That’s not the reason why banks are refusing to give accounts to the Marijuana Industry. The reason is Marijuana is still illegal under Federal Law — the guys that can shut down and take over banks with just a stroke of a pen. They don’t want to open themselves up to God-Knows-What the Federal Government may do when it changes its mind.
-Feds have no jurisdiction in this matter per the constitution.
-Commerce clause should not apply for plants grown within a state for personal use or sales to residents of that same state.
-Just like with guns, the feds
-Medical pot has been legal in some states since 1996.
We have a bought corrupt government. It is unavoidable when so much power is in the hands of a few. An entity can hand a few $million to a few reps/regulators/etc and those edicts can push $billions to their side. All enforced at the barrel of a gun by scary trigger-happy shocktroops(SWAT).
*-Just like with guns, the feds should allow the states to make the majority of rules.