Here & Now Here & Now

Support the news

Colorado Lawmakers Pass Marijuana Banking Legislation05:40
Download

Play
This article is more than 6 years old.

The Colorado legislature has approved a bill that would allow marijuana businesses to use regulated co-ops for banking, moving the industry from being an all-cash operation.

The co-ops still require the approval of the U.S. Federal Reserve before they can begin operating.

The bill is expected to signed by Governor John Hickenlooper, despite disapproval of the bill by the Colorado Bankers Association, who did not agree with the addition of hemp farmers using the bank.

The Denver Post's David Migoya joins Here & Now's Jeremy Hobson to discuss the measure.

Guest

This segment aired on May 8, 2014.

Support the news

Support the news