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Category: Fun | Posted on Thu, November, 26th 2015 by THCFinder


Banking on the Marijuana Industry?

Category: News | Posted on Thu, November, 26th 2015 by THCFinder

It is legal to sell marijuana in 23 states. But pot businesses can't deposit their money in banks because of federal banking laws. While the dilemma has been a back-burner issue in Congress for several years, a solution may be in the works.

A provision in the upcoming financial services spending bill would prevent the federal government from spending money on penalizing financial institutions that accept legal marijuana businesses as clients. That would greatly reduce the ability of federal agencies' to prosecute the banks.

Increased access to banking would, in turn, decrease the currently cash-only businesses' risk of robbery by allowing customers to pay with debit and credit cards, reduce the likelihood that the business could be used as a money-laundering front and solve the nightmare of trying to pay taxes with cash.

"Forcing businessmen and businesswomen who are operating legally under Oregon state law to shuttle around gym bags full of cash is an invitation to crime and malfeasance," said Sen. Jeff Merkley, D-Ore. "It's time to let banks serve these legal businesses without fearing devastating reprisals from the federal government."

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Longtime California Activist Richard Lee Endorses Sean Parker’s Marijuana Legalization Initiative

Category: News | Posted on Thu, November, 26th 2015 by THCFinder

richard lee oaksterdamRichard Lee isn’t in the spotlight as much as he used to be. I first learned about Richard Lee when I saw him on national television talking about his dispensary and Oaksterdam University. It was awhile ago, so I don’t remember which news outlet it was on, but I will always remember Richard Lee’s passion for all things cannabis. In the video he showed the news anchor different types of cannabis, and was very patient and polite when she asked very dumb questions. Again, this was awhile ago, so the tongue-in-cheek comments were much more prevalent at the time.

This blog was created in 2010, the same year that Richard Lee ponied up a ton of his own money to be the main funder behind California Proposition 19. Proposition 19 wasn’t the first legalization effort in American history, but it is one that I use to measure marijuana reform. Proposition 19, despite its defeat in 2010 in California, ushered in a new era of marijuana politics. Just two years after Proposition 19 changed the conversation surrounding marijuana legalization, two states (Colorado and Washington) voted to legalize marijuana. Two years after that, Oregon, Alaska, and Washington D.C. joined the list of legalizers.

Sadly, California was unable to get on the ballot in 2012 and 2014. Getting an initiative, any initiative, on the ballot in California is expensive and takes a lot of resources. In 2012 and 2014 resources were spread too thin in California, with many legalization initiative efforts competing against each other. 2016 is setting up to be the biggest year in marijuana legalization history, with California being the focal point. Like usual, there are many efforts in California to get a legalization initiative on the ballot. Last I heard there were 10 of them.

One of them is getting a lot of buzz because of the massive amount of money backing it. The initiative is commonly referred to as the ‘Sean Parker marijuana legalization initiative’ since it’s main supporter is Sean Parker who co-founded Napster and was a very early investor in Facebook. That effort received a very significant endorsement yesterday, via an article on Marijuana.Com by the always hardworking Tom Angell. Per Tom’s article:

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Michigan Court: Medical Marijuana Patients Eligible for Unemployment Benefits

Category: Politics | Posted on Thu, November, 26th 2015 by THCFinder

Using medical marijuana in the state of Michigan may cost you your job, but it won’t cost you yourunemployment benefits. So decided the Michigan Supreme Court earlier this month, when it failed to consider an appeal by Michigan’s Unemployment Insurance Agency.

The decision keeps in place a 2014 appellate court ruling determining that qualified medical patients cannot be denied unemployment benefits simply for failing a workplace drug test. As long as there is “no evidence to suggest that the positive drug tests were caused by anything other than claimants' use of medical marijuana in accordance with the terms of the MMMA (Michigan Medical Marijuana Act), the denial of the benefits constitute[s] an improper penalty,” the<lower court opined.

Over 60 percent of Michigan voters decided in favor of the Michigan Medical Marijuana Act in November 2008.

The ruling marks the second time that a state court has ordered that medical marijuana patients are eligible for compensation while off the job. Last year, the New Mexico Court of Appeals decided that a person’s use of medical cannabis constitutes “reasonable and necessary care” and that such care ought to be reimbursed by employers in instances where it is used to treat injuries sustained while working. Under newly proposed state rules, injured workers may be eligible to receive compensation for up to two pounds of medical cannabis over a one-year period.

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