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re: US drug control agency will move to reclassify marijuana in a historic shift

Posted on 4/30/24 at 2:54 pm to
Posted by Alltheway Tigers!
Baton Rouge
Member since Jan 2004
7199 posts
Posted on 4/30/24 at 2:54 pm to
quote:

Wow I didn’t realize this. Does this mean dispensaries will be able to do business with banks?


They do business with banks everyday. The entire cannabis industry does.
Posted by whoa
New Orleans
Member since Sep 2017
4638 posts
Posted on 4/30/24 at 3:18 pm to
No major bank does. Its federally illegal for them to service the cannabis industry and the ones that do, the compliance needed isn’t worth the hassle.
Posted by dgnx6
Baton Rouge
Member since Feb 2006
69050 posts
Posted on 4/30/24 at 4:25 pm to
quote:

They do business with banks everyday. The entire cannabis industry does.



Weed is federally illegal; FDIC isnt going to insure your money.






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