Gov't lets banks, marijuana sellers do business

[babsbunny]

http://hosted.ap.org/dynamic/stories/U/US_LEGALIZING_MARIJUANA_BANKS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT

By PETE YOST
Associated Press

WASHINGTON (AP) -- The Obama administration on Friday gave banks a road map for doing business with legal marijuana sellers without getting into trouble, a major step by the federal government toward enabling a legalized marijuana industry to operate in states that approve it.

The guidance issued by the Justice Department and Treasury Department was intended to make banks feel more comfortable working with legal marijuana businesses that are licensed and regulated, while preserving the government's enforcement power.

[JaneyVee]

1. Talk about HIGH yield returns.