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We're legal

The banks won't touch the money because banks are federally insured. Pot and the money from the businesses are still federally illegal and this is why banks won't / can't touch it. If they do, they stand the risk to be shutdown and a massive forfeiture of money. Some state based credit unions will work with companies, some banks are starting to as well, but you have to have like 3 layers between your pot business and the name on the account.
 
Ahh i see. Thanks that's help me to understand a bit better. Must make it rather difficult for dispensaries and the extra layers come at a cost I'm sure.
 
It's pretty stupid and has made dispensaries an early target for thefts. A store can easily sell $20k a day, and its an all cash businesss, because the federally insured credit card companies and bank debit cards can't be accepted.... there is one processor who will but like you said, they pay a silly rate to be able to do that, cuts into profit margins. So yeah, making these cash only businesses without the ability to bank is moronic and dangerous. Sadly, with no checking account, you can't write a check to pay your taxes. Th state had to spend a lot of money to purchase cash counting equipment to process tax payments from these companies....This industry is likely the largest contributor of tax dollars in the state, I know for certain in some small towns..... Which is why they have been ruled essential during Lockdowns.... Got to have the tax dollars. There are many aspects that will make you say hmmm.
 
Now that Biden is President, I hope one of the first things he does in office is to remove cannabis from the CSA.
The current schedule I classification prohibits pain management doctors from prescribing pain meds to patients who test positive for cannabis use.
The ideal situation would be to remove cannabis from the CSA and treat it like alcohol. At worst, rescheduling to a different class would allow concurrent access.
That would allow patients like myself that would benefit from using cannabis as an adjunct with narcotic(opiate) pain management.
I've been struggling with this for almost 10 years now and have experienced the extremes of respiratory depression/arrest from opiates to not being able to function because of limited relief from cannabis.
Just sayin' that it would be nice to pop a codeine tab with my edible.
 
That must be a state law not federal. Here in NM as long as you have a prescription for MJ you can be prescribed opiates. My old lady and I both have at some point been prescribed both at the same time.
 
MeEasy ILL-inois here. I have one dr to certify the mmj card, one to write benzos (muscle relaxer), and one that gave me back a pain patch. It all started changing 3-4 years ago. Not sure how my card re-cert will go next summer, I got a freebie year during the shutdown. I would've bought a 3-yr card last year but I didn't have the funds.
 
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