How Uncle Sam Launders Marijuana Money

By Ellen Brown : truthdig – excerpt

Thirty states and the District of Columbia currently have laws broadly legalizing marijuana in some form. The herb has been shown to have significant therapeutic value for a wide range of medical conditions, including cancer, Alzheimer’s disease, multiple sclerosis, epilepsy, glaucoma, lung disease, anxiety, muscle spasms, hepatitis C, inflammatory bowel disease and arthritis pain. The community of Americans who rely on legal medical marijuana was estimated to be 2.6 million people in 2016 and includes a variety of mainstream constituency groups like veterans, senior citizens, cancer survivors and parents of epileptic children. Unlike patented pharmaceuticals, which are now the leading cause of death from drug overdose, there 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

The Government Has “Unclean Hands” As explained by Dr. Richard Rahn, author of “The End of Money and the Struggle for Financial Privacy”…

The law has focused on banks, but all sorts of businesses accept money without asking where it came from or being required to report “suspicious activity.” As Rahn observes, even governments can be indicted for and convicted of money laundering. Strictly construed (as Sessions insists when interpreting the law), that means the U.S. government itself could be indicted…

The government makes a massive profit off the deal, snatching up to 70 percent of the proceeds of the reporting businesses, as opposed to the more typical rate of 30 percent. It does this by branding marijuana businesses criminal enterprises, which are not entitled to deduct their costs when reporting their income.

This is not only a clear case of the unequal protection of the laws but is a clear admission by the government that it is knowingly accepting illegal funds. The government is a principal beneficiary of a business the government itself has made illegal… (more)

Now that cannabis is legal in California, one wonders if a prescription is needed to procure the medical brand of CBDs that does not get you high, but, could relieve pain. It seems as if you may purchase salves and lotions, but, taxes may apply without the prescription. Will check that out. You may purchase stock in Cannabis Sativa Inc. (CBDS) at any rate. It’s cheap now, around $6.30 a share.

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