Read the story here. Advertise at Before It's News here.
Profile image
By Veritas Headlines
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

Obama Greenlights Marijuana Business on Federal Level (Video)

% of readers think this story is Fact. Add your two cents.

If you have been keeping track of the speed at which marijuana is breaking through barriers to legalization, 2 major breakthroughs have just occured on the Federal level. Obama’s administration first took huge step by permitting and the legalization of growing industrial hemp in the states that how have legalized marijuana and the other being allowing banks to service and loan money to legal marijuana operations.

First with Industrial Hemp, this has been seen as a big step forward because, even though hemp is legal to purchase in the states, it was not yet legal to grow because of the reputation of it’s cousin..marijuana. Prior to this bill passing it was estimated that industrial hemp sales exceeded 500 million, just think what is possible now.

More on legalization of Industrial Hemp

The recent legalization of marijuana in Colorado and Washington where State victories, just still in violation of federal law. However, a huge turning point may have just occured as the fed just provided a stamp of approval on a federal level by making it legal for banks to provide financial services to marijuana-related businesses.

This removes what had previously been the largest impediment to the growth of legal medical and now recreational marijuana businesses. This is another example of long standing social and legal norms starting to change and pick up speed as popular opinion shifts and the politicians trying to keep up.

More on Banks Loosening up Banking Restrictions for Marijuana Business:


Hockey – U.S. STOMPS Russia in Shootout!!! Putin Even More Depressed Than Usual!



Reduce Stroke Risk By 60% With Mediterranean Diet




Reduce Chance of Death by 30% With This Simple Food – Study Shows


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.