2014-04-29
News Image: 
Treasury Secretary Jack Lew on Tuesday defended the Obama administration's guidelines to banks conducting transactions with legal marijuana sellers as congressional Republicans questioned whether the guidance amounts to tacit federal approval of a drug illegal in most states. The Justice and Treasury departments issued a roadmap in February that would allow the new businesses to make payroll, save money and pay taxes, a move that enables the legalized marijuana industry to operate in Colorado and Washington state.
Category:
Business
origin Blog:
Associated Press
origin Author:
Donna Cassata
Tags:
marijuana
Banking
federal drug laws
Colorado
Washington
medical marijuana
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