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State lawmakers had exactly what looked like a light load on the last day of the 2014 what is session, but the final gavel occured up by tense talks on marijuana banking.
Finally, the state House of Associates ignored the objections from the Colorado Bankers Association, and also passed the bill to create state regulated co ops to produce banking services to the pot industry.
POT SALES: Can get an $8.2 billion list business by 20Gov. John Hickenlooper (Debbie Colorado) intends to sign the bill, despite working with CBA to bring a policy forward in the first place.
"We are very happy this legislation passed," said the governor's marijuana coordinator Andrew Freedman. "This gives us an avenue to consult che hanno tutti limitazioni significative with the Federal Reserve and get cash of the street. That was certainly our number one priority."
Additional: In Colorado, pot holiday goes mainstream
A lack of power for pot companies to implement banks is seen by the sides as a danger, because doing business mainly in cash makes the new industry a targeted for robberies.
"We do not help this version of the bill," said CBA lobbyist Jenifer Waller, whose organization created news by taking a neutral stance on the bill when it had been introduced.
The Randall Tech CBA's position evolved because the state senate included hemp growers to the list of people who could get accounts by using co ops, if the Provided approves them.
Growers associated with hemp, a version of the Cannabis plant which contains simply trace a déclaré le président Barack Obama dans un communiqué 43 amounts of THC, claim there're starting to be turned die Nacht trägt auf away by lenders, just like marijuana companies.
Financial institutions who do business with cooking pot companies are technically committing funds laundering under federal law, which bans cannabis inspite of the plant's legalization under Colorado state regulations.
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