Last week’s national day of protest by Third Act members urging banks, including local branches of Wells Fargo and CHASE Bank, to stop lending to and underwriting the fossil fuel industry, included a demonstration attended by around 60 persons in Arcata. Many attendees brought their bank cards to cut up in protest March 21, as […]
banking
Posted inLetters + Opinion
Banking and Vaping
The U.S House of Representatives will vote later this month on a bipartisan bill designed to allow cannabis businesses access to the federal banking system, House Majority Leader Steny Hoyer has told multiple media outlets. The legislation — known as the SAFE Banking Act — would lift long-standing federal rules that prohibit banking institutions from […]
Posted inLetters + Opinion
‘Fragmented and Uncoordinated’
California’s Gov. Gavin Newsom made national news last week, announcing during his State of the State address that he would be withdrawing most of the state’s National Guard troops along the U.S.-Mexico border, even as President Trump was readying to declare a national emergency. The move was seen nationally as the latest battle cry from […]
Posted inNews
Clean, Sober, Homeless
Ligia Giovannoni thought she was doing the right thing. The petite 58-year-old with dark hair and large, dark eyes brought a thick folder of paperwork to her meeting with the Journal on Nov. 15. In it was the deed to her former home at 2145 C St. in Eureka, rental agreements with the women who lived […]
Posted inLetters + Opinion
High Finance
Bye-bye bedrolls, buried coffee cans, hollow shaving cream bottles, shoe inserts — proceeds from marijuana can now be deposited in banks, according to recently loosened rules from the U.S. Department of Justice and the Financial Crimes Network. Federal laws previously prevented banks from knowingly doing business with drug dealers. Perhaps feeling icy gazes from the […]
Posted inNews
New Pot Banking Guidelines Moot in CA?
Thanks to some recent direction from the Obama administration, banks are now allowed to do business with folks who make their living in the legal marijuana trade. But, maybe not in California. In response to a growing uneasiness with the cannabis cash conundrum, spurred at least in part by the introduction of legal recreational marijuana […]