[WSBARP] Depositing cash for marijuana sale to trust account.

[Craig Gourley]

Listmates.  I have a client that is in the business of legally growing marijuana.  He wants to loan a friend money to construct a new commercial building.  Loan will be about $1,000,000.  Client has this in cash because apparently, he can't deposit it in a bank due to its source being the grow operation.   Does anyone have any experience with this type of scenario?  We will need to deposit the money into our trust account and then fund the loan and record a DOT against the real estate.  I don't want to get accused of some sort of money laundering or other nonsense so I am hoping someone may have already researched this issue.   Thank you in advance.  Craig

Gourley Law Group
Snohomish Escrow
The Exchange Connection

1002 10th Street / PO Box 1091
Snohomish, WA 98291

360.568.5065
360.568.8092  fax
Craig at glgmail.com<mailto:Craig at glgmail.com>

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