Possible relief in sight for pot shop owners to operate as cashless businesses FOX13
A surge in robberies at licensed cannabis shops in the state of Washington — including a pistol-whipping, gunshots and killings — is helping fuel a renewed push for federal banking reforms that would make the cash-dependent stores a less appealing target.
Cannabis has been approved for recreational use in 19 states, and 37 more have legalized it medically. "We have lived in a country for years that continually thought that marijuana was a substance that is harmful," Briggs said."That is a misplaced artifact of the drug war," Bowers said. "But it means we can't get access to regular banking for most things, it makes the taxes that we pay really screwy, which makes it very difficult to run the business.
More importantly, Section 706 has business owners and managers feeling optimistic. The shift would then grant businesses federal banking, giving customers the opportunity to tap or swipe a card to pay.call that we've been robbed ," Bowers said. "That's just terrifying for the team that encounters that and so, so we're excited to have more tools in the toolbox. This has been a long time coming. I hope Congress actually moves it through this time because we really need it. It'll feel a lot better when we have more safety for our team.
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