11-Year-Old Kansas Boy Taken Away from Mom Due to Her Use of Cannabis Oil to Treat Crohn’s Disease

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Yesterday Shona Banda, the Kansas medical marijuana activist whose home was searched after her 11-year-old son challenged anti-pot propaganda at school, failed to regain custody of the boy, who is now under the control of Child Protective Services (CPS). “I am not giving up,” Banda said after yesterday’s family court hearing. “I will get him, and I am not going to stop until I do.”

– From the Reason article: Police Say Kidnapping Medical Marijuana Activist’s 11-Year-Old Son Is for ‘the Child’s Well-Being’

Taking a child away from its parents is one of the most serious and emotionally traumatizing things you can do. Anyone tasked with such extraordinary power should take the responsibility extremely seriously. Unfortunately, that’s not how Child Protective Services (CPS) in Kansas sees things.

This is the story of an 11-year-old boy who bravely defended his mom’s used of cannabis oil during a anti-drug program at his school. His mother suffers from Crohn’s disease and uses cannabis oil to treat her symptoms. If she lived here in Colorado, or any of the other 23 states enlightened enough to permit adults to use a plant for medical purposes, her son (who obviously loves his mom enough to defend her in class) would still be with her.

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You Can Now Buy Bud for Bitcoin in Washington State

Bitcoin and bud are a match made in liberty heaven. They are perfect examples of things people want, but that the state thinks is their job to “protect” you from. Two inevitable forces, two civil rights issues. Bitcoin can help the nascent legal marijuana business, and the marijuana business can help Bitcoin. I wrote a piece all about this last month, which I suggest reading titled: How Bitcoin Could Serve the Marijuana Industry as Banks Remain Too Scared to Enter.

Now from Coindesk:

Medical marijuana dispensary Kouchlock Productions, which opened on Monday February 3, began accepting bitcoin for its wares this week. The dispensary, based in Spokane, is said to already have sold the drug in several bitcoin transactions.

While medical mariijuana dispensaries are legal in the state, they are still federally illegal, which makes it difficult for them to process credit cards. This makes bitcoin a useful alternative for them.

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How Bitcoin Could Serve the Marijuana Industry as Banks Remain Too Scared to Enter

The reason venture capitalists have become so intrigued with Bitcoin over the past year or so is because it is what the industry refers to as a “disruptive technology.” Some of the key tenets of a disruptive technology are that it allows people and businesses within a certain industry (or industries) to do things cheaper, faster, and better than before by a significant, if not revolutionary margin. Bitcoin easily checks all these boxes. Even more than that, it also frees humanity from the vengeful whims, or simply the bureaucratic inefficiencies, of the state apparatus. Case in point, when Wikileaks was unable to access the traditional banking system due to a state sponsored blockade, they were still able to obtain funds through Bitcoin. In fact, that specific example, is the primary reason that I officially got behind Bitcoin in late summer 2012. I made this point clear in my debut article on the topic titled: Bitcoin: A Way to Fight Back Against the Financial Terrorists?

Which brings me to the topic of today’s post. Medical marijuana is already legal in 20 states plus the District of Columbia. It is also completely legal for recreational use in two states; Colorado where I reside, as well as Washington State. Nevertheless, big daddy government still thinks it knows best and continues to classify the relatively benign substance as a schedule one drug under federal law. As such, the banking system, (including state banks) is simply to afraid to get involved. Enter Bitcoin.

Well at least that is what I suspect will happen. As of now, it has been anecdotally reported that one dispensary has made Bitcoin payments an option, but I haven’t seen any clarification as to which one. I see this as a fantastic opportunity for both the Bitcoin community as well as the marijuana industry to come together to solve a major problem. It could be a huge win-win for both. The main question on my mind at this point is whether or not the main Bitcoin payment processing companies Coinbase and BitPay will agree to play along…

*Note: Since the publication of this post a reader pointed out that since the Bitcoin payment processors do utilize the banking system, it doesn’t exactly solve the problem. This is a fair point, but leads me along another thought process. It may indeed end up being a blessing in disguise as it sets up the marijuana industry as the perfect testing ground for use of BTC as an actual currency. Ie, potentially paying suppliers and employees in Bitcoin, perhaps only partially at first. This is going to be fascinating to watch.

First let’s examine the problem. A recent article from the New York Times highlighted it. Here are some key excerpts.

The New York Times writes:

Legal marijuana merchants like Mr. Kunkel — mainly medical marijuana outlets but also, starting this year, shops that sell recreational marijuana in Colorado and Washington — are grappling with a pressing predicament: Their businesses are conducted almost entirely in cash because it is exceedingly difficult for them to open and maintain bank accounts, and thus accept credit cards.

As a result, banks, including state-chartered ones, are reluctant to provide traditional services to marijuana businesses. They fear that federal regulators and law enforcement authorities might punish them, with measures like large fines, for violating prohibitions on money-laundering, among other federal laws and regulations.

“Banking is the most urgent issue facing the legal cannabis industry today,” said Aaron Smith, executive director of the National Cannabis Industry Association in Washington, D.C. Saying legal marijuana sales in the United States could reach $3 billion this year, Mr. Smith added: “So much money floating around outside the banking system is not safe, and it is not in anyone’s interest. Federal law needs to be harmonized with state laws.”

The limitations have created unique burdens for legal marijuana business owners. They pay employees with envelopes of cash. They haul Chipotle and Nordstrom bags containing thousands of dollars in $10 and $20 bills to supermarkets to buy money orders. When they are able to open bank accounts — often under false pretenses — many have taken to storing money in Tupperware containers filled with air fresheners to mask the smell of marijuana.

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Feds Raid Marijuana Dispensaries in Washington State

Like an insecure bully trying to demonstrate how tough he or she is and feel better about itself, the Feds raided marijuana dispensaries in Washington state despite the fact that Proposition 502 made it legal. Recall, I warned about this last year in my piece: Colorado Legalizes Marijuana: Your Move Eric Holder. In a country … Read more