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Nifty idea

One of the candidates for Oregon secretary of state had a neat idea on how to get around the Federal ban on marijuana money in banks: start an Oregon-run "vault" as they called it, weed sellers can put their money there instead of the bank. So like a bank, but not a bank, and run by the state government. And I'm sure that the weed sellers would go in for that, because right now they have all this cash and nowhere really secure to put it, and so they get robbed frequently.

This was cross-posted from http://fayanora.dreamwidth.org/1320810.html
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( 1 comment — Leave a comment )
kengr
Oct. 24th, 2016 01:24 pm (UTC)
Alas, the problem isn't *banks* so much as it is credit & debit cards.

Without the ability to process *normal* credit and debit cards, the shops will *still* have to deal in cash.

And since all the card networks are *national*, they won't touch the marijuana shops with a 10 foot pole.

And setting up a state run network would cost way too much. Especially since they'd not be usable on the normal card networks.

So the state would have to set up a network, issue cards and get folks to use them. And they'd only be usable on the state-run card terminals. Which nobody but the pot shops would bother getting.

So, sadly, the real answer is that we gotta get the feds to change some laws and regulations. Having DEA change the classification of marijuana from Schedule I to something more reasonable would be a big step in the right direction.

http://medshadow.org/resource/drug-classifications-schedule-ii-iii-iv-v/

Pot should at most be a Schedule III drug. Best would be if it wasn't scheduled at all, but shifted over from the DEA to the ATF.

Treat pot like alcohol.
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