FREE e-Newsletter
Important News - Hot Topics
Get them Now!

Top News

Wash. Marijuana Entrepreneurs Fear Violence with All-Cash Industry

March 31, 2014  | 

Photo: Flickr via prensa420
Photo: Flickr via prensa420

With marijuana retailers scheduled to open in June, prospective business owners are worried the state industry could be plagued with violent crime, reports The Oregonian.

The banking question is the largest of several uncertainties swirling around implementation of Initiative 502, which passed in 2012 and legalized recreational marijuana in Washington state. Financial institutions are not ready to accept revenue from the sale of a federally illegal drug, meaning legal marijuana businesses in Washington could be left dealing with the difficulties and dangers of a largely cash-run system.

"We've got this entire marketplace that we're building from nothing," said Sen. Bob Hasegawa, D-Seattle. "A billion dollar marketplace out there, and it all has to deal in cash because it's totally un-bankable. That's just a magnet for armed robbery, murder and organized crime."

Tags: Marijuana, Legalizing Drugs, Washington Laws, Washington


Comments (5)

Displaying 1 - 5 of 5

kevcopaz @ 3/31/2014 7:03 PM

Well thats the sort of thing they should have thought about before they broke the law. Too bad, you wanted to play the game now take the hit. I feel nothing for asy of these sates who "step in it" since they felt that they were so very "on the edge". Well when they fall off then too bad. Medical MJ crap was bad enough but now that they wanted it basically legal F em.

Jack Betz @ 3/31/2014 9:10 PM

DO the dance, pay the pipper.

Marshal Fine @ 4/1/2014 5:57 AM

I have personally seen the benefits to (really) ill patients for MedMJ, so I'm not opposed to it.. However.. in a neighboring state that just legalized it, the stores look like 60's Headshops. Full of '60's hippy posters, incense burners, beads,etc. I told them .. if you want it to be medicine.. make it look like medicine .. If I was a patient that got a real prescription and needed it.. I wouldn't go in there.. Looks like people getting high, not better......... FAR OUT, MAN....................sheesh.........

ME @ 4/1/2014 8:39 AM

The issue I have with the medical marijuana is the THC is not the part that has the medical benefit. So why are we allowing marijuana with higher and higher THC to be sold?

Chuck @ 4/1/2014 10:09 AM

Bullshit, marijuana smokers and those around marijuana don't commit crimes. come on all they do is smoke, get high, get mellow and let everyone do their own thing. Ask them, ask anyone that smokes marijuana, ask anyone that wanted it to be legal, that got it to be legal and is still fighting to make it legal. It is just a plant, it is all natural, it is the next best thing to sliced bread, go on ask them. Really, didn't any of these rocket scientists or bullshit bloviating politicians without half a brain and these pot head (doesn't effect / affect your thought process in the least) numb-nuts think that those that prey on the rest of society would prey on them and their big money making scams. Really!!!!!!

Join the Discussion





POLICE Magazine does not tolerate comments that include profanity, personal attacks or antisocial behavior (such as "spamming" or "trolling"). This and other inappropriate content or material will be removed. We reserve the right to block any user who violates this, including removing all content posted by that user.

Other Recent News

Crash Kills Missouri Police Officer/Fire Chief on Way to Fire
An Alton, Mo., police officer who is also a firefighter died after a crash on Monday....
Pennsylvania Trooper Ambush Suspect Spotted, Still at Large
A woman in northeastern Pennsylvania says she spotted trooper ambush suspect Eric Frein...
Video: Man Steals Ambulance, Leads LAPD on Chase
A man being treated by paramedics stole a Los Angeles Fire Department ambulance and led...
Indiana Police Take Down Serial Killer, 7 Bodies Found
Suspect Darren Deon Vann, 43, helped authorities locate the bodies of six victims in Gary,...
Video: New Mexico Officer Cleared of Sexual Assault by Body Camera
Arrested for drunk driving, an Albuquerque woman tried to flip the script on an...

Get Your FREE Trial Issue and Win a Gift! Subscribe Today!
Yes! Please rush me my FREE TRIAL ISSUE of POLICE magazine and FREE Officer Survival Guide with tips and tactics to help me safely get out of 10 different situations.

Just fill in the form to the right and click the button to receive your FREE Trial Issue.

If POLICE does not satisfy you, just write "cancel" on the invoice and send it back. You'll pay nothing, and the FREE issue is yours to keep. If you enjoy POLICE, pay only $25 for a full one-year subscription (12 issues in all). Enjoy a savings of nearly 60% off the cover price!

Offer valid in US only. Outside U.S., click here.
It's easy! Just fill in the form below and click the red button to receive your FREE Trial Issue.
First Name:
Last Name:
Rank:
Agency:
Address:
City:
State:
  
Zip Code:
 
Country:
We respect your privacy. Please let us know if the address provided is your home, as your RANK / AGENCY will not be included on the mailing label.
E-mail Address:

Police Magazine