News for hackers. Stuff that matters.

A comment on Where Pot Entrepreneurs Go When the Banks Say No. Parent comment

Re:Where Pot Entrepreneurs Go When the Banks Say No by uiri on Friday January 05, 2018 @02:15AM (#16077126)
Are local, state-chartered banks with no branches outside of their home state just as squeamish when it comes to marijuana businesses?
[ Parent | on HN ]
Re:Where Pot Entrepreneurs Go When the Banks Say No by Feniks on Friday January 05, 2018 @11:10AM (#16079430)
Banks will be blacklisted if they finance drugdealers. The US war on drugs is no joke and it is international. If your bank participates in the global financial system it can't ignore the US.
[ Parent | on HN ]
Re:Where Pot Entrepreneurs Go When the Banks Say No by UncleEntity on Friday January 05, 2018 @06:24AM (#16077952)
Feds don't care, all they have to do is find a single dollar bill printed outside the state and they have jurisdiction.
[ Parent | on HN ]
Re:Where Pot Entrepreneurs Go When the Banks Say No by asmithmd1 on Friday January 05, 2018 @08:48AM (#16078489)
Until the interstate banking act of 1994, all banks had branches only in their own state.
[ Parent | on HN ]