cannabis

Jeff Sessions Faces Tough Cannabis Questions—From His Own Interns

"Sessions noted that more fatal accidents are now caused by drugs than by alcohol, and he said the American Medical Association 'is crystal clear' that 'marijuana is not a healthy substance.' But when the intern challenged that assertion, Sessions seemed dismissive, addressing the intern as 'Dr. Whatever Your Name Is.' 'I don’t think America’s going to be a better place if marijuana’s sold in every corner grocery store,' Sessions said."

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New ‘Vice’ ETF Mixes Alcohol, Tobacco, Cannabis Stocks

"AdvisorShares is rolling out the first U.S.-listed ETF to offer exposure to securities involved in the legal marijuana industry, including hemp- and cannabinoid-related companies. The actively managed AdvisorShares Vice ETF (ACT) also invests in stocks involve in the tobacco and alcohol industries."

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Cheers! California Winery Unveils Marijuana-Infused Wine

"The company doesn't plan to stop at just marijuana-infused Sauvignon Blanc. The owners are working on creating a pot-infused Rosé and champagne. Any wine and marijuana lovers older than 21 can pre-order a bottle of this Sauvignon Blanc for $59.99. Orders are expected to be sent out in early 2018. The company said the wine will be distributed through 500 marijuana dispensaries across the country."

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With Gun and Medical Marijuana Registries, Hawaii Starts Disarming Patients

"Hawaii is one of 29 states that allow medical use of marijuana, but it is the only state that requires registration of all firearms. If you are familiar with the criteria that bar people from owning guns under federal law, you can probably surmise what the conjunction of these two facts means for patients who use cannabis as a medicine, which Hawaii allows them to do only if they register with the state. Some of them recently received a letter from Honolulu Police Chief Susan Ballard, instructing them to turn in their guns."

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Atlanta Decriminalizes Marijuana; Takes Step Toward Nullifying Federal Prohibition in Effect

ATLANTA, Ga. (Nov. 16, 2017) – Last month, the Atlanta City Council unanimously voted to decriminalize small amounts of marijuana within the city limits, a step toward effectively nullifying prohibition in practice. Councilman Kwanza Hall sponsored the ordinance. The legislation reduces the penalty for possession of one ounce or less of marijuana to a $75 fine. Instead…

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Maine Gov. LePage Supports Status Quo; Vetoes Bill to Facilitate Marijuana Sales

AUGUSTA, Maine (Nov. 14, 2017) – Maine Gov. Paul LePage vetoed a bill that would have created a structure to license the commercial cultivation of sale and marijuana in the state, leaving the state’s voter-approved marijuana legalization efforts in limbo. Maine voters legalized marijuana in the state through a referendum in November 2016. The legislature…

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Two NYPD Cops Charged with Raping Teen After Busting Her for Marijuana

"They didn't find any drugs on her, but handcuffed the teen anyway before coercing her into sex, her attorney, Michael David, told the New York Post. The detectives, from NYPD's Brooklyn South narcotics squad, have not denied that they engaged in sex acts with the alleged victim, but claimed they were consensual."

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High taxes on legal pot in California could mean black market will thrive

"State and local taxes on marijuana could surpass 45% in some parts of California, jeopardizing efforts to bring all growers and sellers into a state-licensed market in January, according to the global credit ratings firm Fitch Ratings. The report said that increased enforcement may blunt the illegal market, 'but high taxes may complicate such efforts by diverting in-state sales to the black market.'"

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