alt Hacker News> but their banks/underwriters do not have a limitless appetite for risk.
I'm trying not to be snarky here, but I really can't believe anyone can truly believe this.
They almost blew up the global financial system. About once every two decades. What's the risk of accepting some transactions related to weed? (They can always charge more to offset the risk)
It's not about financial risk, it's simply an attempt to exert control over what people could do with their own money.
MJ is still very illegal federally. Presumably anyone doing business in that industry could be sued or just have the feds come down on them. I don’t think we should expect financial institutions to break the law.