Amendment 64 pushes need for pot banks: Could tribal nations be the solution?

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Rob Corry.
While Governor John Hickenlooper had a conference call with U.S. Attorney General Eric Holder to talk about the federal response to the passage Amendment 64, and Mason Tvert, the architect of that victory, was chatting with Bill Maher, hundreds of people gathered in Denver for the National Marijuana Business Conference 2012, which notably did not have "medical" in its title and carried the slogan, "Let's Get Down to Business."

But how do you get down to business when banks will not do business with you?

One of the convention panels tackled that sticky topic, which Hilary Bricken, an attorney with Washington-based Canna Law Group, summed up as "tumultuous." While there are no laws on the books preventing banks from doing business with marijuana firms, she notes, banks concerned about the bottom line will nonetheless sever relationships with those operations on their own, just as credit-card companies have.

Shawn Coleman, a former aide to Jared Polis, worked with the last Colorado bank to openly open accounts for marijuana businesses; that ended last year. Polis also pushed a bill that would have put the ability for banks to work with marijuana businesses officially on the books, but the proposal didn't make it to the floor. He has more hope for Congress now, with at least fifteen members of the House assigning staffers to work on marijuana, and a senator-elect who's marijuana-friendly.

But for people who are part of the green rush, the most intriguing opportunity might lie not with the Colorado Legislature (Pat Steadman tried a credit-union plan last year that was defeated by the banking industry, and state lawmakers will have their hands full writing and passing the enabling legislation for Amendment 64) and not in Congress, but with Indian tribal governments. From the audience, local attorney Robert Corry brought up the possibility of working with Indian-owned banks. "Their treaties supersede federal laws," he pointed out. And as sovereign nations, Indian reservation could work with marijuana businesses with no fear of federal oversight.

The gold rush and the subsequent fight for Indian lands helped start those reservations. Maybe the green rush will help give tribes their due.

Miss Mason Tvert on Bill Maher? Check out "Video: Marijuana Amendment 64's Mason Tvert should help pass act in Cali, says Bill Maher."


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56 comments
Monkey
Monkey

A federally illegal industry should have a federally illegal bank, fuck um right. I'll do it, give me your money. $10,000 minimum balance, one year commitment. Online employee payroll and cash deposits and withdraw between 7:00am and 7;00pm. mon-fri. Armored car service pickups and I'll even put up some kiosks with ATMs in high concentration areas of dispensaries. I'll even insure each account for $100, 000 to customers that maintain at least $100,000 with me. Someone will convince you people to do something like this, it might as well be me. I bet I can get Robby boy to promote my business plan.

betweenthelines
betweenthelines

Freedom never tasted as good as this Golden Goat Shatter Hash.......Mmmmmm.......

betweenthelines
betweenthelines

I smell the BEGINNING of Freedom......Mmmmmmm........

MR516
MR516

Donkey is right. What we really need is an end to prohibition, not legalization which is government control. It is great that you can now grow, posses, smoke small amounts without going to jail, but overall it could turn out to be a step in the wrong direction.

ehwazdaeg
ehwazdaeg

Yes, it's true that the tribal nations have not had positive results (up until now) regarding the ability to supersede federal law (in spite of the fact that they're SUPPOSED to be sovereign nations).. we just need to take a look at how the pine ridge reservation fiasco went down. However, times are a changin and cannabis prohibition is becoming extremely difficult for any rational individual to defend. The thousands of jobs that the marijuana and hemp industries would produce, along with the positive impacts these industries would have on our environment, are making the politicians still spewing tired old reefer madness look exceptionally foolish. The feds will not be able to hold back progress (and common sense) for much longer. Especially for a medicine that's been proven to not only be extremely versatile & effective, but has never caused even a single fatality... a claim NO prescription med can make.

betweenthelines
betweenthelines

Just another day in LEGAL weed land.....Thank you sensible voters of Colorado.....Down to the haters.....Losing!

DonkeyHotay
DonkeyHotay topcommenter

Nonsense -- Tribal Nations are NOT allowed to violate Federal laws.

 

Any Drug $$$ they willingly received, held and/or processed would be subject to the same Criminal Money Laundering felonies and seizure.

 

 

michael.roberts
michael.roberts moderator editortopcommenter

 @ehwazdaeg Very interesrting post, ehwazdaeg. We're going to make it an upcoming Comment of the Day. Thanks for sharing your thoughts.

DonkeyHotay
DonkeyHotay topcommenter

 @ehwazdaeg 

 

A64 is a Continuation of Marijuana Prohibition against Pot Users and Growers!

 

... mandated by The People!

 

 

betweenthelines
betweenthelines

 @DonkeyHotay The government does a lot of things it is NOT allowed to do. Our leaders have become illegitimate....Just Like you.... :)

DonkeyHotay
DonkeyHotay topcommenter

 @tutonehcc  Still sucking on the delusional pot tourism bong, eh Tommy?

 

 

DonkeyHotay
DonkeyHotay topcommenter

 @tutonehcc 

 

A64 did NOT legalize marijuana -- not even close.

 

A64 was a giant step BACKWARDS from True Legalization.

betweenthelines
betweenthelines

 @DonkeyHotay  @ehwazdaeg One ounce or less of pot is no longer a CRIME in Colorado and neither is cultivation of 6 or less plants, with no more than 3 in flower....Good day, sir..... :)

DonkeyHotay
DonkeyHotay topcommenter

 A Democracy gets the Government it Deserves!

 

Ipso Facto.

tutonehcc
tutonehcc topcommenter

 @DonkeyHotay Actually I need a new bong sooo bad, any recommendations to buy one in Denver?

tutonehcc
tutonehcc topcommenter

 @DonkeyHotay Though there is much room for interpretation, my analysis is that it does legalize 6 plants.  So you get 10 out of State roomates, plant 60 plants and bam, the cash cow is in the barn once again!  Get Rich of Die Tryin!

betweenthelines
betweenthelines

That domain is already taken. Did u already purchase? Searching for:  'FARTSNIFFERSLIVINGINANINBREDLOVETRIANGLE.COM'.........Processing.......

betweenthelines
betweenthelines

Snap. Backwards.com already taken. Doing a search for: 'IGNORANTMOUTHBREATHER.COM'........Processing......

betweenthelines
betweenthelines

 @DonkeyHotay Sounds like i'm winning. Feels good. Gotta do another 'dabber' of this Triple Sour D......:) Hold On.

betweenthelines
betweenthelines

 @DonkeyHotay Good Luck on fighting the Good Fight. BACKWARDS. You should start a website detailing how pathetic and ineffectual it feels to fight the beginning of prohibition repeal 'backwards'......Is Backwards.com taken?

betweenthelines
betweenthelines

 @DonkeyHotay If might be pathetic for me to be arguing with someone that seems so fun to argue with but what's even creepier is that you're here day after day. I haven't been here for a minute. Cannabis is Medicine, ya know. And if you're already smoking it, it's not for you. Move on. :)

DonkeyHotay
DonkeyHotay topcommenter

 @betweenthelines -- Wasn't a CRIME before A64, numbnuts.

 

What part of Marijuana Possession up to 2 ounces was ALREADY decriminalized in Colorado don't you comprehend?

 

 

DonkeyHotay
DonkeyHotay topcommenter

 @betweenthelines  Only a daft dipshit like you would run around confessing your drug activity to cops on the street.

 

Stay stupid, stoner -- it's your only skill.

betweenthelines
betweenthelines

 @DonkeyHotay Ok. TELL him you have 2 ounces of weed in your backpack. See what happens...You're ignorant. And you're a liar.

DonkeyHotay
DonkeyHotay topcommenter

 @Dandaman 

 

A64 = a giant sucking sound ... as it fails to reduce a SINGLE ARREST for Marijuana Crimes in Colorado.

 

Suck that bong, stoner.

 

Dandaman
Dandaman

 @DonkeyHotay  And DonkeyHotay loses again!

 

It has to be difficult to suck harder than the "bong-suckers" themselves. :)

DonkeyHotay
DonkeyHotay topcommenter

 @betweenthelines  Does it hurt to be so ignorant?

 

Public Display or Use is ILLEGAL, before A64 and after A64!

 

Typical bong-sucking ignoramus, doesn't even know what existing marijuana law is -- perfect fodder for the Prison Industrial Complex.

 

 

betweenthelines
betweenthelines

 @DonkeyHotay I dare you to flag down a Denver police officer with 2 ounces of weed sitting on your passenger seat and ask for directions. See how fast you don't receive a CRIMINAL record in Colorado......:)

 

DonkeyHotay
DonkeyHotay topcommenter

 @betweenthelines  Moron -- 1 ounce was NOT a crime before A64 ... in fact 2 ounces were decriminalized for EVERYBODY years ago.

 

Stay stupid, stoner. It's what you do best.

DonkeyHotay
DonkeyHotay topcommenter

 @tutonehcc  Only fools burn their marijuana and inhale the combustive byproducts into their delicate lung tissue.

 

 

jahnyah
jahnyah

 @DonkeyHotay  @tutonehcc if what u say is true about previous law allowing up to 2 z's then please tell me whats with  those 2oo+ cases that got dismissed.?

DonkeyHotay
DonkeyHotay topcommenter

 @tutonehcc  You think they got a special dinner -- a Funyuns Casserole ?

tutonehcc
tutonehcc topcommenter

 @DonkeyHotay I'm cool with either outcome, cannabis will always win in the end no matter how many they jail

DonkeyHotay
DonkeyHotay topcommenter

 @tutonehcc 

 

Your "analysis" + $4.25 will get you a Venti Cappuccino at Starbucks ... and 5 years in prison.

 

You and Chris Bartkowicz can compare legal "theories" together.

 

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