Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana.

Our top story this week is a bill that would allow cannabis companies to receive federal stimulus money, and the support it has attracted.  Ballot issues continue in Florida and Montana.  The FDA is cracking down

Marijuana is estimated to be a $10 billion industry and rapidly growing. Almost all of it is conducted in cash. Although legal in thirty three states plus Washington, D.C., Puerto Rico and Guam, marijuana remains illegal at the federal level. Accordingly, financial institutions that handle proceeds from a transaction involving the distribution, manufacture or sale of marijuana would be handling illegal proceeds in violation of both federal money laundering statutes and banking regulations that prohibit such institutions from participating in any transaction or engaging in any relationship involving illegal proceeds.
Continue Reading Will Banks be Able to Play it SAFE with Marijuana Related Businesses?