In The News
Article by: KRISTEN WYATT , Associated Press
Updated: September 10, 2014 – 5:30 PM
DENVER – Colorado is now selling more recreational pot than medical pot, a turning point for the newly legal industry.
Tax records released by the state Department of Revenue on Wednesday showed that the state sold $29.7 million worth of recreational marijuana in July, the most recent data available. That was slightly higher than the $28.9 million worth of medical marijuana sold in June.
Colorado has many more medical pot shops than recreational pot shops, which are open to all over 21. Colorado has some 500 medical shops, fewer than 200 open to all adults.
Since January, Colorado has reaped more than $37 million in taxes from marijuana. That figure includes taxes, licenses and fees from both medical and recreational pot.
What a great way to advertise the upcoming election in Florida. It will be the first southern state for medical! This election in November will make great strides toward removing cannabis prohibition.
Court challenge stems from B.C. case of Owen Smith, who was charged with trafficking for baking pot cookies
Posted: Aug 14, 2014 10:42 AM PT Last Updated: Aug 14, 2014 10:43 AM PT
It’s unconstitutional to forbid licensed medical marijuana users from possessing pot-laced products such as cookies or body creams, a B.C. Court of Appeal judge rules.
Parliament has been told to recraft the Controlled Drugs and Substance Act to allow medicinal marijuana users to use products made from cannabis extract. They can include creams, salves, oils, brownies, cakes, cookies and chocolate bars.
The court challenge stems from the case of Owen Smith, who was charged with trafficking for baking pot cookies and producing topical cannabis creams for a medical marijuana club in Victoria… Continue reading
Marc Emery, ‘prince of pot,’ arrives in Windsor, Ont. B.C.-based marijuana activist will get ‘right back to work,’ says his wife, Jodie Emery
CBC News Posted: Aug 12, 2014 8:25 AM ET Last Updated: Aug 12, 2014 9:31 PM ET
Marc Emery speaks today after leaving U.S. prison 2:56
EXCLUSIVE Marc Emery speaks to CBC 3:33
Marc Emery, the self-proclaimed “prince of pot,” has arrived in Windsor, Ont., after his release from a U.S. prison.
Emery couldn’t have planned it better. He stepped onto Canadian soil right around 4:20 p.m. (420 is code for the use of marijuana). Speaking at Windsor’s City Hall Plaza, he thanked his supporters and took questions from reporters.
Emery was handed a five-year sentence in the U.S. for selling marijuana seeds to American clients from his Vancouver-based company, Cannabis Culture. After spending just over four years behind bars, he was released… Continue reading
Poll: Two-Thirds Of Americans Say Private Consumption Of Cannabis Should Be Legal
by Paul Armentano, NORML Deputy Director
August 13, 2014
Sixty-six percent of Americans believe that adults ought to legally be able to consume cannabis in the privacy of one’s own home, according to results of a nationwide HuffingtonPost/YouGov survey released late last week.
Seventy-two percent of self-identified Democrats and 70 percent of Independents said that the private consumption of cannabis should be legal. Republican respondents endorsed private consumption by a margin of 50 percent to 39 percent.
Fifty-five percent of respondents – including 62 percent of Democrats and 60 percent of Independents – also said that they supported statewide laws seeking to tax and regulate the commercial production and retail sale of cannabis to adults, such as those recently enacted in Colorado and Washington. By contrast,… Continue reading
|Brazilian Senate Considering Legalizing Marijuana|
|2014 – August 2014|
|Written by Karine Melo|
|Monday, 11 August 2014 22:05|
|The legalization of the production, trade and use of marijuana was once again a topic under debate this Monday, August 11, at the Brazilian Senate’s Human Right Commission. The discussion is part of a series of public hearings, and aims to determine whether the issue will provide the subject of a new bill, taking into consideration a report to be drawn up by SenatorCristovamBuarque.”I haven’t adopted a position. I’m not convinced of anything,”Buarque admitted. In his view, Brazil is losing its war on drugs. “We must look for other ways to tackle the problem, either by legalizing marijuana or by creating new tools that, without legalization, enable us to win this war”, he argued.Activist Alamar de Carvalho, in turn, holds a very clear opinion on the issue: “We do not… Continue reading|
More Than 100 Banks, Credit Unions Serving Pot Businesses: Feds
by Kevin Wack
AUG 11, 2014 10:00pm ET
(Brett adds – The full prepared statement of FinCEN Director Jennifer Shasky Calvery is online @ http://www.fincen.gov/news_room/speech/html/20140812.html)
There are 105 U.S. financial institutions providing banking services to marijuana dispensaries and other pot businesses, a top federal official is expected to reveal in a speech Tuesday.
The speech provides the most detailed look yet at the impact of marijuana guidance the Financial Crimes Enforcement Network issued to banks and credit unions in February, though it’s unlikely to resolve the lingering doubts that many banks still have.
Marijuana shops, which generate large amounts of cash and can be targets of thieves, have been lobbying for more access to the mainstream financial system. The guidelines were meant to encourage financial institutions to do business with the industry provided they met certain criteria, and… Continue reading