maybe they shouldn't brag, then? I have a business account at Seattle Bank and they have no clue what my business does. just the name and the business license number. I'm not selling weed, but if I was, I wouldn't tell them about it. why does my money smell so strange? pretty sure I'm an American and I don't have to answer stupid questions.
I think the State Of Washington legislature could incorporate a SOW FDIC insured bank and run all state tax collections, bills, and payrolls through it. Any corporation, business, or person could open an account.
Of course, this will not happen because the banks own our legislature as they own 48 other state legislatures. NDAK has a state-owned bank which has been in operation for decades and runs state monies through it.
@8: we have state chartered banks, which under state law could all do banking with marijuana businesses, but they are all FDIC insured (state deposit insurance disappeared nationwide in the 1980s S&L crisis). A state bank that was FDIC-insured would have exactly the same problem.
Where was that fear when many have lost every thing and the banker say: OOps did i do that?
Sorry For Inconvenience, but charges due apply. Your Friend the bank...
Of course, this will not happen because the banks own our legislature as they own 48 other state legislatures. NDAK has a state-owned bank which has been in operation for decades and runs state monies through it.