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By NCIA
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February 10, 2014

Marijuana businesses need banks I Bankrate


Buying and selling marijuana is now legal in Colorado and Washington, but cannabis businesses are still not able to enjoy one key benefit: access to the banking industry.

Because the drug has not been legalized on a federal level, banks will not handle money from marijuana dispensaries. The federal-versus-state legal issues mean these business owners have no checking accounts, no checks and no easy way to protect their money.

Read more: Marijuana businesses need banks | Bankrate

Michigan Supreme Court rules local laws can’t ban medical marijuana | Detroit Free Press

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NCIA is leading the cannabis industry's unified and coordinated campaign to ensure our business sector is treated fairly and has the opportunity to reach its full potential. Now - more than ever - is the time to invest in your business and the future of the industry by becoming a member.

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