In The News
|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
By Julian Zelizer, CNN Contributor
August 11, 2014 — Updated 1133 GMT (1933 HKT)
There appears to be a shift in the United States in favor of relaxing marijuana laws, a topic that has dipped in and out of the national conversation for decades. Public perceptions about pot have come a long way, from the dire warnings of “Reefer Madness” to growing acceptance of medical marijuana.
(CNN) — A few decades ago, marijuana was a topic that relatively few people, mostly counterculture musicians and comedians, spoke about in public. The comedy team of Cheech and Chong made films such as “Up in Smoke” that extolled the pleasures of smoking pot at a time the subject was still taboo.
“When trouble times begin to bother me,” they sang, “I take a toke and all my cares go up in smoke.” On the fringes of American society,… Continue reading
Congrats to Paul Armentano for getting his LTE published in the NYT!
Rocky Mountain High Limo Service Tour story shows how legalization can generate new revenue using existing companies and business practices. Instead of a limo tour hoping from bar to bar, this one goes from dispensary to dispensary. Raise your hand if you’d like to go on a marijuana dispensary tour?