Saturday, February 15, 2014

Cash is king in recreational pot, but business owners wish it wasn't

For marijuana dispensaries around the country, the days of doing business in cash - driving around with bill-stuffed envelopes to pay the rent, or showing up at a state revenue office with $20,000 in paper bags for the tax man - can't end soon enough. It's not clear that the Obama administration's new guidance on pot-related banking is going to end them.

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