CURRENT EVENT BY LAURA WALTONORIGINAL STORY BY CNN REPORTER, SARAH LETRENT
When the new legislation took effect on January 1, 2014 that
Marijuana could be sold medically and recreationally in Colorado, sells in
particular for the Breckenridge Cannabis Club, they brought in more than
$47,000 in sales, roughly 30 times their normal daily sales of medical
marijuana. While the sale and private consumption of cannabis is legal in
Colorado, the federal government still considers it a Schedule I controlled
substance like heroin or LSD, a dangerous drug with "no currently accepted
medical use and a high potential for abuse."That classification makes it
difficult for banks -- which are federally regulated -- to do business with
marijuana retailers, even legal ones. Few even try. All of the dispensaries are
cash only. This relates to US HISTORY because this is a unique problem in
American history. Our founding fathers or even political leaders years ago
didn’t have to deal with the issue of where to put “pot” money. Money is Money.
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