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Banks Willing to Work With Marijuana Business, But Waiting for Federal Clarification

October 30th

OLYMPIA, WA — Many banks in Washington State are willing to provide financial services to the state’s new recreational marijuana industry, but are unable to under current federal law. Reported this week in the Daily Herald: Marijuana businesses, even ones that will soon be legally licensed in this state, are considered criminal enterprises under federal […]

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Feds May Help Marijuana Businesses Get Banking Services

September 11th

WASHINGTON, DC – U.S. law enforcement agencies are in talks about steps they may take under federal law to allow legal marijuana businesses to have access to bank accounts, a Justice Department official said on Tuesday. Deputy Attorney General James Cole said at a Senate Judiciary Committee hearing that the existing situation of marijuana shops operating […]

Read Feds May Help Marijuana Businesses Get Banking Services in its entirety on The Daily Chronic.

Want to stay up to date on marijuana reform & cannabis news worldwide? Visit The Daily Chronic - The Voice of the Reform Generation, the most comprehensive coverage of the cannabis community!

SOURCE: Feds May Help Marijuana Businesses Get Banking Services by

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admin has written 2733 posts on What Is Marijuana?

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