Colorado lawmakers moved the marijuana industry away from its cash-only roots on Wednesday when they approved the world’s first financial system for marijuana businesses. The plan sets up...
Because marijuana is illegal under federal law, financial institutions are reluctant to serve state-licensed marijuana businesses. These businesses currently operate almost entirely on a cash-only basis, which...
As the pot businesses blossom, a robust supply chain is needed to help grow, package and market legal marijuana. Where there’s weed, there’s also a growing need for everything...
A Colorado 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...
Since recreational marijuana sales began in Colorado, dispensaries have been forced to operate as a cash-only business. This has created a risky situation, a veritable crapshoot that...
Bitcoins, Bitcoins, Bitcoins… Ya know the anonymous drug money for nerds, backed by the asshole twins that screwed Zuckerberg. Cryptocurrency, or the idea of paying for things...
Last Thursday’s Colbert Report had a solid ten minutes on the (just starting to boom) green rush. The first video bit covered Colorado’s booming recreational marijuana sales...
On Sunday February 16th, I bought legal weed for the first time from a recreational cannabis store in Denver, CO. I spent a few minutes speaking with some of the employees,...
My homeboy Kevin Sabet is at it again. He dropped this tweet about an article on medical marijuana dispensaries and crime, and I salivated: The anti-pot crowd loves...
Attorney General Eric Holder said Thursday that the Obama administration would soon announce regulations that would allow banks to do business with legal marijuana businesses. Financial institutions have been scared...
A Colorado dispensary has begun accepting bitcoin. Banking laws prevent dispensaries from accepting credit card payments, so they are otherwise cash-only.
Last week, a banking meeting took place in Washington DC regarding regulations that currently exist that make it difficult for medical marijuana business to have normal access to banking...
013 Federal agencies are beginning to work on the banking problem for medical marijuana businesses, the District of Columbia is looking at why its program is so...
Reported this week in the Daily Herald: Community banks and credit unions are ready and willing to provide financial services to entrepreneurs in the state’s new legal...
Monday night Denver’s city council passed its regulations for retail cannabis dispensaries in the city. The regulations determine where dispensaries can be located and set the application...
Comments in the Senate Judiciary Committee provided hope that medical marijuana’s banking problems may be ending, California communities continue to tussle over the issue, and a New...
