Pot shops to get banking system of their own in Colorado


See on Scoop.itten Hagen on Social Media

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.

See on rt.com



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