Pot rules clarified

Floyd McKay

Floyd McKay Jul 3, 2025

Feb 6, 2018

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                <h1>Pot rules clarified </h1>
                <h2><p>Under new federal guidance, some big banks won't be comfortable accepting deposits from legal marijuana businesses. Small- and medium-sized banks can probably fly under the radar since Attorney General Eric Holder is making prosecutions a low priority. According to The Seattle Times, the industry's main lobbying</p></h2>
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               <p>By <a href="/author/floydmckay-comcast-net/">Floyd McKay</a></p> 
              <p><time datetime="2025-02-04T05:00:00-08:00">Feb 6, 2018</time></p>
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            <p>Under new federal guidance, some big banks won't be comfortable accepting deposits from legal marijuana businesses. Small- and medium-sized banks can probably fly under the radar since Attorney General Eric Holder is making prosecutions a low priority. <a href="http://blogs.seattletimes.com/today/2014/02/feds-new-guidelines-for-pot-commerce-dont-put-banks-at-ease/?ref=dev.cascadepbs.org">According to The Seattle Times</a>, the industry's main lobbying group wants Congress to rewrite the laws in a way that protects big banks from pot-related prosecution. But an unidentified Treasury official tells The Times that banks have room to make individual decisions about how they handle pot industry deposits. — J.C.</p>
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Under new federal guidance, some big banks won't be comfortable accepting deposits from legal marijuana businesses. Small- and medium-sized banks can probably fly under the radar since Attorney General Eric Holder is making prosecutions a low priority. According to The Seattle Times, the industry's main lobbying group wants Congress to rewrite the laws in a way that protects big banks from pot-related prosecution. But an unidentified Treasury official tells The Times that banks have room to make individual decisions about how they handle pot industry deposits. — J.C.

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By Floyd McKay

Floyd J. McKay, professor of journalism emeritus at Western Washington University, was a print and broadcast journalist in Oregon for three decades. He is also a historian and his new book, "Reporting