On Thu, 25 Jun 2020 07:08:19 -0400, RCE wrote:

On 6/25/2020 2:05 AM, wrote:
On Thu, 25 Jun 2020 02:46:22 -0000 (UTC), Bill
wrote:

wrote:
On Wed, 24 Jun 2020 19:44:35 -0400, Alex wrote:

Bill wrote:
wrote:
On Tue, 23 Jun 2020 18:57:58 -0400, John wrote:

On Tue, 23 Jun 2020 15:56:14 -0700 (PDT), wrote:

Email :
Whatsapp us at : +1 (786) 592-4165
wickr : empire155

buy moon rock online
website :http://kingplacecannabis.com

https://kingplacecannabis.com/produc...ocks-for-sale/
Moon rocks for sale
moon rocks for sale, is a hybrid of alien indica that dominates. This
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If you sell to Harry, be sure to get your money first.
I thought this was someone selling fake moon rocks but it looks like
fake pot. I suppose you have to pay with bit coins or something since
banks will have nothing to do with that business.

The Fed?s not allowing banks to deal in Pot money is a major problem. How
do a pot dispensaries pay their taxes? What do do with the cash?
Acquaintance?s brother has a legal pot dispensary in Oregon. He says his
brother has those problems. $100k month profit.


Credit Union?* Shell Company?* There must be a way.

===

Credit unions are subject to federal regulation and would probably be
forced to pass. I was on the board of directors of a credit union in
a past life. The problem is that weed is still illegal at the federal
level.

There are all sorts of conventional money laundering schemes that
could be made to work but most are illegal if caught by the feds.

The law requires that trades and businesses report cash payments of
more than $10,000 to the federal government by filing IRS/FinCEN Form
8300, Report of Cash Payments Over $10,000 Received in a Trade or
Business. Financial institutions are also obligated to know the
source of all incoming funds. Breaking transactions up into multiple
smaller units, aka smurfing, is also prohibited.


Maybe a state chartered bank?

===

They still use FDIC and are subject to their rules and scrutiny.



I did some reading on how some of these pot shops are doing their
banking and financing in some cases.

Apparently some small, private credit unions are welcoming their
business. They may be taking a risk however the chances of the
fed going after them are small. It won't be too long before
pot becomes legal at the federal level. Too much revenue to
ignore.

===

Interesting. I could see that working for a while until someone
decides to drop the hammer on them. Political risk is hard to
quantify.

Another angle might be to have a side business that sells legal but
grossly over priced widgets. No widget purchase, no pot.

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