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Chapter 3 - (2nd Edition) CENSORED MEDICAL STUDIES |
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ADDENDUM-A
Mendo Lake Credit Union
Copy of the letter sent by the Mendo Lake Credit Union to the “Mendocino Marijuana Museum”.
MENDOLAKE CREDIT UNION[EDITORIAL NOTE – Please don’t go out ant do something stupid like throw a rock or something like that. Remember that these people are under duress and are being forced to do what they do. Thus we should see them as victims NOT something to get mad at. ]
Feb. 29, 2012
Re: MLCU’s inability to maintain accounts for businesses or individuals involving or relating to: Cannabis, Marijuana, Dispensary, Collective, Compassionate, Apothecary, or other related references.
The Mendocino Marijuana Museum Gift shop
Attn Dirk Beittel
PO Box 314
Navarro, CA 95463
Hello Mr Beittel,
It has come to our attention that your account with us is included in a group of business types that are outside of our administrative capacity. Mendo Lake Credit Union is regulated by a variety of Federal Agencies and as a result, cannot contribute to the production, sale, or distribution of unlawful activity according to Federal law. To production, sales, or distribution of unlawful activity according to Federal law. To illustrate our position, I am including a quote out of a publication titled, THE DEA POSITION ON MARIJUANA by the Drug Enforcement Agency, January 2011.. . . “Depository institutions (banks, savings and loans, etc) that knowingly avail and continue to afford their products and services to commercialized cannabis cooperatives or clubs in order to meet payroll, utilities, security, maintain leases and acquire additional merchandise, do so in violation of federal anti-money laundering statutes by promoting the specified unlawful activity of drug trafficking. “As a Federally regulated institution, we have to adhere strictly to the regulations and federal guidance we are given. I am including the web link to this publication should you like to research this yourself. http://www.justice.gov/dea/marijuana_position .pdf
Due to these circumstances we would respectfully request that you locate another commercial banking service provider on or before April 15, 2012 to serve your company’s banking needs. If you have any questions we would be happy to talk with you.
Sincerely.
Richard cooper, President/CEO
Mendo Lake Credit Union
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