canndo
Well-Known Member
where is the like button?
Banks can now do business with the Weed business
- Thread starter ChesusRice
- Start date
where is the like button?
canndo
Well-Known Member
I'm going to tell a story, it happens to be true.
I and some partners set out to erect a dispensary. The very first thing we did was to hire a lawyer, a very good lawyer who had been convinced that he was a good marijuana lawyer.
Our conversations with our lawyer came straight out of "catch 22"
First, you need to obtain a business license
Ok, so how do you get that?
You can't, you see, there are two methods of getting business licenses, one is to select from a list of operations one can legaly set up in the municipality you intend to be in.
OK, so how do we do that?
You can't, there is no category Vending Marijuana.
OK, what is the other way
You can directly pettion the city council
OK, so we do that, right?
No, because you have to have been denied a business license - WITH the correct category in order to do so
OK, so we don't get a business license
No, if you don't have a business license you will be fined
So what do we do?
You give me 40,000 dollars and we fight, there is no guarantee but I sure would like to fight it for you.
In other words, even full legalization in a state - OR even federal, is no guarantee that you are bullet proof.
What WAS interesting is that there is a category for selling herbs or medicinal plants - except for federal or state illegal ones. In other words, I could simply state that I wanted to sell clothing and would not need to describe "shirts, underwear, nightgowns". But I would need to do just that in the case of marijuana.
It would have cost us well over 90,000 dollars for the chance to fight the municipality let alone the bank, the building owner, zoning (no dispensaries in unencorporated areas), and retention of a lawyer, let alone purchasing product from dubious growers.
I and some partners set out to erect a dispensary. The very first thing we did was to hire a lawyer, a very good lawyer who had been convinced that he was a good marijuana lawyer.
Our conversations with our lawyer came straight out of "catch 22"
First, you need to obtain a business license
Ok, so how do you get that?
You can't, you see, there are two methods of getting business licenses, one is to select from a list of operations one can legaly set up in the municipality you intend to be in.
OK, so how do we do that?
You can't, there is no category Vending Marijuana.
OK, what is the other way
You can directly pettion the city council
OK, so we do that, right?
No, because you have to have been denied a business license - WITH the correct category in order to do so
OK, so we don't get a business license
No, if you don't have a business license you will be fined
So what do we do?
You give me 40,000 dollars and we fight, there is no guarantee but I sure would like to fight it for you.
In other words, even full legalization in a state - OR even federal, is no guarantee that you are bullet proof.
What WAS interesting is that there is a category for selling herbs or medicinal plants - except for federal or state illegal ones. In other words, I could simply state that I wanted to sell clothing and would not need to describe "shirts, underwear, nightgowns". But I would need to do just that in the case of marijuana.
It would have cost us well over 90,000 dollars for the chance to fight the municipality let alone the bank, the building owner, zoning (no dispensaries in unencorporated areas), and retention of a lawyer, let alone purchasing product from dubious growers.