On December 14, President Trump promised to liberate free markets, propel the economy, and—what else—”make America great again”—all by cutting federal red tape.
Well, apparently, Trump forgot to break the news to the burgeoning medical marijuana industry and businessmen like Joseph Friedman, the chief operations officer for PDI Medical, a dispensary in the northwest suburbs.
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“The bank’s stance is that protecting their customers is paramount,” a Bank of Springfield spokesman told reporters on April 3. “The bank will not jeopardize any of their customers by working with businesses that operate in the legal gray area.”
So in the next few weeks, Friedman, like other dispensary operators, will have to figure out where to stash the cash, so to speak, and how to pay the bills without having access to bank accounts to write checks. Not to mention it brings on new security concerns.
Not wanting to upset the Democratic base that favors legalization, but apparently too cautious to take the lead on a controversial issue, Obama opted for the middle way out.
In other words, we’re just gonna sorta—you know—look the other way, even if marijuana is all dangerous and serious.
