Source: DENVER BUSINESS JOURNAL

MBank: Oregon bank snuffs plan to service marijuana businesses

Oregon-based MBank made waves last year by announcing it would service marijuana businesses as the drug continues to be legalized in more states. And in January, MBank said it would work with Colorado entrepreneurs. But only a few days later, the bank abandoned its Colorado plans, citing a lack of capacity to service the demand. Now, it's leaving the pot arena entirely. The bank says it currently counts 70 clients in the young industry. It plans to deliver 60-day notices to the businesses today...

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