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Cannabis Economy

Cannabis Economy (by Audio Archives) chronicles personal conversations with business leaders on Ingenuity, Inspiration...and Cannabis. Our first goal is to provide an oral history of legal cannabis in real-time. Who you are informs what you do. Business is personal. Follow us on Twitter @CannEconomy
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Apr 20, 2017

The congressman joins us and shares Colorado’s cannabis legalization results- crime is down, businesses have grown, there’s a better banking landscape and revenue to the state has been strong. The congressman has introduced The Marijuana Business Access To Banking Act which says that if a State has a regulatory structure in place, the businesses within that State would be exempt from the very restrictive federal banking laws. This of course would put into law the FinCen guidance released in tandem with the third Cole Memo. Remember- it was the Ogden memo in 2009, the first cole memo in 2011, the second cole memo in 2013 and that third cole memo in 2014. The congressman says that momentum is building for true federal legislation.

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