Banking For Cannabis Business-Owners
by Emily Jiannetto
There has been a dramatic rise in violent crimes, such as shootings and robberies at cannabis dispensaries all over the country; officials say this is likely due to the inordinate amounts of cash that owners are forced to keep on the premises. Businesses that sell marijuana find it exceedingly hard to find willing banks due to federal laws (Fertig). This of course has caused disastrous consequences, and dozens of people have lost their lives during robberies, such as Brian Garcia of Los Angeles, Joshua Chase of Oakanna, Oklahoma, and Jordan Brown of Tacoma, Washington (Fertig).
Both the American Bankers Association and many Democratic senators are pushing to allow “cannabis companies” to take out business loans and hold their money in banks, which would alleviate the crime waves and save some lives (Fertig). This is known as the SAFE Banking Act. Legalizing cannabis at the federal level would also help this issue, but, this of course has been met with pushback in the House and Senate.
Copyrighted Article: https://www.politico.com/news/2022/05/10/cannabis-crime-wave-banking-capitol-hill-00030330
By Natalie Fertig
Images: “Money” by superstrikertwo is licensed under CC BY-SA 2.0. To view a copy of this license, visit https://creativecommons.org/licenses/by-sa/2.0/?ref=openverse.
“Marijuana / Medical Marijuana Dispensary / Medical Marijuana Collective” by Neon Tommy is licensed under CC BY-SA 2.0. To view a copy of this license, visit https://creativecommons.org/licenses/by-sa/2.0/?ref=openverse.
More Stories
Cancer and Cannabis
When I was fourteen years old I lost my grandfather to pancreatic cancer. It was one of the most confusing...
Are You Seeing What I’m Seeing?
I can't count the amount of friends I have that refuse to smoke weed because of previous bad experiences. One...
Could Cannabis be the Source of your Relationship Troubles?
Cannabis and Relationship Troubles
Cosmic Connections: Exploring the Intersection of Cannabis and Astrology
In recent years, both cannabis and astrology have gained increasing popularity, captivating enthusiasts seeking alternative paths to wellness and self-discovery. While seemingly unrelated, some proponents suggest there may be intriguing correlations between the two realms. Let’s delve into this cosmic connection and explore how cannabis and astrology intersect.
Unveiling the Extravagance of Luxury Cannabis
As pioneers of Luxury Cannabis, Zatix is at the forefront of an inspiring transformation within the industry.