> ...inability to keep money in proper banks, due to federal laws...
I agree. This contradiction (partly legal, partly not) discouraged typical law-abiding citizens from entering the MMJ business.
I think there was also a tax angle, in that you had a hard time reporting the MMJ income as taxable, but if you didn't, you were evading taxes.
The operator of a dispensary up the street from me was pinched by the feds boarding a private plane with a suitcase containing about $60K in cash. (It's not like it was a flight to Mexico, it was all within CA.)
So, like it or not, because of the way we have regularized MJ, that's the type of incumbent "businesspeople" we have.
I agree. This contradiction (partly legal, partly not) discouraged typical law-abiding citizens from entering the MMJ business.
I think there was also a tax angle, in that you had a hard time reporting the MMJ income as taxable, but if you didn't, you were evading taxes.
The operator of a dispensary up the street from me was pinched by the feds boarding a private plane with a suitcase containing about $60K in cash. (It's not like it was a flight to Mexico, it was all within CA.)
So, like it or not, because of the way we have regularized MJ, that's the type of incumbent "businesspeople" we have.