Why some pot businesses hide their cash — and others truck it straight to a federal vault
The world of cannabis banking is so full of contradictions that one business can truck money to a federal facility while the other is left to play a high-stakes game of hide-and-seek with its cash.
Slip a fresh $20 bill under the bulletproof teller window of Donnie Anderson’s Medex marijuana dispensary on Century Boulevard — perhaps for a gram of cannabis or some THC-infused toffees — and the legal tender is transformed into something else: drug money.
Though the transaction is legal in California, under federal law that bill is not much different from the contents of a drug cartel’s safe — cash that most banks won’t touch.
Read More at LATimes.com
