Why Banks Won’t Loan to Cannabis Industry Employees

In Colorado, the cannabis business is a legitimate industry. Folks often forget that in many states marijuana has yet to be legalized. Cannabis industry employees are just as successful, reliable, and hardworking as people in other fields, but can have a harder time securing financing for a home purchase. While …

Why Marijuana Businesses Still Can’t Get Bank Accounts – PEW Charitable Trusts

Federal law prohibits banks and credit unions from taking marijuana money. So here in Colorado, everyone involved with the state’s legal cannabis industry has a banking problem. Businesses can’t get loans, customers have to pay in cash, and state tax collectors are processing bags of bills. Read more: http://www.pewtrusts.org/en/research-and-analysis/blogs/stateline/2016/03/22/why-marijuana-businesses-still-cant-get-bank-accounts Sophie …