“The inability of marijuana businesses to straight-forwardly stash their cash in standard financial institutions due to federal banking regulations aimed at stopping drug trafficking has been an issue in Colorado for years. But despite Obama administration statements about possible fixes and a request from Governor John Hickenlooper more than three months ago, nothing has been done. Now, however, with the recreational pot biz reportedly taking in more than $5 million in the first five days of sales, the Denver City Council unanimously passed a proclamation calling for the feds to rewrite banking regs to allow for state-legal weed operations to use banks like any other business.”

http://blogs.westword.com/latestword/2014/01/pot_sales_denver_5_million_five_days.php

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