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re: US drug control agency will move to reclassify marijuana in a historic shift

Posted on 4/30/24 at 8:34 pm to
Posted by WyattDonnelly
Member since Feb 2024
187 posts
Posted on 4/30/24 at 8:34 pm to
quote:

They really just can’t accept that the “War on Drugs” has been a massive systemic failure. Give up the ghost, DEA.


This is so true.
Posted by MoarKilometers
Member since Apr 2015
18025 posts
Posted on 4/30/24 at 9:38 pm to
quote:

Try having a TWIC with that attitude.

There's no drug testing to get a twic.
Posted by OweO
Plaquemine, La
Member since Sep 2009
114015 posts
Posted on 4/30/24 at 9:44 pm to
quote:

Every heroin addict I know started smoking marijuana first


They probably also started smoking cigarettes and drinking alcohol as well. What's your point?
Posted by SwampGar
Texas
Member since Jan 2020
892 posts
Posted on 4/30/24 at 11:40 pm to
Oh dear lord, please yes. This shite is so overdue, and just a common sense move.
Posted by Alltheway Tigers!
Baton Rouge
Member since Jan 2004
7151 posts
Posted on 5/1/24 at 6:58 am to
quote:

No major bank does. Its federally illegal for them to service the cannabis industry and the ones that do, the compliance needed isn’t worth the hassle.


No major bank does because it isn’t as profitable as you think. Its federally illegal for any bank to service the cannabis industry but many due as long as its legal in the states the cannabis business are domiciled.

I know cannabis bankers from many states. I have seen their programs. None are overly complex or costly. It does take a commitment and working with the bank’s regulatory bodies, their Board of Directors and their shareholders.

Posted by Alltheway Tigers!
Baton Rouge
Member since Jan 2004
7151 posts
Posted on 5/1/24 at 7:00 am to
quote:

My buddy is a DEA agent with a drug task force that includes a few state guys and some deputies. Weed isn’t even on their radar anymore. It would have to be an epic amount being moved to even get their interest up and then it would have to be something that could lead to a bigger prize.


This. Plus, TSA doesn’t care if you are traveling with a personal amount of cannabis products. Not worth the hassle.
Posted by Klark Kent
Houston via BR
Member since Jan 2008
66977 posts
Posted on 5/1/24 at 7:02 am to
quote:

Every heroin addict I know started smoking marijuana first


quote:

They probably also started smoking cigarettes and drinking alcohol as well. What's your point?


not wrong Christopher
Posted by Alltheway Tigers!
Baton Rouge
Member since Jan 2004
7151 posts
Posted on 5/1/24 at 7:02 am to
quote:

Weed is federally illegal; FDIC isnt going to insure your money.


Incorrectly. FDIC, state and Fed regulators have never stated that. Their are billions of state legal bank transactions that happen every day and billions in deposits that are insured up to the FDIC limit.
Posted by Alltheway Tigers!
Baton Rouge
Member since Jan 2004
7151 posts
Posted on 5/1/24 at 7:05 am to
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.
Posted by keakar
Member since Jan 2017
30100 posts
Posted on 5/1/24 at 9:15 am to
quote:

Just incorrect. See post above.


try again, those canibus banks are not FDIC federally insured banks and they are not backed by the government like regular banks so the money is still not protected
This post was edited on 5/1/24 at 2:51 pm
Posted by jsmoke222000
Lake Charles
Member since Oct 2007
6213 posts
Posted on 5/8/24 at 11:19 pm to
I actually just invested in a medical marijuana cultivation facility in Mississippi.
Posted by CaptainJ47
Gonzales
Member since Nov 2007
7359 posts
Posted on 5/9/24 at 5:54 am to
They can’t stop because they need the funding source.
Posted by jsmoke222000
Lake Charles
Member since Oct 2007
6213 posts
Posted on 5/9/24 at 7:50 am to
Agreed
Posted by Captain Rumbeard
Member since Jan 2014
4162 posts
Posted on 5/9/24 at 7:53 am to
quote:

They really just can’t accept that the “War on Drugs” has been a massive systemic failure. Give up the ghost, DEA.


We're talking about the people who are still trying to fight the Soviet Union so yeah.
Posted by biglego
Ask your mom where I been
Member since Nov 2007
76498 posts
Posted on 5/9/24 at 7:55 am to
quote:

walked around Jazzfest high as a kite. It was wonderful


I openly smoked joints at jazzfest pre Katrina. Probably was not a smart idea at the time but nobody ever seemed to notice or care.
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