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Business

California Marijuana Startups, Shut Out From Banks, Turn to Private Backing

Carrie Tice, the founder of Octavia Wellness, which sells cannabis products marketed at elderly customers looking for alternatives to opioids for pain relief and better sleep, in San Francisco, Dec. 26, 2017. As recreational marijuana becomes legal in California on Jan 1, 2018, entrepreneurs are rushing in to a nascent market, but many are finding expertise and financing challenging. (Amy Harrity/The New York Times)