“The undersigned shall not use, occupy, or permit the use or occupancy of any Property or Collateral by the undersigned or any lessee, tenant, licensee, permittee, agent, or any other person in any manner that would be a violation of any applicable federal, state or local law, regardless of whether such use or occupancy is lawful under any conflicting law, including without limitation any law relating to the use, sale, possession, cultivation, manufacture, distribution or marketing of any controlled substance or other contraband (whether for commercial, medical, or personal purposes), or any law relating to the medicinal use or distribution of marijuana (collectively, “Prohibited Activities’).”
Read your loan agreement. The USDA has similar prohibitions against marijuana if you participate in any Farm Service Agency Program. Marijuana is still a Schedule II narcotic.
Sorry, hemp huggers, but your average Farmer Green can’t raise pot.
Mark Wilson
Lewis