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Credit Union Lawsuit Against The Federal Reserve Over Marijuana Banking Is Dismissed

Category: News | Posted on Wed, January, 6th 2016 by THCFinder

banking marijuana industry bankFourth Corner Credit Union sued the Federal Reserve in an attempt to gain access to the federal banking system. That case was dismissed today. I think it’s worth pointing out that the judge overseeing the case recently referred to federal marijuana banking guidance as a ‘Nothingburger’ and expressed support for marijuana banking. However, he said at the time that the lawsuit wasn’t about his opinion, and that a lawsuit wouldn’t bring about banking reform. He said that only Congress can do that in a legal, binding way. Below is a reaction to today’s dismissal from the National Cannabis Industry Association:

A federal judge today dismissed a lawsuit filed by the Fourth Corner Credit Union against the Federal Reserve in hopes of providing banking services to the legal cannabis industry. In his ruling, Judge R. Brooke Jackson said Congress must provide the answer, stating, “I regard the [cannabis banking] situation as untenable and hope that it will soon be addressed and resolved by Congress.”

Fourth Corner is a credit union chartered by the State of Colorado and designed to serve legitimate cannabis businesses, but the Federal Reserve had denied its request for a master account, which would have allowed them to provide checking services to its members.

Read More:http://www.theweedblog.com/credit-union-lawsuit-federal-reserve-marijuana-banking-dismissed/


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Police in Legal States Using Social Media to Bust People for Marijuana

Category: News | Posted on Wed, January, 6th 2016 by THCFinder

Even in states where marijuana has been made legal, law enforcement agencies are still engaging in underhanded practices, some of which are blatant models of entrapment, to arrest people for marijuana.

A recent investigational report by CBS4 has discovered that Denver police have been using social media platforms, such as Facebook and Instagram, to pose as black market growers in an attempt to bust those who purchase weed from anywhere other the city’s licensed pot shops. 

While it seems unnecessary for cops to conduct marijuana sting operations in a state where prohibition has not had a pulse for the past two years, legalization has not stopped the hounds of Denver’s drug task force from concocting inventive ways to continue bringing the hammer down on what is left of the marijuana underworld. The report finds that Denver police have been setting up phony social media accounts, complete with back stories as to not arouse suspicion, to post photos of marijuana grows, tagged with captions like, “Place your order today, gets shipped out before 8 a.m.”

In fact, a Facebook post with a picture of a cultivation site under the headline “Getting close to peak!! Taking orders now!!” is what brought the heat down on 26-year-old Sean Edelson.

Read More:http://www.hightimes.com/read/police-legal-states-using-social-media-bust-people-marijuana


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What strain are you smoking on today?

Category: Fun | Posted on Tue, January, 5th 2016 by THCFinder


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Former US Rep Mike Ward And ‘Legalize Kentucky Now’ Seek To Reform Kentucky’s Marijuana Laws

Category: Medical Marijuana | Posted on Tue, January, 5th 2016 by THCFinder

legalize kentucky now marijuana cannabisPeople have been fighting for marijuana reform in Kentucky for a long time. The Southeastern part of the United States does not have any medical marijuana states or recreational marijuana states. A new organization was launched today to try to change that. The organization is called ‘Legalize Kentucky Now’ and is lead by former United States Representative Mike Ward. Per The Courier-Journal:

Former U.S. Rep. Mike Ward is trying to bring mainstream credibility to the effort to legalize medical marijuana in Kentucky.

He announced Monday that he is the president and CEO of Legalize Kentucky Now, a nonprofit that will push for Kentucky to become the 24th state overall and the first in the southeast to make pot available with a doctor’s prescription.

“It’s time,” he said. “This is absolutely something that is going to happen in this country and this state.”

Mike Ward became a supporter of medical marijuana after watching it help alleviate his brother’s suffering and helped his brother’s appetite when he was fighting AIDS in the 1990’s. The media reports from today stated that the organization Legalize Kentucky Now would be pushing for a medical marijuana bill in the Kentucky Legislature, but the Legalize Kentucky Now website states that it hopes to bring recreational legalization to Kentucky eventually as well.

Read More:http://www.theweedblog.com/us-rep-mike-ward-legalize-kentucky-now-reform-kentuckys-marijuana-laws/


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