GREY:CHALF - Post by User
Post by
cloreenbaconskinon Nov 03, 2015 8:59am
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Post# 24253104
Banks and MJ companies
Banks and MJ companiesSome FI's in the US are accepting money from MJ companies. Only a small fraction of all FI's are doing this but it may gradually expand.
https://www.pewtrusts.org/en/research-and-analysis/blogs/stateline/2015/1/5/states-find-you-cant-take-legal-marijuana-money-to-the-bank
The Department of the Treasury allows banks to accept funds from MJ companies as long as certain guidelines are followed:
https://www.fincen.gov/statutes_regs/guidance/pdf/FIN-2014-G001.pdf