Pot state Dems want federal regulation of marijuana - Cannabis News

Democrats from states where marijuana is legal say so many Americans have access to pot products that the federal government should begin regulating the industry, which generated more than $7 billion in sales last year.

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Pot state Dems want federal regulation of marijuana - Cannabis News

Democrats from states where marijuana is legal say so many Americans have access to pot products that the federal government should begin regulating the industry, which generated more than $7 billion in sales last year.

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U.S. Sen. Warren seeks to pull pot shops out of banking limbo – Cannabis News

BOSTON (AP) -- As marijuana shops sprout in states that have legalized the drug, they face a critical stumbling block - lack of access to the kind of routine banking services other businesses take for granted.

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U.S. Sen. Warren seeks to pull pot shops out of banking limbo – Cannabis News

BOSTON (AP) -- As marijuana shops sprout in states that have legalized the drug, they face a critical stumbling block - lack of access to the kind of routine banking services other businesses take for granted.

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Bernie Sanders Wants Fewer Cannabis Banking Regulations – Cannabis News

Despite any recent election disappointments, Bernie Sanders has not slowed down in the least when it comes to supporting causes he cares about, like fair and equal treatment for cannabis businesses.

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Bernie Sanders Wants Fewer Cannabis Banking Regulations – Cannabis News

Despite any recent election disappointments, Bernie Sanders has not slowed down in the least when it comes to supporting causes he cares about, like fair and equal treatment for cannabis businesses.

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Large law office pivots towards the legal cannabis industry – Cannabis News

Bruce Kennedy ~ WeedWorthy ~

A Florida-based firm is opening three new offices in cities where cannabis is an emerging industry, and it has plans to open more.

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Legal Marijuana: A $44 billion business by 2020? – Marijuana News

The growing acceptance and legalization of marijuana is helping the U.S. cannabis industry expand well beyond niche status. It's forecast to pump from $24 billion to $44 billion annually into the country's economy by 2020, according to an industry publication.

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Oregon bills to make cannabis banking, investment easier sail forward – Marijuana News

Bills to eliminate residency requirements for pot business ownership, give lenders legal protections and combine medical and recreational cannabis retail outlets all moved forward easily in the Oregon Legislature last week, though none have yet become law.

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As Marijuana Sales Grow, Start-Ups Step In for Wary Banks - Marijuana News

New start-ups have been putting together software that helps banks and dispensaries monitor and record transactions, with the long-term goal of moving transactions away from cash.

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Judge tosses Denver marijuana credit union's suit for federal approval – Marijuana News

Image: The Fourth Corner Credit Union

Forcing Federal Reserve to bank on pot credit union would give approval to criminal activity, federal judge says.

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Colorado's pot industry is a cash business. A small credit union wants to change that. – Marijuana News

Customers shop at the Grass Station dispensary in Denver. Because of federal banking regulations, Colorado's $700-million-a-year industry runs almost entirely on cash. Image: Brennan Linsley, Associated Press via Los Angeles Times

Calling itself the "littlest David" battling the "biggest Goliath," a fledgling Colorado credit union took the Federal Reserve to court Monday in a case that may determine whether the cannabis industry will bank openly or continue to operate almost entirely in cash.

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Denver company targets marijuana industry's cash-intensive business – Marijuana News

Image: Blue Line Protection via Denver Business Journal

A Denver-area company that provides security for marijuana businesses moving around large amounts of cash said it’s growing in the city.

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Fed wants Denver marijuana credit union lawsuit snuffed out

Fourth Corner Credit Union building in Denver.File Image: David Zalubowski, AP
 
The Federal Reserve Bank of Kansas City has asked a federal judge in Colorado to dismiss a lawsuit filed against it by a Denver-based credit union that wants to provide financial services to the marijuana industry.
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Feds Block Push by Colorado to Create Pot Bank

File image of the Fourth Corner Credit Union building in Denver. AP Photo/David Zalubowski
Kristen Wyatt ~ Associated Press
 
DENVER (AP) -- Colorado's attempt to create a bank to service its marijuana industry has received a setback from the Federal Reserve.
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The marijuana banking dilemma

Mark Goldfogel with The Fourth Corner Credit Union speaks at the National Cannabis Summit. Image: WeedWorthy.com
Bruce Kennedy ~ WeedWorthy ~
 
Denver’s Fourth Corner Credit Union launched last year as an answer to the legal marijuana industry’s inability to access financial institutions. But the Fed had other plans.
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Pot Risk vs. Profit: Bankers Cautious of Marijuana Dispensaries

Interior of the Euflora dispensary in downtown Denver. Image: WeedWorthy.com
Clarissa Cooper and Michael Bodley ~ Carnegie-Knight News21 initiative via NBCNews.com ~
 
DENVER — Every month, Jamie Perino hires a security detail to come to her three recreational marijuana dispensaries. They stop by, collect thousands of dollars in cash and head out to deliver the money to the state, county and city.
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KC Fed finds itself at the center of marijuana debate

The Federal Reserve Bank of Kansas City is the target of a lawsuit filed by a credit union seeking to serve the marijuana industry. Image: Dave Kaup/KCBJ
 
The Federal Reserve Bank of Kansas City finds itself in the middle of a heated debate about the legalization of marijuana, as the target of a lawsuit filed by a credit union seeking to serve the industry.
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Blossoming Denver-based marijuana credit union denied by Feds; suit filed

U.S. Federal Reserve System Seal. Image via Wikimedia Commons
Kieran Nicholson ~ Denver Post ~
 
A Denver-based credit union aiming to become the first of its kind — one created to serve the Colorado marijuana industry — has suffered a setback.
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New bill would let marijuana shops use banks

Cannabis plant at a Denver grow facilility. Photo: WeedWorthy.com
 
Pot shops would have access to banks under new legislation in the Senate.
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