Chicago firm invests in medical marijuana researcher

Lincoln Park Capital of Chicago will invest up to $27 million in a Maryland company that plans to use some of the money for medical marijuana research, the Chicago Tribune reported recently.ImageJars containing various strands of medical marijuana sit behind a display case for awaiting patients. (Anthony Souffle / Chicago Tribune)

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Video: Financial services at U.S. post office discussed w/ Bill Moller

I recently wrote about how the U.S. Postal Service is considering adding new financial products, including its own reloadable prepaid card and small loans, as a way to generate traffic and revenues as mail volumes decline, according to a report from the agency’s inspector general. It would mean competition for the payday loan industry. Bill Moller recently had me on his TV show to discuss the topic.

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Post office considering financial services

As if lines at the post office weren’t already slow:

The U.S. Postal Service is considering adding new financial products, including its own reloadable prepaid card and small loans, as a way to generate traffic and revenues as mail volumes decline, according to a report from the agency’s inspector general. It would mean competition for the payday loan industry.

What do you think of the post office adding financial services?ImagePaul J. Richards / AFP / Getty Images