GRN Holding Corp (GRNF)

[DWillie]

That is correct. Banks are under federal jurisdiction. As long as the US law says it's illegal, regardless of what the State Law is, banks are subject to money laundering and RICO prosecutions.

In fact, every single asset, cash and real estate from pot companies operating "legally" today could be seized by the feds at ANY TIME, without notice, including bank deposits. No wonder banks won't deal with pot companies. This is why it's high risk and high volatility to invest in this sector.

This is why NASDAQ won't list Marijuana Related Businesses operating in the USA. They can't take the risk of forfeiture of assets.