Yet federal law still prohibits the possession, use and sale of marijuana for any reason. This dichotomy explains why some banks are reluctant to accept the large amounts of cash that pot purveyors generate -- even if the cash is legal under state law.
To redress this, U.S. Attorney General Eric Holder has
promised to issue guidelines to make it easier for marijuana
sellers who are operating in accordance with their state laws to
use the banking system. Large amounts of cash “just kind of
lying around with no place for it to be appropriately
deposited,” Holder mused, “is something that would worry me,
from a law enforcement perspective.” The fact is, Holder encouraged those bundles of unbanked cash to be assembled in the first place. Last year, perhaps in a nod to opinion polls showing that a majority of Americans favor marijuana legalization, he said the Justice Department wouldn’t seek to overturn the Colorado and Washington measures. Nor, he said, would Washington interfere with the 20 states that allow medicinal marijuana. Instead, federal drug agencies and prosecutors would leave it to local authorities to enforce marijuana laws.
All of which raises the question: When did it become
acceptable for the country’s top law-enforcement officer to
decide which federal statutes to enforce and which to ignore?
Even those who agree with the broader policy of marijuana
legalization should be left uneasy by open defiance of the rule
of law. Rest of Story
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