Where Pot Entrepreneurs Go When the Banks Say No

Re:Where Pot Entrepreneurs Go When the Banks Say No by jlarocco on Thursday January 04, 2018 @09:31PM (#16076015)

> Edit: I guess that's a potentially profitable but unfulfilled niche. Create a company that can take cash in big amounts and sell cryptocurrency. Not sure how feasible is it but that is the missing link as I see it.

That just pushes the problem down the road to somebody else, though. At the end of the day somebody's going to have a huge pile of cash, and no bank will accept it without knowing where it came from.

[ Parent | on HN ]

Re:Where Pot Entrepreneurs Go When the Banks Say No by saganus on Thursday January 04, 2018 @11:21PM (#16076503)

You have a point.

I guess this really does boil down to a federal vs state legality then?

So if it's legal in a federal level then banks should be able to accept the cash right? or would they have a "right to refuse the business because we don't like it even if it's legal at the federal and the state level"?

[ Parent | on HN ]