Posted on 02/16/2016 12:04:23 PM PST by TroutStalker
That kind of cash being brought to a non-secure facility raises safety issues, as well as practical ones - issues that the BOE and other agencies are scrambling to address as new medical marijuana laws in the state increase the amount of taxes being paid.
The BOE estimates that last year, it took in about $200m in cash payments from marijuana businesses, though it's "hard to tell" what the actual amount is, since, Runner said, "we don't always know who is a cannabis-related business".
He does know it is leading to some strange problems. The teller windows in the office, for example, do not have slots big enough for the cash-stuffed envelopes to slide through. They will have to be retrofitted to be bigger.
In the meantime, the office staff is forced to come out of their safe rooms to receive payments.
Inside the cash room at the Sacramento office, money is stored in a shiny black safe that looks straight out of the old west, with a large silver spin dial on the front and a gold Betty Boop statue on top. Though about 4ft tall, the safe still sometimes gets stuffed to capacity.
Gonna make a fun Supreme Court case.
Idiot Feds need to legalize it, or at LEAST let them deposit it and leave legalizing it up to the States.
I’m shocked that they are claiming all that income.
Cash only business with no regulation. I’m pretty sure that all the tax money isn’t getting through. It could probably be a LOT worse.
Cash only business with no regulation - as pro conservative as it gets. No?
OK, so if you have the Idiot Feds legalize it - are you going to FORCE the banks to accept illicit drug money accounts and deposits?
Much the same way the Idiot Feds FORCE businesses to conduct gay marriages?
Well, at least it is not evil tobacco.
The Nanny State goon squads are watching these dope businesses.
Which is and was the goal of libertarians and the quest for legal dope:
More government and more taxes.
Well it wouldn’t be illicit then, would it.
They are claiming what they claim.
Nobody wants to go down like Capone.
Well it wouldn’t be illicit then, would it.
______________________________________________
Yes it would. Prostitution is illicit. Even in places where it’s legalized. It still is illicit.
Illicit | Define Illicit at Dictionary.com
dictionary.reference.com/browse/illicit
Dictionary.com
not legally permitted or authorized; unlicensed; unlawful. 2. disapproved of or not permitted for moral or ethical reasons. Origin of illicit Expand.
I'm sure safety is such an overwhelming issue that the state would consider doing with the tax revenue in order protect lives.
Dirty little secret about the issue:
State of Colorado Debt Clock
http://www.usdebtclock.org/state-debt-clocks/state-of-colorado-debt-clock.html
States aren’t getting rich from it.
consider doing without the tax revenue
Operator headspace
And can you imagine if the cops stopped you (broken taillight) while you were bringing 30 or 40 large to the tax office?
They would seize that in a heartbeat. Can you say “Asset Forfeiture”?
lolol
And they cant spend it fast enough . .
Because of federal law, no bank can do business with a MM disp.
They are FORCED to be a cash-only business.
Yet they keep their paperwork and install vaults and do everything to make the government happy.
They’re paying their taxes.
Now the gov’t is mad because the money stinks?
Really?
When has the gov’t ever cared about the smell of money?
They’ve got their 30 pieces of silver in the exact way that they demanded. They can shut up about it.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.