This is from February... I can tell you I don't own a dispensary but know people who do and they have been through 5 banks in the last 4-5 months.


Colorado Banks Wary Of Medical Marijuana Dispensary Accounts
the420times Feb. 2, 2010 â??

Wells Fargo, one of the few banks willing to take the business of Colorado medical marijuana dispensaries, has stopped opening new accounts for the businesses, highlighting the legal ambiguity of dispensaries: while legal on the state level, they remain illegal at a federal level.


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Banks wary of marijuana-dispensary accounts
By John Ingold
The Denver Post

Wells Fargo & Co. â?? which medical-marijuana dispensary owners say is virtually the only bank in Colorado willing to take their business â?? has stopped opening new accounts for dispensaries.

Cristie Drumm, a spokeswoman for the banking giant, said Wells Fargo is examining state and federal laws to determine what the bankâ??s risk is in working with dispensaries

Colorado Banks Wary Of Medical Marijuana Dispensary Accounts
Banks wary of marijuana-dispensary accounts
By John Ingold
The Denver Post

Wells Fargo & Co. â?? which medical-marijuana dispensary owners say is virtually the only bank in Colorado willing to take their business â?? has stopped opening new accounts for dispensaries.

Cristie Drumm, a spokeswoman for the banking giant, said Wells Fargo is examining state and federal laws to determine what the bankâ??s risk is in working with dispensaries


good luck
blackhash Reviewed by blackhash on . Wells Fargo Closing MMC Bank Accounts? I knew it wasn't good when I recieved a Certified Mail letter from Wells Fargo. They have "reviewed" my account and have decided to close it as of October 4th. This is right after the state cashed my check for the License fee. Has any other MMCs out there recieved this yet? Couldn't find anything on the internet. :wtf: Rating: 5