Casinos want to know if they can let people gamble with pot money
There’s lots of new weed money flowing through Nevada and other places where pot’s recently legal. But casinos on The Strip and elsewhere aren’t sure if they can let patrons gamble with it.
In an effort to clear the haze, the group that represents casinos in the U.S. sent a letter Monday asking Treasury Secretary Steven Mnuchin to clarify whether it’s cool if they accept money earned from pot businesses.
The confusion stems from an Obama-era Treasury Department directive that requires financial institutions to file a suspicious activity report (SARs) when they think money was made through weed and violates state law.
Read More at News.Vice.com