Now lets see who is behind this? Of course, the Bank Cartels!!
HUFFO-
Financial institutions and other enterprises that do business with marijuana shops that are in compliance with state laws are unlikely to be prosecuted for money laundering or other federal crimes that could be brought under existing federal drug laws, a senior Department of Justice official said Thursday.
During a briefing on the department’s new policy Thursday, the official would not fully rule out prosecution in any case, but the guidance is a reversal of administration policy that had warned banks not to work with marijuana businesses. The Justice official said that the department recognized that forcing the establishments to operate on a cash basis put them at greater risk of robbery and violence.
A three-page memo that accompanied the Thursday announcement speaks to the situation in more general terms, noting that a well-regulated, legal marijuana industry could come with a number of benefits to public safety and health. After listing a set of federal priorities — keeping pot away from kids, preventing gangs and cartels from profiting from the drug trade — the memo, authored by Deputy Attorney General James Cole, suggests that “robust” state regulation of legal marijuana “may affirmatively address those priorities by, for example, implementing effective measures to prevent diversion of marijuana outside of the regulated system and to other states, prohibiting access to marijuana by minors, and replacing an illicit marijuana trade that funds criminal enterprises with a tightly regulated market in which revenues are tracked and account for.”
© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
Which further solidifies the need for a public banks, state banks. Whatever ones opinions are of cannabis, or alcohol for that matter, TBTF famously laundered money for murderous drug cartels and terrorist groups, a very lucrative arrangement that they paid a mild fine for! Big Banks famously offer usury, predation and general levels of harm to communities, there is no need to have their corrupt hands skimming a new industry.
I agree! If I was a pot grower, and I am not, I would not trust the big banks. He he! hows about that one. NO ONE SHOULD TRUST THE BANKS.