NPR Story
11:59 pm
Mon January 6, 2014

Colo. Marijuana Merchants Forced To Deal Mostly In Cash

Originally published on Wed January 8, 2014 1:56 am

Transcript

RENEE MONTAGNE, HOST:

And today's last word in business today is: cash only.

Colorado's retailers may be allowed to sell marijuana now, but under federal law, the state's banks cannot knowingly do business with them.

DAVID GREENE, HOST:

This has forced marijuana merchants in the state to operate almost solely in cash. Denver's city council, not happy. They called yesterday for Washington to change the law.

MONTAGNE: But even then, Colorado marijuana shop owners would still have a plastic problem. Official Visa, MasterCard and American Express rules prohibit the use of their debit and credit cards to purchase pot.

GREENE: Visa, it's everywhere you want to be, I guess, except if you're in the marijuana business. That's the business news on MORNING EDITION, from NPR News. I'm David Greene.

MONTAGNE: And I'm Renee Montagne. Transcript provided by NPR, Copyright NPR.

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