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Related: About this forumAll-Cash Marijuana Businesses Push For Change In Banking Law
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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All-Cash Marijuana Businesses Push For Change In Banking Law (Original Post)
Panich52
Jul 2015
OP
Several dispensaries in Colorado do take credit cards, so they've found a way.
mountain grammy
Jul 2015
#2
RussBLib
(9,035 posts)1. it does appear to be happening
S.1726 - Marijuana Businesses Access to Banking Act of 2015
snip from your story
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
(26,648 posts)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
(51,907 posts)3. Good argument for state or municipal banks. n/t