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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link="#0563C1" vlink="#954F72"><div class=WordSection1><p class=MsoNormal><span style='color:#1F497D'>Granted I haven’t researched the broader issue, but as I recall the Wa Bar’s ethics opinion 3 years ago said something to the effect you could advise clients re: marijuana businesses (and also burn rope yourself) because the feds under Obama had taken the position they weren’t going to pursue the potential federal claims if such acts were valid under state law. But all that that was subject to change if the feds attitude changed. <o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='color:#1F497D'>And here we are potentially despite all the admin’s talk of state’s rights/smaller federal government. Some of my elder law clients are going to be pretty upset if these state laws go up in smoke (bad pun intended). <o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='color:#1F497D'>I’d be curious to hear what the Bar says now.<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><i><span style='color:#1F497D'>Cyrus W. Field, Attorney at Law (admitted in Washington and Oregon)<o:p></o:p></span></i></p><p class=MsoNormal><i><span style='color:#1F497D'>phone: 360-472-1223 Mail: POB 367, Shaw Island, WA 98286 Office: 640 Mullis St. Friday Harbor, WA</span></i><span style='color:#1F497D'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:8.0pt;color:#1F497D'>******************************************************************<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:8.0pt;color:#1F497D'>The information contained in this e-mail message, including attachments, may be privileged, confidential and protected from disclosure. If you are not the intended recipient, any dissemination, distribution or copying is strictly prohibited. If you think you have received this e-mail in error, please e-mail the sender at cyfield@rockisland.com and destroy or delete the original and any copies. <o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><div><div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'><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"'> wsbarp-bounces@lists.wsbarppt.com [mailto:wsbarp-bounces@lists.wsbarppt.com] <b>On Behalf Of </b>Craig Gourley<br><b>Sent:</b> Thursday, April 20, 2017 4:33 PM<br><b>To:</b> WSBA Real Property Listserv<br><b>Subject:</b> Re: [WSBARP] Depositing cash for marijuana sale to trust account.<o:p></o:p></span></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>We are the escrow and that is the trust account we would be using. I am sure the title companies have the same issue. I am also going to ping the bar ethics people to see what they have to say. I do appreciate the offer to come visit. <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><div><p class=MsoNormal><b><span style='font-size:14.0pt'>Gourley Law Group<o:p></o:p></span></b></p><p class=MsoNormal><b><span style='font-size:12.0pt'>Snohomish Escrow<o:p></o:p></span></b></p><p class=MsoNormal><b><span style='font-size:12.0pt'>The Exchange Connection<o:p></o:p></span></b></p><p class=MsoNormal><b><span style='font-size:14.0pt'><o:p> </o:p></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<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial Rounded MT Bold","sans-serif"'>Snohomish, WA 98291<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial Rounded MT Bold","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial Rounded MT Bold","sans-serif"'>360.568.5065<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial Rounded MT Bold","sans-serif"'>360.568.8092 fax<o:p></o:p></span></p><p class=MsoNormal><a href="mailto:Craig@glgmail.com"><span style='font-size:10.0pt;font-family:"Arial Rounded MT Bold","sans-serif"'>Craig@glgmail.com</span></a><span style='font-size:10.0pt;font-family:"Arial Rounded MT Bold","sans-serif"'><o:p></o:p></span></p></div><p class=MsoNormal><o:p> </o:p></p><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b>From:</b> <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>Paul Neumiller<br><b>Sent:</b> Thursday, April 20, 2017 12:23 PM<br><b>To:</b> 'WSBA Real Property Listserv' <<a href="mailto:wsbarp@lists.wsbarppt.com">wsbarp@lists.wsbarppt.com</a>><br><b>Subject:</b> Re: [WSBARP] Depositing cash for marijuana sale to trust account.<o:p></o:p></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><span style='color:#1F497D'>Craig, while I don’t have an answer for you, it does remind me of advice given to my criminal law course in first year law school, “If someone has to go to jail, make sure it is the client and not you”<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='color:#1F497D'>Why go through your trust account? If the client is getting a lender’s policy of title insurance, have the client make a direct deposit of the money into escrow just like a regular re-finance of real property. While there are associated costs with going through a third party escrow, it may be worthwhile to avoid your trust account. (And don’t worry, I’m sure the listerv can get together and draw straws to see who visits you in jail. It’s the right thing to do.)<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><div><p class=MsoNormal><a name="Paul_Neumiller"><span style='color:#1F497D'><img border=0 width=250 height=150 id="Picture_x0020_1" src="cid:image001.jpg@01D2BA99.31630020" alt="cid:image002.jpg@01D2B9D0.D38A2D70"></span></a><span style='color:white'><o:p></o:p></span></p></div><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b>From:</b> <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.<o:p></o:p></p></div></div><p class=MsoNormal><o:p> </o:p></p><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 <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><b><span style='font-size:14.0pt'>Gourley Law Group<o:p></o:p></span></b></p><p class=MsoNormal><b><span style='font-size:12.0pt'>Snohomish Escrow<o:p></o:p></span></b></p><p class=MsoNormal><b><span style='font-size:12.0pt'>The Exchange Connection<o:p></o:p></span></b></p><p class=MsoNormal><b><span style='font-size:14.0pt'><o:p> </o:p></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<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial Rounded MT Bold","sans-serif"'>Snohomish, WA 98291<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial Rounded MT Bold","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial Rounded MT Bold","sans-serif"'>360.568.5065<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial Rounded MT Bold","sans-serif"'>360.568.8092 fax<o:p></o:p></span></p><p class=MsoNormal><a href="mailto:Craig@glgmail.com"><span style='font-size:10.0pt;font-family:"Arial Rounded MT Bold","sans-serif"'>Craig@glgmail.com</span></a><span style='font-size:10.0pt;font-family:"Arial Rounded MT Bold","sans-serif"'><o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>