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Cannabis is legal in most US states but federal laws block businesses from banks

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21–30 of 247 posts

Re: Cannabis is legal in most US states but federal laws block businesses from banks

#21

Prediction: Dems will make a move on federal legalization in the months before the 2024 presidential election, or at least make federal legalization a major election issue. A lot of right wing / libertarian adjacent people were hoping Trump would come out in favor of it as a 2020 election issue, to outflank Biden on at least one issue. It didn't happen, but I bet it would have made the election a bit closer -- it wou…

Difficult to see what this comment adds to the discussion. The House is divided. So unless the GOP adopts this as their issue, the next chance for change is the next election.

Re: Cannabis is legal in most US states but federal laws block businesses from banks

#22

Prediction: Dems will make a move on federal legalization in the months before the 2024 presidential election, or at least make federal legalization a major election issue. A lot of right wing / libertarian adjacent people were hoping Trump would come out in favor of it as a 2020 election issue, to outflank Biden on at least one issue. It didn't happen, but I bet it would have made the election a bit closer -- it wou…

Cannabis banking came up on this 1.7 trillion dollar bill that just got passed.

It wasn't included thanks to Republicans.

Re: Cannabis is legal in most US states but federal laws block businesses from banks

#23

Didn't we fight the bloodiest war in the history of this country based on which laws (State or Federal) had primacy? And it's still not settled due to Obama's weed policies.

No, the US fought a war over slavery.

The "states' rights" framing of the US Civil War skips over which specific right the southerns states were willing to die for. It wasn't abstract, though it was papered over as such.

The history of later southern political leaders (e.g. Richard Russell) confirms that the fundamental issue was the enslavement (ideal, for them) or segregation and oppression of blacks in the US.

Which isn't to say that the state vs. federal power struggle of constitutional interpretation isn't still happening. These cases rise to the SCOTUS regularly. The US Civil War, however, wasn't that.

Re: Cannabis is legal in most US states but federal laws block businesses from banks

#24

Earlier quoted context omitted.

Federal laws do trump state laws in most cases, it is settled. This case is due to the fed's noninterference policy, which they chose for themselves, it's not being forced on them because of some Civil War-era debate.

The Feds should never fear interfering with state laws when federal law is in direct opposition. It's the basis of the entire system.

Never is a foolish frame, if you're talking about real politics in the real world.

Re: Cannabis is legal in most US states but federal laws block businesses from banks

#25
post #15

I am pro legalization, but I hate headlines like this. It's not accurate and it's not productive. Cannabis is prohibited by at least one law everywhere in the US.

How is it inaccurate? Cannabis is legal in much of the country (at the state level) and the businesses are blocked from much of the banking system because it's federally illegal. Edit: OP, if you're going to completely change the last sentence of your post after people respond, which then changes your point, at least highlight that you've made a significant change.

It’s illegal everywhere due to federal law… states altering their laws doesn’t change that.

The federal government just doesn’t enforce it in most cases. The DEA can start enforcing tomorrow if they wanted

Re: Cannabis is legal in most US states but federal laws block businesses from banks

#26
post #15

I am pro legalization, but I hate headlines like this. It's not accurate and it's not productive. Cannabis is prohibited by at least one law everywhere in the US.

How is it inaccurate? Cannabis is legal in much of the country (at the state level) and the businesses are blocked from much of the banking system because it's federally illegal. Edit: OP, if you're going to completely change the last sentence of your post after people respond, which then changes your point, at least highlight that you've made a significant change.

As of now, you can definitely get your daily supply of Cannabis if you want. There are a lot of little businesses that legally sell it. So these federal laws are not preventing you from exercising your legal right to get high in e.g. NY state.

I would like to get the pulse of hn on this:

What do we think if e.g. the Coca-Cola Company got in the pot business? Is the fact that these Federal constraints are keeping big business out of the pot business good or bad?

Re: Cannabis is legal in most US states but federal laws block businesses from banks

#27
UN has moved to stop resticting it's use for medicinal purposes, but it is still banned for private consumption. As a signatory to the UN drugs convention, US has voted againsy decriminalisation.

This is a clumsy summary, ANAL

https://news.un.org/en/story/2020/12/1079132

Re: Cannabis is legal in most US states but federal laws block businesses from banks

#28
post #23

Didn't we fight the bloodiest war in the history of this country based on which laws (State or Federal) had primacy? And it's still not settled due to Obama's weed policies.

No, the US fought a war over slavery. The "states' rights" framing of the US Civil War skips over which specific right the southerns states were willing to die for. It wasn't abstract, though it was papered over as such. The history of later southern political leaders (e.g. Richard Russell) confirms that the fundamental issue was the enslavement (ideal, for them) or segregation and oppression of blacks in the US. Whi…

> No, the US fought a war over slavery.

Seems to me these aren't mutually exclusive. I find your argument to be overly concerned with injustice of slavery. No one is defending it. And the southern states absolutely did not want to adhere to the laws set by the northern states.

Re: Cannabis is legal in most US states but federal laws block businesses from banks

#29

Didn't we fight the bloodiest war in the history of this country based on which laws (State or Federal) had primacy? And it's still not settled due to Obama's weed policies.

The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.

Interstate commerce clause is the federal government's loophole for this inconvenient fact.

Re: Cannabis is legal in most US states but federal laws block businesses from banks

#30
post #15

I am pro legalization, but I hate headlines like this. It's not accurate and it's not productive. Cannabis is prohibited by at least one law everywhere in the US.

How is it inaccurate? Cannabis is legal in much of the country (at the state level) and the businesses are blocked from much of the banking system because it's federally illegal. Edit: OP, if you're going to completely change the last sentence of your post after people respond, which then changes your point, at least highlight that you've made a significant change.

Cannabis is illegal under the Controlled Substances Act everywhere within the US. The feds are voluntarily[0] turning a blind eye to states that have changed their own state laws... but federal law has not changed.

0: https://www.justice.gov/iso/opa/resources/305201382913275685...

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