All-Cash Marijuana Businesses Push For Change In Banking Law

[Panich52]

National Memo
 
All-Cash Marijuana Businesses Push For Change In Banking Law
 
If the U.S. government doesn't get involved, then it's possible foreign -- and tribal -- governments will.
 

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http://www.nationalmemo.com/all-cash-marijuana-businesses-push-for-change-in-banking-law/?utm_source=Sailthru&utm_medium=email&utm_term=Weekend_Reader&utm_campaign=%5BSailthru%5D%20New%20Template%20-%202015-07-26&utm_content=A

[RussBLib]

1. it does appear to be happening

S.1726 - Marijuana Businesses Access to Banking Act of 2015

snip from your story

The Obama administration last year advised U.S. attorneys in states where the sale of marijuana is legal not to prosecute banks that allow pot stores to open accounts and accept credit card payments.

U.S. Treasury Department officials say that dozens of banks and credit unions across the country changed course and now do business with pot establishments. But most remain skittish, fearing the rules could easily change with a new administration in 2017.

[mountain grammy]

2. Several dispensaries in Colorado do take credit cards, so they've found a way.

many deal only in cash. Just more Congress crap.

[eridani]

3. Good argument for state or municipal banks. n/t