Drudge Retort: The Other Side of the News
Wednesday, January 22, 2014

Former DEA Agent Patrick Moen, 36, quit his post in Portland late last year and is now working for Seattle-based Privateer Holdings, a private equity firm specializing in acquiring businesses in the burgeoning marijuana industry. The attorney who once spent long days dismantling drug rings throughout the Pacific Northwest will now help the company with state and federal compliance issues. "When it comes down to it, this is an incredible opportunity for me professionally and personally," Moen told The Oregonian. "A lot of people say, 'How could you be so against it Monday and then on Tuesday you are all for it'?"

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mysterytoy

 

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Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

Who says green jobs don't exist?

#1 | Posted by Harry_Powell at 2014-01-21 05:09 PM | Reply | Flag: | Funny: 1

Can't arrest them?

Join them...

#2 | Posted by Prolix247 at 2014-01-21 05:51 PM | Reply | Flag:

They say he was a high ranking officer

#3 | Posted by mysterytoy at 2014-01-21 06:25 PM | Reply | Flag:

Most of the DEA are only there for the money and job security along with the benefits....they don't like one of their own openly admitting that what they do is really b.s. This guy was likely offered more money and just like his DEA bretheren he happily accepted it. It isn't as if there aren't DEA agents on the payrolls of drug cartels anyway.

#4 | Posted by danni at 2014-01-21 07:30 PM | Reply | Flag: | Newsworthy 1

He didn't really quit. Hes just an infiltrator.

#5 | Posted by reitze at 2014-01-21 09:11 PM | Reply | Flag:

He did not actually go to the 'marijuana industry'. He went to the one-percenters buying up the marijuana industry.

#6 | Posted by Diablo at 2014-01-22 03:24 AM | Reply | Flag:

Legal marijuana is a mom and pop business with low profit margins right now, according to some stories I've read. And they have trouble finding a bank to do business with them.

#7 | Posted by rcade at 2014-01-22 09:10 AM | Reply | Flag:

"A lot of people say, 'How could you be so against it Monday and then on Tuesday you are all for it'?"

Simple - $$$$
.

#8 | Posted by CalifChris at 2014-01-22 12:27 PM | Reply | Flag:

"And they have trouble finding a bank to do business with them."

Yet I've read of many big banks knowingly accepting and laundering money from big time drug traffickers. I imagine it isn't the legality so much as it is the size of the deposits.

#9 | Posted by danni at 2014-01-22 12:31 PM | Reply | Flag: | Newsworthy 1

I imagine it isn't the legality so much as it is the size of the deposits.

Contrary to your "imagination," what I've read is the banks, subject to federal banking regulations, fear those regulations will override local legality. See, federal agents raiding legal state dispensaries and grow operations.

#10 | Posted by et_al at 2014-01-22 12:43 PM | Reply | Flag:

What is the big deal? He went from working leagally for the DEA to working legally for the pot industry, or as DIABLO said, the 1 percenters buying up the pot industry. Those folks don't need no stinking banks to make pot into a billion $$ industry.

#11 | Posted by Marty at 2014-01-22 01:25 PM | Reply | Flag:

If there was any justice in the world, he would be tazed in the balls.

#12 | Posted by LIVE_OR_DIE at 2014-01-22 01:29 PM | Reply | Flag:

Just the revolving door of government work, where the government employees regulating industries end up working for the "regulated," for a huge pay increase of course. Happens with the SEC and USPTO all the time, which is why their employees have a strong incentive to let the "regulated" entities do whatever they please.

#13 | Posted by censored at 2014-01-22 01:30 PM | Reply | Flag:

Just the revolving door of government work, where the government employees regulating industries end up working for the "regulated," for a huge pay increase of course. Happens with the SEC and USPTO all the time, which is why their employees have a strong incentive to let the "regulated" entities do whatever they please. #13 | Posted by censored at 2014-01-22 01:30 PM

I forgot to mention politicians and judges too. Just all part of the one-hand-washes-the-other corruption that passes for governance in these United States.

#14 | Posted by censored at 2014-01-22 02:46 PM | Reply | Flag:

They are already in the same business.

There has never been a war on drugs; only a war to control profits, and a propaganda campaign to get the moronic sheeple to agree to fascist controls over it.

The masses are stupid, ignorant, sheep.

#15 | Posted by Shawn at 2014-01-22 04:42 PM | Reply | Flag:

Legal marijuana is a mom and pop business with low profit margins right now, according to some stories I've read. And they have trouble finding a bank to do business with them.

#7 | Posted by rcade

I don't think banks are the problem. F them. It is the uncertainty of the business. The growers are just farmers who hope to take their crop to market. But, keeping a reliable buyer is tough. If the dispensary you join does buy your crop you might have sell it illegally. It should not be illegal to sell your crop.

For the buyer getting a reliable high quality product from flaky growers trying to pawn off moldy or buggy products to cover their costs. And cities and counties turn on them both and pass bad ordinances and squeeze the profit margins even more by passing fees to households that use above a certain baseline energy of usage forcing growers outside.

It needs to be removed as a schedule I Drug and allow scientific studies to done and taxes to be paid in order to help stabilize the market and remove the criminality from the business.

And turn it back into a farm product with benefits.

#16 | Posted by donnerboy at 2014-01-22 07:37 PM | Reply | Flag: | Newsworthy 1

If the dispensary you join does NOT buy your crop...

#17 | Posted by donnerboy at 2014-01-22 07:38 PM | Reply | Flag:

Interesting how this conversation centers around "sinsemilia" crops. I understand that they are the most potent.

What I am wondering is if the seeded varieties will make a come back. People will just keep a back yard green house. There used to be some fine seeded pot you could grow at home. Big Sur skunk was nice fat round seeds.

#18 | Posted by RightisTrite at 2014-01-23 01:37 PM | Reply | Flag:

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