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News Focus
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nycdream

02/14/14 8:30 PM

#83175 RE: Marauder65 #83174

Never know there can be a janescard with the visa or MasterCard logo showing
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hedge_fun

02/14/14 8:51 PM

#83183 RE: Marauder65 #83174

NY Times ~ Banks REJECT new guidelines......link

Just posted an hour ago. Additional comments from earlier stories.

Still, the banking industry was quick to say that the new guidelines would not be sufficient to make banks feel at ease about opening accounts for or granting loans to marijuana businesses because the drug would still be illegal under the federal Controlled Substances Act.

http://www.nytimes.com/2014/02/15/us/us-issues-marijuana-guidelines-for-banks.html?_r=0

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hedge_fun

02/14/14 9:02 PM

#83187 RE: Marauder65 #83174

Forbes ~ Until 100% Legal, Banks to Turn Away.....

Marijuana Money

“Until congress changes federal law and acknowledges that marijuana is legal banks can’t accept any funds,” said Rob Rowe, Vice President & Senior Counsel of American Banking Association. “As much as we welcome changes to the regulations it doesn’t change the fact that it is still illegal.”

http://www.forbes.com/sites/jonathanhall/2014/01/25/until-100-legal-banks-to-turn-away-marijuana-money/