April 18, 2014

Pot businesses can’t bank on much

Despite recent changes in Colorado law regarding marijuana possession and use, proprietors of marijuana-related businesses, or MRBs, continue to face obstacles to their practical ability to run those businesses. These include owners of commercial real estate, who are concerned about the potential liabilities of leasing space for MRBs that clearly violate federal law, and local governments that refuse to permit MRBs to operate within their jurisdictions.

Because of concerns about the Colorado Rules of Professional Conduct for attorneys and federal banking laws for banks, MRBs face a relative lack of access to advice from attorneys and a lack…

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