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Mrblabla

08/12/20 9:32 PM

#71203 RE: DWillie #71201

Sure, financial transactions services NOT Federally regulated Banks...And why would any federally regulated banks allow for a Costello to come in and take away revenue without a battle. Listen I loved the concept of whiz-kid finding a method to bypass the Banking Industry for Marijuana..BUT I would love to see the proof...especially after a year into this? AT this point it's not happening.

e-ore

08/12/20 10:01 PM

#71209 RE: DWillie #71201

PBC is not a financial institution. It's just a trade name, a "dba," possibly a fraudulent front for money that ended up in GRN Funds accounts, as documented by the court case. It's not a "bank." There are no "branches." From testimony in front of the senate banking committee in July 2019

Following up with you directly about a bank issue my company, JadeHouse Extractions, had. We
had an account with a branch of a bank called Pacific Banking Corp and had an awful
experience, almost went to the point of litigation. Most of the time we couldn’t wire money out
on time and when we tried making deposits wouldn’t deposit them into our account on time and
essentially made every move we tried to make extremely difficult and would take over a week at
times. It got to the point where they would not let us make any wires out at all (mind you we had
no debit/credit card or other way to move money in or out of our account). They didn’t officially
freeze the account but they made it so it was not possible for us to access the money in the
account. It got to the point where we essentially felt like we were a hostage to the bank. Took
several weeks until we were able to finally wire our money out of that account and close it.
We’ve been struggling/scared to try and find another solution since."

https://www.merkley.senate.gov/imo/media/doc/19.07.23%20CANNABIS%20BANKING%20PERSONAL%20STORIES.pdf