Aug 24, 2011 11:31 AM by Trovette Tottress

Last public marijuana bank closing accounts

BOULDER, Colo. (AP) - The last bank in Colorado that was publicly doing business with the medical marijuana industry is closing all of those accounts because of concerns over regulations and legal issues.

Bank vice president John Whitten says those issues need to be resolved before banks can resume handling those transactions. Colorado Springs State Bank sent out a letter last week to its medical marijuana account holders requesting them to have their bank accounts closed by Sept. 30.

According to the Boulder Daily Camera, Colorado dispensaries are complaining they are being left with major problems. State law requires that they keep track of their transactions, but they said that becomes hard to do with federal law scaring off banks.


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Falcon school fights to save student's life

FALCON- Aden Knar, a third grade student at Falcon Virtual Academy, is in need of a life-saving bone marrow transplant. His school, Falcon Virtual Academy, will host a bone marrow donor drive tomorrow to help find a match Aden. Knar, 10, was diagnosed at age 4 with acute lymphoblastic leukemia and entered remission in 2008. In November 2013, the Knar family learned that the leukemia had returned, and is now isolated in his bone marrow. In an outreach of support, Falcon Virtual Academy hosted a bone marrow donor drive in January, and will be hosting another tomorrow from 10 a.m. - 2 p.m. at 6113 Constitution Ave., directly west of Care and Share Food Bank for Southern Colorado. "We wanted to reach out to the family again," said Jodi Fletcher, assistant principal. Fletcher explained that more than 250 people participated in the January drive, and she hopes to have similar numbers April 19. The money from a bake sale at the drive, and a portion of the proceeds raised from a spring formal...

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