Legal Settlement Hands Marijuana Industry a Setback

An anti-drug group has prevailed in its legal fight against a Colorado cannabis store and several financial services companies, which could present new challenges for the marijuana industry down the road.

The settlement is tied to a lawsuit Safe Streets Alliance filed on behalf of a Holiday Inn in the town of Frisco, Colorado. The suit claimed that the hotel would suffer financially if a cannabis store – Medical Marijuana of the Rockies – opened across the street.

The lawsuit was…

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