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BANKNOTES AND MARIJUANAHere's a head-scratching pair of articles relating to banknotes and marijuana. -Editor A Louisiana woman was arrested on drug charges after police determined the $5,000 cash she used to post an inmate's bail had a "strong odor of marijuana." Authorities began investigating Stormy Lynn Parfait, 33, on Friday, shortly after she showed up at the Ashland jail to pay the bond fee for an inmate being held there on drug charges, the Terrebonne Parish Sheriff's Office said in a statement obtained by news outlets. After catching a whiff of the cash, a detective searched her car while she was still at the jail and found nearly $40,000 more inside... To read the complete article, see:
This article on IRS pot industry cash rooms comes from News & Notes Volume V, Number 38, March 10, 2020 from the Society of Paper Money Collectors. -Editor The marijuana industry is posing a challenge for the IRS, which is having a hard time collecting taxes on transactions in states where medical and recreational use is legal. During testimony before House lawmakers on Wednesday, Mnuchin said there is fallout from discrepancies that exist between state and federal laws regulating the industry. "From the IRS' standpoint, this creates a very large concern, and we have to build cash rooms to take in large amounts of cash where people owe us taxes, because we want to collect the taxes and those entities are not banked," Mnuchin said. "And I would say that creates risk to our IRS employees and to the people in the community." The question came from Democratic Florida Rep. Charlie Crist, who said the state's medical marijuana market is forced to operate in all-cash because of the incongruity between federal and state laws. The main issue is: The industry remains unbanked because financial institutions are not sure whether doing business will put them in violation of federal finance and anti-money laundering laws even as states legalize cannabis for medical and recreational use. To read the complete article, see:
Wayne Homren, Editor The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org. To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com To subscribe go to: https://my.binhost.com/lists/listinfo/esylum All Rights Reserved. NBS Home Page Contact the NBS webmaster 
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