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Federal guidance on pot business leaves banks wary
Seattle PI / Associated Press ^ | 2/15/2014 | GENE JOHNSON

Posted on 02/15/2014 1:48:31 PM PST by steve86

SEATTLE (AP) — For marijuana dispensaries around the country, the days of doing business in cash — driving around with bill-stuffed envelopes to pay the rent, or showing up at a state revenue office with $20,000 in paper bags for the tax man — can't end soon enough.

(Excerpt) Read more at seattlepi.com ...


TOPICS: Government; News/Current Events; US: Colorado; US: Washington
KEYWORDS: bankamerica; banking; banks; executivebranch; executiveorders; illegal; marijuana; pot; ruleoflaw; setup; trojanhorse
Only very brief excerpt allowed from AP

Photo of Colorado bulk product at link

Other non-AP photos:


1 posted on 02/15/2014 1:48:31 PM PST by steve86
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To: steve86

It just gets easier and easier for them to ignore the law....


2 posted on 02/15/2014 1:54:24 PM PST by neodad (USS Vincennes (CG-49) Freedom's Fortress)
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To: steve86

marijuana dispensaries!!...?...


Could be the future the populace is kept SO HIGH they have no idea who is Vice Pres or Sec of State...

WAIT!!.... seems to be the problem currently..
NEVERMIND....


3 posted on 02/15/2014 1:55:04 PM PST by hosepipe (This propaganda has been edited to include some fully orbed hyperbole..)
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To: hosepipe

OR... even cares............................


4 posted on 02/15/2014 1:56:42 PM PST by hosepipe (This propaganda has been edited to include some fully orbed hyperbole..)
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To: steve86

If I were to smoke it, I would grow my own.
The government is just salivating!!!$$$$$$$$$$$$$$$$$


5 posted on 02/15/2014 1:57:16 PM PST by right way right (America has embraced the suck of Freedumb.)
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To: hosepipe

Huh?
Dude........?!
DUuuuuuude.....!


6 posted on 02/15/2014 1:59:03 PM PST by right way right (America has embraced the suck of Freedumb.)
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To: steve86

Easier to confiscate from the bank. No messy SWAT raids.


7 posted on 02/15/2014 1:59:40 PM PST by gundog (Help us, Nairobi-Wan Kenobi...you're our only hope.)
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To: right way right
If I were to smoke it, I would grow my own.

Just so no other Washington residents get the wrong idea, personal grows are not legal here even after the stores open. It isn't feasible to tax indoor gardens, obviously.

8 posted on 02/15/2014 2:04:08 PM PST by steve86 (Some things aren't really true but you wouldn't be half surprised if they were.)
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To: steve86

I suppose this affects dispenseries nation-wide. There are a great number of them here in CA and a great deal of them regularily get robbed for their cash.


9 posted on 02/15/2014 2:13:02 PM PST by umgud (2A can't survive dem majorities)
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To: steve86

Didn’t the government also tell banks to make mortgage loans to non-qualifying individuals and then fined the banks for losing the money.


10 posted on 02/15/2014 2:29:37 PM PST by jyro (French-like Democrats wave the white flag of surrender while we are winning)
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To: steve86

That is some potent looking bud dude...


11 posted on 02/15/2014 2:34:57 PM PST by refermech
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To: refermech

I really wouldn’t know. Doesn’t look all that elegant as a plant, though. What do they do — crush and dry that stuff “flowers” at the top?


12 posted on 02/15/2014 2:38:06 PM PST by steve86 (Some things aren't really true but you wouldn't be half surprised if they were.)
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To: steve86

Yup, then smoke it. Inhale deeply and hold your breath for a while. Do this about 3 times with stuff this potent and it puts you in another state so to speak. I don’t do it any more.
Sobriety is best. Not to mention it just isn’t good to put any kind of smoke in your lungs.


13 posted on 02/15/2014 2:43:34 PM PST by refermech
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To: steve86
I spent 35 years as a banker. Banks and their regulators annoy me and the danger of doing any kind of business with them cannot be underestimated,

When the feds closed the last bank where I worked (nothing wrong with it BTW) U.S. Marshalls and State Cops showed up to contain and detain the employees.

Body armor, select-fire weapons, the whole assault team thing.

14 posted on 02/15/2014 2:51:06 PM PST by elkfersupper
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To: elkfersupper

Scary. Sounds like story deserves a thread in itself.


15 posted on 02/15/2014 2:53:05 PM PST by steve86 (Some things aren't really true but you wouldn't be half surprised if they were.)
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To: steve86
Scary. Sounds like story deserves a thread in itself.

I would do that if there was a link available.

I also spent the next 90 days as an indentured servant to the FDIC. Had to show up and sign in when they told me and was not able to leave until "released".

It was a foreign, new and frightening experience for me.

16 posted on 02/15/2014 3:02:05 PM PST by elkfersupper
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To: steve86

If The Won says you can break the law why worry about the courts? /s


17 posted on 02/15/2014 3:35:05 PM PST by TigersEye (Stupid is a Progressive disease.)
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To: steve86

Everyone is afraid Obama will suddenly start imprisoning people for things he said were OK. They are still illegal.

Like giving illegal insurance policies to people because Obama said they could. Or laundering marijuana money, a violation of Federal law. Or possessing marijuana, again a Federal crime. Or helping aliens invade the country.

Of course, the next president could elect to enforce our laws. He isn’t restricted to crimes that occur during his terms.


18 posted on 02/15/2014 4:52:19 PM PST by gitmo (If your theology doesn't become your biography, what good is)
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To: elkfersupper

My wife worked at Columbia Savings and Loan when the Feds seized it, early 90’s. The S&L had shuttered one of their two adjacent buildings, as a cost cutting measure, six months earlier. The day the Feds showed up, they came in heavy, like a ton of bricks - to the vacant building. It took a few minutes for them to realize their mistake. When they crossed the street to the actual headquarters, they encountered a bunch of gals on their cigarette break, barely able to contain their giggles. Too bad it was before cell phone video ;)


19 posted on 02/15/2014 6:12:49 PM PST by jttpwalsh
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