Pot business loan issue is on agenda as banking group meets

For the nascent marijuana industry in Colorado and Washington there is a lot riding on a meeting Thursday in Washington, D.C., of an obscure financial-watchdog group.

It’s been three months since the federal Department of Justice (DOJ) announced it would let voter-approved legal pot laws in those two pioneering states proceed. And once that signal was given, all key parties acknowledged the next big challenge: getting banking services to pot merchants so they won’t have to conduct all their business in cash.

Read more here – http://blogs.seattletimes.com/today/2013/12/progress-is-possible-in-pot-banking-dilemma/

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