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Holder to open banking services to pot shops

Posted on 1/24/14 at 11:52 am
Posted by PuntBamaPunt
Member since Nov 2010
10070 posts
Posted on 1/24/14 at 11:52 am
LINK /

Jan 23 (Reuters) - U.S. treasury and law enforcement agencies will soon issue regulations opening banking services to state-sanctioned marijuana businesses even though cannabis remains classified an illegal narcotic under federal law, Attorney General Eric Holder said on Thursday.

Holder said the new rules would address problems faced by newly licensed recreational pot retailers in Colorado, and medical marijuana dispensaries in other states, in operating on a cash-only basis, without access to banking services or credit.

Posted by Green Chili Tiger
Lurking the Tin Foil Hat Board
Member since Jul 2009
47522 posts
Posted on 1/24/14 at 11:53 am to
Good
Posted by Jbird
In Bidenville with EthanL
Member since Oct 2012
73403 posts
Posted on 1/24/14 at 11:53 am to
Federal law you say? Meh who gives a frick about laws?
Posted by Pilot Tiger
North Carolina
Member since Nov 2005
73140 posts
Posted on 1/24/14 at 11:54 am to
Posted by AlaTiger
America
Member since Aug 2006
21117 posts
Posted on 1/24/14 at 11:57 am to
Obama Admin wants pot legalized nationwide, so they will circumvent the law to do so by stating that they are simply supporting state laws with services.

Soon, we will have a poll that says that 50.1% of Americans agree with the legalization of marijuana, so it will be cited as the will of the American people and if you oppose it, you oppose the "law of the land."

Hilarious.
Posted by ynlvr
Rocket City
Member since Feb 2009
4583 posts
Posted on 1/24/14 at 11:59 am to
quote:

Federal law you say? Meh who gives a frick about laws?



I makes the Law!
Posted by Green Chili Tiger
Lurking the Tin Foil Hat Board
Member since Jul 2009
47522 posts
Posted on 1/24/14 at 11:59 am to
quote:

they will circumvent the law to do so by stating that they are simply supporting state laws with services.


Where are all the "states rights" flag wavers on this?
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
67527 posts
Posted on 1/24/14 at 12:00 pm to
Except if you are a Republican that makes a movie unflattering to the president.
Posted by Green Chili Tiger
Lurking the Tin Foil Hat Board
Member since Jul 2009
47522 posts
Posted on 1/24/14 at 12:03 pm to
quote:

Soon, we will have a poll that says that 50.1% of Americans agree with the legalization of marijuana


Where have you been?
Posted by LSURussian
Member since Feb 2005
126857 posts
Posted on 1/24/14 at 12:03 pm to
quote:

they will circumvent the law to do so by stating that they are simply supporting state laws with services.



Where are all the "states rights" flag wavers on this?
So now you're okay with states passing laws nullifying federal laws?

Okay, good to know......
Posted by Mo Jeaux
Member since Aug 2008
58514 posts
Posted on 1/24/14 at 12:04 pm to
quote:

Where are all the "states rights" flag wavers on this?


Posted by MFn GIMP
Member since Feb 2011
19260 posts
Posted on 1/24/14 at 12:21 pm to
Wow. Holder is doing something good.
Posted by LongueCarabine
Pointe Aux Pins, LA
Member since Jan 2011
8205 posts
Posted on 1/24/14 at 12:46 pm to
quote:

Except if you are a Republican that makes a movie unflattering to the president.



Or if you're involved in the gun business, then your bank can drop you for the legal product you sell, you have no protection.

Another instance of irony in "the most transparent Administration, ever."

LC
Posted by Sentrius
Fort Rozz
Member since Jun 2011
64757 posts
Posted on 1/24/14 at 12:49 pm to
Thankfully, they actually see the writing on the wall on this issue..

Good move for them.
Posted by Pilot Tiger
North Carolina
Member since Nov 2005
73140 posts
Posted on 1/24/14 at 12:55 pm to
quote:

Obama Admin wants pot legalized nationwide, so they will circumvent the law to do so by stating that they are simply supporting state laws with services
except that busts on medical marijuana dispensaries WENT UP under Obama compared to Bush...
Posted by Sentrius
Fort Rozz
Member since Jun 2011
64757 posts
Posted on 1/24/14 at 1:00 pm to
quote:

Obama Admin wants pot legalized nationwide, so they will circumvent the law to do so by stating that they are simply supporting state laws with services.


You have no idea WTF you're talking about.
Posted by davesdawgs
Georgia - Class of '75
Member since Oct 2008
20307 posts
Posted on 1/24/14 at 1:15 pm to
quote:

Federal law you say? Meh who gives a frick about laws?



Obviously not the Obama admin. I really don't have a huge problem with the legalization of marijuana but either legalize it or enforce the law.
Posted by C
Houston
Member since Dec 2007
27813 posts
Posted on 1/24/14 at 1:21 pm to
I really really wish we would actually use legislation to decree what is legal and what is not. I can't think of a worse way govern than by the seat of your pants. Senators and representatives from both sides should be outraged but they seem to have no care for doing their job.
Posted by Sayre
Felixville
Member since Nov 2011
5500 posts
Posted on 1/24/14 at 1:48 pm to
quote:

Where are all the "states rights" flag wavers on this?


Looking around for their second face.
Posted by rbWarEagle
Member since Nov 2009
49999 posts
Posted on 1/24/14 at 3:20 pm to
That's huge.
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