You Probably Won't Be Able To Buy Marijuana With A Credit Card Anytime Soon
Now that marijuana is legal in small amounts in Washington and Colorado, officials in those state are having a heckuva time figuring out how to regulate those businesses and collect taxes on their daily doings. But even with the approval of state governments, there’s still the tricky question of how these establishments will be able to do their business — in other words, will customers be able to pay with cash, check or credit?
The ease and convenience of pulling out your plastic to make a purchase makes it a popular way to pay, but because marijuana is illegal under our country’s Controlled Substances Act, for now it’s likely going to be a cash-only business for growers and sellers, notes CNNMoney. Basically, banks don’t want be accused of money laundering, so they won’t take on businesses connected with drugs even if they’re legal in a certain state.
That puts such businesses into a cash-only position, which can be tough on both the owners and the customers. One Seattle store’s CEO said American Express and Discover dropped him last fall, and Visa and Mastercard bowed out soon after. He had to buy his own ATM and fill it with his own cash, then deposit the rest at his bank. The whole thing makes him a bit squirrelly.
“The more cash you have sitting around, the more of a target you are,” he said.
Read more: http://consumerist.com
Category: Culture | Posted on Tue, April, 30th 2013 by THCFinder
Washington lawmakers quietly approve bill to re-criminalize some marijuana possession
Lawmakers in the Washington House and Senate quietly passed a bill over the weekend that will re-criminalize some marijuana possession, reacting to warnings from the state’s crime lab that the current law could make it impossible to prosecute large-quantity possession charges or large-scale marijuana growing operations.
The Senate passed the measure unanimously on Saturday, according to The Associated Press. The governor was expected to sign the bill as soon as Monday, but had not yet by early afternoon. Scientists at the Washington State Patrol’s Forensic Laboratory Services warned recently that last November’s election changed the definition of marijuana to such an extent that nearly all plants seized by police could be considered hemp.
The trouble arises where the law draws the line between hemp, an industrial fiber that contains virtually no psychoactive drug, and its more intoxicating cousin marijuana. The state’s law currently says that if tests show more than 0.3 percent of marijuana’s “delta-9 THC,” then its a drug, but anything less is considered hemp and therefore not a drug.
Read more: http://www.rawstory.com
Colorado Scrambles To Determine What'sToo High To Drive Means
Before recreational marijuana can be sold to any of the eager state residents of Colorado, a few of the stickier regulatory issues need to be addressed. For instance, where should these pot shops be allowed to locate and do business? At what percentage rate should marijuana be taxed? And last, but far from least – at what level of THC saturation should the hammer of justice be dropped on a driver, thought to be too impaired to perform their duties.
While the Colorado Senate struck down the most recent proposal, which asked for a THC limit of 5 ng/mL, by a 4-1 vote in mid-April, that battle is far from over.
As the Colorado Senate grapples with the new science of marijuana intoxication, many are left scratching their heads wondering what constitutes ‘stoned driving.’
Read more: http://www.theweedblog.com
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