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662 points JacobHenner | 1 comments | 30 Apr 24 17:32 UTC | HN request time: 0.356s | source

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aerophilic ◴[01 May 24 05:50 UTC] No.40219944[source]▶

Question: If this change goes into effect, will it effectively open up banking for all the cannabis related/cannabis adjacent companies? Seems like a really smart move to bring them into the financial system.

replies(2): >>40219965 #>>40220035 #

1. nickff ◴[01 May 24 05:52 UTC] No.40219965[source]▶

>>40219944 #

No, it won’t, as the federal government has repeatedly pressured banks to cut off banking to legal, but ‘undesirable’ industries (as well as cannabis). https://en.m.wikipedia.org/wiki/Operation_Choke_Point

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US drug control agency will move to reclassify marijuana