Nicole “Nikki” Fried is a lawyer and medicinal marijuana lobbyist who has had a tough time dealing with traditional banks due to their reluctance to do business with the state-sanctioned marijuana trade, because its potential conflict with federal anti-money-laundering regulations.
While running in last month’s primary, Fried had her campaign account terminated by Wells Fargo. So she switched to BB&T, which also dropped her as a customer due to her connection to marijuana businesses, which began operating after voters overwhelmingly approved a state constitutional amendment in 2016 that legalized medicinal marijuana in Florida.
If Fried gets elected in November, she expressed interest in working with the state’s chief financial officer to find a new banking solution for the legal cannabis business.
Full Article / Source: www.mypalmbeachpost.com