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Colorado lawmakers approve plan for pot banking

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  • Happy Valley Heretic Orem, UT
    May 8, 2014 10:00 a.m.

    Ridiculous, is their money not green too.

  • lost in DC West Jordan, UT
    May 8, 2014 10:01 a.m.

    since MJ is still illegal under federal law, the proceeds from its sale are still illicit under federal law. Financial institutions are required to file suspicious activity reports (SAR) when the proceeds from illicit activities are deposited. Would the onus to file those reports fall then on these new state chartered co-ops? The Federal Reserve still has to grant the co-ops access to the payment system. Who files the SAR, the co-op or the institution providng access to the payment system?

  • RedShirtCalTech Pasedena, CA
    May 8, 2014 11:49 a.m.

    If the proceeds from the sale of marijuana are illegal according to federal law, doesn't that mean that, at a minimum, the treasurer and governor of Colorado are comitting crimes because they are taking a cut from the proceeds of the sales?

    Why is the DOJ ignoring this obvious crime?

  • patriot Cedar Hills, UT
    May 8, 2014 3:55 p.m.

    Rocky Mountain High - I wonder if John Devner knew that this song would have a dual meaning for the state of Colorado? Colorado is turning in to a hippie utopia and as a result the laughing stock of the country. A state full of dope smok'en hippies - has to do wonders for Colorado's economic future. I'm certain a state filled with pot is certainly going to attact young families and great corporations.

  • kiddsport Fairview, UT
    May 9, 2014 1:07 p.m.

    Rather than investing in banks supporting this type of activity, you would be better off investing in Doritos. We have already begun to see casualties from this experiment in social laxity. It will only get worse.