Move May Force Producers to Move to a Cash-only Payment System
Santa Fe, NM—(ENEWSPF)—October 1, 2014. Eight months after the Federal Justice Department and Treasury Department announced new guidelines allowing banks to work with marijuana businesses, some of the credit unions in New Mexico sent letters to close to half of the State’s licensed medical marijuana producers saying they will no longer accept their business and proceeded with closing their accounts. The credit unions assert…
