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re: US drug control agency will move to reclassify marijuana in a historic shift
Posted on 5/1/24 at 7:05 am to keakar
Posted on 5/1/24 at 7:05 am to keakar
quote:
the federal classification issue, at its heart, is about the money made from dispensaries cannot be deposited in the bank, because its a federal crime since its drug money. if they reschedule it, millions of dollars can then be deposited and transacted like any normal retail sale. right now, people have huge sums of money they must keep in a safe because there is no legal way to put that money in the bank
Just incorrect. See post above.
This all changed about 10 years ago. Of the 4000 financial institutions, there are ~600 cannabis banks, easily 2-3 per state where cannabis is legal.
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