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Jared Polis

Colorado unveils plan to help bring banking to state’s cannabis industry

With federal banking still out of reach, Gov. Jared Polis unveiled new strategies Monday to entice Colorado banks, credit unions and money transmitters to work with cannabis companies and become leaders in providing financial services to marijuana and hemp businesses. Polis’s plan renews the state’s commitment to creating a regulatory landscape that affords cannabis businesses access to services widely available to other legal industries, while offering financial institutions support to navigate the industry’s federal grey area. Because marijuana remains a controlled substance under federal law, Colorado’s dispensaries, cultivations and other businesses have been prohibited from obtaining conventional financial services, such as lines of credits or loans, and the ability to accept credit c...

Starting Jan. 1, Coloradans will have more options for consuming cannabis in public. But will we catch up to California?

Published: Dec 27, 2019, 6:06 am • Updated: Dec 27, 2019, 6:08 am By John Wenzel, The Know From eye-level, Tetra Lounge looks like an upscale coffee shop rolled into a nightclub. Brick walls, painted white, box in DJ booths and a bar, while attractive glass cases and furniture dot the 2,000-square-foot space at 3039 Walnut St. in the River North Art District. But look down and you’re suddenly in a weed dealer’s apartment from the black-market era of cannabis: plush but worn couches, video game controllers, scattered bits of bright-green leaves, and a friendly, roaming Rottweiler named Kena. Read the rest of this story on DenverPost.com.