Financial instutitions have been reluctant to open accounts with marijuana businesses for fear of racketeering or money laundering charges. That could change soon.
Credit Luke Runyon / KUNC and Harvest Public Media
The “Cash Only” signs that are ubiquitous in Colorado’s marijuana businesses, medicinal or recreational, could soon be on the way out. Attorney General Eric Holder says the U.S. Department of Justice will soon issue guidelines meant to put skittish financial institutions at ease about dealing in the burgeoning marijuana industry.
Colorado made history when it opened up licensed marijuana retail shops. Aside from just legalizing the purchase of smoke-able marijuana, it also means pot brownies have the potential to be big business.
Florida may soon become the latest state to allow doctors to prescribe marijuana. Advocates there are gathering signatures to put a medical marijuana referendum on the fall ballot.
But Florida's Legislature may act sooner to allow residents access to a particular type of marijuana. Advocates say the strain called Charlotte's Web offers hope to children with severe seizure disorders.
Originally published on Mon January 13, 2014 3:08 pm
For many users and advocates of marijuana, the boom in the West Coast growing industry may be all good and groovy. But in California, critics say the recent explosion of the marijuana industry along the state's North Coast — a region called the "emerald triangle" — could put a permanent buzz kill on struggling salmon populations.