Support for LAist comes from
Become a sponsor
Audience-funded nonprofit news
Donate
Stay Connected

LAist is part of Southern California Public Radio, a member-supported public media network.

Audience-funded nonprofit news
Listen
Donate
Podcasts Take Two
Colorado lawmakers OK nation's first financial system for pot industry
solid orange rectangular banner
()
Take Two Logo
May 9, 2014
Listen • 5:26
Colorado lawmakers OK nation's first financial system for pot industry
Colorado lawmakers have approved the creation of the nation's first financial system catering to the marijuana industry.
Sam Walsh, a budtender, sets up marijuana products as the 3-D Denver Discrete Dispensary prepares to open for retail sales on January 1, 2014 in Denver, Colorado. Legalization of recreational marijuana sales in the state went into effect at 8am this morning.
Sam Walsh, a budtender, sets up marijuana products as the 3-D Denver Discrete Dispensary prepares to open for retail sales on January 1, 2014 in Denver, Colorado. Legalization of recreational marijuana sales in the state went into effect at 8am this morning.
(
Theo Stroomer/Getty Images
)

Colorado lawmakers have approved the creation of the nation's first financial system catering to the marijuana industry.

Just yesterday, we heard a story from Washington state about the troubles those who run marijuana dispensaries face when trying to find a bank. Now, Colorado lawmakers have approved the creation of the nation's first financial system catering to the marijuana industry.

Here with more is Colorado Public Radio's Ben Markus.