FDIC Backed Bank Accounts for Licensed Marijuana Business'

The Legal Marijuana industry has spread quickly throughout the United States. Business owners have built Successful legal operations, which brings in large amounts of state and federal tax dollars daily. However, because Marijuana is federally recognized as a Class-1 Drug, FDIC backed banks will not accept Marijuana money even in legalized states. This issue causes owners of legal operations to oversee massive amounts of cash that can not be placed in structured bank accounts. This surplus of physical cash causes theft, violence, and a movement of cash toward the black market. In order to fix the banking problem within the Marijuana industry, the classification federally of Marijuana must be altered. This would create a safer environment for all citizens, a more regulated industry, and more tax dollars that can be used to positively affect the world around us.