UPDATE: On Marijuana, Feds Plan To Address Banking Issue - Spokane, North Idaho News & Weather KHQ.com

UPDATE: On Marijuana, Feds Plan To Address Banking Issue

WASHINGTON (AP) - A Justice Department official says the federal government will enable financial institutions to transact business with the legitimate marijuana industry without fear of prosecution.
    
The issue has taken on greater urgency now that Colorado and Washington have become the first states to legalize recreational use of marijuana.
    
Currently, processing money from marijuana sales puts federally insured banks at risk of drug racketeering charges.
    
In an appearance before the Senate Judiciary Committee on Tuesday, Deputy Attorney General James Cole said the issue was one that the federal government needed to deal with.
    
The Justice Department announced Aug. 29 that it won't try to stop Colorado and Washington state from legalizing recreational marijuana use as long as they implement strong enforcement systems. Marijuana is an illegal drug under federal law.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Most Popular StoriesMost Popular StoriesMore>>

  • Spokane Boy Recipient of Random Act of Kindness

    Monday, December 18 2017 12:42 AM EST2017-12-18 05:42:48 GMT

    SPOKANE, Wash.- There's just something about this time of year that brings out the best in so many. One 12-year-old boy was the recent recipient of a random act of kindness. He's hopeful what happened to him will inspire others to help out strangers as well. Kai Richerson told KHQ he would do just about anything to see his mom smile. 

    >>

    SPOKANE, Wash.- There's just something about this time of year that brings out the best in so many. One 12-year-old boy was the recent recipient of a random act of kindness. He's hopeful what happened to him will inspire others to help out strangers as well. Kai Richerson told KHQ he would do just about anything to see his mom smile. 

    >>
  • Donations for Texas first grader pour in after Santa letter goes viral

    Donations for Texas first grader pour in after Santa letter goes viral

    Sunday, December 17 2017 12:37 PM EST2017-12-17 17:37:13 GMT

    EDINBURG, Texas - Hundreds of donations have flooded into a Texas elementary school after a teacher posted a 7-year-old's letter to Santa Claus on Social media Wednesday. Ruth Espiricueta taught her students the difference between wants and needs and then asked them to write a letter to Santa with two wants and one need.

    >>

    EDINBURG, Texas - Hundreds of donations have flooded into a Texas elementary school after a teacher posted a 7-year-old's letter to Santa Claus on Social media Wednesday. Ruth Espiricueta taught her students the difference between wants and needs and then asked them to write a letter to Santa with two wants and one need.

    >>
  • Spokane Police bust woman with stolen mail, meth, suspected bogus checks

    Spokane Police bust woman with stolen mail, meth, suspected bogus checks

    Sunday, December 17 2017 12:10 PM EST2017-12-17 17:10:33 GMT

    SPOKANE, Wash. - Police were called to a North Central Spokane neighborhood Saturday afternoon to investigate a report of a woman going from mailbox to mailbox in the area, taking mail from some of them.  Police responded to the 700 block of W. Knox, and found a 32-year-old woman identified as Sarha Hollowell, walking about a block away.

    >>

    SPOKANE, Wash. - Police were called to a North Central Spokane neighborhood Saturday afternoon to investigate a report of a woman going from mailbox to mailbox in the area, taking mail from some of them.  Police responded to the 700 block of W. Knox, and found a 32-year-old woman identified as Sarha Hollowell, walking about a block away.

    >>
HD DOPPLER 6i
/
  • Top Stories from KHQHomeMore>>

  • Spokane Boy Recipient of Random Act of Kindness

    Monday, December 18 2017 12:42 AM EST2017-12-18 05:42:48 GMT

    SPOKANE, Wash.- There's just something about this time of year that brings out the best in so many. One 12-year-old boy was the recent recipient of a random act of kindness. He's hopeful what happened to him will inspire others to help out strangers as well. Kai Richerson told KHQ he would do just about anything to see his mom smile. 

    >>

    SPOKANE, Wash.- There's just something about this time of year that brings out the best in so many. One 12-year-old boy was the recent recipient of a random act of kindness. He's hopeful what happened to him will inspire others to help out strangers as well. Kai Richerson told KHQ he would do just about anything to see his mom smile. 

    >>
  • "Distraught" man boards school bus, asks for ride to Quincy

    "Distraught" man boards school bus, asks for ride to Quincy

    Sunday, December 17 2017 9:10 PM EST2017-12-18 02:10:04 GMT
    "Distraught" man boards school bus, asks for ride to Quincy"Distraught" man boards school bus, asks for ride to Quincy

    EAST WENATCHEE, Wash. - An unknown man boarded an Eastmont School District bus Thursday, asking for a ride to Quincy.  Superintendent Garn Christensen says the driver finished unloading students at a stop on Route 28 when the man approached the bus.  "He boarded the bus, was distraught and did not appear well," Christensen stated in a news release. "He asked the driver to take him to Quincy. The driver told the man it was 

    >>

    EAST WENATCHEE, Wash. - An unknown man boarded an Eastmont School District bus Thursday, asking for a ride to Quincy.  Superintendent Garn Christensen says the driver finished unloading students at a stop on Route 28 when the man approached the bus.  "He boarded the bus, was distraught and did not appear well," Christensen stated in a news release. "He asked the driver to take him to Quincy. The driver told the man it was 

    >>
  • Firefighters remind public to keep fire hydrants clear of snow

    Firefighters remind public to keep fire hydrants clear of snow

    Sunday, December 17 2017 9:03 PM EST2017-12-18 02:03:42 GMT

    SPOKANE VALLEY, Wash. - When the snow falls, firefighters say there is something you should do to help first responders in emergency situations when the seconds count. Shawn Pichette with Spokane Valley Fire Department says in the winter, because of the snow, if people don’t clear the snow away from the fire hydrants, it poses an obstacle when they need to attack a fire. The snow can also weigh down tree limbs blocking them from view. While their engines do carry 500 gallons of ...

    >>

    SPOKANE VALLEY, Wash. - When the snow falls, firefighters say there is something you should do to help first responders in emergency situations when the seconds count. Shawn Pichette with Spokane Valley Fire Department says in the winter, because of the snow, if people don’t clear the snow away from the fire hydrants, it poses an obstacle when they need to attack a fire. The snow can also weigh down tree limbs blocking them from view. While their engines do carry 500 gallons of ...

    >>