 feds allow banks to do business with marijuana shops currently federal law bans the sale and distribution of marijuana this has caused a problem for what are now legitimate businesses that sell and distribute marijuana in states that have legalized the practice because banks are prohibited from engaging in business with these marijuana shops the shops have been forced to operate on a cashonly basis on friday the obama administration unilaterally issued guidelines for how the banks can work with businesses that sell and distribute marijuana in states where the practice is now legal can the administration on its own legally allow banks to do this will banks be willing to go along with this directive without changes to the federal law by the congress get the details  wwwfoxnewscom politics 20140214 dojallowsbankstodolimitedbusinesswithlegalmarijuan  