Treasury Secretary Wants Banks to Accept Marijuana Money

Because Attorney General Jeff Sessions recently rescinded“>rescinded the Cole Memo, another Obama-Era policy that protected states with legal marijuana from federal prosecution, banks are even more wary about opening accounts for pot shops. They worry that the new administration will rescind the banking protections as well without warning. Mnuchin said that Sessions did not notify the Treasury Department prior to revoking the Cole Memo.

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Since its inception, TWB has been based in activism and the mobilization and movements for marijuana policy reform happening around the country. It was created for one purpose: to facilitate a constructive conversation about marijuana in America. This includes both medical and recreational marijuana policy, as well as the marijuana industry and culture.