• CO weed stores consider turning to Indian Reservations for credit

    by  • November 13, 2012 • News Stories • 0 Comments

    “While there are no laws on the books preventing banks from doing business with marijuana firms… banks concerned about the bottom line will nonetheless sever relationships with those operations on their own, just as credit-card companies have… But for people who are part of the green rush, the most intriguing opportunity might lie… with Indian tribal governments. …Attorney Robert Corry brought up the possibility of working with Indian-owned banks. “Their treaties supersede federal laws,” he pointed out. And as sovereign nations, Indian reservation could work with marijuana businesses with no fear of federal oversight.” Patricia Calhoun at the Denver Westword

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    Steve maintains Marijuana Monitor from Oakland, California. Having grown up in the East Bay and studied at UCLA, he's had ample exposure to contemporary marijuana culture and the policy debate surrounding the issue. He believes that now, more than ever, is the time for clear-headed discussion about pragmatics.

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