Business

Marijuana: How feds can stop one 7-Eleven from being Colorado's money-laundering capital

Last week, a Justice Department rep told a Senate committee the federal government was working on a solution that would allow marijuana businesses in Colorado to legally use the banking system -- something that's been officially forbidden up until now.

Among the Colorado agencies lobbying for such a fix is the Denver Auditor's Office, which would rather have shops deal with standard financial institutions than employ less secure ways of handling cash -- such as ones involving a particular convenience store.

KEEP WESTWORD FREE... Since we started Westword, it has been defined as the free, independent voice of Denver, and we'd like to keep it that way. With local media under siege, it's more important than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" program, allowing us to keep offering readers access to our incisive coverage of local news, food and culture with no paywalls.
Michael Roberts has written for Westword since October 1990, serving stints as music editor and media columnist. He currently covers everything from breaking news and politics to sports and stories that defy categorization.
Contact: Michael Roberts