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Started By
Message
OT Lawyers, investment in out-of-state legal marijuana business...
Posted on 1/23/14 at 9:39 pm
Posted on 1/23/14 at 9:39 pm
Hypothetically speaking, would it be legal for someone in Louisiana to invest in a business which either grows or dispenses marijuana legally? I'm talking strictly monetary support.
Ftr, this is just for curiosity's sake.
Ftr, this is just for curiosity's sake.
6
Posted on 1/23/14 at 9:52 pm to Guava Jelly
Probably not bc federal law. 
Posted on 1/23/14 at 9:57 pm to Guava Jelly
I think your problem would be with the banks. I've read that banks in Colorado and Washington are reluctant to take money from dispensaries due to federal laws.
Posted on 1/23/14 at 9:57 pm to Guava Jelly
(no message)
This post was edited on 1/23/14 at 11:17 pm
Posted on 1/23/14 at 9:58 pm to biglego
I was speaking more about the not so distant future in which it will be federally legal.
Posted on 1/23/14 at 9:58 pm to biglego
(no message)
This post was edited on 1/24/14 at 12:00 am
Posted on 1/23/14 at 10:00 pm to Guava Jelly
quote:
in which it will be federally legal.
Who knows when the hell that is going to happen?
Posted on 1/23/14 at 10:02 pm to Guava Jelly
A small investment in food trucks, say in Boulder, should yield pretty good dividends.
Posted on 1/23/14 at 10:03 pm to Peazey
quote:
Who knows when the hell that is going to happen?
That's why it is hypothetical. I don't have the time, money or inclination to get anything like that started. Just for my own edification.
Posted on 1/23/14 at 10:15 pm to Guava Jelly
You mean if the Feds legalized but La didn't? So if you invested could you be charged in La for conspiracy or something like that? Doubt it but some shithead DA in Caddo or St Tammany would prob try.
Posted on 1/23/14 at 10:23 pm to tigerpimpbot
quote:
A small investment in food trucks, say in Boulder, should yield pretty good dividends.
It should be a combination of Taco Bell and Waffle House + delivery.
You're welcome for your first million.
Posted on 1/23/14 at 11:15 pm to SW2SCLA
Poster above correct. "Banks" are the issue. Upon applying for said loan they want u to sign off saying the money is not being used in violation of state and federal law. While legal in said state (colo), still remains "illegal" under federal law, which causes most investors "pause" before applying / accepting money from the banks.
Will attempt to post pics from an investment passed on by a client of mine. Grow house in Colorado. He said every plant actually had a barcode attached for regulation purposes!
Will attempt to post pics from an investment passed on by a client of mine. Grow house in Colorado. He said every plant actually had a barcode attached for regulation purposes!
Posted on 1/23/14 at 11:18 pm to Buddy Red
Excuse my ignorance. How do I post a pic from say Dropbox? Tried searching, no luck
Posted on 1/23/14 at 11:19 pm to Guava Jelly
You can purchase stock right now in Advanced Cannabis Solutions (CANN). They're up over 400% YTD.
ETA: It's OTC though.
ETA: It's OTC though.
This post was edited on 1/23/14 at 11:20 pm
Posted on 1/23/14 at 11:36 pm to Buddy Red
His hypo says Feds have legalized it
Posted on 1/23/14 at 11:43 pm to tigerpimpbot
quote:
A small investment in food trucks, say in Boulder, should yield pretty good dividends.
Posted on 1/23/14 at 11:43 pm to Corkfather
Cool, gonna drop a dime tomorrow
Posted on 1/23/14 at 11:44 pm to bpinson
quote:
Cool, gonna drop a dime tomorrow
If you make some big, Microsoft IPO-type money don't forget where the tip came from.
Posted on 1/23/14 at 11:45 pm to Guava Jelly
nb4 Rebel
Posted on 1/24/14 at 12:24 am to Corkfather
Check out HEMP and ENDX too.
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