Pot shops to get banking system of their own in ColoradoPosted: May 8, 2014
A financial system for the budding marijuana industry has been given the green light by Colorado lawmakers to help pot shops transition from a cash-only business to more sophisticated accounting.
Laurens ten Hagen‘s insight:
The "Marijuana Financial Services Cooperatives Act" was passed Wednesday by the Colorado legislature to provide financial services to industrial hemp businesses that are otherwise illegal under federal law.
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