Colorado Banks Discriminate Against Dispensaries

As of last week, there is not a single bank in Colorado that will openly deal with a medical marijuana dispensary. This comes as shocking news to the patient and caregiver community, as well as local law officials, who worry about increased crime due to cash transactions.

Many dispensary owners have made statements about this new development, saying they're not quite sure what they're going to do in response. They obviously can't securely deal with large amounts of cash, especially when dispensaries have already been targets for thieving in the past.

The turn of banks against the Colorado marijuana community came slowly. Up until Friday, September 30, 2011, there was still one institution that was willing to deal with dispensaries. That bank has since given into pressure and has now closed all of those accounts.

The pressure in this situation seems to be coming from the federal government, which has been contacting banks and threatening them. Officials have been throwing accusations of conspiracy and illegal drug distribution in the faces of banks in order to scare them out of their business relationships with local dispensaries.

This kind of bullying is a really sneaky and unjust move on the part of the federal government. Despite the opinion of local voters, the federal government will not listen to logical arguments in support of medical marijuana.

This is only one of the steps the federal government is taking to attack the medical marijuana community, as this news in the banking industry comes shortly after news of a memo which restricts the second amendment rights of prescription holders.

Patients are outraged, and worried about what steps the federal government will take next. Will they hear the will of the people, or will they blindly follow their outdated agenda?