My understanding is that there's a similar situation in Colorado. They've legalized marijuana at the State level, but IIRC banks fall under federal jurisdiction, so they can't touch "pot money". This leads to dispensaries having a very tempting amount of cash sitting around.
Canada's pot legalization bill to be introduced in spring 2017, minister tells UN
Thu, 2016-09-15 15:17
#402
Thu, 2016-09-15 15:52
#403
alan smithee
Just fucking reschedule it already. In 10 years,it will be legal in almost all states and most Western countries. The banks need to be obliged to accept marijuana business money. It's inevitable.
The banks sure have no problem doing business with tax dodgers.
Thu, 2016-09-15 16:58
#404
If they rescheduled it (i.e. basically decriminalized it at the federal level) then all those states who don't (yet?) want legal pot would have to rush to make possession of weed a State crime. And the States themselves seem to inevitably resent federal intrusion into "their affairs".
I think a better idea might be for dispensaries in Colorado and other "legal" states to politely inquire whether the IRS, also federal, is similarly forbidden from accepting their dirty money, and if not then how they should be running a legal business and collecting taxes if they have to keep their revenues in a cigar box.
Thu, 2016-09-15 17:21
#405
Prince of Pot Marc Emery is throwing his support behind Conservative leadership candidate Maxime Bernier.
Emery, who is a well-known cannabis activist based in British Columbia, said he saw the libertarian Bernier remark that the Conservative Party has to accept that legalization is inevitable, and Emery feels that with Bernier’s advocacy of open markets, there will be less red-tape involved in accessing marijuana once it’s legalized.
http://ipolitics.ca/2016/09/14/prince-of-pot-throws-full-support-behind-...
Thu, 2016-09-15 17:24
#406
If they rescheduled it (i.e. basically decriminalized it at the federal level) then all those states who don't (yet?) want legal pot would have to rush to make possession of weed a State crime. And the States themselves seem to inevitably resent federal intrusion into "their affairs".
I think a better idea might be for dispensaries in Colorado and other "legal" states to politely inquire whether the IRS, also federal, is similarly forbidden from accepting their dirty money, and if not then how they should be running a legal business and collecting taxes if they have to keep their revenues in a cigar box.
The IRS doesn't differentiate between legally and illegally acquired income. It's all the same to them. That is what eventually put Al Capone in jail.