February 14, 2014 15:41 ET

Denver Based Marijuana Business, O.penVAPE Excited and Hopeful About the New Banking Memo

DENVER, CO--(Marketwired - February 14, 2014) - Banks were given the ok Friday to offer services to the legal marijuana industry, and asked to support those law following businesses. No one could be more excited by this news as Todd Mitchem chief revenue officer and spokesperson of O.penVAPE.

"We are all excited at O.penVAPE that finally the federal government with pave the way for our job creation businesses to thrive. We are crushing stereotypes, and are the future of industry. As an industry that has already generated over 1.5 million in tax dollars for Colorado, we are prepared to build on that success while keeping our employees safe through better banking practices as well as federal support." -- says Mitchem

This historic step brings marijuana businesses closer to legitimacy in states where pot is already legal, but it needs the legislative action to actually put it to work.

"Since we had an account shut down as early as yesterday, you can imagine that we are excited by any movement which allows our thriving business to further succeed in this marketplace, but we need banks to step and help keep our people safe. Our company sells three cartridges every minute, every day. We employ over 120 people in the state of Colorado alone and those employees deserve a system of banking which supports their families and their livelihood."

To read the memo:

"It is an exciting day for our industry, our company and most importantly the people we and our licensees employ in three states. We feel like we are one step closer to the right solution."

Contact Information

  • Media Contact:
    Todd Mitchem
    Chief Revenue Officer, Spokesperson