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US drug control agency will move to reclassify marijuana

(apnews.com)
662 points JacobHenner | 1 comments | 30 Apr 24 17:32 UTC | HN request time: 0.37s | 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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ethbr1 ◴[30 Apr 24 18:55 UTC] No.40214782[source]▶
Signs that times are a' changing -- you can buy illegal drugs with a card now.

(Call me crazy and old-fashioned, but I don't think I'd want 50+ illegally-correlated transactions on my financial record that the government could lump into other charges...)

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coffeebeqn ◴[30 Apr 24 18:58 UTC] No.40214810[source]▶
Do they have jurisdiction to go and do that?
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mattmaroon ◴[30 Apr 24 20:41 UTC] No.40216079[source]▶
The Silver Platter doctrine prevents your financial institutions from handing over that data unbidden, but they can do so by request from law enforcement.
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1. red-iron-pine ◴[01 May 24 13:20 UTC] No.40222801[source]▶
which law enforcement can get, trivially, if they're prosecuting a felony.

it's just a function of time and process, and while you can dispose of plants and bury money in your back yard, you can't undo old bank transactions. 20 years later those records may not be a thing, but last year sure will be...