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ASA California Roundup: February 17, 2014

Paul Marini | February 17, 2014

Contents:Message from the CA Director - Happy Presidents Day? Maybe.California News Feds unveil new guidelines for banks handling marijuana money (National) Lawmakers Push Obama to Soften Marijuana Rules (National) The US government is helping illegal pot producers destroy California’s water...

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Many institutions still leery

Paul Marini | February 16, 2014

Stephen Dinan, The Washington Times Banks can do business with marijuana sellers in states where use has been legalized either for recreational or medicinal purposes, under a new policy the Obama administration announced Friday.

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New Pot Banking Guidelines Moot in CA?

Paul Marini | February 16, 2014

Thadeus Greenson, North Coast Journal Thanks to some recent direction from the Obama administration, banks are now allowed to do business with folks who make their living in the legal marijuana trade. But, maybe not in California.

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Vow to continue pressure on Obama Administration to establish comprehensive medical marijuana policy

Paul Marini | February 15, 2014

Medical marijuana advocates are applauding a new memorandum issued Friday by the U.S. Departments of Treasury (DOT) and Justice (DOJ) giving long-awaited guidance to financial institutions, such as banks and credit unions, to provide services to marijuana-related businesses in states...

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Advocates vow to continue pressure on Obama Administration to establish comprehensive medical marijuana policy

Paul Marini | February 14, 2014

Washington, D.C. -- Medical marijuana advocates are applauding a new memorandum issued today by the U.S. Departments of Treasury (DOT) and Justice (DOJ) giving long-awaited guidance to financial institutions, such as banks and credit unions, to provide services to marijuana-related...

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Feds unveil new guidelines for banks handling marijuana money

Paul Marini | February 14, 2014

Staff, Seattle Post-Intelligencer Marijuana is still prohibited under federal law, but that hasn’t stopped 20 states and the District of Columbia from legalizing certain marijuana-related activity. That divide has raised questions over whether businesses should feel safe storing their cash...

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Obama admin: Banks can do business with marijuana sellers

Paul Marini | February 14, 2014

Stephen Dinan, The Washington Times Banks can do business with marijuana sellers in states where use has been legalized either for recreational or medicinal purposes, under a new policy the Obama administration announced Friday.

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18 in Congress Tell Obama to Give Pot a Chance

Paul Marini | February 14, 2014

Huffington Post Eighteen members of the United States Congress this week wrote a letter to President Obama asking him to reclassify cannabis from a Schedule I outlaw to a lower level that would allow medical uses.

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18 in Congress urge Obama to ease limits on pot

Paul Marini | February 13, 2014

Bob Egelko, San Francisco Chronicle Eighteen members of Congress, including sixfrom Northern California, urged President Obama on Wednesday to remove marijuana from the government's list of the most dangerous drugs and allow doctors to prescribe it.

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Letter signed by eighteen federal legislators says marijuana's current status "makes no sense"

Paul Marini | February 12, 2014

Washington, D.C. -- Eighteen Members of Congress joined together today in calling on President Obama to use his authority to reclassify marijuana from its current position as a dangerous drug, alongside heroin and LSD, with no medical value. A letter...

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