Colorado Moves to Solve the Cannabis Banking Problem

Colorado legislators approved a bill to create cannabis credit co-ops in an attempt to resolve the banking problems for marijuana businesses. While it’s a positive step for these small businesses, the co-ops won’t be able to create checking accounts without the approval of the Federal Reserve, which is unlikely. The... more →
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Banking Problems for Marijuana Companies Will Continue

Marijuana companies are struggling to have normal banking relationships since the government continues to label the drug a controlled substance. Taylor West of The National Cannabis Industry Association believes that until the federal government assures banks, in writing, that they aren’t breaking the law, they will continue... more →
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