Pot's Growing Problem: Where to Keep All the Cash?
Feb. 10 (Bloomberg) -- Marijuana for medicinal or recreational uses is now legal in 20 states and the District of Columbia but it is still illegal in the eyes of the federal government. Banks, which are overseen by federal regulators, risk losing their charters if they do business with marijuana sellers -- even if those sellers are licensed by the state. The legal limbo is forcing pot dispensaries, growers and store owners to run cash-only businesses and locking them out of legitimate bank accounts and loans. Bloomberg's Trish Regan takes a look at this growing problem. (Source: Bloomberg)
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RBS Rises After Scrapping Plans to Sell Williams & Glyn
01:48 - Royal Bank of Scotland Group rose to a 12-month high in London trading after scrapping plans to sell its Williams & Glyn banking unit. Bloomberg Intelligence’s Jonathan Tyce reports on “Bloomberg Markets.” (Source: Bloomberg)