Colorado Set To Prohibit Marijuana Co-Op Growing Operations

police groups and Hickenlooper, a Democrat, have called on lawmakers to curb the practice of assisting other recreational pot users.

By Kristen Wyatt, Associated Press COLORADO: Colorado was set Monday to outlaw marijuana growing co-ops soon after the state Senate unanimously approved a bill making it a crime for people to cultivate recreational pot for other people. The bill supported by the office of Gov. John Hickenlooper passed 35-0 but it was unclear when he would sign it. There Read the full article…

Colorado House Backs Down, OKs Hemp-Farmers’ Access To Financial Co-Op System

Acquiescing to Senate insistence that hemp farmers be allowed to join the cooperatives, representatives voted 33-31 for House Bill 1398, sending it to Gov. John Hickenlooper's desk for approval and, ultimately, a showdown with federal banking regulators.

COLORADO: Backing down from a five-hour fight over whether industrial hemp farmers should be able to access a new credit union-like arrangement for marijuana businesses, the state House narrowly passed a bill that would create the first cooperative of its kind. Acquiescing to Senate insistence that hemp farmers be allowed to join the cooperatives, representatives voted Read the full article…

Marijuana Co-Op Finance Bill Refuses To Die In Colorado Statehouse

The bill puts a twist on the credit-union model by creating cannabis credit co-ops for licensed pot businesses and their affiliates who are currently blocked from the traditional banking system because of federal prohibitions on marijuana.

COLORADO:  A late bill to create co-ops to finance the marijuana industry has come back from a near-death experience. House Bill 1398 got off to a strong start Thursday in the House Business Committee, only to get gutted late that evening in the House Finance Committee before House Appropriations restored the original version Friday morning Read the full article…