Tag Archives: law

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

Hickenlooper Signs Bills

JOHN-HICKENLOOPER-300Governor Hickenlooper has signed a couple more bills into law.  The first bill extends the ReHire program for an additional three years. Last year, Colorado lawmakers set aside $3.6 million to establish ReHire Colorado, a transitional jobs program that connects Coloradans who are ready to work with local employers by providing job training, wage assistance, and support services. The program targets veterans and low-income, low-skill Colorado workers who are unemployed or underemployed, helping them get off of public assistance and back into the workforce. The new law takes effect on August 6th.  The second bill expands the Renewable Energy and Energy Efficiency for Schools loan program. The program provides school districts with loans for wind, solar, or other energy efficiency projects. The projects help ensure that schools are efficient and conducive to learning. The law takes effect immediately.  Pictured: John Hickenlooper

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