Published: Feb 20, 2020, 10:14 am • Updated: Feb 20, 2020, 10:15 am By Dp Opinion Meeting with the enemy demonstrates hypocrisy This past weekend, Sen. Chris Murphy, D-Conn., secretly met with Iranian Foreign Minister Javad Zarif. Murphy justified this meeting by saying, “I think it’s dangerous to not talk to your enemies. Discussions and negotiations are a way to ease tensions and reduce the chances for crisis.” Read the rest of this story on DenverPost.com.
Twelve members of the U.S. House of Representatives, including two from Colorado, are publicly pushing back against a federal bill that would give legal cannabis businesses access to banking services. Craig F. Walker , The Denver PostU.S. Rep. Ken Buck in 2014 (Denver Post file) In a Feb. 13 letter sent to Mike Crapo, chairman of the Senate Committee on Banking, Housing and Urban Affairs, Reps. Ken Buck, R-Windsor, Doug Lamborn, R-Colorado Springs, and 10 other Republican representatives applauded the chairman’s concerns about the Secure and Fair Enforcement (SAFE) Banking Act and urged him to “stand strong” in his assessment of the risks posed by allowing dispensaries, cultivations and other businesses access to the federal banking system. Read the rest of this story on DenverPost.com.
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...
Police are investigating a string of armed robberies of metro-area dispensaries in December as the number of break-ins at Denver marijuana businesses hit a three-year high in 2019. Dispensaries in the city reported five robberies and 122 burglaries last year, according to the Denver Police Department. Both offenses increased slightly from 2018, when Denver marijuana businesses reported one robbery and 120 burglaries. Overall, crimes related to the marijuana industry accounted for 0.30% of Denver’s total offenses reported in 2018, the latest year data was available, according to the police department. Read the rest of this story on DenverPost.com.