Take Two®

News and culture through the lens of Southern California. Hosted by A Martínez

Colorado pot businesses struggle to find ways to store profits

by Take Two®

50288 full
Marijuana saleswoman Marissa Dodd (center) talks to a customer about different varieties of marijuana available at the Dr. Reefer marijuana dispensary in Boulder, Colorado. Chris Hondros/Getty Images

Shopping bags full of cash. Decoy drivers. It sounds like something out of an action movie, but for pot sellers in Colorado, it's just another day at the office.

Weed merchants in the Centennial state are struggling to find ways to store the significant cash sums coming in the door since pot became legal at the start of this year. 

Most U.S. banks will not open accounts for pot stores because the drug is still illegal under federal law. That's causing all kinds of cash-flow issues for these now-million-dollar businesses. Alex Altman wrote about this for Time Magazine and joined us to discuss.

blog comments powered by Disqus

Enjoy Take Two®? Try KPCC’s other programs.

What's popular now on KPCC