{"id":2608,"date":"2014-02-07T01:03:12","date_gmt":"2014-02-07T01:03:12","guid":{"rendered":"http:\/\/www.marijuana.net\/?p=22006"},"modified":"2014-02-07T01:03:12","modified_gmt":"2014-02-07T01:03:12","slug":"lack-of-banking-continues-to-be-challenge-for-legal-marijuana-industry","status":"publish","type":"post","link":"https:\/\/cannitrol.com\/blog\/lack-of-banking-continues-to-be-challenge-for-legal-marijuana-industry\/","title":{"rendered":"Insufficient Banking Remains Challenge for Legal Marijuana Industry"},"content":{"rendered":"<div id=\"wp_fb_like_button\" style=\"margin:5px 0 5px 5px;float:right;height:100px;\"><script src=\"http:\/\/connect.facebook.net\/en_US\/all.js#xfbml=1\"><\/script><fb:like href=\"https:\/\/cannitrol.com\/blog\/lack-of-banking-continues-to-be-challenge-for-legal-marijuana-industry\/\" send=\"true\" layout=\"standard\" width=\"450\" show_faces=\"false\" font=\"arial\" action=\"like\" colorscheme=\"light\"><\/fb:like><\/div><p><img loading=\"lazy\" width=\"176\" height=\"122\" src=\"http:\/\/www.marijuana.net\/wp-content\/uploads\/empty-bank-vault.jpg\" class=\"attachment-post-thumbnail wp-post-image\" alt=\"empty bank vault\" title=\"empty bank vault\" \/><\/p>\n<p><a rel=\"attachment wp-att-22007\" href=\"http:\/\/www.marijuana.net\/news-and-articles\/lack-of-banking-continues-to-be-challenge-for-legal-marijuana-industry\/attachment\/empty-bank-vault\/\"><img loading=\"lazy\" class=\"alignleft size-thumbnail wp-image-22007\" title=\"empty bank vault\" src=\"http:\/\/www.marijuana.net\/wp-content\/uploads\/empty-bank-vault-150x122.jpg\" alt=\"\" width=\"150\" height=\"122\" \/><\/a><a href=\"http:\/\/www.marijuana.net\/news-and-articles\/marijuana-industry-news-2\/\" target=\"_blank\">A week ago <\/a>we spoke concerning the fact our Commander in Chief looks like it&#8217;s unaware of the separation of forces. \u00a0President Obama attempted to assert that he&#8217;s powerless to assist reschedule marijuana laws and regulations. \u00a0He obviously was remedied through the reporter performing the job interview and informed the Department of Justice works best for the Leader. \u00a0Mr. \u00a0Obama is extremely wise and it is an old leader from the <a href=\"http:\/\/www.harvardlawreview.org\/index.php\" target=\"_blank\">Harvard Law Review<\/a>. \u00a0This would lead someone to think that his outward naive behavior was intentional, something that&#8217;s simply not likely to sit well with reformers and medicinal marijuana patients.<\/p>\n<div><\/div>\n<div>The Justice Department is shedding the ball again. \u00a0They launched a vague statement implying that marijuana collectives will get access to banking. \u00a0This has produced confusion among collective operators and it has not alleviated the worries of the bankers. \u00a0No one will risk a federal crime within the banking industry (avoid marijuana anyway). \u00a0It 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. \u00a0Common sense reform only works through itching and moving for each inch, possibly as a means of letting us realize that our privileges can&#8217;t ever be easily restored.<\/div>\n<div><\/div>\n<div>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 &#8220;soon.Inch \u00a0Unfortunately, with no occur stone law, U.S. prosecutors can ignore a memo from Mr. Holder. \u00a0Similar situations have come to light in N.Y. when former NYPD Commissioner, Ray Kelly, sent a memo out for officials to abandon &#8220;Stop and Frisk.&#8221; \u00a0Not every officer was willing to accept advice. \u00a0A memo may also be totally irrelevant to another presidential administration.<\/div>\n<div><\/div>\n<div>Take advantage of Rowe, a senior official using the<a href=\"http:\/\/www.aba.com\/Pages\/default.aspx\" target=\"_blank\"> American Bankers Association<\/a> was wary the DOJ memo might have much impact. \u00a0He lately stated &#8220;From my conversations with bankers, I do not observe that there&#8217;s what you can perform that will provide a bank enhanced comfort they require until Congress changes what the law states.Inch \u00a0If the Department of Justice rescheduled marijuana, we&#8217;d be prepared to wager that might be an excellent start. \u00a0Mr. Obama has lately made head lines by his aggressive risks to make use of executive energy at the appropriate interval. \u00a0With 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.<\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p><img loading=\"lazy\" width=\"176\" height=\"122\" src=\"http:\/\/www.marijuana.net\/wp-content\/uploads\/empty-bank-vault.jpg\" class=\"attachment-post-thumbnail wp-post-image\" alt=\"empty bank vault\" title=\"empty bank vault\" \/><\/p>\n<p><a rel=\"attachment wp-att-22007\" href=\"http:\/\/www.marijuana.net\/news-and-articles\/lack-of-banking-continues-to-be-challenge-for-legal-marijuana-industry\/attachment\/empty-bank-vault\/\"><img loading=\"lazy\" class=\"alignleft size-thumbnail wp-image-22007\" title=\"empty bank vault\" src=\"http:\/\/www.marijuana.net\/wp-content\/uploads\/empty-bank-vault-150x122.jpg\" alt=\"\" width=\"150\" height=\"122\" \/><\/a><a href=\"http:\/\/www.marijuana.net\/news-and-articles\/marijuana-industry-news-2\/\" target=\"_blank\">A week ago <\/a>we spoke concerning the fact our Commander in Chief looks like it&#8217;s unaware of the separation of forces. \u00a0President Obama attempted to assert that he&#8217;s powerless to assist reschedule marijuana laws and regulations. \u00a0He obviously was remedied through the reporter performing the job interview and informed the Department of Justice works best for the Leader. \u00a0Mr. \u00a0Obama is extremely wise and it is an old leader from the <a href=\"http:\/\/www.harvardlawreview.org\/index.php\" target=\"_blank\">Harvard Law Review<\/a>. \u00a0This would lead someone to think that his outward naive behavior was intentional, something that&#8217;s simply not likely to sit well with reformers and medicinal marijuana patients.<\/p>\n<div><\/div>\n<div>The Justice Department is shedding the ball again. \u00a0They launched a vague statement implying that marijuana collectives will get access to banking. \u00a0This has produced confusion among collective operators and it has not alleviated the worries of the bankers. \u00a0No one will risk a federal crime within the banking industry (avoid marijuana anyway). \u00a0It 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. \u00a0Common sense reform only works through itching and moving for each inch, possibly as a means of letting us realize that our privileges can&#8217;t ever be easily restored.<\/div>\n<div><\/div>\n<div>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 &#8220;soon.Inch \u00a0Unfortunately, with no occur stone law, U.S. prosecutors can ignore a memo from Mr. Holder. \u00a0Similar situations have come to light in N.Y. when former NYPD Commissioner, Ray Kelly, sent a memo out for officials to abandon &#8220;Stop and Frisk.&#8221; \u00a0Not every officer was willing to accept advice. \u00a0A memo may also be totally irrelevant to another presidential administration.<\/div>\n<div><\/div>\n<div>Take advantage of Rowe, a senior official using the<a href=\"http:\/\/www.aba.com\/Pages\/default.aspx\" target=\"_blank\"> American Bankers Association<\/a> was wary the DOJ memo might have much impact. \u00a0He lately stated &#8220;From my conversations with bankers, I do not observe that there&#8217;s what you can perform that will provide a bank enhanced comfort they require until Congress changes what the law states.Inch \u00a0If the Department of Justice rescheduled marijuana, we&#8217;d be prepared to wager that might be an excellent start. \u00a0Mr. Obama has lately made head lines by his aggressive risks to make use of executive energy at the appropriate interval. \u00a0With 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.<\/div><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2376,52,119,371,9,51,591,70,281,750,394,1,3,2377,61],"tags":[4941,2632,2697,2949,2631,3164,5,2859,3323,2972,4942,6],"_links":{"self":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/posts\/2608"}],"collection":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/comments?post=2608"}],"version-history":[{"count":0,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/posts\/2608\/revisions"}],"wp:attachment":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/media?parent=2608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/categories?post=2608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/tags?post=2608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}