News & Politics

Wells Fargo Terminates Banking Services for Florida Political Candidate Over Her Support for Medical Marijuana

The bank claims she represents a risk.

Photo Credit: Nikki Fried

Nikki Fried, a Democratic candidate for agriculture commissioner in Florida, reportedly had her campaign accounts shut down by Wells Fargo over her support for medical marijuana.

“Can you confirm the types of transactions expected for this customer & if any of the transactions will include funds received from lobbyists from the medical marijuana industry in any capacity?” a “relationship manager” for Wells Fargo wrote to the Fried campaign for on July 11th.

 

The campaign answered honestly that they have and would continue to do so.

“As a result of a recent review of your account relationships, we determined that we need to discontinue our business relationship and close the account,” the bank responded.

Medical marijuana is already legal in Florida. Fried called the bank's actions "arbitrary" and "unprecedented."

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Chris Sosa is the former Senior Editor of AlterNet. His work also appears in Mic, Salon, Care2, Huffington Post and other publications. Follow him on Twitter @ChrisSosa.