Banking Marijuana Related Business: A Postscript

Two weeks ago we wrote about the current state of banking marijuana related businesses (MRBs).  In that article we quoted an executive of Fourth Corner Bank as saying “[i]n 2016, $1.2 billion in cash will be transacted by the cannabis industry in Colorado.  That’s all in $20 bills.  At some point somebody will die. Then we will be allowed to bank.”   We were wrong, and tragically, somebody has died.

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