Fed regs make rec pot unbankable industry

Most area bankers are hesitant to discuss if they plan to offer banking services for recreational marijuana companies in Colorado in the future.

It’s still illegal for any bank to do business with any marijuana company, much less the 136 now-legal, state-licensed, recreational marijuana dispensaries in the state. So it makes sense that bankers – all of whom are regulated by the federal government – might be a little circumspect in what they said.

Among themselves however, bankers hope the federal government addresses the issue soon, said Mary Jane Rogers, a regional small-business spokeswoman at JP Morgan Chase & Co., which has…