Why Marijuana Businesses Need Access to Banks

By: Thursday February 6, 2014 9:01 am

This is a great article from CNBC highlighting why it is so important that state-legal marijuana businesses, both recreational or medical, need access to banks. Being forced to be  all cash businesses has made them a real target for criminals. I strongly recommended reading the whole article at CNBC: “Everyone in the industry is having [...]

Holder Promises Action on Marijuana Banking

By: Friday January 24, 2014 7:59 am

State legal marijuana business might soon get some help establishing banking accounts. During an appearance at University of Virginia, Attorney General Eric Holder promised the administration would soon release new guidance for federal law enforcement regarding marijuana banking. This presumably should make banks more willing to accept accounts from marijuana businesses. From Politico: “We’re in [...]

Washington Medical Marijuana Patients Should Be Allowed to Continue Home Growing

By: Monday October 28, 2013 10:18 am

Of all the suggestions by the three state agencies to change Washington State’s medical marijuana laws after full legalization, the one that concerned me the most was the proposal to eliminate home growing for patients. I consider this change to be both misguided and premature at this time for three main reasons.

Holder Won’t Sue to Stop State Marijuana Legalization Laws…For Now

By: Thursday August 29, 2013 11:16 am

It took almost a year but Attorney General Eric Holder has finally taken a positionon the marijuana legalization laws that voters approved in Washington State and Colorado. Holder informed the governors of both states that the Department of Justices doesn’t intend to sue the state try to stop their new laws from being implemented, but [...]

Leahy Schedules Senate Hearing to Press Obama Administration on Marijuana Policy

By: Monday August 26, 2013 9:44 am

Senate Judiciary Committee Chair Patrick Leahy (D-VT) plans to push the Obama administration on its possible response to the legalizing of marijuana in in Colorado and Washington state. Leahy has scheduled a Senate hearing on September 10th to focus on federal marijuana policy and how it affects state laws. Attorney General Eric Holder has been [...]

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