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Insufficient Banking Remains Challenge for Legal Marijuana Industry

empty bank vault

A week ago we spoke concerning the fact our Commander in Chief looks like it’s unaware of the separation of forces.  President Obama attempted to assert that he’s powerless to assist reschedule marijuana laws and regulations.  He obviously was remedied through the reporter performing the job interview and informed the Department of Justice works best for the Leader.  Mr.  Obama is extremely wise and it is an old leader from the Harvard Law Review.  This would lead someone to think that his outward naive behavior was intentional, something that’s simply not likely to sit well with reformers and medicinal marijuana patients.

The Justice Department is shedding the ball again.  They launched a vague statement implying that marijuana collectives will get access to banking.  This has produced confusion among collective operators and it has not alleviated the worries of the bankers.  No one will risk a federal crime within the banking industry (avoid marijuana anyway).  It appears no government agency or official can simply grant us our deserved and needed privileges, father, everything appears to need to be completed in small steps.  Common sense reform only works through itching and moving for each inch, possibly as a means of letting us realize that our privileges can’t ever be easily restored.
U . s . States Attorney General, Eric Holder, lately stated recommendations instructing the banking industry regarding how to handle the accounts of marijuana collectives could be launched “soon.Inch  Unfortunately, with no occur stone law, U.S. prosecutors can ignore a memo from Mr. Holder.  Similar situations have come to light in N.Y. when former NYPD Commissioner, Ray Kelly, sent a memo out for officials to abandon “Stop and Frisk.”  Not every officer was willing to accept advice.  A memo may also be totally irrelevant to another presidential administration.
Take advantage of Rowe, a senior official using the American Bankers Association was wary the DOJ memo might have much impact.  He lately stated “From my conversations with bankers, I do not observe that there’s what you can perform that will provide a bank enhanced comfort they require until Congress changes what the law states.Inch  If the Department of Justice rescheduled marijuana, we’d be prepared to wager that might be an excellent start.  Mr. Obama has lately made head lines by his aggressive risks to make use of executive energy at the appropriate interval.  With a dysfunctional congress, he might need to determine his scope of energy, and make a move to help keep teens from jail and also to allow patients to medicate without anxiety about prosecution.

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