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Nevada marijuana lawsuit highlights license competition

Michael Frey and his brother Robert are suing their partner in the Nevada cannabis business for $125 million. It is the latest in a series of lawsuits by investors in the booming local marijuana industry that is creating multi-millionaires in a flash.

Marijuana bankers ‘drowning in a sea of paperwork’

Cannabis banker Sundie Seefried is drowning in a sea of paperwork. And that — she told a Las Vegas audience — is why her financial institution and other banks have to charge high fees to work with marijuana companies.

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