US House passes bill giving pot businesses access to banking
The U.S. House of Representatives passed a bill Wednesday that would grant legal marijuana businesses access to banking, a measure that would clear up a longstanding headache for the industry.
The bill, called the SAFE Banking Act, passed 321-103 on the strength of near-unanimous support from Democrats and nearly half of Republicans. Its prospects in the Senate are uncertain, but supporters said the amount of Republican support in the House was a good sign.
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Because pot is still illegal on a Federal level, access for the pot industry to banking & credit card channels has been restricted. This has caused a major problem due to the problems connected with safely handling huge amounts of cash. This new legislation, if passed, will be a boon to the industry.
US House passes bill giving pot businesses access to banking
The U.S. House of Representatives passed a bill Wednesday that would grant legal marijuana businesses access to banking, a measure that would clear up a longstanding headache for the industry.
The bill, called the SAFE Banking Act, passed 321-103 on the strength of near-unanimous support from Democrats and nearly half of Republicans. Its prospects in the Senate are uncertain, but supporters said the amount of Republican support in the House was a good sign.
=================================================
Because pot is still illegal on a Federal level, access for the pot industry to banking & credit card channels has been restricted. This has caused a major problem due to the problems connected with safely handling huge amounts of cash. This new legislation, if passed, will be a boon to the industry.
Should start their own...One Cannabis Community Bank
US House passes bill giving pot businesses access to banking
The U.S. House of Representatives passed a bill Wednesday that would grant legal marijuana businesses access to banking, a measure that would clear up a longstanding headache for the industry.
The bill, called the SAFE Banking Act, passed 321-103 on the strength of near-unanimous support from Democrats and nearly half of Republicans. Its prospects in the Senate are uncertain, but supporters said the amount of Republican support in the House was a good sign.
=================================================
Because pot is still illegal on a Federal level, access for the pot industry to banking & credit card channels has been restricted. This has caused a major problem due to the problems connected with safely handling huge amounts of cash. This new legislation, if passed, will be a boon to the industry.
Should start their own...One Cannabis Community Bank
umm....
I do hope you didn't think that one through.
Should start their own...One Cannabis Community Bank
I don't know that I wish to bank from TCH afflicted bankers. Somehow, I feel they may make unsound decisions.
I don't know that I wish to bank from TCH afflicted bankers. Somehow, I feel they may make unsound decisions.
God knows, they may **** up society the same way all those drunk bankers do! :roll:
Ousted Detroit Land Bank director was drunk on job, stalked employee
"Kevin Simowski, the recently ousted head of the Detroit Land Bank and a longtime friend and political ally of Mayor Mike Duggan, was fired after coming to work drunk and threatening and stalking an upper-management employee for six months"
*snicker* Prohibition was appealed almost 100 yrs ago...is that the best ya got? Oh...and what was this guy's 'influence on society?' :roll:
Huh? Not sure what you are arguing about. Just a strange story.
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