Colorado Pot Bank Asks for Access to U.S. Banking System
Credit union designed to serve the state’s pot industry can’t take deposits or issue credit
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Rising Marijuana Sales Leave Pot Shops Flush With Cash They Can’t Deposit
Two months from now, on July 1, Oregon will become the fourth state to allow residents to legally purchase marijuana for recreational use.
How Banks Are Transforming Canada’s Cannabis Industry
In the U.S., possessing and selling marijuana is a federal crime, so banks have ignored this emerging market. In Canada, financial institutions are beginning to back corporate cannabis producers.
‘Careful’ Banks Can Invest In Legal Illinois Marijuana
Banks that accept money from legal Illinois marijuana growers won't "come on our radar for prosecution" if they are "careful" and "transparent" and "follow the laws," U.S. Attorney Zach Fardon said.
Colorado’s Missing Marijuana Taxes
Colorado is missing $21.5 million in pot taxes.
House Votes to Let Banks Take Deposits from Marijuana Businesses
In a historic vote Wednesday, the US House has approved an amendment to the Treasury Department appropriations bill
Treasury Defends Rules On Banks, Marijuana Sellers
Treasury Secretary Jack Lew on Tuesday defended the Obama administration's guidelines to banks conducting transactions with legal marijuana sellers
Obama Administration Announces Banking Guidelines for Marijuana Business
The Obama administration Thursday afternoon announced new guidelines that will allow financial institutions to provide services to marijuana businesses in states where it is legal.
Feds Give Historic Green Light to Banks Working With Marijuana Businesses
Banks were given a green light Friday to offer services to the legal marijuana industry, but must continue to report any suspicious activity specific to that industry to federal authorities.
Holder Says Marijuana Banking Rules Coming Soon
Attorney General Eric Holder said Thursday that the Obama administration would soon announce regulations that would allow banks to business with legal marijuana businesses.
