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

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…

Washington Marijuana Entrepreneurs Fear Potentially Violent Consequences Of An All-Cash Industry

WASHINGTON: Brian Stroh is not taking any chances. Aware of the inherent risks associated with his line of work, Stroh pays monthly for armed security guards to assist him in guarded revenue transport and facility supervision. He’s planning to use lockboxes and a variety other methods to store his money, which he will keep away from Read the full article…

Banks Get A Primer On Pot Money

DISTRICT OF COLUMBIA:  The Obama administration, taking the first regulatory step to accommodate the country’s growing state-approved marijuana businesses, issued guidelines Friday designed to bring dispensaries into the banking system and end their risky reliance on stashing large amounts of cash. The step was a cautious one, reflecting conflicting pressures on the administration. On one Read the full article…

Feds in Talks With Banks Over Dealing With Marijuana Business

DISTRICT OF COLUMBIA: The government is in talks with bank regulators to see whether financial institutions in states that have approved recreational marijuana use can do business with drug dispensaries there, a top Justice Department official said Tuesday.

Feds in Talks With Banks Over Dealing With Marijuana Business

DISTRICT OF COLUMBIA: The government is in talks with bank regulators to see whether financial institutions in states that have approved recreational marijuana use can do business with drug dispensaries there, a top Justice Department official said Tuesday.