Feds Advise Banks to Spy on Medical Marijuana Dispensaries, Users

[eridani]

http://www.nationofchange.org/feds-advise-banks-spy-medical-marijuana-dispensaries-users-1393344094


Guidelines published in mainstream media now expose the federal government’s aim to spy on users of medical marijuana and the sellers of the substance, though use of the substance is becoming legal in one state after another. Why?

While banks receiving the OK on working with marijuana businesses, these banks are also going to be required to gather information on medical marijuana customers, supposedly to prevent the selling of the substance to minors, so that ‘improper transactions’ are not occurring, and to keep marijuana from going across state lines. The feds also use scare tactics to ‘keep banks from being prosecuted’ when dealing with marijuana sellers, though they will be operating legally within their states.

Department of Justice spokeswoman, Allison Price, said:

“These guidelines, together with the Treasury Department’s guidance to financial institutions, are intended to increase the availability of financial services for marijuana businesses—that are licensed and regulated — while at the same time preserving and enhancing important law enforcement tools.”

This seems like odd advice coming from the feds since some of the biggest banks have been known for laundering money from drug sales. HSBC violated the Bank Secrecy Act and laundered millions from drug money in Mexico, and numerous banks have been given a free pass from the feds for money laundering for years, now, J.P. Morgan, and Chase, among them.

[hobbit709]

1. Pay cash for your stash.

[eridani]

2. That will work for you. For dispensaries that wind up with huge piles of cash on their premises--

--not so much.