With medical marijuana dispensaries and related businesses unable to find banks for their transactions, security firms are stepping in to protect their interests and make a buck.
US Representative Earl Blumenauer is demanding to know who in the federal government intimidated an Oregon bank that had promised to work with legal marijuana businesses.
There are some 105 financial institutions in the U.S. providing banking services to marijuana dispensaries and other pot businesses, that's less than 1% of all banks and credit unions nationwide. There is simply no incentives for either institution to do business with...
Colorado lawmakers put their stamp of approval on a measure earlier this week aimed at establishing the world’s first-ever banking system to cater to the marijuana industry.