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The G-men are putting the squeeze on the banksters over pot proceeds (Image via Wikimedia)
The G-men are putting the squeeze on the banksters over pot proceeds (Image via Wikimedia)

Feds Squeeze Banks in Bid to Freeze Out Medical Marijuana [FEATURE]

The DEA and the Justice Department may have backed off -- somewhat -- on raiding medical marijuana dispensaries, but the feds have other tools in their kit, and now they're going after the banks.
Federal Correctional Institution, Englewood, CO. There may soon be room at the inn. (wikimedia.org)
Federal Correctional Institution, Englewood, CO. There may soon be room at the inn. (wikimedia.org)

Chronicle AM -- July 18, 2014

Tens of thousands of federal drug prisoners could get out early after the US Sentencing Commission votes to make guideline reductions retroactive, the Ohio Supreme Court moves to cut some crack sentences, FedEx gets indicted for shipping pills for Internet pharmacies (and not taking a deal with the feds), and more.
uscapitol2_2_0.jpg
uscapitol2_2_0.jpg

House Votes to Let Banks Take Deposits from Marijuana Businesses

In an historic vote Wednesday, the US House has approved an amendment to the Treasury Department appropriations bill barring the agency from spending any money to punish financial institutions that provide services to marijuana businesses where it is legal.
Marijuana businesses could go to the bank under a measure passed by the House today. (Drug Policy Alliance/Sandra Yruel)
Marijuana businesses could go to the bank under a measure passed by the House today. (Drug Policy Alliance/Sandra Yruel)

Chronicle AM -- July 16, 2014

The House okays marijuana banking, DC decriminalizes tomorrow, DC expands its medical marijuana program, Miami-Dade taxpayers pay for a particularly heinous killer drug raid, a lot of states did sentencing reforms last year, and more.