You are here
Home 🌿 Marijuana Business News 🌿 Marijuana bank ban leads to concerns about going all cash 🌿Marijuana bank ban leads to concerns about going all cash
Warning message
The subscription service is currently unavailable. Please try again later.Depending on who you ask on the streets of Denver, sales of cannabis are now king in Colorado, at least to alcohol.
The problem is it is an all cash business because the feds consider marijuana money bad news.
Nicole Surina said she loves almost everything about Colorado's legal marijuana marketplace.
"Being able to do it in your own home and not having to worry about it is a great feeling," she said.
What's not a great feeling is trying to use a credit card to pay for pot and then being denied.
"It's an issue. So we have an all cash business," Andy Williams said.
Williams runs Medicine Man, the retail pot shop where Surina used cash to buy a product Colorado considers legal.
She had to pay in cash because marijuana remains illegal in the eyes of the federal government, which makes credit card companies and banks...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.
Follow us on Instagram
Connect with us on Linkedin