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

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. [Read more…]

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

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. [Read more…]