Colo. lawmakers nix first-ever pot investment fund

DENVER — Colorado lawmakers have rejected a first-in-the-nation investment fund for marijuana after a fiery debate.

Democrats and Republicans fell on both sides of a debate today over starting a state-backed fund legitimizing investment in marijuana research, plus financial services for pot shops.

Supporters argued that marijuana businesses are ripe for corruption because banks won’t take their money, forcing them to do their business in cash.

But opponents argued that because marijuana is still federally banned, the state should not legitimize business transactions involving pot.

The House is pondering several changes to sweeping rules for marijuana businesses in Colorado.

House Bill 1043:


Commenting is not available in this channel entry.

  • Cnas - Ft, Pt, Prn

    CNAsFT, PT, PRN,All ShiftsCurrent Colorado License.

  • Nurse Ii

    Full Time PositionGrand JunctionRegional CenterAn ...

  • Delivery Route

    BUSINESS OPPORTUNITYWould you like to deliver newspapersa...

  • Ft Rns - Nightshift

    La Villa Grande Care Centeris looking for those amazingRN'sto...

  • Facility Manager

    Looking for an energetic, motivated and detail oriented individual fo...

  • Sales

    WE ARE HIRING!!!If you are motivated and have an outgoing persona...

Search More Jobs

734 S. Seventh St.
Grand Junction, CO 81501
970-242-5050; M-F 8:00 - 5:00
Subscribe to print edition
Advertiser Tearsheet

© 2016 Grand Junction Media, Inc.
By using this site you agree to the Visitor Agreement and the Privacy Policy