{"id":95,"date":"2015-04-13T14:53:17","date_gmt":"2015-04-13T14:53:17","guid":{"rendered":"https:\/\/getnugg.com\/blog\/?p=95"},"modified":"2019-02-01T17:18:45","modified_gmt":"2019-02-02T01:18:45","slug":"feds-pressure-mbank-close-pot-shop-accounts","status":"publish","type":"post","link":"https:\/\/getnugg.com\/blog\/feds-pressure-mbank-close-pot-shop-accounts\/","title":{"rendered":"Feds Pressure Mbank to Close All Pot Shop Accounts"},"content":{"rendered":"<p>A bank based in Oregon was making a name for itself by being one of the few financial institutions that was working with cannabis retailers in the Pacific Northwest.<\/p>\n<p>&nbsp;<\/p>\n<p>When the bank opened an office in Colorado, the Feds stepped in. The bank was warned against it\u2019s operations crossing state lines as marijuana is still illegal under federal laws.<\/p>\n<p>&nbsp;<\/p>\n<p>The difficulty of dealing with differing compliance laws proved too much and the bank decided to close about 75 accounts that were linked to marijuana dispensaries.<\/p>\n<p>&nbsp;<\/p>\n<p>This closure is sure to make other banks think twice before entering what will surely be a lucrative market down the road.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A bank based in Oregon was making a name for itself by being one of the few financial institutions that was working with cannabis retailers in the Pacific Northwest. &nbsp; When the bank opened an office in Colorado, the Feds stepped in. The bank was warned against it\u2019s operations crossing state lines as marijuana is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":97,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1092,8,363,1084],"tags":[9,28,29],"class_list":["post-95","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-advocacy","category-cannabis","category-marijuana-dispensaries","category-marijuana-laws","tag-cannabis","tag-oregon","tag-west-coast"],"_links":{"self":[{"href":"https:\/\/getnugg.com\/blog\/wp-json\/wp\/v2\/posts\/95"}],"collection":[{"href":"https:\/\/getnugg.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/getnugg.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/getnugg.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/getnugg.com\/blog\/wp-json\/wp\/v2\/comments?post=95"}],"version-history":[{"count":0,"href":"https:\/\/getnugg.com\/blog\/wp-json\/wp\/v2\/posts\/95\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/getnugg.com\/blog\/wp-json\/wp\/v2\/media\/97"}],"wp:attachment":[{"href":"https:\/\/getnugg.com\/blog\/wp-json\/wp\/v2\/media?parent=95"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/getnugg.com\/blog\/wp-json\/wp\/v2\/categories?post=95"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/getnugg.com\/blog\/wp-json\/wp\/v2\/tags?post=95"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}