On: Where Pot Entrepreneurs Go When the Banks Say No

[saganus]

Is it organised crime having piles of cash from otherwise legal activity?

Let's assume there is no federal vs state legality issues and instead it's just "legal". If selling X product generates large quantities of cash, is that organised crime?

I would think not, but then again I'm not a lawyer so I could be wrong. If I am wrong then yeah, the idea is definitely not sound.

[TheSpiceIsLife → saganus]

If the activity is wholly legal then there isn't a problem looking for a solution: existing cash handling services will gladly do business with you.

Taking in large sums of cash and swapping it over for some cryptocurrency or another is bound to attract at least a few people who have need to launder cash. Thus, the service is likely to run afoul of Know Your Customer regulations etc etc.

As others have pointed out elsewhere in the comments, we ought, in my opinion, fully legalise and regulate the industry.

[dragonwriter → saganus]

> Is it organised crime having piles of cash from otherwise legal activity?

Selling marijuana in the United States is not a legal activity. It's a federally prohibited activity that if you are really successful at it (simply by amount of money made) can be charged as a felony with a mandatory life sentence (in the no-parole federal system, where a life sentence actually means life.)