Marijuana Banking Bill Fails

MARIJUANA-300Yesterday, Colorado state legislators debated a last-minute bill to give marijuana businesses a place to do their banking.  But the plan to set up the world’s first financial system for marijuana survived less than 24 hours before state lawmakers changed course and shelved the idea.  The measure was introduced late Wednesday and cleared a House Committee yesterday. But a few hours later, another House committee gutted the plan by amending the bill to say that Colorado will continue studying the problem of marijuana businesses having a hard time accessing banking services.