- a law that makes it legal and safe for banks to engage in business with corporate cannabis companies that are also legal as defined by the states that have passed their own recreational and medical cannabis laws -

- Should be denied because its currently not passed yet

- https://www.congress.gov/bill/117th-congress/house-bill/1996

- Passed House (04/19/2021)

- " It should just be fully legalized " - https://www.youtube.com/watch?v=HrHecD8JhfY

- Then why does the government lie to its own people to push agendas ? Why is that allowed ?

- Oh right its because nobody knows how to read anymore. or educate themselves.

- Banks violate federal law on purpose pay a slap on the wrist fine and keep engaging in behavior that ruins the lives of millions around the world yet here you are FUCKING ACTING LIKE YOUR ABOVE ALL THIS BULLSHIT.

- Naw fam. Read.

- EDIT: fentanyl is a bigger priority. Yet you would probably convince yourself that somehow overdosing millions of Americans is completely fine unchecked - https://www.washingtonpost.com/health/2022/12/22/us-life-exp...

- " The fentanyl category of opioids accounted for 53,480 preventable deaths in 2020, representing a 59% increase over the 33,725 total in 2019. "

- " Preventable drug overdose deaths increased 34.4% in 2020, from 62,172 in 2019. In 2020, 83,558 people died from preventable drug overdoses – an increase of 649% since 1999. These deaths represent 91% of the total 91,799 drug overdose deaths in the United States, which also include suicide, homicide, and undetermined intents. "

- AND BANKS CANT TAKE CASH FROM ALREADY LEGAL BUSINESSES OK DUDE. WHATEVER YOU SAY

https://www.theguardian.com/world/2011/apr/03/us-bank-mexico...

https://www.scmp.com/magazines/post-magazine/books/article/3...

https://www.icij.org/investigations/fincen-files/global-bank...

https://www.reuters.com/business/finance/us-fines-16-major-w...

https://violationtracker.goodjobsfirst.org/industry/financia...

https://www.cnn.com/2022/12/20/investing/wells-fargo-cfpb-fo...

If a criminal has a bank account, it's insane to me that that means the bank is engaged in a criminal business.

In some cases it is. Wachovia (acquired by Wells Fargo) laundered drug money: https://www.theguardian.com/world/2011/apr/03/us-bank-mexico...

> Primarily, these involved deposits of traveller's cheques in euros. They had sequential numbers and deposited larger amounts of money than any innocent travelling person would need, with inadequate or no KYC [know your client] information on them and what seemed to a trained eye to be dubious signatures. "It was basic work," he says. "They didn't answer the obvious questions: 'Is the transaction real, or does it look synthetic? Does the traveller's cheque meet the protocols? Is it all there, and if not, why not?'"

I don't see how it's insane. In fact, it seems perfectly logical to me that you can't knowingly help people commit crimes.

Encouraging legal businesses to deal in cash outside of the standard Federal banking system (with its various AML/CTF protections) seems like it's a bad thing, at least if one believes bank compliance is an important goal.

They aren't legal businesses per federal law. Federal law needs to bring them into compliance (i.e. pot should be reclassified) and the issue goes away, because then you don't have to carve out mandates to banks to work with them.

We agree! But carve-outs for banking activity are [eta: more] politically feasible in the short term and full legalization (regrettably) seems to be much farther off. The question is whether it’s better to be consistent and risk more short-term criminal activity or to solve the immediate problem.

What's the saying, there's nothing more permanent than a temporary fix?