SHOW me the facts on med. MJ being a crime, for that matter, show the law that states it is a crime
UNDER a definitive amount of MJ....now if U r talking about DEALERS and massive street quantity,THAT
is a different animal
homeagain wrote: SHOW me the facts on med. MJ being a crime, for that matter, show the law that states it is a crime
UNDER a definitive amount of MJ....now if U r talking about DEALERS and massive street quantity,THAT
is a different animal
The Feds don't care if it is used for recreational or medical use. I can't believe you don't know this. In fact, Colorado Marijuana businesses aren't allowed to use banks. So when they have to pay utility and insurance bills they have to use cash. One ounce is a felony.
Thomas Sowell: There are no solutions, just trade-offs.
" ABA Position
Currently, thirty-five states, the District of Columbia, Guam and Puerto Rico have all legalized the use of marijuana to some degree. Yet the possession, distribution or sale of marijuana remains illegal under federal law, which means any contact with money that can be traced back to state marijuana operations could be considered money laundering and expose a bank to significant legal, operational and regulatory risk.
In addition to growers and retailers, there are vendors and suppliers, landlords and employees that are indirectly tied to the cannabis industry, thus posing legal risk for banks serving such entities and individuals, as indirect connections to marijuana revenues are hard, if not impossible, for banks to identify and avoid.
