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Marijuana: Proposed federal bill seeks to give pot businesses banking access

Category: News | Posted on Fri, July, 12th 2013 by THCFinder
potbanking-accessEven though medical marijuana businesses are legal at the state level, they still are illegal under federal law. And while this raises the spectre of federal law enforcement coming down on Colorado businesses, the bigger concern revolves around banking. Since banks are monitored federally, they do not like to do business with enterprises that are not legal on the federal level. This means that the millions of dollars coming in from the marijuana industry in this state are usually coming through cash transactions.
 
Senator Pat Steadman proposed a bill last year in the Colorado Legislature aimed at correcting this growing problem, but it met with no success. And there's been no proposal at all on the federal level -- until now.
 
U.S. Representatives Ed Perlmutter (who represents Colorado's seventh district) and Denny Heck (Washington), along with a bipartisan group of sixteen other Republicans and Democrats (a complete list is at the bottom of this post), submitted a bill this morning to update federal banking rules.
 
"We need to address the public safety, crime and lost tax revenue associated when these legal and regulated businesses are operating in a cash-only system," Perlmutter said in a release. "We also need to provide financial institutions assurance that they can make their own business decisions related to legal, financial transactions without fear of regulatory penalties or criminal prosecution."
 

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Marijuana May Make Us Thinner, Even with the Munchies

Category: News | Posted on Fri, July, 12th 2013 by THCFinder
getting-thinnerIt sounds counter-intuitive, but marijuana may help people be thinner. The illegal drug known for causing the munchies was at the heart of a recent study (published in May's Journal of American Medicine) that examined its effect on metabolic processes. The results, though certainly not conclusive, show a correlation between smaller waist circumference and marijuana use. Not only were users thinner, but they also appeared to be healthier overall than those who have never used marijuana. 
 
 In the study, comprising of more than 4,600 people, 12 percent of participants said they were current marijuana users and 42 percent had used it in the past, but not in the last month. Scientists assessed waist circumference and other weight-related factors in all participants. Studies conducted before this one had shown that marijuana users had lower prevalence for diabetes and obesity. However, this was the first study to also test insulin and glucose levels and insulin resistance in regards to marijuana usage. 
 

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Joint Effort: Washington Brewers Release Hemp Beer to Celebrate Marijuana Legalization

Category: News | Posted on Fri, July, 12th 2013 by THCFinder
hemp-beer-joint-effortSEATTLE, WA – Redhook Brewery, the Northwest’s original craft brew, announced today the release of  “Joint Effort,” a new hemp beer brewed in collaboration with Seattle’s Hilliard’s Beer that celebrates the legalization of marijuana in Washington State.
 
The relationship between the two breweries began with a Ballard bar-hopping trip down memory lane for Redhook’s brewing team. The area where it all started for Redhook in 1981 has since become known as the “Redhook District” and is a haven for beer lovers with a number of notable breweries opening and thriving. Among those is Hilliard’s Beer, founded in October 2011 by Ryan Hilliard and Adam Merkl.
 
“We have a real appreciation for the brewing energy in Ballard right now. Thirty years ago Redhook was exactly where guys like Hilliard’s, Reuben’s Brews and Populuxe are today,” said Karmen Olson, Redhook Brand Manager. “We’re stoked to be working with our friends at Hilliard’s and to raise a pint to our Emerald City heritage.”
 
Joint Effort is a session ale brewed with hemp seeds. Dry-hopped with Zeus, Cascade, Summit hops, Joint Effort has a dank, resinous hop aroma balanced by nutty, earthiness from hemp seeds. It’s the perfect brew for hanging with your buds, grabbing some munchies and enjoying a beer. ABV 5.6%, IBU 25.
 
“We’re really excited to release Joint Effort with Redhook because we have a lot of respect for how they helped shape craft beer in Washington,” said Hilliard’s Beer co-founder Ryan Hilliard. “It’s the first collaboration beer either of us has done with another brewery and it’s fitting they started in Ballard a few blocks from where we are. Voting to legalize marijuana use in Washington is another example of the pioneering spirit that makes this state so great.”
 

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Arizona sheriff ordered to return marijuana seized from woman

Category: News | Posted on Thu, July, 11th 2013 by THCFinder
arizona-sheriff-mjPHOENIX -- The Arizona Supreme Court is letting stand a lower court's ruling that the Yuma County sheriff must return marijuana seized from a woman with a California medical marijuana authorization honored by Arizona.
 
The justices without comment on Monday declined to review a January ruling by the Court of Appeals.
 
The January ruling said medical marijuana seized from Valerie Okun must be returned to her.
 
It said that's because Arizona's medical marijuana law allows people with medical marijuana authorizations from other states to legally possess marijuana in Arizona.
 
The marijuana was found in Okun's vehicle at a Border Patrol checkpoint near Yuma. State drug charges against her were dismissed after she showed she had authorization under California's medical marijuana program.
 
Prosecutors argued that federal drug law invalidates Arizona's medical marijuana law.
 
Read more: http://www.khou.com

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Veteran loses gun rights for 1971 misdemeanor marijuana conviction

Category: News | Posted on Thu, July, 11th 2013 by THCFinder
gun-rightsAn Army veteran who retired after 20 years of service is fighting to win back his Second Amendment rights after learning during a gun permit application process that he can’t own one — he’s got a decades-old misdemeanor for marijuana.
 
That was back in high school, said Ron Kelly of his 1971 minor pot charge. And he had forgotten all about it when he tried to buy a .22-caliber rifle at a Tomball, Texas, Wal-Mart. The clerk informed him he didn’t pass the computerized background check, the Houston Chronicle reported.
 
Federal law guiding the National Instant Criminal Background Check System says that any person who is convicted of a crime — even a misdemeanor — that carries the potential for two years in jail can be denied gun ownership, The Blaze reported.
 
Mr. Kelly said he had served a night in jail and a year of probation. He didn’t know of his loss of Second Amendment rights — and meanwhile, he estimated he fired more than 100,000 rounds while serving in the Army infantry.
“I am ashamed of the way my government has treated me,” he said in the Chronicle.
 
He’s since contacted his congressman and senator, asking for help to get back his gun ownership rights, The Blaze said.
 

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Jamaica Bans Smoking Tobacco, Marijuana Is Another Matter

Category: News | Posted on Wed, July, 10th 2013 by THCFinder
tobacco-banned-jamBanning smoking in public places is not all that uncommon as popular destinations worldwide look to promote a healthy environment for visitors to enjoy. But to some in the Bob Marley-induced culture of Jamaica, tobacco smoke is not the issue.
 
The new law of the land goes into effect on July 15, when visitors will no longer "have to involuntarily inhale tobacco smoke, with its over 40 carcinogens," said Jamaica's minister of health Fenton Ferguson in a Jamaica Observer article. Jamaicans get that, responding with support for the move to ban cigarette smoking.
 
On another smoke-related front, Jamaica's Ganja Law Reform Coalition (GLRC) argues that marijuana is a plant with various uses, including environmental and recreational. They propose for marijuana to be taxed and regulated, something not on the agenda of minister Ferguson.
Choosing instead to address other health concerns including excessive alcohol consumption and identifying the contents of fast food, Ferguson insists that "tobacco is the one that a little bit of smoke, a little puff every now and again is dangerous for you."
 

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