Inslee, Ferguson Tell Congress To Fix Banking Rules So Legal Marijuana Can Work

One of these is more trouble than the other in Washington.

WASHINGTON: Governor Jay Inslee and Washington Attorney General Bob Ferguson want Congress to fix the banking rules or (at least) give banks confidence that they can take money from state-licensed marijuana businesses without fear of federal prosecution.

Department Of Justice Paves Way For Banks To Work With Pot Shops, Citing Public Safety

It is difficult to argue that any system that operates only in cash could be a "tightly regulated market in which revenues are tracked and account for."

DISTRICT OF COLUMBIA: Financial institutions and other enterprises that do business with marijuana shops that are in compliance with state laws are unlikely to be prosecuted for money laundering or other federal crimes that could be brought under existing federal drug laws, a senior Department of Justice official said Thursday.