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.