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Washington’s pot industry: What it takes to expose hidden owners and keep cartels, illicit money out

Washington’s pot industry: What it takes to expose hidden owners and keep cartels, illicit money out

| June 16, 2017

Vela, a uniquely designed Seattle pot store, opened last year with fanfare and sophistication.

Snoop Dogg dropped in on Vela’s opening weekend for a fundraiser benefiting the University of Washington Cannabis Law and Policy Project. The store then hosted a speaker series featuring top city and state regulators of the legal pot industry.

All the while Vela, a few blocks south of Safeco Field, was facing closure for allegedly violating state rules by hiding owners in the business.
The rules say if you do that, you lose your license. The sanction is severe because hiding owners is a way for unsavory characters or illicit funds to infiltrate Washington’s tightly regulated industry, which includes FBI background checks on all owners.

Washington’s pot industry: What it takes to expose hidden owners and keep cartels, illicit money out






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