Strictly Business: Marijuana Debate Far From Over
It’s tough to select the set of rules In blending between those ready to seize the moment and those whose regulate a business still illegal in 48 states.
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It’s tough to select the set of rules In blending between those ready to seize the moment and those whose regulate a business still illegal in 48 states.
Colorado's Department of Revenue reports that marijuana retailers sold nearly $19 million in recreational weed in March, up from $14 million in February.
Colorado lawmakers moved the marijuana industry away from its cash-only roots when they approved the world’s first baking system for marijuana businesses.
The Colorado legislature approved a bill aimed at giving state-licensed marijuana businesses access to banking services by creating "cannabis credit co-ops"
As the pot businesses blossom, a robust supply chain is needed to help grow, package and market legal marijuana.
A Colorado plan to set up the first financial system for marijuana survived less than 24 hours before state lawmakers changed course and shelved the idea.
Dispensaries in Colorado are forced to work all cash, creating a risky situation threatening those operating inside the state’s billion-dollar commerce.
It was only a matter of time before the cryptocurrency concept got swept up in the Green Rush. Introducing Potcoin, Bitcoin for weed it's that cut and dry (punny.)
Last Thursday's Colbert Report had a solid ten minutes on the (just starting to boom) green rush. Yes, it contains a few good-natured stoner cliches and stereotypes, but Steven Colbert continues to help shine a light on cannabis myths, hypocrisies and opportunities.
The rollout of Colorado’s legal pot system was a great success, except for stores with large amounts of cash because the banks won’t take it.
Officials at the Department of Justice are preparing guidelines to allow banks to do business with licensed pot shops.
My homeboy Kevin Sabet is at it again. He dropped this tweet about an article on medical marijuana dispensaries and crime, and I salivated:
Bloomberg describes the federal pot problem for banks and the cannabis industry, pointing out that Holder's guidelines are not enforceable in court.
Attorney General Eric Holder said Thursday that the Obama administration would soon announce regulations that would allow banks to business with legal marijuana businesses. Financial institutions have been scared away
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 functions.
Last Thursday's marijuana banking meeting in Washington DC has industry leaders in Colorado hopeful, but anxious.
Here's the latest major medical marijuana news around the United States from the past week, as of November 20, 2013: