Monday, March 24, 2014

Colorado: US Banks Refuse to Do Business with Pot Shops, Is Unleashed Impairment In Our Future?

According to The Edmonton Sun and QMI Agency, US banks reportedly won't do business with newly legalized marijuana shops in Colorado, forcing pot sellers to stuff their safes with drug money.

Several marijuana shops in Colorado told QMI Agency that the bank freeze-out is creating serious security problems, even as businesses have flourished.

Retailers have sold $14 million worth of marijuana since legislators legalized the drug on January 1, 2014.

Since marijuana sales are still banned at the federal level, shop owners and growers can't open federally-regulated bank accounts or secure loans from institutions. They've been running cash businesses, piling stacks of bills into safes.

Even armored trucks refuse to collect the money piling up because they're protected by federal insurance companies.

Other complications include Paypal closing pot producers' accounts as a result of the industry they represent.

COMMENT: I hate to rain on anyone's parade, but Colorado's mushrooming pot production business is contributing to the wholesale impairment of Coloradans and perhaps, in time, Washington citizens as well as other states that lose complete touch of their senses.

According to the World Health Organization (WHO) there are already 140 million alcoholics worldwide.

To make matters worse, according to the below link, researchers' estimate that global illicit drug usage will range from 142 to 271 million people: approximately 1 in every 20 people aged from 15 to 64 years:

http://www.medicalnewstoday.com

Even in the US where sovereign states have passed laws authorizing patients to ingest medical marijuana for a number of medical maladies, law enforcement agencies are perplexed in how to measure motorists, pilots, vessels, yachts, etc., determining a citizen's physical and emotional alertness to safely operate such vehicles is now in question. 

Some proponents seem to be advocating that in time all US states will legalize marijuana consumption?

Are you frigging serious! Do educated legislators who may or may not be emotionally well truly believe this is a good idea?

Indeed, the jury is still out that marijuana is a "gateway" drug, so why not let's close that loop before the entire country is impaired on something?

In January 2014, US President Barack Obama told NEW YORKER that although he views pot as "a bad habit and a vice ... I don't think smoking marijuana is more dangerous than alcohol." Really?

Colorado raised $3.5 million in taxes from a single month's sale of marijuana. The state expects to collect more than $40 million in pot-tax revenues by the end of the year. This revenue reportedly will be used to fund school construction and, ironically, youth pot-prevention programs.

According to figures from the Marijuana Enforcement Division, the Colorado state agency that regulates the new industry, Colorado has 181 pot shops and 234 cannabis plantations.

Colorado Gov. John Hickenlooper (D-CO) said marijuana sales could reach $610 million next year (2014), according to USA TODAY.

Tragically, once US states realize how much disposable funds they can assemble from legalized pot production, everyone in the country will be endlessly "high."

Recently, a marijuana industry job fair attracted 1,240 people to Denver, and 40% of the applicants were from outside Colorado. THE DENVER POST reports that industrial marijuana-manufacturing facilities in the city occupy the equivalent of 78 football fields.

THE POST also reports that 15% of all impaired driving arrests in January 2014 were marijuana-related, though alcohol was the main cause.

Please...can someone please tell me when this insanity will end? When will most Americans be impaired on "something"?

If so...when will the US, including its president, become a "has-been" state? What country will future generations look to for leadership?