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Workaholics - Whose Weed is That

Category: Videos | Posted on Mon, December, 28th 2015 by THCFinder


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Judge Calls Last Year’s Federal Marijuana Banking Guidance Memo A ‘Nothingburger’

Category: News | Posted on Mon, December, 28th 2015 by THCFinder

banking marijuana industry bankMarijuana businesses are largely boxed out of the banking industry. Most banks will not work with marijuana businesses because marijuana is illegal federally. Last year the United States Treasury Department issued ‘guidance’ on the issue in an attempt to help banks navigate through the rules. That ‘guidance’ proved to just create more confusion and chaos. The marijuana industry is massive, and growing constantly, yet it’s an all-cash industry right now (except for the lucky few that have bank accounts, which could get shutdown at any time).

There needs to be a place that businesses can safely deposit their money and experience the benefits of a regulated banking system that all other state-legal industries experience. Today a credit union (Fourth Corner Credit Union) argued before a federal judge about how the credit union was chartered by the State of Colorado, but that the U.S. Federal Reserve Bank of Kansas City has blocked the credit union’s access to the nation’s banking system, effectively preventing the credit union from working with the marijuana industry. The judge had mixed reactions, in that while the judge sympathizes with the credit union and marijuana industry, the judge isn’t inclined to force the federal banking system to allow access to the credit union. Per the Associated Press:

U.S. District Judge R. Brooke Jackson repeatedly said he sympathizes with the struggling pot businesses. Jackson twice called existing federal guidance on marijuana money a “nothingburger,” meaning that memos from the Treasury and Department of Justice don’t solve the federal-state conflicts caused by legalizing pot.

Read More:http://www.theweedblog.com/judge-calls-last-years-federal-marijuana-banking-guidance-memo-a-nothingburger/


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Syrian Hashish Harvest Workers Stranded in Lebanon

Category: News | Posted on Mon, December, 28th 2015 by THCFinder

We noted a year ago that ISIS was burning the cannabis fields in its areas of control in Syria (even as reports mount that the entire "Islamic State" army is hyped up on speed). In Lebanon's hashish heartland of the Bekaa Valley, meanwhile, cannabis growers have been arming to defend their turf, crops and livelihood in case ISIS invades.

Now, both Reuters and National Public Radio have run reports over the past week on the plight of season migrant laborers who come from Syria to the Bekaa to help harvest cannabis and produce hashish—activities just winding down now. But those who have come this year from the Syrian province of Raqqa cannot return home. Raqqa is now controlled by ISIS, its eponymous provinicial capital the de facto capital of the "Islamic State." And if word got out that these migrant laborers had worked in the hashish industry, they'd be marked for death.

Writes Reuters: "Wearing scarves over their faces to protect them from the crop, the women and their relatives work in fields of the sticky green, spiky-leafed plants. It is a job that migrant workers from neighboring Syria have done for many years, spending a few months a year in the region before returning home. Since the rise of Islamic State, it is now a task that could put them, and their family back in Syria, at risk of harm including death..." A teenaged laborer named only as Aisha said, "If Islamic State back home knew we work with hashish, they would cut us" with knives.

Read More:http://www.hightimes.com/read/syrian-hashish-harvest-workers-stranded-lebanon


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Blunt Art

Category: Tokers | Posted on Sun, December, 27th 2015 by THCFinder


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