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Small Light at the End of the Tunnel for Weed Industry’s Banking Hassles

Category: News | Posted on Sat, July, 8th 2017 by THCFinder

Banking has been a pain in the collective butt of the legal weed industry.

With medical or recreational weed legal in more than half the country, wouldn’t you think the Federal Reserve would be dying to get its hands on some of the green being generated?

The federal government’s stubborn insistence on keeping cannabis a Schedule 1 drug adds to the confusion that has produced a sickly gray area, exposing the millions who work in the industry to an endlessly confusing, inconvenient and, worse yet, dangerous legal situation.

“This business environment is an invitation to tax fraud, robberies, money laundering and organized crime,” lawmakers wrote in a letter at the end of last year in the hope of convincing the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) to lighten up.

Banking has been a pain in the collective butt of the legal weed industry. With medical or recreational weed legal in more than half the country, wouldn’t you think the Federal Reserve would be dying to get its hands on some of the green being generated? The federal government’s stubborn insistence on keeping cannabis a Schedule 1 drug adds to the confusion that has produced a sickly gray area, exposing the millions who work in the industry to an endlessly confusing, inconvenient and, worse yet, dangerous legal situation. “This business environment is an invitation to tax fraud, robberies, money laundering and organized crime,” lawmakers wrote in a letter at the end of last year in the hope of convincing the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) to lighten up.

Read More:http://hightimes.com/news/small-light-at-the-end-of-the-tunnel-for-weed-industrys-banking-hassles/


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What strain are you smoking on today?

Category: Fun | Posted on Fri, July, 7th 2017 by THCFinder


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How 2 Grad Students Rewrote Nevada’s DUI Laws on Pot

Category: News | Posted on Fri, July, 7th 2017 by THCFinder

In these dark days of science denial, or as some call it, willful ignorance, it’s encouraging when the work of a couple of grad students is taken so seriously that it changes one of the many erroneous laws on marijuana.

Two students at Touro University Nevada came to an important conclusion after their professor instructed the medical jurisprudence class to design a project involving medical law and public health and to participate in a poster competition.

“We were actually drawing a blank on what our project could be… when we read something in the paper about voters going to the polls on recreational marijuana,” said Charles Cullison who worked with Graham Lambert on the class project.

“We started to look into it, and it really developed,” added Cullison.

Read More:http://hightimes.com/news/how-2-grad-students-rewrote-nevadas-dui-laws-on-pot/


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The Hot Chick - You Can Put Your Weed In There

Category: Videos | Posted on Fri, July, 7th 2017 by THCFinder


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Nevada sees green as marijuana dispensaries make $1 million in first few days

Category: News | Posted on Fri, July, 7th 2017 by THCFinder

The state of Nevada stands to make about a million dollars in tax revenue from just the first few days of retail marijuana sales, according to preliminary sales figures announced Wednesday by the Nevada Dispensary Association.

Nevadans voted last November to legalize marijuana, and state regulators had authorized a total of 44 dispensaries to sell recreational pot by the time the law took effect at 12:01 a.m. on Saturday, July 1.

“Based on our sales and my conversations with other businesses, I believe there were at least three to five million dollars in sales over the weekend,” dispensary association director Riana Durrett said Wednesday. “This aligns with our projected 30 million dollars in sales over the next six months.”

Read More:http://www.washingtontimes.com/news/2017/jul/5/nevada-sees-green-marijuana-dispensaries-make-mill/


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