Marijuana banking memos from feds don’t solve all problems, advocate says


Ever since the passage of Amendment 64 in November 2012, officials and industry members alike have been concerned about the restrictions related to marijuana businesses and banking services. That’s because federal financial regulations essentially treated any transaction from such operations as money laundering.

Denver Westword

Now, after months of encouragement from Governor John Hickenlooper and others, the Departments of Justice and Treasury have issued joint memos setting out new rules. However, at least one industry representative isn’t wholly satisfied by them.
Click here to read the full text of the joint memos, and to get the reaction from Michael Roberts over at Denver Westword