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The burgeoning cannabis industry continues to grow — sales in Colorado are on pace to surpass $1 billion in 2016 and at least a half-dozen states will be voting on marijuana-related initiatives this November. But cash still has to be king in this business. “(Banking is) still at a standstill right now,” says Alicia Wallace, Cannabist national policy and business reporter. “Marijuana — on a national level, on a federal level — is still illegal, so there are no firm regulations on banking.” Wallace joins The Cannabist Show to talk with Cannabist editor-in-chief Ricardo Baca about what has progressed in banking, how marijuana businesses have adapted, and the efforts of operators such as Colorado’s Fourth Corner Credit Union. ****** Please subscribe to our channel for more marijuana news. Subscribe to The Cannabist Show podcast: http://dpo.st/2gDuNUK For more full episodes of The Cannabist Show: http://dpo.st/2a9VBqp ******* The Cannabist on: Twitter: www.twitter.com/cannabist Instagram: www.instagram.com/cannabistco Facebook: www.facebook.com/cannabist Online: www.thecannabist.co #AllThingsWeed