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On cue: Bemoan the bankers’ snub of marijuana merchants

Post by Patrick O'Callahan on April 30, 2012 at 11:09 pm |
April 30, 2012 6:41 pm

For wounded innocence, the medical marijuana industry brooks no rivals.

In this Seattle Times story, the people who run marijuana dispensaries complain that Washington financial institutions have grown leery of handling their money, reducing them to operating on cash. Banks = bad guys.

It seems the state’s banks are obsessing about a triviality, the fact that selling marijuana is, well, kind of against the law. Against federal law, state law, every law in sight. Seattle and Tacoma may not be interested in enforcing the law, but there’s those nasty feds. Maintaining accounts for pot merchants could get the Justice Department all riled up about a petty crime known as money-laundering.

A phrase from the immigration wars comes to mind: “What part of ‘illegal’ do you not understand?”

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