New Colorado law mandates state’s businesses accept cash

May 18, 2021

A bill signed by Gov. Jared Polis last week will mandate that Colorado’s retailers accept cash as payment, and not only credit cards and mobile wallets.

The legislation, titled Retail Business Must Accept Cash, goes into effect later in the summer.

Similar legislation was enacted in New Jersey in 2019. The bill includes exceptions for businesses that rely on machines to accept payments.

At the onset of the pandemic, many establishments put into effect cashless policies due to COVID-19 transmission concerns.

Sponsored by Democratic lawmakers, the bill is seen as a preemptive move to ensuring cashless policies do not become permanent across the state.

See full story at Denver 7.