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⏲ Duration: 1 min 64 sec
✓ Published: 27-Nov-2017
✓ Published: 27-Nov-2017
Description:
Why Marijuana Businesses Still Can’t Get Bank Accounts nTim Cullen’s marijuana business brought in millions of dollars last year, but he’s had a hard time finding a bank to take the money. He’s cycled through 14 checking accounts in six years. Recently, he said, a bank shut down all his personal accounts, including college savings for his 3-year-old son.nnFederal law prohibits banks and credit unions from taking marijuana money. So here in Colorado, everyone involved with the state’s l
Why Marijuana Businesses Still Can’t Get Bank Accounts nTim Cullen’s marijuana business brought in millions of dollars last year, but he’s had a hard time finding a bank to take the money. He’s cycled through 14 checking accounts in six years. Recently, he said, a bank shut down all his personal accounts, including college savings for his 3-year-old son.nnFederal law prohibits banks and credit unions from taking marijuana money. So here in Colorado, everyone involved with the state’s l
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