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Well are you going to keep it a secret or what
Thanks Neo. I'll be checking in from time to time.
No telling though, damn fidelity acct shows MWIP went down today yet hub shows green and so does my stock app on my phone - grrr
Just messin with ya Starman, I know you wouldn't - see ya in the am
Not mine, just went and checked
Starman don't get me started :)
You'll get it....just not tomorrow. Taking the Harley to the coast for 4 days. Leavin in the am - ya'll behave I'll be watchin
Well pilgrim, you aren't the Lone Ranger here.
Bahahahah maaaaaybe
That's right Neo. Last night I dreamt I ......nvm I'll get in trouble here rotflmao. Love you guys. See mañana
Green close - YES!!
No just medical card people ONLY. My youngest has one because she worked in a dispensary down in LA for a bit. We still get drug tested at work etc
Don't know if any of you are from CA but they wheels are in motion (filed yesterday) to get Legalization of MMJ on the Nov 2014 Ballot!!!
GOOD MORNING EVERYONE!!!! Perfect way to start my vacation - checking this board and seeing the fab news. Thank you Chief for all your hard work and dedication. Now lets strap on the seat belts and go for a MWIP RIDE!
Hey Neo - humanahumana - lets get this party started Ralph !!!
I knew you would clear up the questions - thank you o wise one!! Have a great evening!
We need turtle to take a look and decipher. If anyone can explain this - HE CAN.
It's not in whole foods in CA either. Was told by the mgr that we were a restricted market
Nothing on my fidelity acct either
Good for you!!! Lets hope this continues....
Such a pretty color too!! How was your golf game?
EVERYONE PUHLEEZE be positive. Negativity just sucks the life out of the board
Only said that because that is my GOAL. I know it's not happening any time soon but jeez once can dream - no?
NICE BOUNCE TODAY. Can't wait for tomorrow and/or 800 COMM. excitement creeping back again!!
Oh honey - new Harley? Gonna pay off my house first then he can have whatever his little heart desires!! BOUNCIE BOUNCE BOUNCE MWIP!!
Come on baby. Bounce like ya stole something!!!!!
Ok boys the games are about to begin. Bring it ON!!! Good luck everyone!! Oh and BTW everyone have an awesome weekend!!!
Time will tell, she's down 10% right now on my books
That would be amazing but I'm not going to hold my breath
Holy crap just about had a stroke - my fidelity acct just dropped $10k for about 2 seconds then went back to normal. Anybody else see something weird like that??
Wheeee wheeee wheeeee all the way home
Good job. Yeah I found the hub after I bought in too. Holding tough
Roller coaster?!?! Seriously this is more like auto rotating in a damn helicopter. Still here though I might need some oxygen before its over
Good morning puhup
I'm really glad to see that we still have positive posters. Cund, Neo and the rest - keep the faith!! MWIP long live the swipers
Hug News!!!
With Banks getting involved in this sector, it's
on now!!!
Bank of America: Legalized Pot Revenues Are OK
By Amanda Alix | More Articles
Bank of America (NYSE: BAC ) already has a jump-start on other institutions that may be looking to win the bid to be Washington state's bank of choice. B of A, the state's banker for the past seven years, may or may not wish to renew its contract. It has, however, indicated a willingness to do what rivals may not: handle state tax and fee revenues generated from the newly legal recreational marijuana industry.
This may seem like a no-brainer, since the business will no longer be illegal. But the fact that the state asked specifically about pot-related revenue indicates officials believe the issue could be problematic. Judging from the history of the legal medical marijuana trade, they could be right.
Legal, but not accepted
Sensibly, Bank of America noted that such monies would be little different than state revenue from medical marijuana, which it has almost certainly handled during its tenure as the state's main bank. But federal laws pertaining to drug laundering have scared many banks and credit card companies away from the budding industry.
This can be seen more clearly when it comes to medical marijuana dispensaries. Even B of A has shied away from handling accounts from those businesses, after being warned by the U.S. Drug Enforcement Administration more than five years ago. Wells Fargo (NYSE: WFC ) served dispensaries in Colorado until 2011, and in California as recently as last year, but it has also backed away in light of federal laws that still treat cannabis as a controlled substance.
This puts dispensaries in the position of having to conduct business in cash, a dangerous proposition. In early September, Visa (NYSE: V ) and MasterCard (NYSE: MA ) put a halt to the use of their credit cards at some California dispensaries, forcing even more transactions to be handled in cash. Though Visa stated that it had "not changed its policy," both companies may have been spooked by a threatened forfeiture action against a large dispensary in Oakland by the U.S. Attorney's Office in San Francisco.
Feds moderating their position
The government may be changing its attitude, however. The Huffington Post reported that a phone call between Attorney General Eric Holder and the governors of Colorado and Washington in late August addressed the issues of relationships between legally operating marijuana businesses and banks, including the concern about safety when entities are forced to deal solely in cash.
At minimum, the Department of Justice is not planning to interfere with the two states' legalization of marijuana and indicated that banks working with legal vendors of cannabis probably won't be charged with any federal drug crimes, including money laundering.
A profitable enterprise
Of course, doing business with a state government is much different than taking large cash deposits from pot growers, but a softening of the government's stance will go a long way toward opening up what promises to be a lucrative legalized marijuana industry. Though Colorado's revenue estimate of $60 million per year through 2017 has been criticized as being too high, the plan to institute taxes totaling 25% on pot sales should certainly help bridge any budget shortfall.
Washington state also plans a 25% tax on the production and sale of recreational marijuana, and the state plans to begin collecting licensing fees in November, and other taxes by next March. Though no one knows for certain, the state estimates receipts could total between $1.4 billion and $3.2 billion over a 10-year period.
As the concept of legalized marijuana gains traction, it will doubtless begin to spread beyond the few states that embrace it today. This means big money for state governments, as well as businesses that deal with the industry, either directly or indirectly. This includes financial institutions, which means that Bank of America may have opened itself up to a whole new profit stream.
Huge news!!! B of A is on board
That would be a mighty pleasant ride.
Good morning all - happy Thursday to everyone. Here's a toast to HOPING we had surgery to stop the bleeder