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U.S. Senators Introduce Bipartisan Marijuana Banking Bill

Category: News | Posted on Fri, July, 10th 2015 by THCFinder

congress medical marijuanaSenators Jeff Merkley (D-OR), Cory Gardner (R-CO), Michael Bennet (D-CO), Rand Paul (R-KY), and Ron Wyden (D-OR) introduced the Marijuana Business Access to Banking Act today in a much-needed move to allow legitimate marijuana businesses to conduct legal financial operations. While the move sounds like a minor regulatory matter, the lack of clear financial guidelines represents the single greatest obstacle to state-legal marijuana businesses operating safely and profitably. Currently, dispensaries and other businesses in states that have legalized medical marijuana or that allow adult use must operate cash-only businesses because banking services fall under federal, rather than state law.

“Right now, it’s the Wild West for marijuana businesses,” said Major Neill Franklin (Ret.), executive director of LEAP. “Criminals know where the dispensaries are. They know the businesses are making thousands of dollars a day and that all of those transactions are in cash. It’s led to some horrific incidents, all courtesy of the federal government. They’re setting these businesses up to fail and, worse, they’re endangering people’s lives.”

Most dispensaries have had to hire expensive private security firms to set up elaborate safety systems and to accompany employees as the cash leaves the premises. Because of these precautions, many dispensaries, even those conducting large volume of sales, retain little profit. States are the other major losers in this scenario as the lack of accountability encourages the underreporting of taxes.

Read More:http://www.theweedblog.com/u-s-senators-introduce-bipartisan-marijuana-banking-bill/


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Federal Government Raids Native American Marijuana Operation

Category: News | Posted on Fri, July, 10th 2015 by THCFinder

In spite of a 2014 memorandum by the Justice Department giving Native American tribes permission to cultivate and sell cannabis on reservation lands, the federal government has apparently decided to go back on its word. On Wednesday, a band of drug agents were sent in to take down two tribal grow operations in Northern California, a raid that reportedly led to the seizure of around 12,000 plants and over 100 pounds of raw cannabis. 

press release issued by the Department of Justice indicates that the Drug Enforcement Administration teamed up with the Bureau of Indian Affairs to bring the heat down on the Pit River XL Reservation and the Alturas Reservation in Modoc County over concerns that they had partnered with a tobacco company to produce marijuana on a large scale.

The search warrant states that probable cause for the raid was established based on word from a number of confidential informants that Canadian businessman Jerry Montour, the CEO of a leading cigarette manufacture, was funding the small tribe’s entire operation. A preliminary investigationuncovered at least 40 grow houses on the reservation, which was supposedly enough to give agents reason to suspect illegal activity. 

Read More:http://www.hightimes.com/read/federal-government-raids-native-american-marijuana-operation


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What strain are you smoking on today?

Category: Fun | Posted on Thu, July, 9th 2015 by THCFinder


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Pot-Smoking Indianapolis Church Sues Over Marijuana Laws

Category: News | Posted on Thu, July, 9th 2015 by THCFinder

A pot-smoking church sued the city of Indianapolis and state of Indiana on Wednesday, claiming laws against possession and use of marijuana infringe on its religious beliefs.

The First Church of Cannabis, formed as a test of Indiana's new religious objections law, filed its lawsuit in Marion Circuit Court in Indianapolis, naming multiple defendants including Gov. Mike Pence and state and local law enforcement officers.

The lawsuit claims church members believe marijuana is a sacrament that "brings us closer to ourselves and others. It is our fountain of health, our love, curing us from illness and depression. We embrace it with our whole heart and spirit, individually and as a group."

The lawsuit says Indiana laws that make possession of marijuana or visiting a place where it is used a punishable offense place a burden on the church's exercise of religion, violating the state and U.S. constitutions.

"We are taking legal action today to ensure love has no barriers in our land," church founder Bill Levin, 59, said at a news conference in front of the Statehouse. "Today we invite the state of Indiana and all its leaders to joyfully meet us in a court of law for clarifications on our core religious values. We look forward to engaging them on the high plane of dignity and discipline, with love and compassion in our hearts, to find a swift and sensible answer for our questions of religious equality."

Read More:http://abcnews.go.com/US/wireStory/pot-smoking-indianapolis-church-sues-marijuana-laws-32311459


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