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AP PHOTOS: For pot stores, fear is part of doing business

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 cas...
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, prepa...
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 cas...
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 ca...
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...
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 Kilo...
In this June 27, 2017, photo, popcorn shaped marijuana nuggets are seen in a plastic container at the Higher Path medical marijuana dispensary owned b...
In this June 27, 2017, photo, Jerred Kiloh, owner of the Higher Path medical marijuana dispensary, stocks shelves with with cannabis products in Los A...
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 ...
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, a...
In this June 27, 2017, photo, carrying $40,131.88 in cash in his shoulder bag, Jerred Kiloh, owner of the Higher Path medical marijuana dispensary, en...

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 cas...

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, prepa...

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 cas...

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 ca...

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...

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 Kilo...

In this June 27, 2017, photo, popcorn shaped marijuana nuggets are seen in a plastic container at the Higher Path medical marijuana dispensary owned b...

In this June 27, 2017, photo, Jerred Kiloh, owner of the Higher Path medical marijuana dispensary, stocks shelves with with cannabis products in Los A...

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 ...

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, a...

In this June 27, 2017, photo, carrying $40,131.88 in cash in his shoulder bag, Jerred Kiloh, owner of the Higher Path medical marijuana dispensary, en...

LOS ANGELES (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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Updated : 2020-12-05 08:47 GMT+08:00