During an appearance Thursday at the University of Virginia, Holder said it is important from a law enforcement perspective to enable places that sell marijuana to have access to the banking system so they don’t have large amounts of cash lying around.
Currently, processing money from marijuana sales puts federally insured banks at risk of drug racketeering charges.
Because of the threat of criminal prosecution, financial institutions often refuse to let marijuana-related businesses open accounts.
The issue has taken on some urgency now that Colorado and Washington have become the first states to legalize recreational use of marijuana.
More Northwest Headlines
Stanwood man pleads guilty to stealing from Swinomish tribe GOP lawmakers want Washington to look at Planned Parenthood Poll: Just 30 percent inclined to re-elect Gov. Inslee Death penalty dropped from Carnation killings trial Salvation Army sets up charging ports for Portland homeless Spokane criminal faces 30th felony charge Police: Couple charged in Seattle dog fighting operation Activists rappel off Oregon bridge to stop Shell icebreaker
Our new comment system is not supported in IE 7. Please upgrade your browser here.