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<p>Thanks Claudia, I am not looking to be the test case in these matters even though Paul has assured me he would visit during my incarceration. The comments have been pretty much as I expected but since this the first time I have encountered this situation
I wanted see if those smarter and more informed than myself had a solution. After 33 years of real estate practice I find it interesting and frankly surprising the number of my clients, friends and colleges that have gone into the biz. I have seen a number
of 1031 exchanges from traditional investment vehicles ( mobile home parks, commercial retail etc) into multi million dollar grow and processing facilities. Given the millions that the government is raking in from taxes, I think its here to stay and they
will eventually come up with a solution for the banking side. Now that they have a taste of the money, I can't see the government pushing it back underground. By way of example, look at all the casinos, lottery etc. I am just going to have him give the
borrower the boxes of cash and record he security instruments. The Borrower can pay the contractors in cash, which they will probably love!</p>
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<div id="divRplyFwdMsg" dir="ltr"><font face="Calibri, sans-serif" style="font-size:11pt" color="#000000"><b>From:</b> wsbarp-bounces@lists.wsbarppt.com <wsbarp-bounces@lists.wsbarppt.com> on behalf of Claudia A Gowan <claudia@cagowanlaw.com><br>
<b>Sent:</b> Thursday, April 20, 2017 10:37:23 PM<br>
<b>To:</b> WSBA Real Property Listserv<br>
<b>Subject:</b> Re: [WSBARP] Depositing cash for marijuana sale to trust account.</font>
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<div>Just an added comment - credit to a colleague who practices appellate criminal defense - while certain marijuana sales, production and operations may be legal under state law, they are not legal under federal law. It is the direction of the current federal
administration that should be factored into the equation when analyzing risk, the legal issues raised and our own culpability/liability (for lack of a better word).</div>
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<div id="composer_signature">Best, Claudia </div>
<div id="composer_signature"><br>
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<div id="composer_signature"><i>Claudia A Gowan, PLLC</i></div>
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<div>-------- Original message --------</div>
<div>From: Steven Sanford <steve@sanfordlawpllc.com> </div>
<div>Date: 4/20/17 7:51 PM (GMT-08:00) </div>
<div>To: WSBA Real Property Listserv <wsbarp@lists.wsbarppt.com> </div>
<div>Subject: Re: [WSBARP] Depositing cash for marijuana sale to trust account. </div>
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<p class="MsoNormal"><a name="_MailEndCompose">I would run from this.</a></p>
<p class="MsoNormal"><span style=""> </span></p>
<p class="MsoNormal"><span style="">Steve</span></p>
<p class="MsoNormal"><span style=""> </span></p>
<div>
<p class="MsoNormal"><span style=""><b><span style="color:#1F497D">Steven C. Sanford│</span></b></span><span style=""><span style="color:#1F497D">Attorney<br>
</span></span><span style=""><span style="font-size:10.0pt; color:#1F497D">Sanford Law, PLLC<br>
5400 Carillon Point<br>
Bldg 5000, 4<sup>th</sup> Flr<br>
Kirkland, WA 98033<br>
</span></span><span style=""></span><a href="mailto:steve@sanfordlawpllc.com"><span style=""><span style="font-size:10.0pt; color:blue">steve@sanfordlawpllc.com</span></span><span style=""></span></a><span style=""><span style="font-size:10.0pt; color:#1F497D"><br>
Phone: 206 486 0727<br>
Cell: 206 849 6567<br>
Fax: 206 792 7879</span></span><span style=""><span style=""></span></span></p>
<p class="MsoNormal"><span style=""><span style="font-size:10.0pt; color:#1F497D"> </span></span><span style=""><span style=""></span></span></p>
<p class="MsoNormal"><span style=""><span style="font-size:10.0pt; font-family:"Arial",sans-serif; color:black">Notice: This e-mail may contain confidential information which is legally privileged. If you have received this e-mail in error, please advise the
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<p class="MsoNormal"><b>From:</b> wsbarp-bounces@lists.wsbarppt.com [mailto:wsbarp-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>John M. Riley III<br>
<b>Sent:</b> Thursday, April 20, 2017 12:18<br>
<b>To:</b> wsbarp@lists.wsbarppt.com<br>
<b>Subject:</b> Re: [WSBARP] Depositing cash for marijuana sale to trust account.</p>
</div>
</div>
<p class="MsoNormal"> </p>
<p class="MsoNormal"><span style="color:#1F497D">Please respond to list. </span>
</p>
<p class="MsoNormal"><span style="color:#1F497D"> </span></p>
<p><strong><span style="font-size:10.0pt; font-family:"Arial",sans-serif">John M. Riley III</span></strong><span style="font-size:10.0pt; font-family:"Arial",sans-serif"><br>
Principal | Witherspoon • Kelley<br>
<a href="mailto:JMR@witherspoonkelley.com">JMR@witherspoonkelley.com</a> | <a href="http://www.witherspoonkelley.com/john-riley-1" title="Attorney Profile">
Attorney Profile </a>| <a href="http://www.witherspoonkelley.com/s/jmr.vcf">vCard</a></span></p>
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<p align="right" style="text-align:right"><span style="font-size:10.0pt; font-family:"Arial",sans-serif; color:white">422 W. Riverside Ave, Ste 1100<br>
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<em><span style="font-family:"Arial",sans-serif">Confidentiality Notice: The information contained in this email and any accompanying attachment(s) is intended only for the use of the intended recipient and may be confidential and/or privileged. If any reader
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<p class="MsoNormal"><b><span style="font-size:10.0pt; font-family:"Tahoma",sans-serif">From:</span></b><span style="font-size:10.0pt; font-family:"Tahoma",sans-serif">
<a href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a> [<a href="mailto:wsbarp-bounces@lists.wsbarppt.com">mailto:wsbarp-bounces@lists.wsbarppt.com</a>]
<b>On Behalf Of </b>Craig Gourley<br>
<b>Sent:</b> Thursday, April 20, 2017 11:54 AM<br>
<b>To:</b> <a href="mailto:wsbarp@lists.wsbarppt.com">wsbarp@lists.wsbarppt.com</a><br>
<b>Subject:</b> [WSBARP] Depositing cash for marijuana sale to trust account.</span></p>
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<p class="MsoNormal">Listmates. I have a client that is in the business of <u>legally</u> 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
</p>
<p class="MsoNormal"> </p>
<p class="MsoNormal"><b><span style="font-size:14.0pt">Gourley Law Group</span></b></p>
<p class="MsoNormal"><b><span style="font-size:12.0pt">Snohomish Escrow</span></b></p>
<p class="MsoNormal"><b><span style="font-size:12.0pt">The Exchange Connection</span></b></p>
<p class="MsoNormal"><b><span style="font-size:14.0pt"> </span></b></p>
<p class="MsoNormal"><span style="font-size:10.0pt; font-family:"Arial Rounded MT Bold",sans-serif">1002 10<sup>th</sup> Street / PO Box 1091</span></p>
<p class="MsoNormal"><span style="font-size:10.0pt; font-family:"Arial Rounded MT Bold",sans-serif">Snohomish, WA 98291</span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt; font-family:"Arial Rounded MT Bold",sans-serif">360.568.5065</span></p>
<p class="MsoNormal"><span style="font-size:10.0pt; font-family:"Arial Rounded MT Bold",sans-serif">360.568.8092 fax</span></p>
<p class="MsoNormal"><u><span style="font-size:10.0pt; font-family:"Arial Rounded MT Bold",sans-serif; color:#0563C1"><a href="mailto:Craig@glgmail.com">Craig@glgmail.com</a></span></u><span style="font-size:10.0pt; font-family:"Arial Rounded MT Bold",sans-serif"></span></p>
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