Banks Don't Want Cannabis Cash and Neither Do Charities

Infinite Wellness Store
Infinite Wellness, a Northern Colorado dispensary that has partnered with nonprofit Team Fort Collins

While brewers in Colorado regularly donate to charities, it’s not so easy for cannabis companies to do the same.  According to the Coloradoan, part of USA Today:

Seven percent of Fort Collins nonprofits that responded to a Colorado Nonprofit Association Survey said they received a donation from the marijuana industry in 2015. The percentage was consistent with nonprofits across the state. Nearly 70 percent told the association they would accept such a donation.

The article details how Team Fort Collins, which has been providing alcohol and drug prevention services to the Fort Collins community since 1989, works with cannabis companies Infinite Wellness and Organic Alternatives.   The organization takes extra precautions to segregate the money from its general funds.

Read Sarah Jane Kyle’s “Few nonprofits know how to accept pot industry giving”:

Published by NCV Newswire
NCV Newswire
The NCV Newswire by New Cannabis Ventures aims to curate high quality content and information about leading cannabis companies to help our readers filter out the noise and to stay on top of the most important cannabis business news. The NCV Newswire is hand-curated by an editor and not automated in anyway. Have a confidential news tip? Get in touch.

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