Cannabis and Government
It took me a long time to realize how our Government is a business. It was after Hurricane Sandy watching how FEMA operates. You pay the Government for FEMA-backed insurance, and then if there is a flood, they send you twenty-five cents on the dollar to rebuild. You pay your insurance bill to the Government every month, and then they turn around and screw their people. Yep, that’s how it works.
I read this title on theblacklistxyz; The U.S. government is the largest launderer of marijuana money in the nation. Then I continued to read, and it perfectly articulated what is happening in cannabis, in a nutshell.
How Uncle Sam Launders Marijuana Money. In a blatant example of “do as I say, not as I do,” the U.S. Government profits handsomely from taking pot money while imposing huge penalties on banks for the same practice. Unlike patented pharmaceuticals, which are now the leading cause of death from drug overdose, that have been no recorded deaths from marijuana overdose in the U.S. By comparison, alcohol causes 30,000 deaths annually, and prescription drugs taken as directed are estimated to kill 100,000 Americans per year.
Under federal law, however, marijuana remains a Schedule I controlled substance – a “deadly dangerous drug with no medical use and high potential for abuse” – and its possession remains a punishable offense.
The U.S. Government will make billions in taxes from the Cannabis industry this year, while only 24% of cannabis businesses are profitable. Regulating a new industry is not easy, but operating with archaic rules, regulations, no banking, and taxation is utterly ridiculous.