The dysfunction between state and federal jurisdiction of cannabis is shown in no harsher light than the failure of a Colorado district court to acknowledge the dangers in handling the large sums of money generated by the cannabis industry without a bank.
If only there were an organization that developed national, third-party standards specific to the cannabis industry that all stakeholders could support. There is such an organization and it is FOCUS. Adoption of FOCUS standards nationally would provide a safe, level playing field in which regulators, bankers, insurers, investors, industry, patients, consumers and the public could all gain confidence in the industry’s legitimacy.
http://abcnews.go.com/US/wireStory/judge-pot-credit-union-access-nations-banking-system-36109938