MIAMI (CBSMiami) – Even as the culture of cannabis goes mainstream across the country, marijuana-related businesses still face a huge hurdle for legitimacy.
At the federal level, cannabis is still considered an illegal substance and therefore most banks are not allowed to do business with those companies.READ MORE: CBS4 Nat Moore Trophy Profile: Miami Central High Safety Alfonzo Allen
JP Chavez is an adviser to the Cannabis Trade Federation, a policy advocacy group.READ MORE: Arrest Affidavit: Accused Hollywood Cop Killer Jason Banegas Claims He Was Trying To Kill Himself In Struggle With Slain Officer Yandy Chirino
He stopped by the CBS4 Studio to discuss the SAFE Banking Act.MORE NEWS: Parkland Survivor Anthony Borges Prepares To Be In Court For Plea Hearing
Watch his interview in the video player above.