BUSINESS
01/12/2014 11:57 am ET Updated Jan 25, 2014

Banks Say No To Marijuana Money, Legal Or Not - NYTimes.com

Legal marijuana merchants like Mr. Kunkel — mainly medical marijuana outlets but also, starting this year, shops that sell recreational marijuana in Colorado and Washington — are grappling with a pressing predicament: Their businesses are conducted almost entirely in cash because it is exceedingly difficult for them to open and maintain bank accounts, and thus accept credit cards.

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