Denver • State and federal authorities have allowed marijuana businesses to keep firearms in-house in Colorado because of the danger posed by operating a cash-only business, a legal expert said Monday.
Jack Finlaw, chief legal counsel to Gov. John Hickenlooper, said Colorado was alone in its toleration of firearms at marijuana facilities a practice that runs contrary to recently issued federal guidelines.
A federal rule barring banks from taking the money of criminal enterprises, which marijuana stores are considered under federal law, has scared banks away from doing business with the new industry in Colorado and Washington. Without that relationship, marijuana businesses are forced to accept cash only.