The Cannabist | JUL 16, 2014
U.S. House OKs bill that could ease marijuana banking issues
The U.S. House of Representatives on Wednesday passed by 39 votes a measure that bars treasury and securities regulators from spending money to penalize financial institutions that work with legal marijuana businesses.
But they did so without exactly saying banks could openly, and without worry, work with the industry what banks have asked for in writing and without decriminalizing the drug at the federal level.
In a separate vote, the House rejected a measure that would have blocked federal guidance given to banks in February for how to work with the marijuana industry a road map thats all but frozen financial institutions from providing the services because it lacks guarantees against being penalized.
Colorados co-op plan: Learn more about the states recently passed law that would create a credit unio .... Open the source in new window
Bloomberg News | July 14, 2014
Even Pot Dealers Need Insurance. The Problem Is, Where to Get It?
Pot dealers of yore never had to worry about this, but here it is: Even in states where selling marijuana is legal, pot retailers are finding they cant get standard-issue business insurance.
Big insurance companies arent writing policies because the category is so new, its hard to price the risk, Carole Walker, executive director of the Rocky Mountain Insurance Information Association, told the Denver Business Journal. The fact also remains that the sale and distribution of .... View more in new window
The Oregonian | July 04, 2014
Kaya Shack opens in Portland, envisioning nation`s first publicly traded chain of Marijuana dispensaries
Craig Frank hopes to create a chain of Starbucks-like Marijuana dispensaries nationwide, and decided Portland is the place to start.
, a retail subsidiary of Alternative Fuels America Inc., opened its doors Thursday on Southeast Hawthorne Boulevard. It offers 17 different flavors of buds, a variety of edibles, concentrated oils and glass blown pipes.
Alternative Fuels America is a Florida-based penny stock that closed Thursday at 14 cents a share.
Kaya Shack will try to d.... View more in new window
The Denver Post | JUN 30, 2014
Changes ahead for Colorado recreational marijuana
Only six months old, Colorados recreational marijuana industry starts a transformation Tuesday that could add hundreds of new pot businesses to the state and reconfigure the markets architecture.
Previously, only owners of existing medical marijuana shops could apply to open recreational stores, and all businesses had to be generalists, growing the pot that they sold. The model matches what is required of medical marijuana dispensaries.
Starting Tuesday, newcomers to the Col.... View more in new window