Many cannabis businesses can operate only in cash — sometimes vast amounts — making them ripe targets for crime.
Most Americans live in states where marijuana is legally available in some form. But most banks want nothing to do with money from the cannabis industry for fear it could expose them to legal trouble from the federal government, which still considers marijuana illegal.“This is simple: not incorporating an $8.3 billion industry into our banking system is hurting our public safety and economy,” said California Atty. Gen. Xavier Becerra, whose state is the nation’s largest legal pot shop.
The conflict between state and federal law has left many growers and sellers in the burgeoning pot industry in a legal dilemma, shutting them out of everyday financial services such as opening a bank account or obtaining a credit card. It also has forced many businesses to operate only in cash — sometimes vast amounts — making them ripe targets for crime.
The number of banks and credit unions willing to handle pot money is growing, but they still represent only a tiny fraction of the industry.
Open a public bank, and make money to fund state programs off of fees. Two birds one stone
Yes please i want to open an architechual landscaping design firm. Green house Seedlings Garden vegies Fruiting trees Cannabis
banks wanting nothing to do with money? now that’s what i call an oxymoron!
Banks will take cartel money but not legal businesses. Lol.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
33 items you should buy at Costco — and 14 more you should skip every timeCostco blows customers away with its great value on bulk items. But not everything at the store is a good deal.
Source: BusinessInsider - 🏆 729. / 51 Read more »
33 'Avengers: Endgame' Details That Are References To Other Marvel Movie Moments33 Marvel Cinematic Universe Details That 'Avengers: Endgame' References I wanna read this so bad, but I have gold class tickets for tonight! Must...not...open... marcus_guedes New Asgard is in Tønsberg, Norway which is also where the Tesseract was hidden in Captain America: The First Avenger
Source: BuzzFeed - 🏆 730. / 51 Read more »
Couples are 33% more likely to divorce when a husband earns less than his wifeResearch suggests that society puts enormous pressure on men who earn less than their wives. oh boy Yeah. She divorces him. Women will need to adjust their expectations for a more equal society. I thought that's what feminism was all about anyways?
Source: MarketWatch - 🏆 3. / 97 Read more »
When wives earn more than their husbands, their marriage is less likely to lastResearch suggests that society puts enormous pressure on men who earn less than their wives.
Source: MarketWatch - 🏆 3. / 97 Read more »
India cyclone kills at least 33, hundreds of thousands homelessHundreds of thousands of people were left homeless after a cyclone packing winds... So sad.... Building codes created safety standards. And 33 people is an acceptable risk loss. In a country of a billion people.
Source: Reuters - 🏆 2. / 97 Read more »
33 'Family Feud' Answers That Are So Dumb, You Have To Laugh33 Dumb 'Family Feud' Answers That'll Make You Feel Like A Freaking Genius *I'm the great Dr dandex. A spell caster from south Africa out here to solve people's problem Call me* *or WhatsApp me now +2347066486424 +2348083741571 * Private mail Dandex6s7gmail.com ~*No Human Blood Involved~ NoahWolfpack WAIT HERE IT IS
Source: BuzzFeed - 🏆 730. / 51 Read more »
33 Things You Don't Need But Will Definitely Buy AnywayChip clips, cheddar cheese powder, a spinning Harry Potter pin, and more stuff that you don't need, but definitely want. I don’t have my glasses on and I swear to god I thought the girl in that picture was candybarr__
Source: BuzzFeed - 🏆 730. / 51 Read more »
The Best Backstage Instagrams From The Met Gala33 Backstage Instagrams From The Met Gala That Are Better Than The Red Carpet this event focus on clothes and not the right thing that is how this event help people edu_duardo frankgustavo augustorc ThalesPimentel Lily Collins was at the Met last year and has been several years before that. I don't think this year was her debut.
Source: BuzzFeed - 🏆 730. / 51 Read more »
Police charge man with wife's murder 33 years after her deathJohn Norton was charged in the 1985 death of his wife, Karen Norton. The population do not want to wait 33 years to find out about Trump's crimes. recently had a woman arrested for disposing her new born decades ago. apparently her brother submitted DNA to one of those heritage companies and the DNA cross-matched the dead infant's cold case A video about the meaning of life and why pride could be the most destructive force to the human race. … … … … … … … … … … … … … … … … … … … … … … … … … … … …
Source: ABC - 🏆 471. / 51 Read more »
As Panama's Cortizo holds slim election lead, rival calls for full countThe narrow race raised the possibility of an upset by Romulo Roux, 54, of the centre-right Democratic Change (DC) party, who lagged in pre-election polls behind Laurentino 'Nito' Cortizo by more than 10 points.
Source: trtworld - 🏆 101. / 63 Read more »