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
Sad & Stoned: A Playlist
Let's aim for acute transparency here: we have all experienced a high that made us unnecessarily upset, emotional, or even...
Elevating the Cannabis Experience: Women’s Favorites
Women’s preferences are reshaping the cannabis industry, driving innovation and diversity in products and paraphernalia. From sleek vaporizers to artistic glassware and luxurious CBD-infused treats, there’s a plethora of options catering to every woman’s taste and lifestyle. As women continue to assert their influence, the future of cannabis consumption promises to be both stylish and empowering.
Munchies with a Twist: Vegan Foods to Satisfy Your Cravings When You’re High
When the munchies hit after indulging in a little herbal relaxation, it’s natural to crave some satisfying snacks. But why settle for the same old junk food when you can elevate your munchie game with delicious vegan options?
The Green Coast Expedition: A Cannabis-Themed Road Trip from San Diego to Seattle
From the sunny beaches of San Diego to the lush landscapes of Seattle, this cannabis-themed road trip along the West Coast offers an unforgettable journey filled with stunning scenery and unparalleled cannabis experiences. Whether you’re a seasoned cannabis enthusiast or just curious to explore this emerging culture, the Green Coast Expedition promises an adventure like no other.
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.