Independent Banker - June 2017 - 61
BE HEARD!
of Equalization, California's taxing
entity, receives truckloads of cash. "
Those in favor of banking
marijuana are quick to point out the
public-safety implications of billions
of unbanked dollars fl oating around.
Advocates also emphasize that normalized
banking services for MRB
will help reduce misuse of the banking
system by criminal elements.
" It's diffi cult to follow the path of
where the money is going if it's not
coming from a fi nancial institution, "
Garza points out.
" It's easier for us to keep track and
regulate the industry if it's moving
" Our position is, how
can we help community
banks if marijuana is
legal, and how can we
help guide them in the
current situation where
it is legal at the state
level? "
-LILLY THOMAS, ICBA
money that can be monitored. "
Currently, no one is sure what
tack the Trump administration will
take-whether it will introduce new
guidance or leave the guidance as
is. " The California Cannabis Banking
Working Group had hopes that
the Trump administration would
be open to working through some
of these confl icts, but [US Attorney
General Jeff] Sessions has indicated
an inclination toward enforcement, "
Haithcock says.
Ultimately, advocates agree that the
solution to banks' dilemma must be a
legislative one, with Congress reclassifying
marijuana or creating some
other legislative carve-out. " Legislation
is the only thing that will give
banks the 100 percent safety they're
looking for, " Thomas concludes.
Judith Sears is a writer in Colorado.
ICBA makes it easy for you to contact your
representatives about the current legislative issues
that could affect your community bank. Just visit
icba.org/advocacy/grassroots-be-heard!
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Independent Banker - June 2017
Table of Contents for the Digital Edition of Independent Banker - June 2017
Table of Contents
Independent Banker - June 2017 - Intro
Independent Banker - June 2017 - Cover1
Independent Banker - June 2017 - Cover2
Independent Banker - June 2017 - Table of Contents
Independent Banker - June 2017 - 2
Independent Banker - June 2017 - 3
Independent Banker - June 2017 - 4
Independent Banker - June 2017 - 5
Independent Banker - June 2017 - 6
Independent Banker - June 2017 - 7
Independent Banker - June 2017 - 8
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Independent Banker - June 2017 - 11
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Independent Banker - June 2017 - 14
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Independent Banker - June 2017 - 18
Independent Banker - June 2017 - 19
Independent Banker - June 2017 - 20
Independent Banker - June 2017 - 21
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Independent Banker - June 2017 - 24
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Independent Banker - June 2017 - 27
Independent Banker - June 2017 - 28
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Independent Banker - June 2017 - 31
Independent Banker - June 2017 - 32
Independent Banker - June 2017 - 33
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Independent Banker - June 2017 - 37
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Independent Banker - June 2017 - Cover3
Independent Banker - June 2017 - Cover4
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