Shield Banks that Deal with Medical Marijuana Industry: The Federal Government Should Clearly State That Banks Won't Be Targeted for Doing Business with Legal Pot Producers (Opinion)
The Denver Post opines that as Colorado embarks on the laborious process of writing rules for the medical marijuana industry, it is clear that regulators would be in a much better position to enforce the complex new law if they had banking records to review. Unfortunately, that is becoming more difficult as banks, concerned that marijuana is still illegal under federal law, shy away from holding accounts for medical marijuana businesses.
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