Bags stuffed with cash add to pressure for cannabis banking law

Senator Jeff Merkley once shadowed a cannabis grower and dispenser as he tried to pay his state taxes. He stuffed a backpack with $70,000 in $20 bills and drove 50 miles — unguarded — with the bulging bag in the back seat. Once he arrived at the Oregon Department of Revenue, he went through multiple rounds of security to deposit his satchel in a room packed with guards looking after the millions of dollars pouring in from other cannabis companies.

Merkley, a Democrat from Oregon, likes to recount the story to show the lunacy of the federal government’s treatment of the

...read more at https://www.accountingtoday.com/articles/bags-stuffed-with-cash-add-to-pressure-for-cannabis-banking-law

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