{"id":10489,"date":"2014-02-01T09:00:22","date_gmt":"2014-02-01T14:00:22","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=10489"},"modified":"2014-02-01T02:53:17","modified_gmt":"2014-02-01T07:53:17","slug":"the-difficulties-of-selling-weed","status":"publish","type":"post","link":"http:\/\/www.Centives.net\/S\/2014\/the-difficulties-of-selling-weed\/","title":{"rendered":"The Difficulties Of Selling Weed"},"content":{"rendered":"<p style=\"text-align: center;\"><img decoding=\"async\" alt=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2014\/02\/020114_0750_TheDifficul1.jpg\" \/><\/p>\n<p>Sam Kamin and Joel Warner wrote about the struggles faced by the marijuana industry:<\/p>\n<ul>\n<li>Banks in Colorado and Washington refuse to offer loans or accounts to pot shops since while a couple of states have legalized weed, federal law still treats it as a drug and banks could get into trouble for working with &#8220;drug money&#8221;.<\/li>\n<li>With $2.34 billion in sales the marijuana industry is likely the largest without access to financial services.<\/li>\n<li>Even if banks could offer loans it&#8217;s unclear what they could take as collateral. Not the business itself since laws might change. And certainly not the plants.<\/li>\n<li>Some legislators have suggested a state-owned marijuana bank unconnected to the federal financial system and thus not covered by its laws.<\/li>\n<li>For an industry that&#8217;s forced to operate mostly in cash, the authorities appear to be doing their utmost to deny the businesses proper security.<\/li>\n<li>The DEA for example pressured armoured car companies to stop working with marijuana shops. And the Denver Police Department banned off-duty officers from doing work at marijuana stores.<\/li>\n<\/ul>\n<p>Read more about the challenges of running a marijuana store <a href=\"http:\/\/www.slate.com\/articles\/news_and_politics\/altered_state\/2014\/01\/colorado_marijuana_businesses_have_a_big_problem_banks_won_t_take_their.html\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/www.slate.com\/articles\/news_and_politics\/altered_state\/2014\/01\/colorado_marijuana_businesses_have_a_big_problem_banks_won_t_take_their.html\">Slate<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sam Kamin and Joel Warner wrote about the struggles faced by the marijuana industry: Banks in Colorado and Washington refuse to offer loans or accounts to pot shops since while a couple of states have legalized weed, federal law still treats it as a drug and banks could get into trouble for working with &#8220;drug [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10488,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2014\/02\/020114_0750_TheDifficul1.jpg","_links":{"self":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/10489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=10489"}],"version-history":[{"count":3,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/10489\/revisions"}],"predecessor-version":[{"id":10492,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/10489\/revisions\/10492"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/10488"}],"wp:attachment":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=10489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=10489"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=10489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}