Bank Fraud Allegations Test Marijuana Business

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The prosecution of a German businessman for conspiracy to commit bank fraud could have profound consequences for medical and recreational marijuana industries in the U.S.

On March 9, a German businessman named Ruben Weigand was arrested at Los Angeles International Airport, during a layover on his way to Costa Rica. In an indictment unsealed later that week, federal prosecutors in Manhattan charged Mr. Weigand with a single count of conspiracy to commit bank fraud, stemming from an alleged scheme to trick banks into processing more than $100 million in marijuana sales.

The case doesn’t appear to be focused on the drugs themselves—the underlying sales seem to have been legal under state laws....

 

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So they’re being prosecuted for putting money in the bank? Really?

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Easy fix. legalize Cannabis and tax it like any other business. Then the money spent on useless drug enforcement can be used towards something a little more productive. End the war in drugs.

It's just an excuse to keep cannabis illegal...Are cannabis shops allowed to bank yet...?...

well; process it and pay the taxes......... dahhh......

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