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illegal_alias

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Re: $UPERMAN post# 675

Monday, 11/03/2014 8:57:40 AM

Monday, November 03, 2014 8:57:40 AM

Post# of 869
It was in February that they got the green light. In addition to the reasons you cited, they are also leery of potential money laundering and the fact that MJ still isn't legal at the federal level. Given the size of the MMJ market I don't think the big boys will get into this. I think it will stay with smaller local banks that make loans to small business like MBNC.

What was the bank you spoke to? I assume from you remarks that it is also a smaller community or regional bank.

Anyway, a great development for MBNC as they will also benefit from their first-mover status in this field.


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