washington

The Business of Marijuana

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Banks have been given the green light to work with legal marijuana sales; but they might not be ready to cash in.

Since recreational marijuana becoming legal in Washington and Colorado business has been booming. But now it's time to get serious and the pot shops need to set up savings accounts, payroll and pay taxes.

To help them with the business side of things the Obama administration has given banks the green light to work with established and legal marijuana operations. This gives businesses somewhere safe to stash cash and it gives Uncle Sam a way to collect his cut. But not everyone is fired up about the idea.  read more »

Big Three CEO’s Grounded

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Car manufacturers were hoping their desperate message to Washington politicians in hearings a few weeks ago to pony up billions in bailout money would resonate on Main Street. But most news organizations concentrated on the CEO’s each taking their own private jets to the Washington hearings, a fact not lost on politicians and taxpayers.

So now the CEO’s for all three major U-S automakers drove hybrids as they traveled the 500 miles with hat-in-hand to Washington today to again plead for $34 billion in bailout money from you the taxpayer. I’m sure those highly paid Public Relations folks who should have known there would be flak flying from their first trip, were working overtime to convince their bosses this time around driving would make better sense.  read more »

Inauguration may break Capital bank.

If you think the bailout is expensive, wait until you find out how much change the change in Washington will cost you.

According to the D-C Examiner, huge crowds are expected for the inauguration of President-elect Obama on January 20th. And with it comes a record breaking bill for services. Each year the Federal Government gives the district $15 million dollars to cover the costs of events. But with huge crowds expected, security costs will far surpass that amount.  read more »