Marijuana Businesses May Get Good Banking News In Early 2014

"What we're being told," Finlaw said on the call hosted by Drug Policy Alliance, "is probably in the first quarter of 2014 there will be some guidance issued that's comparable to the Cole memo from the Department of Justice that will give, maybe not a green light, but a yellow light to banks to allow them to do business [with marijuana businesses] -- to take deposits, to set up checking accounts, to set up small business loans, to allow these businesses to accept purchases through debit cards or credit cards, to allow what normal businesses are allowed to do."

DISTRICT OF COLUMBIA: Marijuana businesses may not yet get a full green light on the banking rights that non-marijuana businesses already enjoy, but they are likely to get a “yellow light” as soon as the new year, Jack Finlaw, Colorado Gov. John Hickenlooper‘s  chief legal counsel, said on a joint call Thursday. “What we’re being told,” Read the full article…

Marijuana Businesses May Get Good Banking News In Early 2014

"What we're being told," Finlaw said on the call hosted by Drug Policy Alliance, "is probably in the first quarter of 2014 there will be some guidance issued that's comparable to the Cole memo from the Department of Justice that will give, maybe not a green light, but a yellow light to banks to allow them to do business [with marijuana businesses] -- to take deposits, to set up checking accounts, to set up small business loans, to allow these businesses to accept purchases through debit cards or credit cards, to allow what normal businesses are allowed to do."

DISTRICT OF COLUMBIA: Marijuana businesses may not yet get a full green light on the banking rights that non-marijuana businesses already enjoy, but they are likely to get a “yellow light” as soon as the new year, Jack Finlaw, Colorado Gov. John Hickenlooper‘s  chief legal counsel, said on a joint call Thursday. “What we’re being told,” Read the full article…

Marijuana-Related Business Sees Growth As Pot Legalization Spreads

A popular marijuana dispensary mapping website has contributed $1 million to a campaign committee for a possible November 2016 pot legalization ballot measure.

COLORADO:  As legalization of marijuana grows, so too is the outlook of companies catering to the pot business. One such firm, WeedMaps.com, a website that allows users to rate and review medical marijuana dispensaries, expects to post $30 million in revenue this year and increase that by 20 percent next year. The company was started five Read the full article…

Legal Pot States Banking On Thursday Secret Panel Meeting

Forcing legitimate businesses to operate on a cash-only basis without bank accounts is an invitation for robbery, tax evasion and organized crime.

DISTRICT OF COLUMBIA:  Aspiring legal marijuana producers and vendors in Colorado and Washington state have a lot riding on a closed-door meeting today held by an obscure Treasury Department group, which faces some interesting constitutional issues about a “growing” industry. The meeting in Washington, D.C., involves the Bank Secrecy Act Advisory Group, an advisory panel Read the full article…