In places like Denver and Steamboat Springs, the debate over retail marijuana has long been settled. It’s a different story in Fort Collins. A final decision on whether to allow retail marijuana in city limits is expected soon.
Colorado opened its first pot stores in January, and adults in Washington state will be able to walk into a store and buy marijuana this summer. But this legalization of recreational marijuana is taking place without much information on the possible health effects.
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.