511–520 of 918 posts
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But that's factually untrue. Gallup polled support for legalization being in the minority, as recently as 2010. [1] Now factor in the demographics of voters vs adults in general, and the timeline is the opposite of surprising. [1] New High of 46% of Americans Support Legalizing Marijuana https://news.gallup.com/poll/144086/new-high-americans-suppo...
Since when is majority support the same thing as reasonable??
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So if I as a consumer want to buy weed: I show up and convert cash to bitcoin, presumably losing some of its value to exchange fees. Pay the merchant my bitcoin, who then has to convert it back to cash losing more of its value to fees so that he can pay all of his staff, suppliers, utilities, etc... Why not just skip the bitcoin step and save time and money?
Because you don't have cash to begin with, you have money in a bank account, which you have to convert to something else to pay the dispensary. Converting it via cash instead of Bitcoin just makes it easier for you to be mugged.
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My brother supervises at a dispensary. They are not attractive robbery targets at all. They have a lot of security. Like a bank, they expect the amount of cash would bring trouble if they were not prepared. Unlike a bank, they don't dispense much cash (just petty change) so they don't even have to leave much in the drawers, which are emptied frequently and dropped into a safe nobody there can access. They have cash-h…
> you can imagine who works at them This is disgracefully elitist. White collar crime hurts more people.
He’s told me quite a bit of what goes on there, and I am sure different dispensaries are different, but in any state where it is relatively recently legalized and there aren’t that many, it’s just the biggest stoners working there. You would have to be kind of special to decide to steal things with that much security around, they always get caught
One major effect of this is that weed stores will be able to use banks and payment processors legally once the regulators catch up.
A lot of them have wiggled around this problem by offering “atms” at the cash register. You pay with a debit card, but it’s not a normal transaction, it’s an ATM withdrawal! I don’t understand how the money is vended to the business, but it keeps it out of the store
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Tobacco smoke killed ALL my grandparents, well, well one of them would have died from alcohol use, as he was a fisherman and they drink a lot. My uncle died from liver and bowel cancer, the liver cancer stems from alcohol consumption, or rather it's metabolite, acetaldehyde, which is _scary as hell_: It makes cancerous scar tissue of whatever it touches, thats why alcoholics die from liver failure: it becomes all sca…
... what?
One major effect of this is that weed stores will be able to use banks and payment processors legally once the regulators catch up.
People are talking about schedule 3 needing a prescription, etc. From the financial point of view that's irrelevant; the point is that you CANNOT legally sell schedule 1 drugs commercially (with some exceptions that I can't remember). Schedule 1 -> banned from the financial system. Schedule 3 -> OK to use the financial system. How the DEA schedule and the financial system interact is still unclear. The important part…
This is not true.
Here is a legitimate business selling schedule 1 drugs: https://www.caymanchem.com/product/10801/mephedrone-(hydroch...
Regulatory Information: DEA Schedule I
With a schedule I DEA license, you can buy this product, and the manufacturer can deposit your money into a bank.
That's why I'm not sure moving marijuana from schedule 1 to 2 or 3 will really change much from a banking perspective.
Marijuana dispensaries will still be violating federal law, no different than if they were selling sleeping pills illegally.
> The entire process can take from a few months to several years, depending on the complexity of the issue, the volume of public feedback, and the urgency of the reclassification.
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Yes, it's good for the government to not be tyrannical, but I'd argue that when the majority of people increasingly and collectively want things that are net negatives for society like recreational drug use, it's a red flag that society is in decline.
I think recreational drug use is demonstrably good for society and part of all succesful civilizations. Take caffeine, sugar, alcohol and tobacco as the primary examples. All potent drugs and all taken habitually and en masse by all the most successful societies in the world.