Bank of America Will Accept Washington State Marijuana Revenue

One of the biggest hurdles that companies generating revenue in the marijuana industry have to face is finding a financial institution willing to accept them as customers. The Liquor Control Board in the state of Washington was in the same situation until the Bank of America agreed to permit them to deposit anticipated marijuana related profits in their vaults. Most banks are leery of dealing with marijuana businesses simply for the fact that under federal policy, the government views money from marijuana [...]

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