US change spot rules for candians at border

[Tequila]

They just announced today that those working in the legal pot industry in Canada or investing in it, will no longer be banned.If you are a Canadian investing in a legal pot industry in the US, you will be. Go figure. Still illegal to carry it across the border, even into a state where it is legal.

[John_Joey]

It's just one of our many feel attempts at keeping you retired, elderly pot head, sex crazed, cheap beer drinking Canucks in your own country. We got enough local ones here already, ehh. :B

[steveh27]

ksg5000 wrote:

steveh27 wrote:

SDcampowneroperator wrote:
Us Federal law still defines pot as an illegal substance. Customs are federal, not state.
Transporting goods across international borders is a federal issue.

The ban was NOT on importing pot, which is obviously illegal federally. If the border agents found a non US citizen had money invested in the stock of a marijuana company traded on the stock market they would not be allowed in. That was just wrong.

I am unaware of any pot business trading on the stock market in the USA. In Oregon where it's legal it's essentially a cash business because no federally insured bank will do business with them. They have to bring bags of cash down to Salem to pay their taxes. Like it or not ... federal law prevails in many situations and POT is considered illegal by the federal govt. Feds have chosen to back off enforcing the law in Oregon .. but they can change their minds anytime they want (which keeps many investors away).

Here's just two of many pot stocks traded on the exchanges in NY:
Canopy Growth Corp = CGC
Tilray Inc = TLRY, gone up 400% in 1 month
google it and see many more

[GordonThree]

Good question as to how will they know? I guess if you're directly employed by a pot company you have to admit that. Are they actually asking Canadians to disclose their investment portfolios at the border?

Why not instead of I'm invested in pot you say my portfolio has agricultural and pharmaceutical investments. This way you're not lying but not blurting cannabis right out.

As to no pot companies on the stock market, I'd wager you pick any pharma you want and they've done cannabis research.

[shum02]

More info available here.

No drama.

Global news link

[ksg5000]

steveh27 wrote:

SDcampowneroperator wrote:
Us Federal law still defines pot as an illegal substance. Customs are federal, not state.
Transporting goods across international borders is a federal issue.

The ban was NOT on importing pot, which is obviously illegal federally. If the border agents found a non US citizen had money invested in the stock of a marijuana company traded on the stock market they would not be allowed in. That was just wrong.

I am unaware of any pot business trading on the stock market in the USA. In Oregon where it's legal it's essentially a cash business because no federally insured bank will do business with them. They have to bring bags of cash down to Salem to pay their taxes. Like it or not ... federal law prevails in many situations and POT is considered illegal by the federal govt. Feds have chosen to back off enforcing the law in Oregon .. but they can change their minds anytime they want (which keeps many investors away).

[ksg5000]

SDcampowneroperator wrote:
Us Federal law still defines pot as an illegal substance. Customs are federal, not state.
Transporting goods across international borders is a federal issue.

.
x2

[Community Alumni]

They will often ask how you are employed and with whom. We have NEXUS cards, have been retired 11 years, cross a couple times a week and we still get asked occasionally.

[wildtoad]

Just curious, how would they know?

[steveh27]

SDcampowneroperator wrote:
Us Federal law still defines pot as an illegal substance. Customs are federal, not state.
Transporting goods across international borders is a federal issue.

The ban was NOT on importing pot, which is obviously illegal federally. If the border agents found a non US citizen had money invested in the stock of a marijuana company traded on the stock market they would not be allowed in. That was just wrong.

[SDcampowneroper]

Us Federal law still defines pot as an illegal substance. Customs are federal, not state.
Transporting goods across international borders is a federal issue.

[Lwiddis]

Is your Congress member and are your Senators advocating a change you favor? Are they neutral? Or are they supporting current federal policy?