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In this June 27, 2017, photo, Jerred Kiloh, owner of the Higher Path medical marijuana dispensary, prepares his monthly tax payment, $40,131.88 in cash in Los Angeles. For Kiloh, the cash is a daily hassle.
In this June 27, 2017, photo, Jerred Kiloh, owner of the Higher Path medical marijuana dispensary, prepares his monthly tax payment, $40,131.88 in cash in Los Angeles. For Kiloh, the cash is a daily hassle.
In this June 27, 2017, photo, bundles of $20 bills are placed on a table as Jerred Kiloh, owner of the Higher Path medical marijuana dispensary, prepares a trip to Los Angeles City Hall to pay his monthly tax payment in cash in Los Angeles.
In this June 27, 2017, photo, bundles of $20 bills are placed on a table as Jerred Kiloh, owner of the Higher Path medical marijuana dispensary, prepares a trip to Los Angeles City Hall to pay his monthly tax payment in cash in Los Angeles.
In this June 27, 2017, photo, Jerred Kiloh, owner of the Higher Path medical marijuana dispensary, wraps a package containing more than $40,000 in cash in his windowless office as he prepares a trip to Los Angeles City Hall to pay his monthly tax in cash
In this June 27, 2017, photo, Jerred Kiloh, owner of the Higher Path medical marijuana dispensary, wraps a package containing more than $40,000 in cash in his windowless office as he prepares a trip to Los Angeles City Hall to pay his monthly tax in cash
In this June 27, 2017, photo, Jerred Kiloh, owner of the Higher Path medical marijuana dispensary, labels a package containing more than $40,000 in cash as he prepares a trip to Los Angeles City Hall to pay his monthly tax in cash in Los Angeles
In this June 27, 2017, photo, Jerred Kiloh, owner of the Higher Path medical marijuana dispensary, labels a package containing more than $40,000 in cash as he prepares a trip to Los Angeles City Hall to pay his monthly tax in cash in Los Angeles
In this June 27, 2017, photo, two security guard workers at the Higher Path medical marijuana dispensary owned by Jerred Kiloh in Los Angeles. Kiloh's dispensary on a busy commercial strip is a target for robbers and it's been hit twice
In this June 27, 2017, photo, two security guard workers at the Higher Path medical marijuana dispensary owned by Jerred Kiloh in Los Angeles. Kiloh's dispensary on a busy commercial strip is a target for robbers and it's been hit twice
In this June 27, 2017, photo, an employee weighs sifted pot leaves to make joints at the Higher Path medical marijuana dispensary owned by Jerred Kiloh in Los Angeles.
In this June 27, 2017, photo, an employee weighs sifted pot leaves to make joints at the Higher Path medical marijuana dispensary owned by Jerred Kiloh in Los Angeles.
In this June 27, 2017, photo, popcorn shaped marijuana nuggets are seen in a plastic container at the Higher Path medical marijuana dispensary owned by Jerred Kiloh in Los Angeles.
In this June 27, 2017, photo, popcorn shaped marijuana nuggets are seen in a plastic container at the Higher Path medical marijuana dispensary owned by Jerred Kiloh in Los Angeles.
In this June 27, 2017, photo, Jerred Kiloh, owner of the Higher Path medical marijuana dispensary, stocks shelves with with cannabis products in Los Angeles.
In this June 27, 2017, photo, Jerred Kiloh, owner of the Higher Path medical marijuana dispensary, stocks shelves with with cannabis products in Los Angeles.
In this June 27, 2017, photo, with $40,131.88 in cash hidden in a shoulder bag in his trunk, Jerred Kiloh, owner of the Higher Path medical marijuana dispensary, makes a trip to Los Angeles City Hall to pay his monthly tax in cash in Los Angeles.
In this June 27, 2017, photo, with $40,131.88 in cash hidden in a shoulder bag in his trunk, Jerred Kiloh, owner of the Higher Path medical marijuana dispensary, makes a trip to Los Angeles City Hall to pay his monthly tax in cash in Los Angeles.
In this June 27, 2017, photo, with $40,131.88 in cash hidden in a shoulder bag, Jerred Kiloh, owner of the Higher Path medical marijuana dispensary, arrives at Los Angeles City Hall to pay his monthly tax in cash in Los Angeles.
In this June 27, 2017, photo, with $40,131.88 in cash hidden in a shoulder bag, Jerred Kiloh, owner of the Higher Path medical marijuana dispensary, arrives at Los Angeles City Hall to pay his monthly tax in cash in Los Angeles.
In this June 27, 2017, photo, carrying $40,131.88 in cash in his shoulder bag, Jerred Kiloh, enters the office of finance tax and permit division at Los Angeles City Hall to pay his monthly tax in cash
In this June 27, 2017, photo, carrying $40,131.88 in cash in his shoulder bag, Jerred Kiloh, enters the office of finance tax and permit division at Los Angeles City Hall to pay his monthly tax in cash
In this June 27, 2017, photo, Jerred Kiloh, owner of the Higher Path medical marijuana dispensary, prepares his monthly tax payment, $40,131.88 in cash in Los Angeles. For Kiloh, the cash is a daily hassle.
In this June 27, 2017, photo, bundles of $20 bills are placed on a table as Jerred Kiloh, owner of the Higher Path medical marijuana dispensary, prepares a trip to Los Angeles City Hall to pay his monthly tax payment in cash in Los Angeles.
In this June 27, 2017, photo, Jerred Kiloh, owner of the Higher Path medical marijuana dispensary, wraps a package containing more than $40,000 in cash in his windowless office as he prepares a trip to Los Angeles City Hall to pay his monthly tax in cash
In this June 27, 2017, photo, Jerred Kiloh, owner of the Higher Path medical marijuana dispensary, labels a package containing more than $40,000 in cash as he prepares a trip to Los Angeles City Hall to pay his monthly tax in cash in Los Angeles
In this June 27, 2017, photo, two security guard workers at the Higher Path medical marijuana dispensary owned by Jerred Kiloh in Los Angeles. Kiloh's dispensary on a busy commercial strip is a target for robbers and it's been hit twice
In this June 27, 2017, photo, an employee weighs sifted pot leaves to make joints at the Higher Path medical marijuana dispensary owned by Jerred Kiloh in Los Angeles.
In this June 27, 2017, photo, popcorn shaped marijuana nuggets are seen in a plastic container at the Higher Path medical marijuana dispensary owned by Jerred Kiloh in Los Angeles.
In this June 27, 2017, photo, Jerred Kiloh, owner of the Higher Path medical marijuana dispensary, stocks shelves with with cannabis products in Los Angeles.
In this June 27, 2017, photo, with $40,131.88 in cash hidden in a shoulder bag in his trunk, Jerred Kiloh, owner of the Higher Path medical marijuana dispensary, makes a trip to Los Angeles City Hall to pay his monthly tax in cash in Los Angeles.
In this June 27, 2017, photo, with $40,131.88 in cash hidden in a shoulder bag, Jerred Kiloh, owner of the Higher Path medical marijuana dispensary, arrives at Los Angeles City Hall to pay his monthly tax in cash in Los Angeles.
In this June 27, 2017, photo, carrying $40,131.88 in cash in his shoulder bag, Jerred Kiloh, enters the office of finance tax and permit division at Los Angeles City Hall to pay his monthly tax in cash

For A Marijuana Store Owner, Worry Comes With The Job

AP |

In California and other states where marijuana is legal for medical or recreational use, pot store owners often find themselves nervously carrying around large amounts of cash.

That's because most banks want nothing to do with money linked to a plant that remains illegal under federal law. They're afraid they could be prosecuted.

With all that cash, people in the marijuana business worry constantly about getting robbed.

In Los Angeles, dispensary owner Jerred Kiloh makes a tension-filled drive downtown once a month to pay his city taxes, with tens of thousands of dollars in his car. He is constantly checking his rearview mirror, looking for thieves.

Now, Los Angeles might create a municipal bank that would serve cannabis companies.

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