The Feds Might Remove A Huge Impediment To The Legal Marijuana Business

[xchrom]

http://www.businessinsider.com/feds-may-make-it-easier-for-marijuana-businesses-to-have-a-bank-account-2013-9

Following the successful passage of a constitutional amendment legalizing marijuana in Colorado last year, the cannabis industry is on track to be a fully legal state market by 2014.
Until this change, marijuana businesses have spent years growing and expanding in an adverse environment.

While legalization — and the Federal government's recent decision to step back and not interfere through drug raids — will remove some of those inhibiting effects, there's still a lot that is keeping entrepreneurs down.

Good news came this week, then, when the Justice Department announced it was reviewing its policies on banking restrictions for marijuana companies, according to NBC. This, moreso than almost any other federal action, will help the marijuana economy develop unimpeded.


Read more: http://www.businessinsider.com/feds-may-make-it-easier-for-marijuana-businesses-to-have-a-bank-account-2013-9#ixzz2eftg73mF

[B Calm]

1. I wish lawmakers in Indiana would wake up. We'll probably

be the last state in the country to legalize marijuana.

[Scuba]

2. I wouldn't be surprised to see Republican governors embrace legalization ...

... simply as a means to remaining in power.

Democrat leadership's failure to advocate for recreational legalization will come back to haunt us.

[bahrbearian]

3. Our Democratic Wash. Gov. , Inslee was againist the legalization of Pot.