DEA Wary Banks Back Away from MMJ Operations

Jun 17, 2011

Mar­i­juana dis­pen­saries in U.S. states that sell legal­ized med­ical pot are strug­gling to obtain ser­vice from banks and credit-card com­pa­nies, pres­sured by fed­eral author­i­ties who con­sider ille­gal the busi­ness esti­mated at $1.7 bil­lion annu­ally. Oper­a­tors and sup­port­ers of mar­i­juana dis­pen­saries say banks are turn­ing away their busi­ness because they risk falling afoul of anti-money-laundering and

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DEA Wary Banks Back Away from MMJ Operations

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