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The Water Cooler
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Chinese gangsters rule the illicit marijuana trade in Oklahoma
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<blockquote data-quote="Glocktogo" data-source="post: 4239417" data-attributes="member: 1132"><p>A lot of people are willing to get their pot the legal (state) route, so they can still sell at a profit. Oklahoma produces a large excess of product, well beyond what the Oklahoma market will bear. That means a lot of it is grown with the intent of interstate transport. Legal weed for Oklahoma dispensaries out the front door, excess product for illegal shipment out of state via the back door. </p><p></p><p>Keep in mind that the "legal" pot industry is still persona non grata at most major financial institutions, so transferring money legitimately is still a problem. The same goes for other financial services, such as business loans. It's not that it's illegal for banks to do business with the pot industry, it's that there are much stricter banking regulations and compliance is a headache, so most banks just don't want to do it (see link below). That means a lot of it is still in cash and crypto, which invites predators and criminal activities. </p><p></p><p><a href="https://www.fincen.gov/resources/statutes-regulations/guidance/bsa-expectations-regarding-marijuana-related-businesses" target="_blank">https://www.fincen.gov/resources/statutes-regulations/guidance/bsa-expectations-regarding-marijuana-related-businesses</a></p></blockquote><p></p>
[QUOTE="Glocktogo, post: 4239417, member: 1132"] A lot of people are willing to get their pot the legal (state) route, so they can still sell at a profit. Oklahoma produces a large excess of product, well beyond what the Oklahoma market will bear. That means a lot of it is grown with the intent of interstate transport. Legal weed for Oklahoma dispensaries out the front door, excess product for illegal shipment out of state via the back door. Keep in mind that the "legal" pot industry is still persona non grata at most major financial institutions, so transferring money legitimately is still a problem. The same goes for other financial services, such as business loans. It's not that it's illegal for banks to do business with the pot industry, it's that there are much stricter banking regulations and compliance is a headache, so most banks just don't want to do it (see link below). That means a lot of it is still in cash and crypto, which invites predators and criminal activities. [URL]https://www.fincen.gov/resources/statutes-regulations/guidance/bsa-expectations-regarding-marijuana-related-businesses[/URL] [/QUOTE]
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Chinese gangsters rule the illicit marijuana trade in Oklahoma
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