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Justice Department Won’t Prosecute Banks for Medical Marijuana Accounts: AG Holder

By Colby Adams

Banks that maintain accounts for state-licensed medical marijuana dispensaries will not be the targets of federal prosecutions, the head of the U.S. Department of Justice said Thursday. Responding to questions from Rep. Jared Polis (D-CO) at an oversight hearing of the House Judiciary Committee that mostly revolved around the fallout from Operation Fast and Furious, U.S. Attorney General Eric Holder told lawmakers that legal marijuana dispensaries aren't a focus of the Obama administration. "Consistent with the notion of how we use our limited resources, if the bankers and the people seeking to make the deposits are acting in conformity with...

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