Opening Banks to Marijuana Business

DenverPost.comBy The Denver Post Editorial Board The U.S. Department of Justice offered some encouragement last week that the conflict between banking regulations and pot businesses could be solved. Anyone who cares about public safety should hope the agency succeeds. Medical Marijuana News – THCbiz

Read More

Feds in Talks With Banks Over Marijuana Business

The government is in talks with bank regulators to see whether financial institutions in states that have approved recreational marijuana use can do business with drug dispensaries there, a top Justice Department official said Tuesday. The announcement came nearly two weeks after the Justice Department decided it won’t take legal action against Colorado and Washington, […]

Read More

Conservatives Fight Marijuana Taxation

In front of the U.S. Capitol Thursday, two congressmen discussed H.R. 2240, the Small Business Tax Equity Act, a little known bill introduced in June by Oregon Democrat Earl Blumenauer to allow deductions and credits relating to expenditures for marijuana sales conducted in compliance with state law. The bill, according to GovTrack.Us, has a 0% […]

Read More

Answers Sought for When Marijuana Laws Collide

A deputy attorney general told the Senate Judiciary Committee on Tuesday that the Justice Department had begun working with Treasury officials and financial regulators to clarify how it legally deals with banks and other businesses that serve marijuana dispensaries and growers in states that have legalized the drug for medical or recreational use. The deputy […]

Read More