Marijuana Companies Stuck Doing Business a Old-Fashioned Way, in Cash

DENVER—Two years after Colorado entirely ratified a sale of marijuana, most banks here still don’t offer services to a businesses involved.

Financial institutions are held between state law that has ratified pot and sovereign law that bans it. Banks’ sovereign regulators don’t entirely commend such businesses and levy toilsome stating mandate on banks that understanding with them.

Without bank accounts, a state’s…

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