Colorado lawmakers moved the marijuana industry away from its cash-only roots on Wednesday when they approved the world’s first financial system for marijuana businesses. The plan sets up a network of uninsured cooperatives, which gives the industry an avenue to basic banking services. Even in light of Eric Holder’s comments on banking, marijuana businesses have still had a hard time finding banks to even let them open checking accounts, for fear of committing a federal crime. According to an AP…

For medical marijuana dispensary owners and the patients who rely on them for access to their medicine, Colorado Congressman Ed Perlmutter’s (D) bill is common sense. [caption id="attachment_6714" align="alignright" width="240"] Rep. Ed Perlmutter[/caption] Perlmutter introduced legislation yesterday that would allow legal marijuana-related businesses to have access to traditional banking services. The Marijuana Business Access to Banking Act aims to accomplish this by updating federal banking laws…