Oregon Bank Accepts Cannabis Business, Then Rescinds Offer
MBank made a brash move and widely publicized their intention to work within the cannabis market, without first seeking FDIC approval.
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Law & Politics — page 10
News and commentary on cannabis law and politics
3816 articles
Law & PoliticsLink
Jurors Can't Know Pot Growers Are Patients
Imagine you are a juror in the federal trial of five people charged with growing and distributing marijuana in northeastern Washington. The prosecution cannot present any direct evidence that the defendants sold marijuana to anyone, but defense attorneys have been forbidden ...
Colorado Publishes Review of Marijuana Health Research
Colorado released a sweeping report Monday about marijuana and health — everything from pot’s effect on drivers, asthma, cancer rates and birth defects. The 188-page report doesn’t include new research on marijuana. Instead, it’s a review of what its authors call limited existing studies.
New View on Addiction: Compassion, Not Isolation
The revolutionary idea? Addiction is not caused by substances, rather, it is caused by isolation.
Conference Touts Cannabis' Investment Potential
In Kan's estimation, cannabis is a $40 billion dollar market with a limited amount of players. Calling cannabis an "investors dream," Kan claims that there is tremendous opportunity to be a prime-mover in this quasi nascent industry.
Father Jailed for Giving Cannabis to Extremely Ill Daughter
Adam's daughter, Rumer, is 2 years old and suffers from stage 4 neuroblastoma. Neuroblastoma is a severe cancer that begins in the nerve tissue and causes significant harm to the digestive system. Stage 4 is as bad as it gets.
Law & PoliticsLink
Pot Arrests Plunge in NYC After Policy Change
New York City's pledge to stop making many marijuana arrests is playing out on the streets, where arrests and summonses for small-time pot possession have plummeted since the policy change this fall. Such arrests plunged by 75 percent in December compared to last year, from about 1,820 to 460.
Law & PoliticsLink
Vermont Lawmakers Consider Legalizing Marijuana
National momentum appears to be shifting toward marijuana legalization, and observers say Vermont or Rhode Island could be the next states to legalize. "It's pretty easy to give us a call, and we'll call you back," said Sen. David Zuckerman, who plans to introduce a marijuana legalization bill this session.
Law & PoliticsLink
IRS Prepares to Audit, Raid Dispensaries
A byzantine legal memo of potentially disastrous implications has been released by the Internal Revenue Service (IRS), articulating a new theory of the tax code which could result in punitive audits, crippling tax bills and even federal raids for state-legal cannabis retailers — though, curiously, not necessarily for growers.
DPA Report: Employment Rates Rise Due to CO Cannabis Legalization
The industry created over ten thousand new jobs and brought in approximately $19 million a month. Rather than bringing about the end of society as we know it, cannabis legalization is only improving the job market and giving people a good time.
Law & PoliticsLink
Doctors Call on DEA to Reschedule Marijuana for Medical Research Purposes
The American Academy of Pediatrics is requesting that the Drug Enforcement Administration reclassify marijuana as a less harmful substance in order to facilitate research of the substance for medical use, according to a policy statement released Monday.
FBI Having Trouble Hiring Hackers Because They're All Stoners
Federal government officials have complained of the difficulty in hiring good hackers because most of the talent they're looking for also happen to smoke weed.
Battle for Medical Cannabis: 9 Year Old Alexis Bortell vs. Texas
Nine year old Alexis Bortell is making waves in Texas as she fights for the legalization of cannabis to help her combat her epilepsy. Alexis has been in a mortal battle with epilepsy since 2013.
Obama Predicts More States Will Legalize Cannabis
While President Obama's stance on the issue of legalization in the past have been less than sympathetic, he has recently made statements predicting a bright future for the legalization movement in the U.S.
Law & PoliticsLink
Girl, 9, Takes Medical Marijuana Fight to Texas Capitol
With the help of a "Team Alexis" Facebook page and branded merchandise to fund the effort, Alexis, who is fighting a life and death battle against epilepsy, has taken the growing medical marijuana movement in Texas by storm. A YouTube video of her firing up activists in Dallas shows her ability...
State Agency Suspicious of High THC Buds in Washington
From the results of laboratory testing, Washington’s recreational cannabis varies widely in THC content. Most strains average around 16% THC, but about 2.5% of cannabis has tested above 28% THC — quite high compared to most.
At Long Last: The First Cannabis Based Credit Union to Open
Finding banks who will cater to cannabis businesses has been a constant obstacle for new ganjapreneurs opening up shops since states began legalizing in the U.S. But that might be about to change thanks to Alex Mason, who plans to open up the first credit union ever that caters to businesses in the cannabis industry.
Colorado Cannabis Firm to Grow on California Tribal Lands
Their aim is to form agreements with several California Native American tribes to grow and manufacture cannabis products on native land and then sell those products to medical dispensaries.