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WEED NEWS

Hypocrisy On Display: Illinois Bank To Collect All Medical Marijuana Sales Taxes

Posted on November 30, 2015 at 10:25 AM

banking marijuana industry bank

Any owner of a marijuana business will tell you that a lack of banking options for the industry is a huge problem. For a very long time banks had a standing policy of not doing business with marijuana companies. Then the federal government came out with ‘guidance’ that was supposed to make banking for marijuana businesses easier. The guidelines just created more confusion than anything, and most marijuana businesses are without a bank to work with. The ones remaining can get their accounts shutdown any time.

 

So my eyebrows raised a bit when I read an article about how a bank in Illinois will collect and process all of the medical marijuana sales taxes for the..............http://www.theweedblog.com/hypocrisy-on-display-illinois-bank-to-collect-all-medical-marijuana-sales-taxes/







 

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Categories: NEW MARIJUANA NEWS*

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