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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).

Read More:http://www.theweedblog.com/senate-committee-approves-marijuana-banking-bill/


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Arizona Court: Marijuana Odor Is Not Sufficient Probable Cause

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

Law enforcement agencies pulling shakedown maneuvers in medical marijuana states are now being forced back to the drawing board to develop an alternative to their once tried-and-true method for establishing probable cause: an officer claiming to smell weed. Several judges, including a few presiding over an Arizona court, have recently ruled that the odor of marijuana no longer gives police the right to initiate a raid.

The Arizona Court of Appeals recently delivered a verdict suggesting that with the passing of the state’s medical marijuana law, the odor of raw or burnt cannabis could no longer be used to determine probable cause. In the decision, Judge Peter Eckerstrom wrote that medical marijuana “is lawful under Arizona law,” and therefore “its scent alone does not disclose whether a crime has occurred.” 

Essentially, this means that Arizona police can no longer petition a judge for a search warrant simply because an officer claims to smell weed. Instead, the court declared that law enforcement would need to implement an “odor-plus” policy when investigating potential criminal activity associated with marijuana. Otherwise, Eckestrom wrote, the state is witting violating the constitutional rights of its people.

Read More:http://www.hightimes.com/read/arizona-court-marijuana-odor-not-sufficient-probable-cause


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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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Marijuana CEO Puts Tornado Victims in Hotel Rooms

Category: News | Posted on Tue, July, 21st 2015 by THCFinder

When tragedy happens, a pot dealer is typically the last person a community expects to come to the rescue. However, when a vicious tornado ripped through central Illinois last week and caused extensive damage to dozens of homes, the proprietor of the medical marijuana company swooped in to lend a helping hand, paying to house all the victims in a nearby hotel.

According to a report in the Chicago Tribune, Tim McGraw, CEO of Revolution Enterprises—a medical marijuana business licensed to cultivate in the small town of Delavan—paid for all of the people displaced by a recent tornado to stay in hotels until their living situation returns to some degree of normalcy. 

The town’s mayor, Liz Skinner, said that at least nine homes were completely destroyed and millions of dollars of damage was incurred.

The not-yet-operational, 75,000 square-foot cultivation center owned by Revolution Enterprises was fortunate enough to escape the wrath of Thursday’s twister—a stroke of luck that ultimately prevented the company from enduring the pains of starting operations all over again.

It was for this reason—when company heads heard that the families rendered homeless by the tornado would be forced to sleep on cots at the American Legion Hall—they immediately coughed up the green from their personal accounts to pay for everyone to stay in a hotel.

Read More:http://www.hightimes.com/read/marijuana-ceo-puts-tornado-victims-hotel-rooms


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Congressional Briefing To Highlight Need To Fix Research System For Marijuana

Category: News | Posted on Tue, July, 21st 2015 by THCFinder

congress marijuana sanjay gupta weedOn Thursday, July 23rd Americans for Safe Access (ASA) is hosting a Congressional Briefing with Representative Earl Blumenauer (D-OR) on federal barriers faced by researchers working to understand the medical uses of marijuana.   The briefing will provide expert testimony on how federal policy has undermined medical marijuana research, the state of  contemporary medical marijuana research and the impact of reform proposals.

Dr. Sue Sisley will present testimony on how federal barriers have directly blocked her research on using marijuana to treat Post Traumatic Stress Disorder including the adverse impacts of the Drug Enforcement Agency licensing only one entity (National Institute on Drug Abuse) to grow the federal research supply of marijuana. Dr. David Casarett, associate professor at the University of Pennsylvania Perelman School of Medicine and author of the recently published book, Stoned: A Doctor’s Case for Medical Marijuana will discuss contemporary medical marijuana research.  The final speaker will be John Hudak, fellow in Governance Studies at the Brookings Institute and Managing Editor of the FixGov blog. Mr. Hudack will be discussing the often misunderstood impact of moving marijuana to a different schedule classification under the Controlled Substances Act.

“With prominent members of Congress calling for more research on medical marijuana,  it’s time we start hearing from experts about how to make increased medical marijuana research a reality,” said Steph Sherer ASA Executive Director.  ”These experts can tell us first hand how the federal government’s policies undermine research and how reforms like the CARERS act can move this essential medical research in area forward.”

Read More:http://www.theweedblog.com/congressional-briefing-to-highlight-need-to-fix-research-system-for-marijuana/


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Planned First-Ever Marijuana TV Ad Pulled From Colorado Station

Category: News | Posted on Tue, July, 21st 2015 by THCFinder

The first television ad for a marijuana product, set to run on a local Colorado station Tuesday night, has been pulled from the lineup over legal concerns.

The 15-second spot for Neos, which makes "vape pens" infused with cannabis oil, was scheduled to air on Denver ABC affiliate KMGH before the "Jimmy Kimmel Live!" show, a Neos representative told NBC News last week.

But Scripps, the parent company of Denver station KMGH, decided that the commercial shouldn't run, said Valerie Miller, a Scripps communications manager.

The local station had previously approved the spot, but then told Cannabrand, the marketing company representing Neos, that the ad would be put on hold indefinitely as the parent company "investigates the legality of airing a 'federally illegal' substance on federal airwaves," a Cannabrand statement said. Recreational marijuana is legal in Colorado but not on a federal level.

Read More:http://www.nbcnews.com/news/us-news/plan-first-ever-marijuana-tv-ad-pulled-colorado-station-n395976


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