Talk:Cole Memorandum

Scans?
I wonder if we could get scans of the docs by Cole or Sessions? --- Another Believer ( Talk ) 01:28, 5 January 2018 (UTC)
 * Wow, you are fast! --- Another Believer ( Talk ) 02:27, 5 January 2018 (UTC)

Banking under Cole
Proposed text and perhaps a graph to add in a new section for the relationship between Justice and Treasury. There's actually a whole lot of sources out there, enough for expansion way beyond what I put here.


 * Banking regulations issued by the United States Department of the Treasury Financial Crimes Enforcement Network (FinCEN) in 2014 referred to the Cole Memo and both "clarifie[d] how financial institutions can provide services to marijuana-related businesses" and provided regulated banks and credit unions a list of "red flags" for any activity that "implicates [non-compliance with] one of the Cole Memo priorities". Under the 2014 FinCEN guidance, hundreds of U.S. banks and credit unions were allowed to provide banking services to the marijuana industry by 2017. Based on information received from Department of the Treasury to a newspaper's public records request, in 2017 a single credit union in Seattle had over 300 such customers. As of the date of the 2018 Sessions memo, industry did not have new guidance from Treasury Department. Politico stated on the day Sessions' memo was issued that the 2014 FinCEN guidance "remains on the books". On January 11, 2018, FinCEN issued a brief statement that the 2014 banking guidance "remains in place".