The Cannabis Industry Has a Banking Problem. But That Could Change | WSJ
The Cannabis Industry Has a Banking Problem. But That Could Change | WSJ
Cannabis companies in the U.S. lack access to banking and other financial services because the drug is federally illegal. That could change through new legislation or thanks to broader legalization efforts backed by the Democratically-controlled Senate. Photo Illustration: Laura Kammermann
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Call Grandpa to Asia
The gospel by which we’re SAVED. 1 Corinthians 15:1-4 (KJV)(1) Moreover, brethren, I declare unto you the GOSPEL (good news) which I preached unto you, which also ye have received, and wherein ye stand; (2) By which also ye are SAVED, if ye keep in memory what I preached unto you, unless ye have believed in vain (self). (3) For I delivered unto you first of all that which I also received, how that CHRIST DIED for our SINS according to the scriptures; (4) And that he was BURIED, and that he ROSE AGAIN the THIRD DAY according to the scriptures.
READ, UNDERSTAND, BELIEVE (from the heart by FAITH) and be SAVED
If the legal cannabis business is such a good one to be in, they should have manageable startup costs, have no problem generating a lot of surplus capital which can be reinvested into the business, and not need much financing. I suspect that they are having deeper problems than obtaining financing and limited payment options if they are complaining about holding onto a lot of cash. There are plenty of cash only businesses and they don’t complain. It’s not as if you can’t use the cash to pay your suppliers and to grow the business.
not legal in feds?
IRS still ask them to pay.
Do u accept doge for payment? Lol asking for future retired self π
A Planta sur, planta duch sl, kannabia seeds garantizamos nuestra semillas feminizadas y enganchadas donde solo se producen con enganche electrico, asi le hacemos a pequeno fuego en Peligros! tu pagas con tu factura electrica . porque de mi 250 bancos de semillas que distribue, 90% roban la electricitad, son billions de killowattios que tu pagas con tu factura electrica.
A Planta Sur Sl kannabia seeds, solo acceptamos semillas enganchadas, solo trabajamos con compania que roban la eletricitad, nunca preguntaremos de ver tu factura eso no nos interesa, y a los que pagan su facturas, le rechazamos le destruimos, le exterminamos.
asi es a planta sur sl, planta duch sl, y kannabia seeds, mi semilla kannabia le comprao a sweet seeds que roba la electricitad lo mjeor que peuden porque ellos lo hacen muy bien! pero de los otros 240 bancos es mismo, solo trabajamos con robos electricos asi nos quedamos ricos mas rapidos!!!!! Caramba Kannabia!!!!!!!!!
Cuiadado que mos va a enviar su abogado??ΒΏ? como ? hay un abogado para defender eso, pues si que hay gente que chupan dineros por cual que thema….
tu abogado te defendara Thomas, diciendo que tu no sabia que todos los grupos que promciona roban la eletcirictad, no es tu resposabilitad investigar eso, tu eres aqui para liquefiar todo esta limonada!
nos dedicamos a asistar los peor, como dinafem la mota que roban billion de killowattios o los frances aficionado que se dicen de mendocino pero estan de francia, como french touch y todo este grupos de francia que se esconden alli, donde es illegal, eso lo hago bien, no tengo miedo porque mi abogado me ayudara, nosotros sabemos muy bien que nuetsro provedores no estan ni de alta ni producen con luz legal, es 100% robo de la luz, robo electrico, robo de inpuestos, etc…si nos vamos al juzgador mi abogado diciera que tengo facturas, si es vale de este grupoes que roban la luz saben bien hacer facturas, pero ni tiene permiso, ni pagan la luz, eso es.
Yo Thomas duchennnes, me dedico a ayudar, asisitir este grupos de mafamosos, oorque me ayuda a construir mi fortuna, tambien recojo los tarjeta de russia de rubaru biz para recoger 10 000 en efectivo a lso cajeros de espana, mi y mi hermana Amandina duchenette , lo sabemos muy bien todo eso, pero hacemos como no lo sabiamos es mas facil asi, asi estamos echo. nostoros los frances de Granada!
A planta Sur SL, PlantaDuch Sl, Kannabia seeds, estamos el centro de blanqueo de todos los clubs de Barcelona, tambien, es decir entre los 250 bancos de semillas que roban la luz, por billions de killowattios, y este club de canamo en barcelona, yo solol soy responsable de 500 billions de killowattios, asi es echo Plantasur con la garantia que todo lo que hacemos lo hacemos con el famoso enganche electrico, pero cuando compramos , compramos con facturas asi nadie nos pueden poarar!!! es mi abogado que me a dicho de hacer asi, Lo sabemos perfectamenete que roban la luz pero no miramos alli es mas facil yo Dinafem la mota, alchimiaweb etc y los 20 distribuidores de espana.hacemos lo mismo, estamos rico por el enganche electrico, estamos enganchados!!!!!y tu pagas tu factura electrica!!!!! todo eso en la capital del enganche Granada!!!!
π You have an extra $1? Savin’ to get a laptop (homejob). No opportunities outside due to constant lockdowns (unlike other countries). π· Sorry for this. π³ I’m not a bad person, just a desperate breadwinner. Lost a lot since 2020.
Prayers and well-wishes are also very much appreciated. πβ€
Off-topic, I know… I hope you understand the desperation. I know some people need more help than me and my family but I do hope that does not invalidate my cry for help. π’Β
Things are getting worse here. We don’t have stimulus checks or anything like USA. So I’m just really doing whatever I can to put food on the table. We may not be killed by the virus but the situation is surely slowly killing us. π
Peace be with you. GOD bless. πβ€
And to anyone who’s also struggling, let’s hold on tight. All will soon be well. πΉ
Start using crypto and you will see the government and banks eager to offer you cheap credit.
We accept two forms of payments.
Cash and debit cards.
Same as everything else thenππ
Some people will be kicking themselves in few weeks if they miss the opportunity to buy and invest in crypto.
Imagine how bad the situation has to be for the government to start selling drugs..
On the other hand, this banking situation has kept this industry hometown and kept corporate entities out. Be careful what you wish for.
Give me the cash, I’ll transfer it to your bank
Paying my supplier in Doge πΆ
In a week I expect here, on WSJ, a new video: "The wave of robberies of weed shops".
okay federally legalize the drug.
just use cryptocurrency. nuff said.
Funny that these tomatoes growers can get a Dispensary while us brothers still stay in jail for doing the same thing.
2 weeks ago, I received the weirdest text on my phone. Someone was looking for a Distributor for Cannabis in my Region. It was freaky, the person who texted knew my general location. I immediately blocked the number.
Perfect opportunity for decentralized financing , we should find ways and means to cut out the banking system wherever possible and i think this problem is screaming for a decentralized financing solution
So while world is dying of hunger and covid there is a country in world, where people smoke 20billion$ worth of weed every year.
Also BS is that most online platforms ban accounts with anything related to regular CBD information or products. Big pharma has a tight grip
C-SPAN Washington swamp media democrat-controlled from top to bottom
Crypto
Crypto bro.
My poor tish. I love her . Imagine making money selling her to spread the love eh
Nice video.
https://youtu.be/QKnqgKcx2Qg
If having too much cash is your problem, there isn’t really a problem
The facts of cooperation between the Democratic Party and Hamas have emerged today. This is reported by decent CIA officers. Hamas is recognized as a terrorist organization in the United States. Senators of the US Democratic Party are pushing CIA officers to the crime of cooperation with the terrorist organization Hamas.
FBI Director, do you want me to be silent? You won’t be able to intimidate me.
Today, Biden has become a political stink, which stinks of Palestinian corpses, slander and corruption.
How many times have you defamed Donald Trump?
Giuliani.
How about crypto currency?
:0
Legalization will increase jobs, create more small businesses, and put cash into the pockets of hard-working people.
Can’t wait for my store branded credit card.
Time for elon musk to step in and solve the problem with dogecoinπ
Boo hooo. Never handled alot of cash? Come to Asia, even developed countries are so used to handling tons of cash. This is a Europe & USA probelm where there are not used to handling cash these days. Although Asia started and has highest use of Mobile App Payments, cash is still King in Asia
wsj, why not print cash from the cannabis leafs?
It’s called *POTCOIN*
grazie
21 usc 812 says a schedule 1 must meet 3 criteria.
Cannabis does not meet the 3 criteria
Just use DOGE coin
Depending on one stream of income had never made any millionaire and earning check doesn’t put you in Forbes
A Planta sur, planta duch sl, kannabia seeds garantizamos nuestra semillas feminizadas y enganchadas donde solo se producen con enganche electrico, asi le hacemos a pequeno fuego en Peligros! tu pagas con tu factura electrica . porque de mi 250 bancos de semillas que distribue, 90% roban la electricitad, son billions de killowattios que tu pagas con tu factura electrica.
A Planta Sur Sl kannabia seeds, solo acceptamos semillas enganchadas, solo trabajamos con compania que roban la eletricitad, nunca preguntaremos de ver tu factura eso no nos interesa, y a los que pagan su facturas, le rechazamos le destruimos, le exterminamos.
asi es a planta sur sl, planta duch sl, y kannabia seeds, mi semilla kannabia le comprao a sweet seeds que roba la electricitad lo mjeor que peuden porque ellos lo hacen muy bien! pero de los otros 240 bancos es mismo, solo trabajamos con robos electricos asi nos quedamos ricos mas rapidos!!!!! Caramba Kannabia!!!!!!!!!
Cuiadado que mos va a enviar su abogado??ΒΏ? como ? hay un abogado para defender eso, pues si que hay gente que chupan dineros por cual que thema….
tu abogado te defendara Thomas, diciendo que tu no sabia que todos los grupos que promciona roban la eletcirictad, no es tu resposabilitad investigar eso, tu eres aqui para liquefiar todo esta limonada!
nos dedicamos a asistar los peor, como dinafem la mota que roban billion de killowattios o los frances aficionado que se dicen de mendocino pero estan de francia, como french touch y todo este grupos de francia que se esconden alli, donde es illegal, eso lo hago bien, no tengo miedo porque mi abogado me ayudara, nosotros sabemos muy bien que nuetsro provedores no estan ni de alta ni producen con luz legal, es 100% robo de la luz, robo electrico, robo de inpuestos, etc…si nos vamos al juzgador mi abogado diciera que tengo facturas, si es vale de este grupoes que roban la luz saben bien hacer facturas, pero ni tiene permiso, ni pagan la luz, eso es.
Yo Thomas duchennnes, me dedico a ayudar, asisitir este grupos de mafamosos, oorque me ayuda a construir mi fortuna, tambien recojo los tarjeta de russia de rubaru biz para recoger 10 000 en efectivo a lso cajeros de espana, mi y mi hermana Amandina duchenette , lo sabemos muy bien todo eso, pero hacemos como no lo sabiamos es mas facil asi, asi estamos echo. nostoros los frances de Granada!
A planta Sur SL, PlantaDuch Sl, Kannabia seeds, estamos el centro de blanqueo de todos los clubs de Barcelona, tambien, es decir entre los 250 bancos de semillas que roban la luz, por billions de killowattios, y este club de canamo en barcelona, yo solol soy responsable de 500 billions de killowattios, asi es echo Plantasur con la garantia que todo lo que hacemos lo hacemos con el famoso enganche electrico, pero cuando compramos , compramos con facturas asi nadie nos pueden poarar!!! es mi abogado que me a dicho de hacer asi, Lo sabemos perfectamenete que roban la luz pero no miramos alli es mas facil yo Dinafem la mota, alchimiaweb etc y los 20 distribuidores de espana.hacemos lo mismo, estamos rico por el enganche electrico, estamos enganchados!!!!!y tu pagas tu factura electrica!!!!! todo eso en la capital del enganche Granada!!!!
βHave to borrow at interest rates that are extremely high.β
The wisest thing that should be on every wise individual list is to invest in different stream of income that don’t depend on the government to bring money especially now that the pandemic is hitting economy pretty hard.
how much are they earning ? what is the investment ?
The tightfisted hobbies definitely step because authorisation preferably stitch a a proud sturgeon. likeable, handsomely aluminium
i love how the quote is from 4/20 1:17
I recently invested in the cannabis business. Nothing like this, I didn’t have that much to invest in up-front. I went with CBD sells. Once I get going then I want to branch out. I went with a large team. They have banks and a system setup to help us. However to try it out and also I was moving along fast with my setup of my business legal paperwork,, I decided to try the regular banks in my area. It was a test for me and learning experience to share with my mentors. I was told by the bank I would have to wait and have my account under investigation for 3 months or more. I also was NOT guaranteed I would be able to operate in their bank. Even though I have a clean record and I don’t handle cash. The issue is because cannabis is still classified as a schedule 1 narcotic.
One thing positive, I was able to be put into THEIR system and before they couldn’t even put a code in the banking system for businesses involved with cannabis. I was like π, awesome!
π€¦ββοΈ How can I even operate and connect with my merchant accounts if my bank account isn’t open? π€·ββοΈ
What good does this do? I can’t even operate. Also for several months….. I gotta get going! I said NO THANK YOU SIR, I APPRECIATE YOUR TIME BUT I NEED TO GET GOING.
Told my mentors what I learned and setup my account through their recomended financial services.
I plan on once established go back and to see what has changed in order to have a close by bank account just incase I may need it.
I came in this already knowing, I will be watched like 2 PAC. Also judged. Which I it doesn’t stress me. Thats why I want to do everything π―% legal and not have any problems over something simple. My state hasn’t went REC yet. I wanted to learn and grow to help others like myself get back what was taken away from us. We all want to be able to function and maintain our health without more poison being pumped into us. I have many health issues from taking a birth control pill over 14 years ago. I had over 120 surgical procedures.
I also want to help the environment in many ways once I get established and going. There are many things cannabis can be used for.
I shared this information to help others. Its a lot of leg work to begin with but it will workout. Don’t give up. This has all been within the past 2 months 04 and 05 of 2021. I am almost finished with the setup of everything. However I am NOT worried.