Illinois Marijuana Hearing Draws Entrepreneurs

Ralph Wilson, left, looks at a business card he was handed after he testified at a public hearing on proposed rules for Illinois’ new medical marijuana program Monday, May 5, 2014, in Chicago while would-be patient Steve Investors and patients grilled public officials Wednesday at a public meeting to ask state regulators about the process to apply to grow, dispense or use medical marijuana.

ILLINOIS: A public hearing on Illinois‘ new medical marijuana program morphed into an informal networking session Monday, with would-be growers, retailers and patients collecting business cards and sharing trade secrets. The hearing in Chicago drew about 200 people, with two dozen testifying about proposed rules for the state’s four-year pilot program. Pharmacists said they should Read the full article…

DEA To Boost Marijuana Supply For Research

"That's a lot of marijuana," DEA spokeswoman Barbara Carreno said. "One kilogram is equivalent to a brick. So 650 kilograms would look like 650 bricks and would probably fill a cargo van."

DISTRICT OF COLUMBIA: The Drug Enforcement Administration (DEA) is approving a massive increase in the amount of marijuana that government researchers can use for studies due to a growing interest in medical marijuana. The National Institute on Drug Abuse (NIDA) will now have access to 650 kilograms of pot, after the DEA announced Friday in the Federal Register it is Read the full article…

Uruguay President Calls Colorado’s Legal Pot System ‘Complete Fiction’

The state will sell five different strains, containing a maximum level of 15 percent THC, the substance that gets consumers high. Each bag will be bar-coded, radio-frequency tagged, and registered in a genetic database that will enable authorities to trace its origin and determine its legality

URUGUAY:  Uruguay is hailed by marijuana advocates as a leader in pot policy, but a close look at details shows President Jose Mujica’s plan is more restrictive than Colorado’s approach to legal marijuana, AP reports. Associated Press reporter Leonardo Haberkorn takes a look at the rules for marijuana sales in Uruguay. The rules go into effect Tuesday. Read the full article…

Colorado Gov. Still Isn’t High On Legalized Marijuana

While Hickenlooper voiced sympathy towards the inequities of felony records for young people with “often minor marijuana transgressions,” he looked to state lawmakers and district attorneys to mitigate these issues.

COLORADO: Colorado Governor John Hickenlooper did not support marijuana legalization before voters in his state gave it the stamp of approval at the polls in 2012. Four months into this “great social experiment” he tells us he still wouldn’t have supported it despite tax revenues coming in higher than officials thought and a burgeoning new industry. Read the full article…

Marijuana Banking: Secretive But Poised To Grow

http://mjnewsnetwork.com/legal/wa-gov-inslee-to-sign-bill-changing-medical-marijuana-rules/

WASHINGTON: Many marijuana business owners say they have bank accounts, but aren’t completely forthright with their bankers about the nature of their businesses. They claim to be in “consulting” or “medical research.”  And they know they could lose those bank accounts suddenly, at any time, since federal law prohibits banks from holding any funds associated with Read the full article…

Pot Holders

This Las Vegas bank is eager to do business with MMJ dispensary

WASHINGTON: On Valentine’s Day, the U.S. Treasury Department issued a memorandum clarifying the government’s advice to the nation’s banks about how to deal with the booming cannabis industry. It wasn’t exactly a love letter. Sure, Treasury outlined a series of guidelines for “assessing the risk of providing services to a marijuana-related business”—but was that meant Read the full article…

Uruguay Unveils Marijuana Regulation Details

The regulations allow three forms of access to marijuana. Uruguayans can purchase up to 40 grams per month – with a limit of 10 grams per week – from registered pharmacies. They can also choose to cultivate up to 6 homegrown plants, with a cap on annual production at 480 grams

URUGUAY: The Uruguayan government has unveiled long-awaited regulations for its recreational marijuana market — a move that steers the tiny nation of 3.3 million people away from the prohibitionist war on drugs, with its disastrous consequences in Latin America, and toward a drug policy based on improving public health and security. Although Uruguay’s Congress approved the measure in December — Read the full article…

Colorado Lawmakers Shy Away From Pot Bank

In addition to the daunting threat of criminal penalties, financial institutions that deal with cannabusinesses have to worry about offending federal regulators with the power to impose millions of dollars in fines or sentence a bank to death by revoking its deposit insurance.

COLORADO:  A Colorado plan to set up the world’s first financial system for marijuana survived less than 24 hours before state lawmakers changed course Thursday night and shelved the idea. The proposal would have allowed state-licensed marijuana businesses to create a financial co-op, sort of an uninsured credit union. The measure was introduced late Wednesday Read the full article…

Medical Marijuana Supporters Threaten Sit-In At Pennsylvania Capitol

The governor's office said today that Corbett and his staff have met with families on the issue, as well as Leach's co-sponsor, Sen. Mike Folmer, Lebanon.

PENNSYLVANIA: Parents who say a marijuana oil extract might save the lives of their seizure-wracked children threatened today to hold a sit-in at Gov. Tom Corbett’s offices until he meets with them in their quest to get the substance legalized. Family members and a state lawmaker who is sponsoring a state Senate bill, Sen. Daylin Leach, Montgomery, Read the full article…

COLORADO: Cranfords debuts its high THC, machine-rolled cannabis cigarettes

cranfordstin

The cigarette is an American icon, like it or not. And while Big Tobacco and anti-cigarette activists alike can (and will) take advantage of its iconic visage, they’re not the only ones utilizing its familiarity. A Colorado company debuted its all-marijuana cigarettes a few months ago, and now the Rifle, Colo.-based makers of Cranfords Cannabis Cigarettes are Read the full article…