SEC Allows Pot Dealer To Register Stock

This approval appears to be the first green light for a share registration by a company in this line of business and could set a precedent for marijuana dealers to access the equity markets, but the agency’s ambivalence about such a business model is clear from the way it handled the registration.

NEW YORK:  The U.S. Securities and Exchange Commission has allowed a share registration to proceed for a company whose business model includes cultivation and sale of marijuana, which are both illegal under federal law, though legal under some state laws. This approval appears to be the first green light for a share registration by a company Read the full article…

Medical Marijuana Debate In New York Turns To Smoking

The bill's sponsor, Sen. Diane Savino, appeared on the same show Monday, saying eliminating smokable marijuana was a "non-starter." She said: "We've done everything possible to mitigate the issue of smoking but health-care professionals who prescribe medical marijuana and patient advocates will be the first to tell you that smoking marijuana is the only way that will provide the relief that they need. It is easier to manage the dosage."

NEW YORK:  The debate over legalizing medicinal marijuana on Monday turned to a new issue as opponents and advocates argued over whether patients should be allowed to smoke the drug when it is prescribed. Gov. Andrew Cuomo, after days of expressing veiled concerns about full-scale legalization of medical pot, was more explicit on Monday about his issues Read the full article…

WSJ Poll: Candy Is Dandy But Pot Is Less Harmful

When Americans were asked their opinion on the most harmful of four substances, tobacco (49%) and alcohol (24%) came in first and second place, followed by sugar (15%) and marijuana.

NEW YORK: What’s worse for your health: a candy bar or a joint? The new Wall Street Journal/NBC News poll produced a surprising answer. Sugar. When Americans were asked their opinion on the most harmful of four substances, tobacco (49%) and alcohol (24%) came in first and second place, followed by sugar (15%) and marijuana. Only 8% said Read the full article…