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Pot sales of $5 million in five days and no place to put the money? Denver City Council reacts | Westword


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 is raising its voice.

Read more: Pot sales of $5 million in five days and no place to put the money? Denver City Council reacts | Westword

Denver asks that pot businesses have access to federal banking system | Denver Post

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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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