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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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.
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.
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.
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.
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.
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.
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.
Forcing Federal Reserve to bank on pot credit union would give approval to criminal activity, federal judge says.
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.
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.
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.
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.
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.
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.
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.
The U.S. government has opened a new line of business for America’s biggest banks, and for once they don’t want it. Little wonder: it’s cash from legalized marijuana.
Two months from now, on July 1, Oregon will become the fourth state to allow residents to legally purchase marijuana for recreational use.
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