Obama administration Green Lights “The Green” Business
The Obama administration on Friday gave the banking industry the green light to finance and do business with legal marijuana sellers.
For the first time, legal distributors will be able to secure loans and set up checking and savings accounts with major banks that have largely steered clear of those businesses. The decision eliminates a key hurdle facing marijuana sellers, who can now legally conduct business in 20 states and the District.
Watch the Associated Press Video