RE:Cannabis is here to stay, SAFE banking should be tooDonwaan wrote: ...concerns that many lawmakers had been expressing over the Feds failure to grant master accounts to novel banks, like Four Corners Bank, a Colorado institution that was started in order to serve the needs of cannabis businesses after the state legalized recreational use in 2012. National banks have long refused to serve cannabis businesses in states where the substance is legal to use, given that it remains illicit at the federal level, saying that banking services for those who traffic in marijuana would violate anti-money-laundering laws.
Banks and the Feds stand to make a lot of $$$ off Cannabis and they know if, eventually the policies will change so they can proceed to do so.