Wells Fargo Closes Florida Politician’s Account Due To Marijuana Donations

Tom Angell:

It’s well known that many banks are reluctant to open accounts for marijuana businesses out of fear of running afoul of the U.S’s government’s continued criminalization of the drug.

But one major institution just took the financial services industry’s cannabis cash paranoia a step further, saying—in what appears to be a first—that it won’t do business with a political candidate because she has received donations from cannabis industry interests.