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Mexican marijuana farmers see profits tumble as U.S. loosens laws

Category: News | Posted on Tue, December, 29th 2015 by THCFinder

 started growing marijuana as a teenager and for four decades earned a modest living from his tiny plot tucked at the base of these rugged mountains of western Mexico.

He proudly shows off his illegal plants, waist-high and fragrant, strategically hidden from view by rows of corn and nearly ready to be harvested.

"I've always liked this business, producing marijuana," the 50-year-old farmer said wistfully. He had decided that this season's crop would be his last.

The reason: free-market economics.

The loosening of marijuana laws across much of the United States has increased competition from growers north of the border, apparently enough to drive down prices paid to Mexican farmers. Small-scale growers here in the state of Sinaloa, one of the country's biggest production areas, said that over the last four years the amount they receive per kilogram has fallen from $100 to $30.

Read More:http://www.latimes.com/world/mexico-americas/la-fg-mexico-marijuana-20151230-story.html


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Half Baked - Thurgood Gets Some Medical Marijuana

Category: Videos | Posted on Tue, December, 29th 2015 by THCFinder


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Mexico Set To Debate Marijuana Legalization On January 25th

Category: News | Posted on Tue, December, 29th 2015 by THCFinder

mexico flag marijuanaMexico is set to hold a series of debates about marijuana legalization. The first debate is scheduled for January 25, with the last one wrapping up on February 17. I first heard about the announcement via Tom Angell, who wrote about the debate schedule recently on Marijuana.Com:

A leading Mexican lawmaker just announced that the country’s Congress will hold a series of debates on legalizing marijuana in the new year.

“This will be an unprecedented year for Congress in terms of exchange of information, assessments and debate in which legislators and specialists participate,” Jesus Zambrano Grijalva, president of the Congress’s Permanent Committee, said in a press release on Sunday. “We can discuss, ask questions, doubts, listen to opinions, suggestions on what should be a comprehensive policy for drugs in our country. This is an issue that we have to discuss, so it must be a true exercise of enrichment.”

The announcement of the debate sessions, which are set to begin on January 25, comes less than two months afterMexico’s Supreme Court ruled that individuals have a right to grow and distribute marijuana for personal use. While that case only currently applies to the four individuals who brought it, the right to cultivate and consume cannabis would become binding nationwide if the court ruled similarly a handful of additional times.

Read More:http://www.theweedblog.com/mexico-set-to-debate-marijuana-legalization-on-january-25th/


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Pot Bank Begs for Access to Nation's Banking System

Category: News | Posted on Tue, December, 29th 2015 by THCFinder

 DENVER (AP) — The booming marijuana industry went to a federal judge Monday seeking an answer to the problem that has vexed business owners trying to emerge from the black market: Now that pot is legal and taxed in some states, why can't they put the proceeds in a bank?

A Colorado credit union designed to serve the pot industry - Fourth Corner Credit Union - was challenging a decision by the U.S. Federal Reserve Bank of Kansas City to keep the pot bank from accessing the nation's financial system. The feds' rejection earlier this year means that the pot bank can't take deposits or issue credit - leaving many marijuana businesses operating on a cash-only basis.

"What do you want us to do with the money?" cried an exasperated Mark Mason, lawyer for the credit union, which was chartered by Colorado last year but has been unable to start taking customers.

Read More:http://www.hightimes.com/read/pot-bank-begs-access-nations-banking-system


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