Banks in the Kansas City area will face a unique situation now that Missouri voters legalized medical marijuana.
While growing, processing, shipping and selling marijuana will be legal under Missouri's newest constitutional amendment, banks are subject to federal laws that still consider marijuana to be an illegal business. So banks nationwide have avoided doing business with any of these companies.
The bigger, more perplexing question for banks: How do they deal with customers who are legitimate…
Banks in the Kansas City area will face a unique situation now that Missouri voters legalized medical marijuana.
While growing, processing, shipping and selling marijuana will be legal under Missouri's newest constitutional amendment, banks are subject to federal laws that still consider marijuana to be an illegal business. So banks nationwide have avoided doing business with any of these companies.
The bigger, more perplexing question for banks: How do they deal with customers who are legitimate…