Thread Starter: Snowgirl
Title: Re: Banking Marijuana
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It is legal in our state as well both medically and recreationally. We do not bank MRBs, but wondering what others are doing if an employee of an MRB wants to open an individual account at your bank? Or if you have a large mall and one of the stores within the mall is rented to an MRB? Or an accountant that may be doing the taxes for an MRB? Or a garbage service that may pickup the garbage for an MRB? An electric company that provides electricity to an MRB? How far down do you have to drill down and not bank them. The list could go on and on. How do you address these types of relationships in your BSA Policy? Would you file SARs on them if you knew they were the CPA for that marijuana company, etc? Would you close their account or refuse to open an account for them?
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