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Banks Say No to Marijuana Money, Legal or Not At the largest credit union in Washington State, BECU, about 20 accounts have been shut down in the last three years after it was discovered they were for businesses in the legal marijuana trade, Todd Pietzsch, a spokesman for the credit union, said.
US banks are reluctant to provide services to marijuana business though 20 states and the District of Columbia have allowed either medical or recreational marijuana use.
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Colorado marijuana dispensaries made huge sales in the first week of legal recreational marijuana. Owners of the 37 new dispensaries around the state reported first week retail sales to The Huffington Post that, when added together, were roughly $5 million. That’s a lot of green for Colorado’s legal weed.
Basing a tax on a fictitious price means no one will ever know the correct tax. Taxpayers will spend time and money trying to beat the system, and government will spend time and money in self-defense.
By GENE JOHNSON, The Associated Press SEATTLE (AP) — After nearly a year of research, planning and public hearings, Washington state is poised to approve the rules for its new legal marijuana industry.
SPRINGFIELD, Colo. (AP) — Southeast Colorado farmer Ryan Loflin tried an illegal crop this year. He didn’t hide it from neighbors, and he never feared law enforcement would come asking about it.
During commercial breaks on local radio stations across Florida, attorney John Morgan’s voice pleads, “I want to ask you to help tens of thousands of sick Floridians.” John’s namesake law firm, Morgan & Morgan, began running the ad in September as part of a statewide citizen-driven petition to legalize medical marijuana
Governor Brown Signs California Industrial Hemp Farming Act Legalizing Hemp Farming Under State LawSeptember 28, 2013Vote Hemp and the Hemp Industries Association (HIA), the nation’s leading hemp grassroots advocacy organization and industry trade group, respectively, each working to revitalize industrial hemp production and processing in the U.S.,…
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