Viewing a single comment thread. View all comments

Posideoffries92 t1_j1qj8db wrote

Reply to comment by earl9z9 in WA Pot Shops are Being Targeted More by Armed Robbers by CannaChefBuz

Can the latter be done at a state level? Given most banks operate across state lines, it seems like that's a federal issue which should also have been dealt with, but generally speaking congress doesn't really do anything of value these days.

8

clownburner t1_j1qqrhe wrote

There are banks that are in-state only, but the FDIC insurance would drop them, so it’s not worth it. Congress needs to act. Would be a huge boost to the economy, too.

6

doktorhladnjak t1_j1r0xk4 wrote

Visa, Mastercard, and the debit card networks are all interstate obviously which means no paying by card. Shops are already able to use a few state chartered banks and credit unions to deposit all that cash into.

2