Business

Colorado lawmakers approve plan for pot banking

By Kristen Wyatt
Published May 8, 2014 9:52pm ET
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Colorado lawmakers approve plan for pot banking
In this Sept. 18, 2012 file photo, a caregiver picks out a marijuana bud for a patient at a marijuana dispensary in Denver. | Ed Andrieski/AP

DENVER (AP) — Frustrated by the cash-heavy aspect of its new marijuana industry, Colorado is trying a long-shot bid to create the world’s first financial system devoted to the pot business.

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Colorado Law Marijuana