Episode 602: Big Weed : Planet Money Pot is now legal in some states, but on the federal level, it's illegal. The legal gray area means many banks in the U.S. won't even give pot businesses checking accounts.

Episode 602: Big Weed

Episode 602: Big Weed

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An employee waters plants at Tilray, the Canadian medical marijuana company owned by Privateer Holdings. Privateer Holdings hide caption

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Privateer Holdings

An employee waters plants at Tilray, the Canadian medical marijuana company owned by Privateer Holdings.

Privateer Holdings

Pot is now legal in some states. But on the federal level, it's illegal. The legal gray area means banks in the U.S. are wary to give pot businesses access to basic financial instruments – like checking accounts.

Today on the show, we visit a country where medical marijuana is fully legal. And we see how bank accounts, loans, and investors can transform an industry.

Music: Jungle's "Busy Earning" Find us: Twitter/ Facebook/ Spotify/ Tumblr.