Marijuana dispensaries in states such as Colorado and California are being raided not just by Drug Enforcement Administration officials these days, but by thieves not only interested in the drug itself but lured by the thousands of dollars in cash that dispensaries are unable to deposit since they lack access to bank accounts.
Due to marijuana’s illegal federal status, federally insured banks are prohibited from knowingly handling any marijuana-related money, resulting in many financial institutions refusing to allow marijuana-related businesses from depositing money in a bank, using credit card services, or even transporting money from one location to another with the help of an armored vehicle.
In other words, most dispensaries across the U.S. have thousands of dollars in cash and no safe place to put the money.
Read more: Has legalized marijuana sparked a crime wave? | Mint Press News
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