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First U.S. Marijuana Bank Proposed

400px-John_W._Hickenlooper_World_Economic_Forum_2013

Colorado Governor John Hickenlooper signed legislation proposing to create a financial bank for the newly legal marijuana business in the state.

Banks do not currently work with marijuana businesses, as the drug is stilled banned by federal law. The new legislation would put in place checking systems so that marijuana businesses do not have to only deal in cash.

Image by World Economic Forum via Wikimedia Commons.

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