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662 points JacobHenner | 2 comments | | HN request time: 0s | source
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mannyv ◴[] 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 ◴[] 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 ◴[] 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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mattmaroon ◴[] No.40216043[source]
My brother supervises at a dispensary. They are not attractive robbery targets at all. They have a lot of security. Like a bank, they expect the amount of cash would bring trouble if they were not prepared. Unlike a bank, they don't dispense much cash (just petty change) so they don't even have to leave much in the drawers, which are emptied frequently and dropped into a safe nobody there can access.

They have cash-handling processes similar to a casino, but again, they have much less than a casino or bank to take.

Employee theft is a much bigger problem than robbery, because you can imagine who works at them, but even then, it's hard to get away with.

You'd be much better off robbing a busy gas station or the like.

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flawsofar ◴[] No.40216199[source]
> you can imagine who works at them

This is disgracefully elitist. White collar crime hurts more people.

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1. dragonwriter ◴[] No.40218969{3}[source]
The federal illegality of the weed business (and downstream effects of that illegality on working/business conditions) affects who works there, and that includes white collar employees (also investors, etc.)
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2. mattmaroon ◴[] No.40221663[source]
Definitely. There are a lot of strange quirks to working at one.

For instance, Fannie and Freddie don’t recognize your income, so getting a mortgage is difficult.

The pay isn’t that great either, but they get a discount, and for a lot of people weed is one of their bigger expenses.