Federal Reserve President Talks Banking Issues With Colorado Cannabis Industry April 10, 2015 John Hollon Banking, Finance & Real Estate 0 Comments Federal Reserve Bank of Kansas City president Esther George on Thursday listened intently to a group of 20 businessmen, bankers and government officials who talked about the troubling lack of banking services available to the marijuana industry, but offered little… Read More→
Congressman: Feds Don’t Want to Confront Anti-Marijuana Banking Laws April 6, 2015 John Hollon Policy & Legal 0 Comments Congress doesn't have the appetite to deal with the conflict between federal and state laws that has caused a banking crisis for the burgeoning marijuana industry in Colorado and other states, according to a member of a House committee that… Read More→
Colorado’s Marijuana Industry Really Wants a Bank — But Waits on the Fed February 6, 2015 John Hollon Banking, Finance & Real Estate 0 Comments It was zero degrees in Denver on a late December morning, and the ice-covered streets were mostly empty. Mark Mason, wearing a full-length black coat, green wool hat and sunglasses, sat in a white Buick LaCrosse, eyeing the squat building… Read More→
Oregon’s MBank Opens Doors to Colorado Marijuana Businesses January 21, 2015 John Hollon Banking, Finance & Real Estate 0 Comments An Oregon bank is openly offering service to the marijuana industry in Colorado at a time when banks here are lurking mostly in the shadows. MBank, based outside Portland, is part of a growing number of financial institutions, mostly Washington-based… Read More→
Banking on Pot: Arizona’s Banks and Medical-Marijuana Dispensaries Seek an Unprosecutable Relationship December 30, 2014 Rob Meagher Banking, Finance & Real Estate 0 Comments On a recent Friday afternoon, Nick Kriaris, owner of Encanto Green Cross medical-marijuana dispensary in Phoenix, and his brother, Chris, tried to open an account at Bank of America for their nonprofit business with $420 in cash. The attempt at… Read More→