There was big news last week for the cannabis industry: The Biden administration is looking to move marijuana from the Schedule I list of drugs to the Schedule III list under the federal Controlled Substances Act. Schedule I drugs are believed to have no medicinal value, they have the tightest controls, and handling money on behalf of people buying or selling them is usually illegal — which makes it nearly impossible for a marijuana-related business to have a bank account.
The financial hardship caused by COVID-19 is making some reconsider stepping back into risky lifestyles in order to make ends meet.
by Ardo Hersi and Paul Kiefer
Allan’s first unemployment check was worth only $94. Though he’s raising three children, his tax refund and stimulus check were taken to cover unpaid child support fees, leaving him struggling to keep his family afloat. In a bind, Allan, who asked that his name be changed in this story, decided to return to a profession he hoped he’d left behind: drug dealing.
