Colo. Marijuana Merchants Forced To Deal Mostly In Cash

Jan 7, 2014
Originally published on January 8, 2014 6:56 am
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And today's last word in business today is: cash only.

Colorado's retailers may be allowed to sell marijuana now, but under federal law, the state's banks cannot knowingly do business with them.


This has forced marijuana merchants in the state to operate almost solely in cash. Denver's city council, not happy. They called yesterday for Washington to change the law.

MONTAGNE: But even then, Colorado marijuana shop owners would still have a plastic problem. Official Visa, MasterCard and American Express rules prohibit the use of their debit and credit cards to purchase pot.

GREENE: Visa, it's everywhere you want to be, I guess, except if you're in the marijuana business. That's the business news on MORNING EDITION, from NPR News. I'm David Greene.

MONTAGNE: And I'm Renee Montagne. Transcript provided by NPR, Copyright NPR.