InvestorsHub Logo
icon url

Cerp

06/16/14 7:56 PM

#12902 RE: johnny8544 #12901

The regulations that recently changed in Colorado might spread through more states.
icon url

DocMalibu

06/17/14 7:06 AM

#12905 RE: johnny8544 #12901

Yeah....that is the issue. States can kinda do what they want in a lot of areas....the federal side still has the over all set laws though. Just like CO has issues with how to pay taxes, deposit their cash, etc....that is working it's way out through the IRS and other entities now. Not sure the law people are talking about. But I remember seeing on some documentary about a month ago about how the federal side is being greatly pushed to lighten up on how the money is handled and how to deal with the banks. The banks are basically breaking the law if they do business with these stores. So they have to do all cash sales and then convert to money orders to pay bills, pay checks, etc....the banks won't open accounts with them and their business. These things are supposed to be chagning and lightening up though.......fingers crossed that the individual states start demanding their statehood rights agaisnt the federal side and get back to managing themselves a little more.