Tag Archives: banking

High Time To Allow Marijuana Businesses To Bank

MARIJUANA-300Colorado U.S. Senator Michael Bennet and a group of senators from Oregon and Washington have written a letter asking federal financial regulators to come up with clear guidelines to allow financial institutions to service legal marijuana businesses. These guidelines would make it easier Continue reading

No To Banking For Marijuana Businesses

marijuana-leaf-300As long as federal law says marijuana is illegal, the nation’s banking system won’t let new pot-based credit unions have access. A judge dismissed the lawsuit brought by Fourth Corner Credit Union after the Federal Reserve Bank of Kansas City refused to allow the credit union to join the nation’s banking system. He acknowledged however that Congress likely will have to Continue reading

Police Chiefs Wrap up Marijuana Training Conference

MARIJUANA-300The final day of of the Colorado Association of Chiefs of Police training conference on marijuana concluded last week with discussions of the Colorado marijuana industry perspective, the challenges of good data collection, and the importance of cross-collaboration with other public agencies. Discussions at the CACP’s Continue reading

Big Job Fair in Denver Today

job fairIn what will be the largest career fair in local history, over 50 major companies will converge on the Adams County Fairgrounds today. TSA, Wells Fargo, Safeway Stores, Enterprise, and Fedex, are among the organizations hiring Continue reading

Legislature Approves Pot and Tax Relief Bills Before Ending Session

MARIJUANA-300Banking for marijuana businesses in Colorado passed during the last day of legislative session, and lawmakers also approved property tax forgiveness for disaster victims.  The banking plan would create the world’s first financial system for the pot industry.  It will have co-ops acting as uninsured Continue reading

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 Continue reading