Seems like cannabis business owners in legal states are still having trouble securing their money with banks no matter who they are. Nikki Fried is a pro-medical marijuana Democrat who is currently running to become Florida’s agriculture commissioner. A few weeks ago, her bank, BB&T of Winston-Salem, sent an email saying the account had to be closed by September 5th. The candidate stated the North Carolina bank did so because of her support of medical marijuana. After Fried won her primary late last month, Wells Fargo also shut down her account citing a need to comply with federal law. The moral of the story is that there is a giant conflict of interest between the state and federal governments, and until it is properly resolved the people will continue to be impacted. Can't we all just get along?
Source: Associated Press/Marijuana Business Daily