National

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

Washington, DC—(ENEWSPF)—October 29, 2013.

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By Erik Altieri, NORML Communications Director

Reported this week in the Daily Herald:

Community banks and credit unions are ready and willing to provide financial services to entrepreneurs in the state’s new legal pot industry. But they aren’t able to, at least not yet.

Marijuana businesses, even ones that will soon be legally licensed in this state, are considered criminal enterprises under federal law, which makes handling their money a crime…

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