Take Two

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

Marijuana Banking: Secretive but poised to grow

by Amy Radil, KUOW | Take Two

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John Davis says his marijuana business is "built like a bank on steroids." KUOW Photo/Amy Radil

A cool billion dollars. Based on sales tax receipts, that's how much revenue the California medical marijuana industry generates each year. But even though their businesses are legit in California, owners of pot dispensaries often have trouble finding a bank to take their money.

So some have to get creative.

Amy Radil of public station KUOW in Seattle, where recreational pot is now legal, has this report on the tricky dance between pot entrepreneurs and banks.

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