Banking Regs Are Next Hurdle For Legal Marijuana

“Cash-only businesses are prime targets for armed robberies and cash-only businesses are very difficult to audit, leading to possible tax evasion, wage theft and the diversion of resources we need to protect public safety,” Urquhart said.

DISTRICT OF COLUMBIA: The federal government is taking a hands-off approach to state marijuana legalization schemes, at least for the time being. But as Washington and Colorado begin to create the regulatory framework for legal marijuana, they may require some federal help.

Feds in Talks With Banks Over Dealing With Marijuana Business

http://mjnewsnetwork.com/6700/feds-have-no-viable-legal-challenge-to-marijuana-legalization-deputy-a-g-concedes/

DISTRICT OF COLUMBIA: The government is in talks with bank regulators to see whether financial institutions in states that have approved recreational marijuana use can do business with drug dispensaries there, a top Justice Department official said Tuesday.

Feds in Talks With Banks Over Dealing With Marijuana Business

This Las Vegas bank is eager to do business with MMJ dispensary

DISTRICT OF COLUMBIA: The government is in talks with bank regulators to see whether financial institutions in states that have approved recreational marijuana use can do business with drug dispensaries there, a top Justice Department official said Tuesday.

Senators Examine Federal Marijuana Laws As States' Rules Evolve

John Urquhart, sheriff of King County, Wash., testifies during a Senate Judiciary Committee hearing on federal marijuana policy.

DISTRICT OF COLUMBIA: In the first congressional hearing on marijuana laws since voters in Colorado and Washington state legalized pot for recreational use in November, Sen.Patrick J. Leahy (D-Vt.) called for a “smarter approach” to marijuana policy and addressed federal laws that he said impeded effective regulation of the drug in states where it was legal.

Leahy-Led Hearing Addresses Feds’ Policies On State-Legalized Marijuana

Sen. Patrick Leahy, D-Vt., at Norwich University in August.

DISTRICT OF COLUMBIA: With most of Congress consumed in a Syria maelstrom, Sen. Patrick Leahy, D-Vt., took a brief break Tuesday to chair a Senate Judiciary Committee hearing on conflicts between federal and state marijuana laws.

Senate Panel Tackles Marijuana Laws

"We must have a smarter approach to marijuana policy," Leahy, chairman of the Senate Judiciary Committee, said.

DISTRICT OF COLUMBIA: Federal laws pose “significant obstacles” to regulation of marijuana in states where it is legal and need to be addressed, Sen. Patrick Leahy, D-Vt., said Tuesday in a first-ever hearing aimed at reconciling rapidly changing state marijuana laws with a federal prohibition on the drug.

Senate Panel Tackles Marijuana Laws

"We must have a smarter approach to marijuana policy," Leahy, chairman of the Senate Judiciary Committee, said.

DISTRICT OF COLUMBIA: Federal laws pose “significant obstacles” to regulation of marijuana in states where it is legal and need to be addressed, Sen. Patrick Leahy, D-Vt., said Tuesday in a first-ever hearing aimed at reconciling rapidly changing state marijuana laws with a federal prohibition on the drug.

Act Now! Today's Senate Hearing On Pot Will Feature Truth-Impaired Kevin Sabet

State legislators are now poised to demolish a core promise of the recreational marijuana law where much of the tax revenue from sales would flow into a “dedicated marijuana fund” that would finance drug treatment and media campaigns to persuade youth to stay away from pot.

DISTRICT OF COLUMBIA: Today at 2:30pm EST, the Senate Judiciary Committee will be holding a historic hearing for marijuana reform entitled “Conflicts between State and Federal Marijuana Laws.”

Act Now! Today's Senate Hearing On Pot Will Feature Truth-Impaired Kevin Sabet

State legislators are now poised to demolish a core promise of the recreational marijuana law where much of the tax revenue from sales would flow into a “dedicated marijuana fund” that would finance drug treatment and media campaigns to persuade youth to stay away from pot.

DISTRICT OF COLUMBIA: Today at 2:30pm EST, the Senate Judiciary Committee will be holding a historic hearing for marijuana reform entitled “Conflicts between State and Federal Marijuana Laws.”

Fans Of Legal Marijuana Cheer But Opponents Speak Out Before Historic Senate Hearing On Pot

In the dash to acquire licenses and keep them in what will surely be a heavily guarded and regulated market, several pot stock companies stand to benefit.

DISTRICT OF COLUMBIA: The pros and cons of marijuna will take center stage Tuesday in Washington, D.C., when the Senate Judiciary Committee holds a landmark hearing on legalization.