Right twice a day. Far less often for Fauxcahontas.
Posted on 01/03/2017 4:38:21 PM PST by Brad from Tennessee
BOSTON (AP) -- As marijuana shops sprout in states that have legalized the drug, they face a critical stumbling block - lack of access to the kind of routine banking services other businesses take for granted.
U.S. Sen. Elizabeth Warren, a Massachusetts Democrat, is leading an effort to make sure vendors working with legal marijuana businesses, from chemists who test marijuana for harmful substances to firms that provide security, don't have their banking services taken away.
It's part of a wider effort by Warren and others to bring the burgeoning $7 billion marijuana industry in from a fiscal limbo she said forces many shops to rely solely on cash, making them tempting targets for criminals. . .
(Excerpt) Read more at hosted.ap.org ...
If there were any, and I mean any, balls on the Repub side they would demand that it include ALL legal businesses.
Let's see what they think of their plan then.
Nope. We should treat those shops EXACTLY how the Obama Regime treated GUN STORES: cut off their credit, cancel their bank accounts, and queer their loans by making phone calls to bank honchos. Shut ‘em down. marijuana is still a Federal offense, and will be until it’s taken off the books. Don’t want to go after small-time possessors and potheads? FINE. Roll SWAT teams on the pot shops and pot growers in states like Colorado.
Yep, Operation Choke Point. Let’s “Choke” the weed biz, just like they treated the gun shops.
But if you're a person who wanted to try it, where the hell are you gonna' get it legally? I guess the black market is still up and running for another year.
People are getting sick and tired of the regulation games played here for everything. Hell, we even have to pay for plastic and paper bags to carry our groceries home now.
It’s not just criminals, these shops fall under the radar and many pay very little in taxes. So her efforts are not to protect the shops, but ti gain tax revenues
Here in Washington state we have to pay for paper bags. I don’t think we even have plastic bags anymore.
In the city I live north of Seattle I asked our mayor how was it decided we had to pay for paper bags? I never saw a vote.
He said, “We just decided among ourselves.”
I'm not at all surprised at that. The control freaks need to be run out of town on a rail.
Our bag purchase laws were put in place here the day after the last election. It may have been one of the ballot measures but I don't remember reading it on my ballot.
Elizabeth warren is one of the most bizarre people that I’ve ever heard of......she is really strange!!!!!
Lunatics are often “strange”.
Probably she may want to consider making banks with a known record of laundering drug money, such as HSBC, BOA, GS, etc. a cabal of government authorized laundermats.
Right twice a day. Far less often for Fauxcahontas.
It’s just a federal banking issue. I think you could still use a state-wide credit union or bank, right?
Great. It will easily cover my multiple hernias and broken back. Because he’s moving.
I agree.
Trump has already said legalization should be decided state by state.
Part of the Fauxcahontas scheme to raise money for her 2020 Presidential run ...
lol
I am pretty sure that any deposit over $10,000 MUST be reported by the bank to the FEDS within a very short time span. Perhaps 24 hours electronically.
I amso am pretty sure that large movements of CASH in or out of a bank account triggers other reporting standards.
Since pot stores are ONLY CASH operations, this could get really interesting.
The FEDS have banned the drug—and the “Indian Princess” wants to make the banks- which are under Federal regulations act like nothing is wrong.
Why? CO and WA each raked in over $1B in sales in 2016. Many cash business deposit more than $10K at a time.
Will Trump do that is the question. I am hoping so.
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