Cannabis Blog

Senate Committee Approves Marijuana Banking Bill

Category: News | Posted on Thu, July, 23rd 2015 by THCFinder

marijuana cash industry bankingThe Senate Appropriations Committee approved a measure Thursday (16-14) that is intended to ensure marijuana businesses have access to banking services.

The amendment, offered by Sen. Jeff Merkley (D-OR) to the Financial Services and General Government Appropriations bill, would prohibit the Treasury Department and its enforcement arm, the Financial Crimes Enforcement Network or FinCEN, from using federal funds to punish banks that provide financial services to marijuana businesses that are operating legally under state laws.

Many banks are currently unwilling to provide depository and other basic banking services to marijuana businesses because the substance is still illegal under federal law. Federal, state, and local law enforcement and other government officials say marijuana businesses need to have access to banking because operating entirely in cash raises significant public safety concerns.

The House is unlikely to consider its own Financial Services bill, so it is unclear whether the amendment will be included in any final compromise legislation that is sent to the president.

Earlier this month, Sen. Merkley introduced the Marijuana Business Access to Banking Act, which would amend federal banking laws to prevent banks from being punished for providing services to state-legal marijuana businesses. The bill is co-sponsored by Sens. Cory Gardner (R-CO), Michael Bennet (D-CO), Rand Paul (R-KY), Elizabeth Warren (D-MA), Ron Wyden (D-OR), and Patty Murray (D-WA).

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DEA Paid Millions in Workers’ Comp Benefit to Confidential Informants

Category: News | Posted on Thu, July, 23rd 2015 by THCFinder

Confidential informants have been receiving millions of dollars in workers’ compensation benefits for their service to the Drug Enforcement Administration. On Tuesday, the Department of Justice’s Office of the Inspector General released an infuriating report that tells the tale of federal dope sniffers spending obscene amounts of the taxpayer’s money over the past 40 years to pay degenerates injured or killed while collecting evidence against the black market drug trade. 

In an audit spawned by allegations regarding the DEA’s handing of working class tattletales, the federal watchdog discovered that some of these informants were being paid $500 per week in worker’s compensation while also continuing to earn federal wages for being a rat.

The report finds that between 1997 and 2012, the DEA spent over $2 million paying confidential informants for worker’s compensation benefits, bonuses, and expenses. Although federal employees, such as U.S. postal workers, have the right to collect insurance benefits if they are hurt on the job, the report speculates that felonious thugs and career dope dealers may not exactly meet the criteria spelled out by Uncle Sam’s human resources department.

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I Love You Mary Jane

Category: Fun | Posted on Wed, July, 22nd 2015 by THCFinder


Seniors Are Seeking Out States Where Marijuana is Legal

Category: News | Posted on Wed, July, 22nd 2015 by THCFinder

The top moving destination in 2014 was Oregon, which voted to legalize marijuana last November.
When choosing retirement locales, a few factors pop to mind: climate, amenities, proximity to grandchildren, access to quality healthcare.
Chris Cooper had something else to consider – marijuana laws.
The investment adviser from Toledo had long struggled with back pain due to a fractured vertebra and crushed disc from a fall. He hated powerful prescription drugs like Vicodin, but one thing did help ease the pain and spasms: marijuana.
So when Cooper, 57, was looking for a place to retire, he ended up in San Diego, since California allows medical marijuana. A growing number of retirees are also factoring in the legalization of pot when choosing where to spend their golden years.



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