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Showing posts from September 4, 2011

Medical Marijuana Regulations Colorado Getting too Tight

In Colorado, Laws and regulations on medical marijuana are tighter than ever, forcing many dispensary owners out of business. While the use of marijuana is legal in Colorado for registered medical marijuana patients, some of the strictest marijuana regulations and laws in the U.S. are currently in place in Colorado, not allowing much room for growth in the state's medicinal marijuana industry.

Recently, Colorado officials announced medical marijuana account holders were losing their only existing partner in banking, The Colorado Springs State Bank. Licensed medical marijuana account holders have until the end of September to close their accounts, leaving many in a panic of what to do. Other banks in the past have refused the business of medical marijuana account holders because marijuana is illegal under federal law. In an effort to keep it consistent across the board, The Colorado Springs State Bank has finally determined that marijuana account holders are doing something consi…

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