Replies to post #83506 on Alternative Energy Partners Inc (AEGY)

[JakOfAllTrades]

Overall, the attorney thinks the new stance by the Obama administration is a positive step:

In the big picture it's a major leap forward. I always believed that once you get banks financially incentivized to take on this business, legalization is only days away.

Ethan Nadelmann, executive director of the Drug Policy Alliance, said this today:

I'm impressed by how the White House is trying to make this work, especially given the inability of Congress to do anything constructive in this area.

U.S. Rep. Jared Polis of Colorado sent out this statement today:

These guidelines demonstrate that the Attorney General recognizes the importance of granting legal marijuana businesses access to banking services available to all other legal businesses.

[neophyte184]

SCM,

Your concerns are of course valid ones, but I believe the banks will work out their own regulations with the businesses in that state. There is no way the banks will miss out on all that extra massive business due to a regulatory discrepancy such as exists in California.

Further, the fact remains that the current massive number of dispensaries in California are doing just fine as is without the big banks getting involved. Granted they may resort to strategies that other businesses would never employ such as armed guards and such, but with the revenues they are generating, they can afford such measures when needed.

Overall, I do not see the article you posted having any impact whatsoever on the bottom line of AEGY. Also, Pharmajanes is a website and will be expanding beyond the borders of Cali as conditions warrant:



PharmaJanes intends to roll out nationwide.



IMHO, AEGY is going to become a huge player in the virtual cannabis sales space.

GO AEGY!!!


http://ih.advfn.com/p.php?pid=nmona&article=60878835