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?

* * Google or lookup R NAUGHT IF Ya happen 2 be worried about COVID19 It's 10 FOR COVID19

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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