Wells Fargo Closes Florida Politician's Account Due To Marijuana Donations [Forbes]
Wells Fargo & Company (WFC)
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Source: Forbes
Tweet This It's well known that many banks are reluctant to open accounts for marijuana businesses out of fear of running afoul of the U.S's government's continued criminalization of the drug. But one major institution just took the financial services industry's cannabis cash paranoia a step further, saying—in what appears to be a first—that it won't do business with a political candidate because she has received donations from cannabis industry interests. PHOTO: TOM SYDOW PHOTO: TOM SYDOW Wells Fargo, the fourth-largest bank in the U.S., fired Florida agriculture commissioner candidate Nikki Fried as a client this month because her campaign has received donations from lobbyists from the medical marijuana industry, according to copies of emails her campaign made public on Monday. As part of the onboarding of the client it was uncovered some information regarding the customers [sic] political platform and that they a
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WFC
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- 5/7/24 - Form 424B2
- 5/7/24 - Form 424B2
- 5/7/24 - Form 424B2
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