Pullout Oct 22, 2014 at 4:00 am

Giant Banks Don't Want Drug Cash Because They Are Terrified of the Federal Risks—So What Are Pot Businesses Doing with Their Dough?

Comments

1
Nobody cares.
2
maybe they shouldn't brag, then? I have a business account at Seattle Bank and they have no clue what my business does. just the name and the business license number. I'm not selling weed, but if I was, I wouldn't tell them about it. why does my money smell so strange? pretty sure I'm an American and I don't have to answer stupid questions.
4
@2 - If your business was essentially all cash in large volumes, they might very well investigate what the nature of your business was.
5
But they are violating our state's constitution by discriminating against other businesses with state licenses, no? Potcoin.
6
I understand that many medical dispensaries accept credit/debt cards now, so apparently there is some positive movement.
7
Where was that fear when they brought the economy to it's knees.



Where was that fear when many have lost every thing and the banker say: OOps did i do that?



Sorry For Inconvenience, but charges due apply. Your Friend the bank...
8
I think the State Of Washington legislature could incorporate a SOW FDIC insured bank and run all state tax collections, bills, and payrolls through it. Any corporation, business, or person could open an account.



Of course, this will not happen because the banks own our legislature as they own 48 other state legislatures. NDAK has a state-owned bank which has been in operation for decades and runs state monies through it.
9
@8: fuck banks: they are intrinsically anti-For-ALL-the-People. http://www.litecoin.info
10
@8: we have state chartered banks, which under state law could all do banking with marijuana businesses, but they are all FDIC insured (state deposit insurance disappeared nationwide in the 1980s S&L crisis). A state bank that was FDIC-insured would have exactly the same problem.
11
http://www.potcoin.com AND STOP VOTING FOR ANTI-CANNABIS CANDIDATES. Pfft!
12
in all reality, the feds cant do a damn thing. they would lose all credibility if they cracked down, especially since dc is in the game now!

Please wait...

and remember to be decent to everyone
all of the time.

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