Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

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

usatoday.com

Post reply on HN
Print view View original

231–240 of 247 posts

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

#231

Post by ownlife »

mjevans wrote: post #162
quadrifoliate wrote: post #103

Earlier quoted context omitted.

It sucks how uneducated about basic things US voters are. The Affordable Care Act is probably the most impactful law passed by Democrats in the recent past. In a survey of 2000 voters, a staggering thirty-five percent did not know [1] that the ACA and the colloquial "Obamacare" were the same thing. Bizarrely, an additional number didn't know that 'Obamacare repealed = ACA repealed'. I cannot blame either party for pl…

I can. People are so focused on not disenfranchising voters (like actually happened / might still happen against marginalized segments of the population), that they don't wonder, what is _empowering_ a citizen as a voter? I DO support a basic civics and mathematics test, on a recurring basis, for voters. HOWEVER, that's only with the catch that failing or opting out of the test creates benefits designed to encourage…

A democracy is not a system of government in which the government's power derives from the people who know calculus. It a system wherein power comes from the people, period.

Also, literacy tests were ruled unconstitutional in Oregon v. Mitchell.

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

#233

Post by BossingAround »

trillic wrote: post #180
eternalban wrote: post #114

Earlier quoted context omitted.

> Going to a Cresco run "Sunnyside" dispensary is like the Apple store of pot. It's kind of ridiculous. You were not kidding: https://www.crescolabs.com/ & hey, there is one near me.

Sunnyside Wrigleyville, Chicago, IL Publicly traded corporation. Pays taxes. https://i.imgur.com/NUi8fL0.jpg

Sorry, what are we looking at? Looks maybe like vaporizers? Is there cannabis in the picture? (low resolution, can't make it out)

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

#234

Post by zdragnar »

matthewdgreen wrote: post #217
zdragnar wrote: post #213

Earlier quoted context omitted.

They aren't legal businesses per federal law. Federal law needs to bring them into compliance (i.e. pot should be reclassified) and the issue goes away, because then you don't have to carve out mandates to banks to work with them.

We agree! But carve-outs for banking activity are [eta: more] politically feasible in the short term and full legalization (regrettably) seems to be much farther off. The question is whether it’s better to be consistent and risk more short-term criminal activity or to solve the immediate problem.

What's the saying, there's nothing more permanent than a temporary fix?

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

#235

Post by chiefalchemist »

dragonwriter wrote: post #216
chiefalchemist wrote: post #99

Earlier quoted context omitted.

Similar is true of abortions. The majority/control was there - more than once - and despite knowing Roe v Wade was on shifting sands the Dems refused to act. The issue empowers The Politics Industrial Complex but does little to work for We The People. https://freakonomics.com/podcast/im-your-biggest-fan/

> Similar is true of abortions. The majority/control was there - more than once - and despite knowing Roe v Wade was on shifting sands the Dems refused to act. Act how? Unlike marriage (where the FFC clause gives Congress an explicit power), the “codify Roe” refrain was always hollow since without Roe being a 14th Amendment right there is no real Constitutional argument for authority for federal codification.

I don't know the particulars but the current POTUS did come out and promise a codified response. Other reports at the time also implied proactive action could have been taken.

This was simply yet another issue that was intentionally managed to benefit The Politics Industrial Complex.

Note: I don't consider HuffPost to be a beacon of journalism. It's simply the top of the SERP. I'm confident better have reported the same.

https://www.huffpost.com/entry/biden-codify-roe-v-wade-congr...

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

#236

Post by trillic »

BossingAround wrote: post #233
trillic wrote: post #180

Earlier quoted context omitted.

Sunnyside Wrigleyville, Chicago, IL Publicly traded corporation. Pays taxes. https://i.imgur.com/NUi8fL0.jpg

Sorry, what are we looking at? Looks maybe like vaporizers? Is there cannabis in the picture? (low resolution, can't make it out)

That’s the store. Like the Apple Store they keep the good stuff locked up in the back.

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

#237

Post by trillic »

ausbah wrote: post #113
trillic wrote: post #92

Currently 37 of 50 states have some sort of law on their books allowing legal Cannabis sales in some form. The 13 with no legalization: Idaho Wyoming Nebraska Kansas Iowa Wisconsin Indiana Kentucky Texas Tennessee North Carolina South Carolina Georgia

most of these states have active efforts for legalization in at least some context, many have CBD legal but not THC (what gets you high), and at least in Kansas there is a "loophole" where hemp products can contain up to .3% THC (so just really big edibles)

That’s federal law which allows the 0.3% THC by weight. Anything under 0.3% usable THC by weight is classified as a Hemp product under the 2018 Hemp Farming Act

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

#238

Post by sowbug »

eldritch_4ier wrote: post #147
perardi wrote: post #141

This is frustrating, because I think it’s a near certainty marijuana will be legalized federally. If I was a betting man, which I’m not, certainly not enough to mess with prediction markets, I’d call myself 95% certain. All this ambiguity is just grinding inefficiency in the meantime. Look at all that states where this is legal or decriminalized: https://disa.com/maps/marijuana-legality-by-state And even in states wh…

I think right now is exactly where I want weed to be in society: a taboo, not normalized in the mainstream, you get in trouble if you’re stupid with it, but otherwise if you’re just an occasional user you can get it just fine. This is pretty much perfect to me. What I don’t want is broad normalization of it. Maybe some cultures do just fine with that, but the trend is America has been to maximize the individual liber…

In other words, you trust the cops to enforce drug laws only against the riff-raff.

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

#239

Post by [deleted] »

BossingAround wrote: post #76
eternalban wrote: post #26

Earlier quoted context omitted.

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…

> 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? That's one of the biggest fears of cannabis producers in states where it's currently legal, and it's actually a reason for some of the small business not supporting federal legalization. They don't want Amazon to invest billions of dollars,…

[deleted]

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

#240

Post by mjevans »

ownlife wrote: post #231
mjevans wrote: post #162

Earlier quoted context omitted.

I can. People are so focused on not disenfranchising voters (like actually happened / might still happen against marginalized segments of the population), that they don't wonder, what is _empowering_ a citizen as a voter? I DO support a basic civics and mathematics test, on a recurring basis, for voters. HOWEVER, that's only with the catch that failing or opting out of the test creates benefits designed to encourage…

A democracy is not a system of government in which the government's power derives from the people who know calculus. It a system wherein power comes from the people, period. Also, literacy tests were ruled unconstitutional in Oregon v. Mitchell.

Please do not put words in my mouth. Calculus is currently an AP / college subject, not a required public education one.
Post reply on HN