BUSINESS

Banks Say No To Marijuana Money, Legal Or Not - NYTimes.com

Jan 12, 2014 | Updated Jan 25, 2014

Legal marijuana merchants like Mr. Kunkel — mainly medical marijuana outlets but also, starting this year, shops that sell recreational marijuana in Colorado and Washington — are grappling with a pressing predicament: Their businesses are conducted almost entirely in cash because it is exceedingly difficult for them to open and maintain bank accounts, and thus accept credit cards.

Read more on www.nytimes.com

140 Comments