Bloomberg Originals
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Pot's Growing Problem: Where to Keep All the Cash?
Posted
February 10, 2014
Views
7,621
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42
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February 10, 2014
7,621
42
4
0.60%
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2:52Now PlayingFeb. 10 (Bloomberg) -- Marijuana for medicinal or recreational uses is now legal in 20 states and the District of Columbia but it is still illegal in the eyes of the federalgovernment. Banks, which are overseen by federal regulators, risk losing their charters if they do business with marijuana sellers -- even if those sellers are licensed by the state. The legal limbo is forcing pot dispensaries, growers and store owners to run cash-only businesses and locking them out of legitimate bank accounts and loans. Bloomberg's Trish Regan takes a look at this growing problem. (Source: Bloomberg)
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