Holder announces bank regulations for cannabis industry
Last edited Wed Mar 5, 2014, 01:24 PM - Edit history (1)
The Obama administration will soon announce regulations that allow banks to do business with legal marijuana sellers, Attorney General Eric Holder said Thursday.
"You don’t want just huge amounts of cash in these places. They want to be able to use the banking system," Holder said during an appearance at the University of Virginia's Miller Center. "There’s a public safety component to this. Huge amounts of cash—substantial amounts of cash just kind of lying around with no place for it to be appropriately deposited is something that would worry me, just from a law enforcement perspective."
Read more: http://www.politico.com/blogs/under-the-radar/2014/01/holder-feds-to-let-banks-handle-pot-money-181777.html
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this is change we can believe in.
else was right.
I'm not one of those people, and I have a good memory. You were right, and so far so good.
...I'll take it.
In fact, I think it would be FUCKING AWESOME if this change in the law creates a mood of positivity for people and helps to create new jobs, entire new industries dedicated to a move to a sustainable, sometimes carbon neutral, and always biodegradeable product to replace the waste we now create.
time to give mother earth something back - like carbon capture, phytoremediation, etc.... oh amber waves of hemp, baby. 
To implement the legislation to regulate and tax cannabis at the federal level, to remove cannabis from the controlled substances act and put it under control of Alcohol, Tobacco, Firearms and Marijuana.
If federal Democrats hold hearings on this as state level democrats introduce their own legislation, that will help educate for state-level legislation.
The Obama administration has said, basically, that it supports the federal legislation.
Thanks, Obama!
