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http://www.nytimes.com/2013/08/30/us...laws.html?_r=0
The key takeaway from the Fed announcement is that banks will now be more willing to do business with pot dispensaries and growers. Before this, most banks would not touch the marijuana business for fear of prosecution under Federal statutes. Not even allowing credit cards to be used at the medical dispensaries. (at least here in california). This created a cash only business, making it ripe for abuse and criminal activity.
We'll have to wait and see if the Feds will really be hands off. But if so, the tide will turn very, very quickly. The next election will see a number of pot initiatives in states that have ballot initiatives.
It's the next gay marriage with long standing opposition among the citizens changing rapidly toward acceptance. And, when states start seeing revenue and jobs generated, they will line up one by one to legalize the herb.
That, in turn, will reduce prison populations nationwide, also aiding state budget balancing. I suspect the hardest lobbying against this to be from the private prison industry.
The key takeaway from the Fed announcement is that banks will now be more willing to do business with pot dispensaries and growers. Before this, most banks would not touch the marijuana business for fear of prosecution under Federal statutes. Not even allowing credit cards to be used at the medical dispensaries. (at least here in california). This created a cash only business, making it ripe for abuse and criminal activity.
We'll have to wait and see if the Feds will really be hands off. But if so, the tide will turn very, very quickly. The next election will see a number of pot initiatives in states that have ballot initiatives.
It's the next gay marriage with long standing opposition among the citizens changing rapidly toward acceptance. And, when states start seeing revenue and jobs generated, they will line up one by one to legalize the herb.
That, in turn, will reduce prison populations nationwide, also aiding state budget balancing. I suspect the hardest lobbying against this to be from the private prison industry.
, and they tell me the cops just laugh at Pot now and tell them in 3 years this wont matter anymore...still I tell the younger guys,,,dont be stupid,,dont carry a huge glass bowl in the car and for Godsake dont smoke Skunk while parked,,,fucing Nimrods!
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