Your Money Stinks
Publication Date
1-31-2014
Document Type
Article
Organizational Units
Sturm College of Law
Keywords
Banking, Marijuana dispensaries, Colorado, Cannabis
Abstract
A few years ago, a Boulder woman who owned one of Colorado’s first dispensaries ran into some troubles with her bank. As she later recounted, the bank told her the money she was depositing into her business account reeked of marijuana. The bank was willing to take her money, but she would have to do something about the smell. Maybe Febreze would help. Her bank, in other words, asked her to literally launder her money.
Copyright Statement / License for Reuse
All Rights Reserved.
Publication Statement
User is responsible for all copyright compliance.
Recommended Citation
Sam Kamin & Joel Warner, Your Money Stinks, Slate: Altered State (Jan. 31, 2014), https://slate.com/news-and-politics/2014/01/colorado-marijuana-businesses-have-a-big-problem-banks-wont-take-their-money.html.