Obama’s Organization’s Rules to Banks

Treasury Secretary Jack Lew on Tuesday defended the Obama organization's rules to banks directing transactions with legitimate marijuana merchants as congressional Republicans addressed whether the direction adds up to implied elected support of a drug unlawful in most states. The equity and Treasury divisions issued a guide in February that might permit the new business to profit and pay imposes a move that empowers the authorized marijuana industry to work in Colorado and Washington State. (more…)

Read more
  • 0

Obama Approves Marijuana Loans

President Obama approves marijuana loans?  Yes, in a sense President Obama has taken it upon himself to pass a bill to allow the banking institutions to regulate loans for small businesses involving marijuana start ups.  The banking institutions have long wondered if they would ever be able to fund such loans as they have always worried about repercussions from the federal government.[more...]  Finally, a glimmer of hope has happened and banking institutions now have a sigh of relief now knowing they can conduct business on a legal level.  We commend President Obama for doing what is right and understanding Americans abroad conducting such businesses are not cartels nor do they conduct business with the cartels. In the scheme of things we can clearly see the federal government cluing in on things and have a better understanding of marijuana from their own law enforcement ranks & files.  Most law enforcement are not against cannabis, however, it is their position to enforce …
Read more
  • 3