U.S. Treasury May Give Guidelines to Banks Working with Pot Companies
The federal government may issue guidance giving banks a “yellow light” to work with marijuana businesses, possibly in the first quarter of 2014, a high-ranking state official said Thursday. The development was welcomed by marijuana industry officials who have long pushed for a banking fix, but banking industry leaders were skeptical that mere limited guidance will change much. Jack Finlaw, chief legal counsel to Colorado Gov. John Hickenlooper, said state officials expect guidance similar to that of a broader Department [...]