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(RealClear)   Colorado lawmakers shut down "pot bank" before it even gets started, which will inevitably lead to customer withdrawals   (realclear.com) divider line 37
    More: Sad, Colorado, Colorado lawmakers, lawmakers, customers, Bozeman Daily Chronicle, U.S. Federal Reserve  
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4171 clicks; posted to Main » on 02 May 2014 at 1:13 PM (28 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



37 Comments   (+0 »)
   
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2014-05-02 10:33:38 AM  

i253.photobucket.com

Now wait...now listen...now listen to me. I beg of you not to do this thing.

If Pot gets hold of this Building and Loan, there'll never be another decent greenhouse built in this town. He's already got charge of the bank. He's got the bus line. He got the department stores. And now he's after us.

Why? Well, it's very simple. Because we're cutting in on his business, that's why. And because he wants to keep you living in his sweet skunky doobie clouds and paying for the kind of kickass bud he decides.

Country Joe and The Phish, you had one of those Pot houses, didn't you? Well, have you forgotten? Have you forgotten what he charged you for that ditchweed?

Deadhead Ed, YOU know.  You remember last year when things weren't going so well, and you couldn't make your payments? You didn't lose your buzz, did you? Do you think Pot would have let you keep it?

Can't you understand what's happening here? Don't you see, smell, and feel what's happening with every pore of your consciousness? Pot isn't selling. Pot's buying! And why? Because we're panicking and he's not. That's why. He's picking up some bargains. Now, we can get through this thing all right. We've got to stick together, though. We've got to have faith in each other.
 
2014-05-02 01:16:05 PM  

brap: [i253.photobucket.com image 507x333]Now wait...now listen...now listen to me. I beg of you not to do this thing.

If Pot gets hold of this Building and Loan, there'll never be another decent greenhouse built in this town. He's already got charge of the bank. He's got the bus line. He got the department stores. And now he's after us.

Why? Well, it's very simple. Because we're cutting in on his business, that's why. And because he wants to keep you living in his sweet skunky doobie clouds and paying for the kind of kickass bud he decides.

Country Joe and The Phish, you had one of those Pot houses, didn't you? Well, have you forgotten? Have you forgotten what he charged you for that ditchweed?

Deadhead Ed, YOU know.  You remember last year when things weren't going so well, and you couldn't make your payments? You didn't lose your buzz, did you? Do you think Pot would have let you keep it?

Can't you understand what's happening here? Don't you see, smell, and feel what's happening with every pore of your consciousness? Pot isn't selling. Pot's buying! And why? Because we're panicking and he's not. That's why. He's picking up some bargains. Now, we can get through this thing all right. We've got to stick together, though. We've got to have faith in each other.


stream1.gifsoup.com
 
2014-05-02 01:17:02 PM  
damn, i was thinking of a way to start of credit union for these folks.  that whole illegal thing has slowed me down a little...
 
2014-05-02 01:20:21 PM  
And when the inevitable bloody shootout between pot shop security goons and would be robbers gets innocent people killed, the blood will be on those two GOP assclowns and the Mr Potter dude.
 
2014-05-02 01:20:55 PM  
Thank goodness the federal government is still standing firm against Big Pot. Hopefully, the number of marijuana overdose deaths that we're seeing in Colorado will turn things around against this wrongheaded rush to legalize such a dangerous drug.
 
2014-05-02 01:27:51 PM  
If the banking industry doesn't want to serve the people, then maybe it's time to end the banking industry.
 
2014-05-02 01:28:00 PM  

LazyMedia: Thank goodness the federal government is still standing firm against Big Pot. Hopefully, the number of marijuana overdose deaths that we're seeing in Colorado will turn things around against this wrongheaded rush to legalize such a dangerous drug.


/golf clap
 
2014-05-02 01:29:32 PM  

UNAUTHORIZED FINGER: If the banking industry doesn't want to serve the people, then maybe it's time to end the banking industry.


Shutitdownshutitalldown.gif
 
2014-05-02 01:30:52 PM  
farkbot42:
And when the inevitable bloody shootout between pot shop security goons and would be robbers gets innocent people killed, the blood will be on those two GOP assclowns and the Mr Potter dude.

...the Feds who are still enforcing the actual banking laws, and who would shut down the Colorado "pot bank" in a matter of days.
 
2014-05-02 01:31:44 PM  
I will gladly pay you Tuesday for an ounce today.
 
2014-05-02 01:33:52 PM  
UNAUTHORIZED FINGER:
If the banking industry doesn't want to serve the people, then maybe it's time to end the banking industry.

You do realize that it's not the banking folks who made this decision, right? If they allow pot dealers to run their money through a bank, the Feds can - and say they will - close that bank down.

"Yeah, we're a huge bank, but we're going to risk a shutdown and possible criminal charges so we can make a little more money off of some pot dealers. Right."
 
2014-05-02 01:35:55 PM  

cirby: ...the Feds who are still enforcing the actual banking laws, and who would shut down the Colorado "pot bank" in a matter of days.


Those same feds who are moving like gangbusters to actively prosecute and jail every single member of the banking community that was complicit in the whole subprime lending fiasco...

whats that you say? Oh, they're letting most of those people go... and they're letting them all get huge bonus checks again?

well yeah... looks like the Feds are totally in control of the whole banking industry, so nevermind then
 
2014-05-02 01:38:17 PM  

cirby: You do realize that it's not the banking folks who made this decision, right? If they allow pot dealers to run their money through a bank, the Feds can - and say they will - close that bank down.

"Yeah, we're a huge bank, but we're going to risk a shutdown and possible criminal charges so we can make a little more money off of some pot dealers. Right."


HSBC would disagree.
 
2014-05-02 01:38:22 PM  
"The U.S. Federal Reserve would still have to grant permission for the co-ops to provide banking services like checking and credit."

img.photobucket.com
 
2014-05-02 01:39:28 PM  

UNAUTHORIZED FINGER: If the banking industry doesn't want to serve the people, then maybe it's time to end the banking industry.


Have you ever taken out a loan for a car or home?   Used a credit card?
 
2014-05-02 01:41:17 PM  
Subby, do you know how many consultants would be out of work if we actually implemented solutions instead of spending money on 'studying"?


Study it out!

/and think of Mitt's childen
//and Bill's
///and George W's
 
2014-05-02 01:42:44 PM  
Sadly, there is no good solution short of the feds finally withdrawing head from rectum and legalizing it already. Maybe after 2016, if the right-wing loses big again, we can finally have that conversation.
 
2014-05-02 01:47:24 PM  
Yes, because in america it is a problem to make any profit off of a benign drug, but just fine through war and the weapon sales.
 
2014-05-02 01:49:53 PM  

pkrzycki: Those same feds who are moving like gangbusters to actively prosecute and jail every single member of the banking community that was complicit in the whole subprime lending fiasco...

whats that you say? Oh, they're letting most of those people go... and they're letting them all get huge bonus checks again?

well yeah... looks like the Feds are totally in control of the whole banking industry, so nevermind then


Different feds - seriously.  The SEC is a rather captured agency and looks to what will help the systemic banking system. The DEA on the other hand is all about civil forfeitures - and could easily soak a midsized bank for all deposits related to the drug trade just for shiats and giggles.
 
2014-05-02 01:51:32 PM  

pkrzycki: whats that you say? Oh, they're letting most of those people go... and they're letting them all get huge bonus checks again?


Also there is a huge difference between claims of fraud, which are really difficult to prove without lots of smoking gun evidence, leading the SEC to make deals, and claims of illegally accepting drug money, which is generally pretty easy to prove, especially if the dispensaries are being blatant.
 
2014-05-02 01:55:44 PM  

AugieDoggyDaddy: UNAUTHORIZED FINGER: If the banking industry doesn't want to serve the people, then maybe it's time to end the banking industry.

Have you ever taken out a loan for a car or home?   Used a credit card?


img.fark.net
 
2014-05-02 01:57:59 PM  
I know, apples and oranges... I am just pissed that  one type of criminal offense goes blatently unpunished and the other... by god you better not even try or we'll throw you in a FEDERAL-PMITA-PRISON before you can blink.
 
2014-05-02 01:59:31 PM  
Random/possibly stupid idea:

Couldn't they sell Bic pens (or some such bs item) for $49 and the weed for $1? Then they deposit $49 into the bank and keep the dollar from the weed sale as cash?

I heard scalpers do that to skirt the laws. Well, they sell the pen for $300 and the tickets were free, but I imagine they can't just give weed away.

Whoa. Free cannabis.
 
2014-05-02 02:00:55 PM  

pkrzycki: I know, apples and oranges... I am just pissed that one type of criminal offense goes blatently unpunished and the other... by god you better not even try or we'll throw you in a FEDERAL-PMITA-PRISON before you can blink.


oh on that score you are 100% right
 
2014-05-02 02:02:17 PM  
So what I'm getting from this is that there is some serious coin to be made from robbing or burglarizing Colorado pot shops, since they deal only in cash. Interesting....
 
2014-05-02 02:04:37 PM  

busy chillin': Random/possibly stupid idea:

Couldn't they sell Bic pens (or some such bs item) for $49 and the weed for $1? Then they deposit $49 into the bank and keep the dollar from the weed sale as cash?

I heard scalpers do that to skirt the laws. Well, they sell the pen for $300 and the tickets were free, but I imagine they can't just give weed away.

Whoa. Free cannabis.


Yeah, that's called bank and/or tax fraud. If you're "selling" the weed for $1, the state is gonna be a little curious about where all its weed tax money has gone.
 
2014-05-02 02:04:40 PM  

cirby: UNAUTHORIZED FINGER:
If the banking industry doesn't want to serve the people, then maybe it's time to end the banking industry.

You do realize that it's not the banking folks who made this decision, right? If they allow pot dealers to run their money through a bank, the Feds can - and say they will - close that bank down.

"Yeah, we're a huge bank, but we're going to risk a shutdown and possible criminal charges so we can make a little more money off of some pot dealers. Right."


Being realistic, US banks do illegal things to make a little more money all the time.  They just don't think they'll get away with it this time.
 
2014-05-02 02:07:26 PM  

LazyMedia: busy chillin': Random/possibly stupid idea:

Couldn't they sell Bic pens (or some such bs item) for $49 and the weed for $1? Then they deposit $49 into the bank and keep the dollar from the weed sale as cash?

I heard scalpers do that to skirt the laws. Well, they sell the pen for $300 and the tickets were free, but I imagine they can't just give weed away.

Whoa. Free cannabis.

Yeah, that's called bank and/or tax fraud. If you're "selling" the weed for $1, the state is gonna be a little curious about where all its weed tax money has gone.


Yeah, I see that. I was thinking ax the whole sale and give the state the full amount. Probably still illegal.
 
2014-05-02 02:08:01 PM  
ax = tax

/$719
 
2014-05-02 02:18:28 PM  

brap: [i253.photobucket.com image 507x333]Now wait...now listen...now listen to me. I beg of you not to do this thing.

If Pot gets hold of this Building and Loan, there'll never be another decent greenhouse built in this town. He's already got charge of the bank. He's got the bus line. He got the department stores. And now he's after us.

Why? Well, it's very simple. Because we're cutting in on his business, that's why. And because he wants to keep you living in his sweet skunky doobie clouds and paying for the kind of kickass bud he decides.

Country Joe and The Phish, you had one of those Pot houses, didn't you? Well, have you forgotten? Have you forgotten what he charged you for that ditchweed?

Deadhead Ed, YOU know.  You remember last year when things weren't going so well, and you couldn't make your payments? You didn't lose your buzz, did you? Do you think Pot would have let you keep it?

Can't you understand what's happening here? Don't you see, smell, and feel what's happening with every pore of your consciousness? Pot isn't selling. Pot's buying! And why? Because we're panicking and he's not. That's why. He's picking up some bargains. Now, we can get through this thing all right. We've got to stick together, though. We've got to have faith in each other.


Son of a B!!  I read the whole thing in his voice too... bravo!! BRAVO!!
 
2014-05-02 02:27:28 PM  
Emposter:
Being realistic, US banks do illegal things to make a little more money all the time. They just don't think they'll get away with it this time.

Being accurate and realistic, some people at banks do illegal things - but they don't do them in ways that they KNOW will get them caught by any ten-cent cop with a grudge.

The banks have already been warned about taking money from pot dispensaries. They know that there are Feds who will happily come in and mess with the bank to get at one of their customers. The risk on this - as compared to the possible rewards - is pretty high.

"Hey, those hippies down at the pot store just had their accounts seized by the DEA - I'll be spending the morning on the paperwork for that. The lawyers will be in here later, too. I sure am glad we got our cut of the interest on that deposit - the ten bucks the bank made this week is sure worth it."
 
2014-05-02 02:55:18 PM  

cirby: UNAUTHORIZED FINGER:
If the banking industry doesn't want to serve the people, then maybe it's time to end the banking industry.

You do realize that it's not the banking folks who made this decision, right? If they allow pot dealers to run their money through a bank, the Feds can - and say they will - close that bank down.

"Yeah, we're a huge bank, but we're going to risk a shutdown and possible criminal charges so we can make a little more money off of some pot dealers. Right."


If the Federal Government doesn't want to serve the people, then maybe it's time to end the Federal Government.
 
2014-05-02 02:59:12 PM  

cirby: Emposter:
Being realistic, US banks do illegal things to make a little more money all the time. They just don't think they'll get away with it this time.

Being accurate and realistic, some people at banks do illegal things - but they don't do them in ways that they KNOW will get them caught by any ten-cent cop with a grudge.

The banks have already been warned about taking money from pot dispensaries. They know that there are Feds who will happily come in and mess with the bank to get at one of their customers. The risk on this - as compared to the possible rewards - is pretty high.

"Hey, those hippies down at the pot store just had their accounts seized by the DEA - I'll be spending the morning on the paperwork for that. The lawyers will be in here later, too. I sure am glad we got our cut of the interest on that deposit - the ten bucks the bank made this week is sure worth it."


I can't decide if you're making an "overzealous bank employees" argument or whether you're just agreeing with me and don't realize it.
 
2014-05-02 03:07:19 PM  

busy chillin': Random/possibly stupid idea:

Couldn't they sell Bic pens (or some such bs item) for $49 and the weed for $1? Then they deposit $49 into the bank and keep the dollar from the weed sale as cash?

I heard scalpers do that to skirt the laws. Well, they sell the pen for $300 and the tickets were free, but I imagine they can't just give weed away.

Whoa. Free cannabis.


Yeah, that aint gonna fly. If they ever actually wanted to prosecute you such things would be irrelevant.

Banks won't deal with it because there is minimal reward for a large risk. There isn't enough money in these people, it will be obvious for anyone who wat to catc them to do so and prove it. Even if the government promises not to target banks for this, you have no idea what will happen after the next election (which is why I would not want to invest in that industry).

Even if the banks don't get fined and the government just siezes the funds that just creates administrative headaches and causes bad PR.

They are better off just staying away so long asthe industry is illegal.
 
2014-05-02 03:14:34 PM  

UNAUTHORIZED FINGER: cirby: UNAUTHORIZED FINGER:
If the banking industry doesn't want to serve the people, then maybe it's time to end the banking industry.

You do realize that it's not the banking folks who made this decision, right? If they allow pot dealers to run their money through a bank, the Feds can - and say they will - close that bank down.

"Yeah, we're a huge bank, but we're going to risk a shutdown and possible criminal charges so we can make a little more money off of some pot dealers. Right."

If the Federal Government doesn't want to serve the people, then maybe it's time to end the Federal Government.


As a matter of fact, you know what? If your idea of what is good and right is a banking system that destroyed the American economy, been involved in massive mortgage fraud, wiped out pensions of millions of Americans, laundered ill-gotten gains from organized crime for decades, and has sold their soul to their god, Mammon, all without fear of punishment or even chastisement from the Federal Government that the banking industry owns, but you draw the line at helping legitimate business conduct business legitimately, well then, fark you too!
 
2014-05-02 03:35:42 PM  

brap: [i253.photobucket.com image 507x333]Now wait...now listen...now listen to me....


I read that in Jimmy's voice and it was gold. Sticky, crusty, comedy gold.
 
2014-05-02 05:26:59 PM  

brap: [i253.photobucket.com image 507x333]Now wait...now listen...now listen to me. I beg of you not to do this thing.

If Pot gets hold of this Building and Loan, there'll never be another decent greenhouse built in this town. He's already got charge of the bank. He's got the bus line. He got the department stores. And now he's after us.

Why? Well, it's very simple. Because we're cutting in on his business, that's why. And because he wants to keep you living in his sweet skunky doobie clouds and paying for the kind of kickass bud he decides.

Country Joe and The Phish, you had one of those Pot houses, didn't you? Well, have you forgotten? Have you forgotten what he charged you for that ditchweed?

Deadhead Ed, YOU know.  You remember last year when things weren't going so well, and you couldn't make your payments? You didn't lose your buzz, did you? Do you think Pot would have let you keep it?

Can't you understand what's happening here? Don't you see, smell, and feel what's happening with every pore of your consciousness? Pot isn't selling. Pot's buying! And why? Because we're panicking and he's not. That's why. He's picking up some bargains. Now, we can get through this thing all right. We've got to stick together, though. We've got to have faith in each other.


Awesome movie. Was watching that the other day.
 
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