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US drug control agency will move to reclassify marijuana

(apnews.com)
662 points JacobHenner | 2 comments | 30 Apr 24 17:32 UTC | HN request time: 0.93s | source
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mannyv ◴[30 Apr 24 18:15 UTC] No.40214223[source]▶
One major effect of this is that weed stores will be able to use banks and payment processors legally once the regulators catch up.
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andrewxdiamond ◴[30 Apr 24 18:24 UTC] No.40214371[source]▶
A lot of them have wiggled around this problem by offering “atms” at the cash register. You pay with a debit card, but it’s not a normal transaction, it’s an ATM withdrawal! I don’t understand how the money is vended to the business, but it keeps it out of the store
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bobthepanda ◴[30 Apr 24 18:56 UTC] No.40214788[source]▶
there is still a lot of cash on site due to the presence of an ATM though, and in the cash registers. the primary problem is that weed shops are incredibly attractive robbery targets due to being one of the few businesses in 2024 that handle large amounts of cash.
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CydeWeys ◴[30 Apr 24 18:58 UTC] No.40214821[source]▶
I think the ATM isn't actually dispensing cash. You're doing an ATM transaction for a certain amount of money, but what you're actually getting is weed.

It's not just "You can buy with cash, and we conveniently have an ATM available to get cash if you didn't go to your bank."

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1. mikestew ◴[30 Apr 24 20:15 UTC] No.40215762[source]▶
It's not just "You can buy with cash, and we conveniently have an ATM available to get cash if you didn't go to your bank."

I have heard from a very reliable source that the ATMs in most weed shops on the Eastside of Seattle dispense cash because you're going to be required to pay with cash at the counter. There are allegedly a few exceptions, but the majority of shops accept only cash and the ATM dispenses bills.

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2. hughesjj ◴[30 Apr 24 20:29 UTC] No.40215909[source]▶
Out of the 15+ SWIM has been to in WA state, SWIM has never seen a dispensary take anything but physical cash (bills and coins).