April 15, 2015

From The New York Times

Growers and sellers in Colorado’s legal marijuana industry may only deal in cash, leading to major problems with banking and security.

http://nyti.ms/1zchdUI

 Questions:

  1. With cannabis legal in Colorado, why can’t banks deal with merchants?
  1. Is there a double standard merchants face in the cannabis industry?

From The New York Times

 

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Most state laws designate marijuana as a Schedule I narcotic that is illegal to possess, sell or consume, barring medical reasons in some states. But last year voters in Colorado and Washington elected to legalize the drug following years of lax medical cannabis legislation. While Washington lawmakers are spending a year drafting regulations for retail sale, Colorado’s legal dispensaries opened to customers aged 21 and over on January 1, 2014. Nevertheless, the Rocky Mountain State’s marijuana growers have a Continue reading

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