We Live in High Times

By Ted Craig February 23, 2018

A recent article in the Boston Globe reports that Massachusetts is considering setting up new banks for the pot industry.

It turns out the odd way we’ve chosen to legalize pot (at the state rather than federal level) is creating problems. Traditional banks are wary of the industry and its employees because their money might be considered ill-gotten gains by the feds.

I’ve heard stories out of the Pacific Northwest that this has been an issue in auto finance, although the folks I’ve talked to out there say that’s not really true. Still, it is something to keep an eye as more and more states change their laws, but the federal government does not.

Last modified on Wednesday, 28 February 2018 16:33

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