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"Behold - I have given you every herb bearing seed

which is upon the face of the Earth and every tree,

in the which is the fruit of a tree yielding seed;

                                            to you it shall be for meat."   Genesis 1:29

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God is perfect, Man is not.
Man made wiskey, God made pot.



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Washington Looking At Tweaking
Bank Industry To Meet Cannabusiness Needs

Jan 30, 2013
Source

Washington State -- To get a handle on the strange new reality of Washington's legal marijuana market, consider what could happen when state-licensed pot stores open in December and none of the businesses can get a bank account.

That means no fiscal paper trail for state tax auditors and regulators to follow.   No commercial loans or credit-card processing.   And piles and piles of cash, in a startup industry estimated at $2 billion.   This is no idle thought experiment.   Federal banking regulations consider marijuana transactions as de facto money laundering.   Many medical-marijuana dispensaries are unable to access mainstream banks and credit unions.


                   







To create a functioning marijuana market, as voters enthusiastically endorsed when they approved Initiative 502m state and federal elected officials need to think creatively and act boldly to solve the riddle of banking access.

A task force helping set up a marijuana market in Colorado, our state's sister in legalization, has considered solutions including financial cooperatives without federal banking insurance, as well as a state chartered bank.

Such discussions are just beginning in Washington.   Sharon Foster, chairwoman of the state Liquor Control Board, suggested creating the equivalent of a "Good To Go"  pass for marijuana stores.

A state chartered bank, such as the Bank of North Dakota, has been suggested, but it would require tens of millions in state funding for capitalization, making it a non-starter in the face of a $1 billion state budget deficit and obligations to improve public education.

The cleanest solution lies in Washington, D.C.   The Treasury Department could amend parts of The Bank Secrecy Act to exempt state-licensed marijuana businesses from reporting requirements intended to target drug traffickers.

That might be tough, but this is an opportunity for our delegation to lead.   U.S. Rep. Denny Heck, D-Olympia, was just appointed to the House Financial Services Committee. U.S. Rep. Suzan DelBene, D-Medina, and a former state Department of Revenue director, is on the House Judiciary Committee.

A legal marijuana market needs sharply drawn regulation and strong enforcement.   A cash-only industry would be a big mistake.

Time for leaders to think creatively and act boldly.





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NOTE:  Several things are clear:


     *   Washington and Colorado want a prosperous Pot Industry
     *   Other states are gearing up for pot initiatives
     *   There will be many new Marijuana business opportunities
     *   Populations will vote with their feet
     *   The US Economy is about to be on fire
     *   We already have a successful Medical Marijuana Industry
     *   The citizens demand, and have won, recreational use of pot
     *   The use of Marijuana cat is out of the bag
     *   If you're going to be a player and navigagte the obstacles you can pay for legal help or get the best  Self Help possible


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Approximately 50% of all drug enforcement money, federal and state,
during the last 60 years has been directed toward the prohibition of marijuana!
Is this simply flawed logic?  Or is it protective corporate interests?







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Under the current FDA laws in the united States, it is illegal to make any medical claims for any health supplement or any other natural product.  Remember cultivation of Marijuana, use of Medical Marijuana, importation of marijuana seeds with the intention of growing Marijuana or using it is illegal in some countries and many states.  While Marijuana seeds, and other items associated with the use of Marijuana, are sold as souvenirs and shipped to any country in the world, your importation of the seeds could be considered a criminal offense for which there could be severe criminal consequences.  Check laws within your own country.

Medical Marijuana has been legal in numerous states within the united States for many years and recreational use of Marijuana is now legal in Washington and Colorado, since winning by initiative November 6, 2012.  The federal government of the united States still considers Marijuana a controlled substance and illegal in all states.  Laws change continuously and our intention is to stay abreast of all appropriate laws and provide a compilation of information for novelty purposes only, we do not intend to persuade, induce, intimate or condone anyone breaking any laws, nor does this information pertain to any other substance than Marijuana.

All information is for educational purposes only and is not intended to make any legal or medical claims, diagnose, treat, cure, prevent or mitigate any physical or mental condition, nor to prescribe any substance.  This site provides helpful information and is supported by compensation from quality advertisers and affiliate relationships.  This website is for educational purposes only, scientific or medical research and fun.  Cannabis is legal in about 30 countries.


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