Haha "Banks now will be loaning out cash for the weed sector soon." is it now or soon? Definitely not now, soon maybe years away.
Banks balk on marijuana money despite US guidelines http://www.cnbc.com/id/101433431 Many praised the move as giving financial institutions "the green light" to finally serve the multibillion dollar cannabis industry. But the nation's bankers don't see it that way.
They say the guidance from the Department of Justice and the Department of Treasury doesn't change the fact that possession or distribution of marijuana violates federal law, and any bank that supports those illegal activities could be prosecuted or sanctioned.
(Read more: US issues new rules on banks and legal marijuana)
The Colorado Bankers Association called the guidance a red light. The association's senior vice president, Jenifer Waller, said the government outlined "all the risks involved of banking the marijuana industry" and "made it very clear that financial institutions can still face criminal liability."
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