I'm curious about the timing of publishing this on the day that AG Sessions announces a return to previous DoJ practices in prosecuting violations of Federal marijuana law, specifically mentioning money laundering and money transmitting statutes. It can't be coincidence, can it? Am I missing something or does this paint a nice big bulls-eye for the feds on Safe Harbor Private Banking?
There's a brief note in the article about the rescinding of the Cole memo noting that it happened after the article was written.
Honestly it seems like this is exactly the kind of business that the Federal government would want involved in the pot business - one that's getting cash off the streets while aggressively making sure that all of it is accounted for both coming in and going out.
On the other hand, the alternative of a return to a high-cash high-risk business might not be something that Sessions et al would object to - after all, if you weren't involved in criminal activities you wouldn't have risked being robbed or assaulted and robbed. Kind of like so many other things, don't listen to what they say, look at what they do and the impacts of those actions.
