See, this is problem with liberal-libertarian “alliances:” God help the latter if the former disagree with them on something. Like, you know, pot legalization:
Colorado’s medical-marijuana dispensaries can sell the stuff just fine — and would-be vendors of the recreational variety hope to do the same once rules are put in place this year.
But there is little that those businesses can legally do with their cash other than put it in a safe or bury it. No bank, credit union or financial-services company can knowingly accept business accounts with any trace of a marijuana connection. If they do, it’s a federal crime.
Note the emphasis on “legal:” illegally there’s a bunch of stuff that businesses can do, starting with money laundering. I will avoid belaboring the point that it is somewhat surreal to ban a business operating legally under state law from essential and elementary business transactions, but I will make two points:
- If you are upset that the federal government is apparently capable and eager to interfere in a particular arena that should be strictly state business and arguably none of it its own, guess what: it does that everywhere else, too.
- The US Supreme Court case you should be cursing at this point is Wickard v. Filburn. In more ways than one. Still love that “The Commerce Clause lets us do anything we dang well please” strategy, o ye recreational marijuana users? – Because, again, it’s not just restricted to pot policy.