Pot, Taxes & Those Pesky Banks: Oopsies! State Lawmakers Culpable?

[theDoctorisIn]

Seems that states legalizing federally illegal substances are running into problems:

California treasurer wants the state to study a public bank option for pot businesses
along with looking into the creation of a public bank, another of the recommendations from Chiang’s group is to form a multistate group to lobby Congress to ease federal restrictions on cannabis.

“A definitive, bulletproof solution will remain elusive” without federal deregulation, Chiang said at a news conference Tuesday announcing the recommendations. “That is not an excuse for inaction.”

So CA's leadership is saying "look, we're going to break the law and the fed had better get it's act together and legalize what we've decided to illegally do" Technically, CA leaders should have never approved legalization for the ballot to even be voted on. Which was within their powers (and obligation) to deny given federal regulations. Now they're saying "we're doublin' down on being outlaws...bitches!"

In response to that hubris it seems the fed has these states by the short hairs inasmuch as their state tax forms must also match the federal ones... ...and the banks...oh yeah, the banks...

...it seems that the fed is telling banks that get FDIC coverage that doing business with federally-illegal drugs is a no-no.

Ooopsies! So now those states fallback is "let's convince the fed to pull pot off the controlled substance list"? What happens when a state wants to grow opium latex for sale? Petition the fed on that too?

This could get interesting. I mean, do you also file federal taxes for hits you did for the mob and the money they paid you? Where does the fed draw the line at revenue from what it considers crime? And if the fed takes crime money, is that legal for the fed to do?

Discuss.

These State drug cartels can be prosecuted under RICO and all taxes collected, profits from the growers and sellers and all property involved, purchased with or used in the growing, packaging or the flow of the profits could be seized. And all involved could be jailed. I'm just wondering why Sessions hasn't done it yet.


.

Those "cartels" are local small businesses who contribute to the community and employ a lot of people.

Our local pot store went out of business, folded up like a cheap lawn chair. But then we are a church community and we let them know we didn't want their kind in our community.

Of course it did.

 

[Silhouette]

Californians need their own, central bank.

Yes but see the thing is, banks need their facade to be backed up by stout integrity. Have you seen CA's budget crisis lately?

Yeah, "The Bank of California". Go ahead, stick your wad in that one and see what happens. They are so stupid in Sacramento that they still can't figure out that selling pot across their borders to states where it's illegal still (that's their plan, believe it or not) is going to bring that whole thing crashing down on their backs. Good luck with that "bank"...

If Mexico can't sell pot to New York, California cannot either.

 

[Jarlaxle]

So heroin should be legal according to you?

Yes, next question.

Wow you really don't think ahead well do you?

Actually, yes, I do. Have you ever had a THOUGHT in your life, Silly?

 

[theDoctorisIn]

Californians need their own, central bank.

Yes but see the thing is, banks need their facade to be backed up by stout integrity. Have you seen CA's budget crisis lately?

Yeah, "The Bank of California". Go ahead, stick your wad in that one and see what happens. They are so stupid in Sacramento that they still can't figure out that selling pot across their borders to states where it's illegal still (that's their plan, believe it or not) is going to bring that whole thing crashing down on their backs. Good luck with that "bank"...

If Mexico can't sell pot to New York, California cannot either.

You seem to be confused.

The State of California doesn't sell cannabis.

Neither, for that matter, does the country of Mexico.

 

[OKTexas]

These State drug cartels can be prosecuted under RICO and all taxes collected, profits from the growers and sellers and all property involved, purchased with or used in the growing, packaging or the flow of the profits could be seized. And all involved could be jailed. I'm just wondering why Sessions hasn't done it yet.


.

I can see the fed staying out of it as long as the trade is contained within the state that "legalized" it. But when as in recent weeks, California exports its excess to New York, where it is illegal still, then the fed should step in and start bitch-slapping the states responsible for exporting to other states.

This is where the problem is: The states that have "legalized" the still-illegal narcotic pot, are planning on letting BigTobacco come in and mass produce for exports. So unless these five or six states plan to export recreational weed to each other only, and can prove they'll limit it to that, we have on our hands about five or six Mexicos within US borders who intend to export illegally to other states where it's banned.

It's just like a rat's nest of legal and illegal regulations all colliding with each other. And we still fund eradication of pot in Mexico????? Why? Mexico's response to its old benign trade being mass produced in the US and driving the prices down was to up its exports of heroin. They're going to make their money one way or the other. By legalizing weed we essentially stimulated a boon in the heroin epidemic in the US.

We're kinda smart huh?

Some States around CO have sued them for their product crossing State lines. That's the neat little thing about putting markers in the pot so it can be proven that it was taxed, it can also be tracked.


.

You're a little behind.

Supreme Court denies Oklahoma and Nebraska challenge to Colorado pot – The Denver Post

Not hearing it without explanation isn't denying it, it just means they have to go through the lower courts first, they will wind up hearing it. They should have done it in the first place, they have primary jurisdiction.


.

Actually, lower courts have questionable jurisdiction in lawsuits between the governments of different states, which is why it was filed directly with the SCOTUS, which has original jurisdiction in cases between states - as made incredibly clear in Article III, Section 2 of the Constitution.

Their refusal to hear it now implies that they don't want to step into this particular fight - meaning that unless a significant change in the status quo develops, they are unlikely to grant certiorari, should this lawsuit be filed in a district court.

That remains to bee seen. They have original jurisdiction between States and the feds also, but they are still making States go through the lower courts, they are basically delegating the trial process to the lower courts even though they have original jurisdiction.


.

 

[OKTexas]

Californians need their own, central bank.

Yes but see the thing is, banks need their facade to be backed up by stout integrity. Have you seen CA's budget crisis lately?

Yeah, "The Bank of California". Go ahead, stick your wad in that one and see what happens. They are so stupid in Sacramento that they still can't figure out that selling pot across their borders to states where it's illegal still (that's their plan, believe it or not) is going to bring that whole thing crashing down on their backs. Good luck with that "bank"...

If Mexico can't sell pot to New York, California cannot either.

You seem to be confused.

The State of California doesn't sell cannabis.

Neither, for that matter, does the country of Mexico.

Sure they do, every State that has legalized pot, sells it. Through licensing, they are silent partners and they get their cut on every sale.


.

 

[OKTexas]

Seems that states legalizing federally illegal substances are running into problems:

So CA's leadership is saying "look, we're going to break the law and the fed had better get it's act together and legalize what we've decided to illegally do" Technically, CA leaders should have never approved legalization for the ballot to even be voted on. Which was within their powers (and obligation) to deny given federal regulations. Now they're saying "we're doublin' down on being outlaws...bitches!"

In response to that hubris it seems the fed has these states by the short hairs inasmuch as their state tax forms must also match the federal ones... ...and the banks...oh yeah, the banks...

...it seems that the fed is telling banks that get FDIC coverage that doing business with federally-illegal drugs is a no-no.

Ooopsies! So now those states fallback is "let's convince the fed to pull pot off the controlled substance list"? What happens when a state wants to grow opium latex for sale? Petition the fed on that too?

This could get interesting. I mean, do you also file federal taxes for hits you did for the mob and the money they paid you? Where does the fed draw the line at revenue from what it considers crime? And if the fed takes crime money, is that legal for the fed to do?

Discuss.

These State drug cartels can be prosecuted under RICO and all taxes collected, profits from the growers and sellers and all property involved, purchased with or used in the growing, packaging or the flow of the profits could be seized. And all involved could be jailed. I'm just wondering why Sessions hasn't done it yet.


.

Those "cartels" are local small businesses who contribute to the community and employ a lot of people.

Sessions hasn't done it because the tide of public opinion has changed, and even this administration doesn't want to deal with the optics of arresting grandmothers and community leaders for a crime that the majority of Americans believe should be legal.

No the cartel is the State who licenses the growers and sellers and collects their portion of the profits, it's organized crime at the highest level.


.

No, that's regulated capitalism.

You must realize that you guys have already lost this fight.

Right?

The Supremacy Clause is one of the regressives bedrock defenses of federally mandated change, it's hilarious how quickly you can become stone hypocrites when it suits you. LMAO It must be nice to have no moral compass.


.

Hey Doc, you seem to have missed this one, kitty cat got your tongue?


.

 

[my2¢]

another problem with a simple solution --

get bankers and lawmakers together in Vegas at a National convention - serve Cronic Brownies and Purple Haze Tea for refreshments - at the end of the day, legalize pot in every state in the country.

end probelm-o

You crack me up. In their Vegas haze I'm picturing them calling a Constitutional Convention and imagining all sorts of changes besides legalized pot. Your idea would make for a great movie.

 

[Silhouette]

Californians need their own, central bank.

Yes but see the thing is, banks need their facade to be backed up by stout integrity. Have you seen CA's budget crisis lately?

Yeah, "The Bank of California". Go ahead, stick your wad in that one and see what happens. They are so stupid in Sacramento that they still can't figure out that selling pot across their borders to states where it's illegal still (that's their plan, believe it or not) is going to bring that whole thing crashing down on their backs. Good luck with that "bank"...

If Mexico can't sell pot to New York, California cannot either.

You seem to be confused.

The State of California doesn't sell cannabis.

Neither, for that matter, does the country of Mexico.

Sure they do, every State that has legalized pot, sells it. Through licensing, they are silent partners and they get their cut on every sale.


.

Thank you for that refreshing visitation to the truth, the whole truth and nothing but the truth.

 

[danielpalos]

Californians need their own, central bank.

Yes but see the thing is, banks need their facade to be backed up by stout integrity. Have you seen CA's budget crisis lately?

Yeah, "The Bank of California". Go ahead, stick your wad in that one and see what happens. They are so stupid in Sacramento that they still can't figure out that selling pot across their borders to states where it's illegal still (that's their plan, believe it or not) is going to bring that whole thing crashing down on their backs. Good luck with that "bank"...

If Mexico can't sell pot to New York, California cannot either.

That is your story; we need a central bank of California.

 

[debbiedowner]

Go ahead. Eat a couple of pot brownies & go for a drive. Tell it to the judge when the cop that pulls you over sees that you are obviously narcotically intoxicated.

It's already becoming a problem new dui in recreational states. Drinking & driving is banned already.

A poster claimed pot isn't a narcotic. That's just a flat out lie.

Whereas your story claiming a mythical "friend" ate some brownies and puked for three days was --- what?

Again, driving under influence of alcohol is banned, because it slows down reaction times. And that's measurable, scientifically. You can even measure it with complete strangers who don't puke for three days.

There's no such evidence with cannabis.

She had a mythical friend while high on acid.

 

[Silhouette]

Californians need their own, central bank.

Yes but see the thing is, banks need their facade to be backed up by stout integrity. Have you seen CA's budget crisis lately?

Yeah, "The Bank of California". Go ahead, stick your wad in that one and see what happens. They are so stupid in Sacramento that they still can't figure out that selling pot across their borders to states where it's illegal still (that's their plan, believe it or not) is going to bring that whole thing crashing down on their backs. Good luck with that "bank"...

If Mexico can't sell pot to New York, California cannot either.

That is your story; we need a central bank of California.

The story is a bit bigger than that. It seems California has to not be equivalent to Mexico first.

 

[BluesLegend]

Seems that states legalizing federally illegal substances are running into problems:

California treasurer wants the state to study a public bank option for pot businesses
along with looking into the creation of a public bank, another of the recommendations from Chiang’s group is to form a multistate group to lobby Congress to ease federal restrictions on cannabis.

“A definitive, bulletproof solution will remain elusive” without federal deregulation, Chiang said at a news conference Tuesday announcing the recommendations. “That is not an excuse for inaction.”

So CA's leadership is saying "look, we're going to break the law and the fed had better get it's act together and legalize what we've decided to illegally do" Technically, CA leaders should have never approved legalization for the ballot to even be voted on. Which was within their powers (and obligation) to deny given federal regulations. Now they're saying "we're doublin' down on being outlaws...bitches!"

In response to that hubris it seems the fed has these states by the short hairs inasmuch as their state tax forms must also match the federal ones... ...and the banks...oh yeah, the banks...

...it seems that the fed is telling banks that get FDIC coverage that doing business with federally-illegal drugs is a no-no.

Ooopsies! So now those states fallback is "let's convince the fed to pull pot off the controlled substance list"? What happens when a state wants to grow opium latex for sale? Petition the fed on that too?

This could get interesting. I mean, do you also file federal taxes for hits you did for the mob and the money they paid you? Where does the fed draw the line at revenue from what it considers crime? And if the fed takes crime money, is that legal for the fed to do?

Discuss.

These State drug cartels can be prosecuted under RICO and all taxes collected, profits from the growers and sellers and all property involved, purchased with or used in the growing, packaging or the flow of the profits could be seized. And all involved could be jailed. I'm just wondering why Sessions hasn't done it yet.


.

Those "cartels" are local small businesses who contribute to the community and employ a lot of people.

Our local pot store went out of business, folded up like a cheap lawn chair. But then we are a church community and we let them know we didn't want their kind in our community.

Of course it did.

It sure did, my guess is they moved back to libville across the river with the freaks from CA.

 

[BluesLegend]

Seems that states legalizing federally illegal substances are running into problems:

California treasurer wants the state to study a public bank option for pot businesses
along with looking into the creation of a public bank, another of the recommendations from Chiang’s group is to form a multistate group to lobby Congress to ease federal restrictions on cannabis.

“A definitive, bulletproof solution will remain elusive” without federal deregulation, Chiang said at a news conference Tuesday announcing the recommendations. “That is not an excuse for inaction.”

So CA's leadership is saying "look, we're going to break the law and the fed had better get it's act together and legalize what we've decided to illegally do" Technically, CA leaders should have never approved legalization for the ballot to even be voted on. Which was within their powers (and obligation) to deny given federal regulations. Now they're saying "we're doublin' down on being outlaws...bitches!"

In response to that hubris it seems the fed has these states by the short hairs inasmuch as their state tax forms must also match the federal ones... ...and the banks...oh yeah, the banks...

...it seems that the fed is telling banks that get FDIC coverage that doing business with federally-illegal drugs is a no-no.

Ooopsies! So now those states fallback is "let's convince the fed to pull pot off the controlled substance list"? What happens when a state wants to grow opium latex for sale? Petition the fed on that too?

This could get interesting. I mean, do you also file federal taxes for hits you did for the mob and the money they paid you? Where does the fed draw the line at revenue from what it considers crime? And if the fed takes crime money, is that legal for the fed to do?

Discuss.

These State drug cartels can be prosecuted under RICO and all taxes collected, profits from the growers and sellers and all property involved, purchased with or used in the growing, packaging or the flow of the profits could be seized. And all involved could be jailed. I'm just wondering why Sessions hasn't done it yet.


.

Those "cartels" are local small businesses who contribute to the community and employ a lot of people.

Our local pot store went out of business, folded up like a cheap lawn chair. But then we are a church community and we let them know we didn't want their kind in our community.

I figure you prefer cheap booze and Oxys, then?

I don't drink or take drugs, nice try but FAIL.

 

[Harry Dresden]

Seems that states legalizing federally illegal substances are running into problems:

California treasurer wants the state to study a public bank option for pot businesses
along with looking into the creation of a public bank, another of the recommendations from Chiang’s group is to form a multistate group to lobby Congress to ease federal restrictions on cannabis.

“A definitive, bulletproof solution will remain elusive” without federal deregulation, Chiang said at a news conference Tuesday announcing the recommendations. “That is not an excuse for inaction.”

So CA's leadership is saying "look, we're going to break the law and the fed had better get it's act together and legalize what we've decided to illegally do" Technically, CA leaders should have never approved legalization for the ballot to even be voted on. Which was within their powers (and obligation) to deny given federal regulations. Now they're saying "we're doublin' down on being outlaws...bitches!"

In response to that hubris it seems the fed has these states by the short hairs inasmuch as their state tax forms must also match the federal ones... ...and the banks...oh yeah, the banks...

...it seems that the fed is telling banks that get FDIC coverage that doing business with federally-illegal drugs is a no-no.

Ooopsies! So now those states fallback is "let's convince the fed to pull pot off the controlled substance list"? What happens when a state wants to grow opium latex for sale? Petition the fed on that too?

This could get interesting. I mean, do you also file federal taxes for hits you did for the mob and the money they paid you? Where does the fed draw the line at revenue from what it considers crime? And if the fed takes crime money, is that legal for the fed to do?

Discuss.

These State drug cartels can be prosecuted under RICO and all taxes collected, profits from the growers and sellers and all property involved, purchased with or used in the growing, packaging or the flow of the profits could be seized. And all involved could be jailed. I'm just wondering why Sessions hasn't done it yet.


.

Those "cartels" are local small businesses who contribute to the community and employ a lot of people.

Our local pot store went out of business, folded up like a cheap lawn chair. But then we are a church community and we let them know we didn't want their kind in our community.

you do realize that many "religious" people smoke pot....

 

[initforme]

Some want to legislate things such as pot....but they believe in liberty and freedom....only if it fits their agenda. Anti Americans big time.

 

[Silhouette]

Some want to legislate things such as pot....but they believe in liberty and freedom....only if it fits their agenda. Anti Americans big time.

I guess there's the freedom to murder too. Should we not legislate for that either?

 

[Jarlaxle]

Silly, does it HURT to be this dense?

 

[Silhouette]

Silly, does it HURT to be this dense?

The point is where do we draw the line on deregulation of law? Does it hurt to be that willfully obtuse?

 

[Jarlaxle]

Look, I understand...you simply aren't too bright. Stop screeching that fact from the rooftops.