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Northwest Voices

Seattle Times letters to the editor

August 29, 2014 at 6:30 AM

Better credit and financing for marijuana industry

Need to operate like other commercial entities

No industry can operate safely, transparently or effectively without access to banks or other financial institutions [“Feds drag feet on banking for marijuana industry,” Opinion, Aug. 27].

While it is encouraging to see that a small but growing number of financial operators are beginning to provide necessary services to those engaged in state-compliant cannabis commerce, it is self-evident that this industry will remain severely hampered without better access to credit and financing.


 

Ultimately, the responsibility is upon Congress — not upon the U.S. Treasury Department or upon state lawmakers — to change federal policy so that this growing number of state-compliant businesses, and their consumers, may operate in a manner that is similar to other legal commercial entities.

Paul Armentano, National Organization for the Reform of Marijuana Laws, Washington, D.C.

Comments | More in Economy, Marijuana | Topics: Cannabis commerce, economy, marijuana

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