Federal Government To Issue New Guidelines For Banks Dealing With Legal Marijuana Businesses

Now that marijuana for recreational use is doing booming business in Colorado where it’s legal(with Washington State to join it eventually) the federal government is getting around to answering some weighty questions. Namely, how will it deal with the revenue coming in from pot sales?

United States Attorney General Eric Holder said yesterday that the federal government is working on new regulations that would make it easier in those states for businesses dealing in legal marijuana to have access to banks, reports USA Today, which is likely welcome news in Colorado and Washington.

Holder told an audience at the University of Virginia that Justice and Treasury department officials will soon issue the new guidelines in order to try to help banks decide what to do in situations involving legal marijuana businesses.

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