I can think of nothing better to test out the new auto-post to Twitter function than posting a picture of the Nye County Republican Women’s meeting last night. Thanks to Leo Blundo for his fast hand on the camera!
California Treasurer John Chiang put together a “Cannabis Banking Working Group” several months ago to study the contortions created by the juxtaposition of state cannabis legality and our republic’s illegalization.
It considers strategies in four areas:
- Tax and fee collections needs to be safer and more efficient
- Figure out how to get cannabis access to bank services
- Study creating a state-backed bank to create bank services for cannabis businesses
- Work to change federal law to respect the now loud voice of the states (the problems the CBWG noted exist in 30 states (including DC)).
after pointing to the following societal problems:
- Cannabis businesses are forced to accumulate staggering amounts of cash. Their customers must pay in cash, and cannabis businesses can’t get banks to create bank accounts for them to deposit the cash into, like other businesses. This makes their customers and employees targets of violent crime, and promotes tax evasion.
- It costs more to secure government locations for the payment of cash than it does to provide armored car service to pick the cash up. In addition, state law could create a state bank that took currency in and delivered it directly to the Federal Reserve for redemption.
- We’ll never stop the black market until this new industry has normal access to banking.
Here is a link to the report. As the Republican candidate for Nevada Treasurer, I would encourage Nevadans to take a look at the report. The short story is in the Executive Summary close to the top. Feel free to offer me your opinion – my cell is 702-592-8822.
Hope you can join us to help defray the cost of running statewide!
200 years ago today (1817), Spain was on top of the world. A major rival, England, had just suffered the embarrassing expulsion from its American colonies, whereas Spain was milking its American colonies quite profitably. In fact, at that time Las Vegas, Nevada was part of the Spanish territory of New Spain, although we did not contribute much to the economy.
Within five years, the locals drove the Spaniards back home, and created Mexico. The new government encouraged trade between the northernmost of the old Spanish colonies – Sante Fe, NM and Los Angeles, CA. Las Vegas was an important water stop on what we call today the Old Spanish Trail. Eventually, Washington won Las Vegas in the Mexican-American War in 1848.
It seems like Spaniards have been killing each other over the government ever since. It goes through periods of peace, but those are between some pretty nasty stuff.Ā This morning’s Review JournalĀ says they may be about to go at it again.
Here’s Wikipedia’s entry on the History of Spain.