Wells Fargo closes Florida candidate's account over potential contributions from medical marijuana industry

Democratic commissioner of agriculture candidate Nikki Fried said she'd accept donations from the industry.

click to enlarge Wells Fargo closes Florida candidate's account over potential contributions from medical marijuana industry

According to a Washington Post story, a Democratic candidate for Florida's commissioner of agriculture position (a post currently held by this guy) had her campaign account closed by Wells Fargo after she said she'd accept donations from the state's legal medical-marijuana industry.

Apparently it was the bank itself that inquired whether or not candidate Nikki Fried would accept campaign contributions from the constitutionally legalized industry. When asked why the account was closed, a representative responded that “it is Wells Fargo’s policy not to knowingly bank or provide services to marijuana businesses or for activities related to those businesses, based on federal laws under which the sale and use of marijuana is illegal even if state laws differ.”

The Post story called the move "highly unusual."

At a press conference on Monday, Fried reportedly called Wells Fargo's actions "emblematic of what is wrong with our government and politics today," and claimed she was being punished for "voicing support of a law that is literally codified in the Florida constitution.”

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