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Business Insider: The multibillion-dollar marijuana industry could soon come out of the ‘gray market’

The Senate Appropriations Committee voted on Thursday to allow banks to provide financial services to legal recreational and medical marijuana dispensaries, according to The Denver Post.

Marijuana is still listed as a Schedule 1 substance by the federal government, so marijuana businesses in states where recreational use is legal, like Colorado, are forced to operate on an all-cash basis.

Read the entire article at Business Insider here.