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Re: Gee4030 post# 14183

Friday, 11/05/2021 5:17:26 PM

Friday, November 05, 2021 5:17:26 PM

Post# of 21269
I agree. SAFE banking is common sense. I understand how some will feel it is catering to corporate America but in reality it is just unsafe for these businesses to be forced to make all cash transactions when they have serious amounts of cash they are moving. It not only puts a strain on the businesses to protect that cash, and their employees, but also the local police (that protect the community) these businesses operate in. Here is a recent article that hits close to home -- LivWell had 15 burglary attempts in 90 days last year -- https://www.westword.com/marijuana/colorado-livwell-burglary-cash-cannabis-banking-12660338
Plus, it makes sense from a grasping just how much of a money flow this industry transacts. Give the industry access to banking, this will set up a money paper trail which will better assist the local, state and federal govts to understand just how much business is occurring -- and whether or not they are paying (accurate) taxes. Then once you have a better understanding, determine what can be done to carry out the other 'comprehensive' aspects.
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