Since Colorado and Washington have been engulfed in a cloud of pot smoke, that means a lot of people making lots of money selling legal weed. Problem is that not a single bank will touch that cash for anything— even though pot is legal in Colorado and Washington for full recreational use, banks are still regulated by the the federal government and marijuana is still illegal at the federal level. Meaning any banks knowingly keeping money made from the sale of weed put this at a very real risk of gigantic federal fines, closure or both. So this means is a big problem for weed shop owners, who have to store and transport cash like it was the wild west— huge sums of cash with a car full of shotguns to prevent robbery.
Starting tomorrow across the state of Colorado, you’ll be able to buy weed for recreational use. But as of right now, there’s only a small number of shops that have been authorized. And then you’ll be standing in line for hours in really cold temperatures.
Colorado voters approved the recreational use of marijuana a couple years ago, and the law (or lack thereof) goes into effect on January 1, but Colorado lawmakers have expressed serious concerns that there won’t be nearly enough Rocky Mountain high to meet an incredibly high demand. They’re afraid this will leave people waiting in lines for hours in record cold temperatures to get the first sweet, sweet taste of legal CO weed.
For the last several years, every small election cycle in the US has brought one more city or state joining the bandwagon of marijuana legalization or decriminalization. And now some of the people who have helped to fuel America’s “green economic revolution” are taking their road show to the UK, where they hope to start building equal support for serious cannabis law reform.
Read more here