Washington shops for a bank to handle pot money | The Olympian

By Jordan Schrader for The Olympian

Olympia, WA — Wanted: A bank for state government. Must offer attentive customer service. Must be able to handle several deposits a day, with drop-offs of up to 40 bags at a time. Must allow an account to be overdrafted during the day by more than $1.2 billion.

Oh, and must accept proceeds from the sale of marijuana.

As Washington shops for a bank, that last demand might not be as hard to meet as it sounds.

The state’s current banker has already agreed to it, according to the state treasurer, who says despite federal restrictions Washington shouldn’t face reprisals for banking and spending the revenue that is coming soon from pot taxes and fees.

Read the complete article at TheOlympian.com.

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