<|begin_of_text|><|begin_of_text|><|begin_of_text|>Colorado legislators have narrowly voted in a bill that would establish state-run financial services for marijuana sellers, in an effort to ease the cash-only burden afflicting commercial weed distributors.
The bill, which is pending approval from Colorado Governor John Hickenlo<wm>oper, would allow state-licensed dispensaries to access banking services, and potentially expand their offerings to include check deposit and wire transfer services, while maintaining cash handling and record-keeping practices. Officials have been under pressure since Colorado began restricting its marijuana sales in January.

According to the bill language, the Department of Revenue, in consultation with the Department of Financial Institutions, has identified several financial institutions that can handle state-approved financial transactions. These institutions include:

* Existing financial institutions licensed to serve the cannabis industry by</wm> the Department of Revenue.
* State-approved online payment processors, such as Western Union and PayPal.
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