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#2236180 - 05/05/20 04:39 PM Cash Withdrawal for Medicial Marijuana
Pinhead76 Offline
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Joined: May 2018
Posts: 13
Just wondering how FIs are handling cash withdrawals where a customer states the funds are for medical marijuana purchase. I have tried reading through all the FinCEN guidence and it only refers to businesses. The customer is in a state where medical is legal at this time. Any thoughts or direction where I may go?

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#2236181 - 05/05/20 04:41 PM Re: Cash Withdrawal for Medicial Marijuana Pinhead76
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,227
Galveston, TX
How much did they withdraw. You can buy a week's worth for not a lot of cash. Why would you be asking them why are they withdrawing a couple of hundred dollars?
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2236182 - 05/05/20 04:43 PM Re: Cash Withdrawal for Medicial Marijuana rlcarey
Pinhead76 Offline
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Joined: May 2018
Posts: 13
It is more than just a few hundred but below reporting. We have never had a customer provide this as a purpose of withdrawal.

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#2236242 - 05/06/20 05:12 PM Re: Cash Withdrawal for Medicial Marijuana Pinhead76
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,227
Galveston, TX
It is more than just a few hundred but below reporting.

Then why sweat it.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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