Empyreal, a Pennsylvania company that transports cash for dispensaries, convenience stores and other clients in 28 states, relies on banks and credit unions to do the federally mandated due diligence on marijuana outfits whose cash it carries, said Deirdra O’Gorman, Empyreal’s chief executive. The company checks state licensing records to verify compliance, she said.
The next morning, the DEA put the driver under surveillance as she made her stops in Kansas City. On her way back through Kansas, the same sheriff’s deputy stopped her again on I-70. This time, the deputy seized the more than $165,000 in cash that the driver had collected at five state-licensed dispensaries in Missouri.
The deputy responded, “We’ll start taking them all down at once,” according to an Empyreal court filing. In its court papers, Empyreal says Deputy Jonathan Franco’s apparent confusion over how the company operates led him to falsely tell the judge that it converts dispensaries’ cash into cryptocurrency. Empyreal says Franco also falsely told the judge that some of the pot stores whose cash was in the van were unlicensed. Franco’s warrant application stated that Empyreal lacked a marijuana business license. The company says no license is required to carry cash from legal dispensaries to banks.
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Source: latimes - 🏆 11. / 82 Read more »