By NCIA
|
January 6, 2016

Westword: POT CREDIT UNION WOULD “FACILITATE CRIMINAL ACTIVITY,” JUDGE RULES


Shortly after Jackson weighed in, the National Cannabis Industry Association expressed its dismay.

“This ruling sends a message loud and clear — Congress must act,” NCIA executive director Aaron Smith said in a statement. “There’s no shortcut, there’s no Band-Aid, there’s no work-around to fix this industry-wide.

“Forcing cannabis businesses to operate without banking access is a crisis, affecting public safety, law-abiding businesses,” he added, “and the state officials in charge of regulating them. It’s time for Congress to do its job and fix the problem.”

Jackson, too, feels that only the legislative branch can resolve the issue. His opinion contains the following passage: “I regard the situation as untenable and hope that it will soon be addressed and resolved by Congress.”

Read more: http://www.westword.com/news/pot-credit-union-would-facilitate-criminal-activity-judge-rules-7487195

International Business Times: Marijuana Banking: Judge Dismisses Credit Union Lawsuit Against Federal Reserve

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