“Banks, including state-chartered ones, are reluctant to provide traditional services to marijuana businesses. They fear that federal regulators and law enforcement authorities might punish them. The limitations have created unique burdens for legal marijuana business owners. They pay employees with envelopes of cash. They haul Chipotle and Nordstrom bags containing thousands of dollars in $10 and $20 bills to supermarkets to buy money orders. When they are able to open bank accounts — often under false pretenses — many have taken to storing money in Tupperware containers filled with air fresheners to mask the smell of marijuana.”
http://www.nytimes.com/2014/01/12/us/banks-say-no-to-marijuana-money-legal-or-not.html
Related posts:
Bank of England Says Government Should Split Up RBS, Accept Loss
'It's time to hold physical cash,' says British senior fund manager
California Democrats' blueprint for the election: 'Go left'
Judge sets $10,000 bond for cop, former deputy and civilian accused in cocaine payoffs
Spain Dismisses Catalonian Government, Dissolves Parliament, Fires Police Chief
Swiss government blocks arms sales to U.S. over human rights concerns
Gene wars: the last-ditch battle over who owns the rights to our DNA
Bitcoin Currency Use Impeded by IRS Property Treatment
56-year-old lover of married Taiwanese man faces 298 years in jail
Former Chicago cop gets 19 years in Latin Kings case
Putin: Edward Snowden ‘condemned himself to a rather difficult life’
Idaho to take over troubled privately run prison
Are we on the brink of war? 1914 past and 2014 present compared
Kim Jong-un's ex-lover 'executed by firing squad'
Police Raid Wrong House, Kill 61-Year Old Man