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Tag Archives: banking

Innovative state program helped marijuana industry

The Arizona Department of Health Services executed a swift and sane rollout of recreational marijuana just months after it was approved by voters. Now our attorney general has helped foster a way for these legal dispensaries to solve what was a highly problematic financial services challenge for the industry and a safety concern for the state.

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Banking Across the Border – South: Dollars can be a dirty word at banks on US-Mexico border

The clamor to crack down on laundering drug money was loud in 2010 when Wachovia National Bank was found to have let $110 million from Mexico be sent through its accounts. It grew two years later when HSBC Holdings PLC agreed to pay $1.9 billion to settle violations that included letting hundreds of millions of dollars from drug cartels flow through one of the worldai??i??s largest banks.

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The Power of Money (access required)

New campaign finance laws could restore clout of business community

Business interests that once served as the gatekeepers of Arizona’s elections may be regaining some of the clout they lost during the Clean Elections era.

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