Tagged: Washington (state)

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1:36pm

Fri November 16, 2012

1:37am

Fri November 16, 2012
Planet Money

It's Legal To Sell Marijuana In Washington. But Try Telling That To A Bank.

Originally published on Mon November 19, 2012 12:03 pm

Credit David McNew / Getty Images

Voters in Washington and Colorado just approved measures legalizing marijuana for recreational use. But businesses that want to sell marijuana in those states will face a problem: No bank wants to do business with them.

I called several banks in Washington. I called a local credit union, a tiny bank in the San Juan islands. Everybody said basically the same thing. Even if selling marijuana is legal under state law, it's still illegal under federal law. And banks and credit unions worry that this could get them in trouble.

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7:58am

Thu November 15, 2012

2:31pm

Wed November 14, 2012
The Two-Way

Reps. Ron Paul, Barney Frank Ask Obama To Respect Pot Legalization Laws

Originally published on Thu November 15, 2012 5:31 am

Credit Marc Piscotty / Getty Images

Reps. Ron Paul (R-Texas) and Barney Frank (D-Mass.) are asking the White House to respect the voters of Colorado and Washington, who decided that recreational marijuana use should be legal.

In a letter sent to President Obama, they wrote:

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