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Postbank Criticised For Anti-Cannabis Move


Nug of the Month: Aug 2008
The Postbank is closing down accounts held by people running 'coffee shops', the outlets which are allowed to sell small amounts of cannabis products. A bank spokesman says facilitating the trade in marijuana and hashish can no longer be considered responsible. From now on, the bank will screen new customers to check that they are not involved in the drugs trade. In a related move, sex establishments and prostitutes will only be allowed to remain with the Postbank if the have permits for their activities.

The Cannabis Retailers Union has condemned the Postbank for indulging in what it calls a hypocritically moralistic crusade. It notes that the bank is cancelling neither loans nor mortgages of people in the cannabis trade because this would cost it too much money.

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Source: Radio Netherlands Worldwide
Contact: Radio Netherlands Worldwide
Copyright: 2008 Radio Netherlands Worldwide
Website: Postbank Criticised For Anti-Cannabis Move
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