Search:
Login:
OR

Marijuana Blog

Pot Bank Begs for Access to Nation's Banking System

Category: News | Posted on Wed, December, 30th 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


Comments

What strain are you smoking on today?

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


Comments

Michigan Legislature Gags Local Officials On Ballot Proposals

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

michigan marijuanaKathleen Gray of the Detroit Free Press has uncovered a potentially earth-shattering story from the Michigan legislature.  Lawmakers have passed a measure that bans using public funds or resources to educate the public on any proposal appearing on a ballot within 60 days of the election; SB 0571 was approved by both the House and Senate in some late-night legislative wrangling before lawmakers skipped out of town for Christmas break. It was presented to the Governor for his signature at 10:52 on December 28.

This story of ambush is all-too-familiar to Michigan’s civil rights organizations: This was ”the final bill passed before the legislature adjourned… started out as a fairly innocuous campaign finance bill… was totally changed at the last minute in the House…that provision was added without any public hearings or notice to the parties that will be most affected… the revamped bill grew from 25 to 53 pages during the late-night session… Democrats objected to the bill, primarily because it wasn’t shared with them until moments before a vote was taken…  the bill passed, mostly along party lines…”

The exact language of the Bill reads:

Sec. 57 (3) EXCEPT FOR AN ELECTION OFFICIAL IN THE PERFORMANCE OF HIS OR HER DUTIES UNDER THE MICHIGAN ELECTION LAW, 1954 PA 116, MCL 168.1 TO 168.992, A PUBLIC BODY, OR A PERSON ACTING FOR A PUBLIC BODY, SHALL NOT, DURING THE PERIOD 60 DAYS BEFORE AN ELECTION IN WHICH A LOCAL BALLOT QUESTION APPEARS ON A BALLOT, USE PUBLIC FUNDS OR RESOURCES FOR A COMMUNICATION BY MEANS OF RADIO, TELEVISION, MASS MAILING, OR PRERECORDED TELEPHONE MESSAGE IF THAT COMMUNICATION REFERENCES A LOCAL BALLOT QUESTION AND IS TARGETED TO THE RELEVANT ELECTORATE WHERE THE LOCAL BALLOT QUESTION APPEARS ON THE BALLOT.

Read More:http://www.theweedblog.com/michigan-legislature-gags-local-officials-on-ballot-proposals/


Comments

Workaholics - Whose Weed is That

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


Comments


Search







Blog Categories

Popular Articles

Latest Offers In Your Area
Recent Blog Posts
Download Our App!
25 Miles Away | Long Beach,
25 Miles Away | Long Beach,
25 Miles Away | Long Beach,
February 5, 2016 | Category: Fun
February 5, 2016 | Category: News
February 5, 2016 | Category: Videos
Mobile Apps
Copyright 2016 THCFinder.com
All Rights Reserved.
Dispensaries      Strains      About Us      Friends      API / Widgets      Privacy Policy      Terms of Use      Investors      Contact Us