Even if that happens, a memo might not be enough to persuade most banks to accept marijuana-related clients, said Don Childears, president and CEO of the Colorado Bankers Association.
"Banks have been told they should not be handling these accounts, so they're more than nervous," said Mr. Childears. "You really need a federal statute. But politically, I don't think members of Congress in either party want to be perceived as being soft on drugs."
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