Plan to establish marijuana banks becomes law

[OZ Stoners]

DENVER (AP) — Gov. John Hickenlooper has signed legislation to try to establish the world's first financial system for the largely cash-only marijuana industry.

 

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[OZ Stoners]

Seeking to move marijuana businesses away from cash-only operations, Gov. John Hickenlooper signed legislation Friday that tries to establish the world's first financial system for the newly legal industry ...

 

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[OZ Stoners]

DENVER - Seeking to move marijuana businesses away from cash-only operations, Gov. John Hickenlooper signed legislation Friday that tries to establish the world's first financial system for the newly legal ...

 

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[OZ Stoners]

By Keith Coffman DENVER (Reuters) - Colorado's governor signed into law on Friday a measure to create the nation's first state-run marijuana financial cooperative, potentially giving newly legalized cannabis vendors access to banking services through the U.S. Federal Reserve. The bill signed by Governor John Hickenlooper permits the creation of so-called "cannabis co-ops" – similar to credit ...

 

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