Former prime minister Basdeo Panday yesterday took to social media to deny fake reports that he was dead.
You are here
US marijuana banking regulations on the way
WASHINGTON—Attorney general Eric Holder says the Obama administration is planning to roll out regulations soon that would allow banks to do business with legal marijuana sellers. During an appearance at the University of Virginia, Holder said it is important from a law-enforcement perspective to enable places that sell marijuana to have access to the banking system so they don’t have large amounts of cash lying around.
Currently, processing money from marijuana sales puts federally-insured banks at risk of drug racketeering charges. Because of the threat of criminal prosecution, financial institutions often refuse to let marijuana-related businesses open accounts. The issue has taken on some urgency now that Colorado and Washington have become the first states to legalise recreational use of marijuana.
User comments posted on this website are the sole views and opinions of the comment writer and are not representative of Guardian Media Limited or its staff.
Guardian Media Limited accepts no liability and will not be held accountable for user comments.
Guardian Media Limited reserves the right to remove, to edit or to censor any comments.
Any content which is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will be removed.
User profiles registered through fake social media accounts may be deleted without notice.