That is what the bankers want, too. They simply don't know how to get the money into deposits without someone breaking the law.
Keber laughed but quickly turned serious. “We actually have strong banking relationships,” he said. “We don’t talk about them. Asking someone about their banking is like asking them what they wear to bed at night. It’s an intensely personal question, even within the industry.” You can begin to understand why banking is such a touchy subject for the newly legal canna businesses in Colorado and Washington (as well as growers and dispensaries in the 21 states that allow medical but not recreational use of marijuana) if you consider the federal laws a financial institution violates when it does business with a state-licensed company like Keber’s....
The most viable solution to circumvent the current laws is not much different than prohibition. Get a prescription.
..."The second one was medicinal liquor. (click here) I have a bottle on my shelf at home — an empty bottle — that says Jim Beam, for medicinal purposes only. In 1917, the American Medical Association — supporting Prohibition — said there was no reason at all to use alcohol as a therapeutic remedy of any kind. Then they realized with this loophole that there was an opportunity to make some money. And capitalism abhors a vacuum. Within two or three years, you could go into virtually any city in the country and buy a prescription for $3 from your local physician and then take it to your local pharmacy and go home with a pint of liquor every 10 days. And this is really how many of the large distilleries in Kentucky and the middle of the country stayed in business throughout the Prohibition years....
Currently, the Justice Department and the Treasury Department is to bring this out into the open. The cannabis industry has already proven it can conduct business in a safe and open environment. It is time to bring potential for any state to open their doors to it's sale and bring home the illegal drug trade, prevent crime and deaths. Then the states have additional revenue as well as the federal debt.
It is silly to prolong the prohibition of cannabis. The crime rate will come down, the use will not be covert, driving still has to be safe, cartels will lose clout and maybe a legal cannabis trade will actually stem the use of illegal drugs. It is time to get it done. No state has to participate, but, can if their electorate wants it. It is just the federal government that has to get out of the way.
The most viable solution to circumvent the current laws is not much different than prohibition. Get a prescription.
..."The second one was medicinal liquor. (click here) I have a bottle on my shelf at home — an empty bottle — that says Jim Beam, for medicinal purposes only. In 1917, the American Medical Association — supporting Prohibition — said there was no reason at all to use alcohol as a therapeutic remedy of any kind. Then they realized with this loophole that there was an opportunity to make some money. And capitalism abhors a vacuum. Within two or three years, you could go into virtually any city in the country and buy a prescription for $3 from your local physician and then take it to your local pharmacy and go home with a pint of liquor every 10 days. And this is really how many of the large distilleries in Kentucky and the middle of the country stayed in business throughout the Prohibition years....
Currently, the Justice Department and the Treasury Department is to bring this out into the open. The cannabis industry has already proven it can conduct business in a safe and open environment. It is time to bring potential for any state to open their doors to it's sale and bring home the illegal drug trade, prevent crime and deaths. Then the states have additional revenue as well as the federal debt.
It is silly to prolong the prohibition of cannabis. The crime rate will come down, the use will not be covert, driving still has to be safe, cartels will lose clout and maybe a legal cannabis trade will actually stem the use of illegal drugs. It is time to get it done. No state has to participate, but, can if their electorate wants it. It is just the federal government that has to get out of the way.
