“Of concern, the SAFE Banking Act could inadvertently allow cartels to launder their ill-gotten gains––from all illegal activities––through the marijuana industry and into our federal banking system. Eric Brown, the President of the National Narcotics Officers’ Associations’ Coalition, raised a similar concern, arguing “Opening U.S. financial services to illicit activities will only make a bad situation worse by laundering the proceeds of illegal activities.”
Read the entire article, starting on page 62, here.
