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…