Posted On: 02/15/2014 6:13:36 PM
Post# of 519
Thanx Dangus for the DD!!!!!
Obama administration clears banks to accept funds from legal marijuana dealers
Obama administration clears banks to accept funds from legal marijuana dealers
Quote:
The Obama administration on Friday gave the banking industry the green light to finance and do business with legal marijuana sellers, a move that could further legitimize the burgeoning industry.
For the first time, legal distributors will be able to secure loans and set up checking and savings accounts with major banks that have largely steered clear of those businesses. The decision eliminates a key hurdle facing marijuana sellers, who can now legally conduct business in 20 states and the District.
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