‘Respect State Marijuana Laws Act’ Introduced In Congress

"United States Congressman Dana Rohrabacher (R-CA), along with a bipartisan coalition of three Republicans (Reps. Rohrabacher, Rep. Justin Amash [R-MI], and Don Young [R-AK]) and three Democrats (Reps. Earl Blumenauer [D-OR], Steve Cohen [D-TN] and Jared Polis [D-CO]) today introduced House Bill 1523: the Respect State Marijuana Laws Act. The measure would amend the federal Controlled Substances Act to exempt from federal prosecution individuals and businesses, including marijuana dispensaries and/or retail outlets, who comply with state marijuana laws." Continue reading

Continue Reading‘Respect State Marijuana Laws Act’ Introduced In Congress

Massachusetts Supreme Court Clears Drivers In Marijuana Search

"In a series of three rulings issued Friday, the Massachusetts Supreme Judicial Court cracked down on police who have been using evidence of marijuana possession as a pretext to search automobiles. In 2008, 62 percent of state voters approved an initiative that decriminalized possession of up to one ounce of marijuana. To justify the search, prosecutors argued that by passing around a joint, Pacheco was guilty of 'distribution' of marijuana, which is punishable by two years in jail. The state argued the trooper's search was valid because he was investigating the crime of distribution. The high court did not agree." Continue reading

Continue ReadingMassachusetts Supreme Court Clears Drivers In Marijuana Search

As marijuana goes legit, investors rush in

What's striking is how conventional many of the business people's backgrounds — and their plans — increasingly are. Instead of backing marijuana dispensaries, investors such as Privateer and San Francisco-based ArcView Group are rushing to find consulting firms, software companies and insurance agencies to serve the new market. Even Privateer's strategy of merging small companies to form a big one is familiar: In traditional buyout shops, it's called a 'roll-up.' Just don't say that word to Kennedy, unless you want him to blush. Scratch the term 'growing the business' — he catches that one in midsentence, correcting his wording to 'expand.'" Continue reading

Continue ReadingAs marijuana goes legit, investors rush in

Massachusetts Attorney General: Pot shops allowed statewide

"Massachusetts Attorney General Martha Coakley ruled Wednesday that medical marijuana dispensaries must be allowed statewide and individual municipalities cannot legally block them. The ruling (PDF) was issued by Coakley’s Municipal Law Unit in response to a 2012 bylaw passed by officials in Wakefield, Massachusetts. Two other nearby towns also passed a similar ordinance. It says that the legalization of medical marijuana, enshrined in state law, 'cannot be served if a municipality were to prohibit treatment centers within its borders, for if one municipality were allowed to do so, all could do so, making reasonable access impossible.'" Continue reading

Continue ReadingMassachusetts Attorney General: Pot shops allowed statewide

The Rocky Mountain Road to Legal Marijuana Commerce

"The clock is ticking in Colorado. The voters have already voted to legalize marijuana. Either the legislature passes regulations to implement it -- and quite possibly puts anticipated taxes on the ballot, as required by state law for any new taxes -- and Colorado has legal, taxed and regulated marijuana commerce, or it simply has legal marijuana possession with no taxes and no regulations. The threat of the latter should be enough to ensure the success of the former." Continue reading

Continue ReadingThe Rocky Mountain Road to Legal Marijuana Commerce

Cyprus vs Bankocracy: ‘Mattress better place to keep cash than banks’

"Thousands of Cypriots are celebrating, after the country's Parliament gave a resounding no vote to the EU-IMF bailout package. The move could have seen the government take up to 10% of people's savings, from private bank accounts - as a precondition to securing the much needed 10 billion euro loan. Now that it's been rejected, the ailing Eurozone member will have to work out another plan to avoid bankruptcy." Continue reading

Continue ReadingCyprus vs Bankocracy: ‘Mattress better place to keep cash than banks’

Scotland will vote on referendum for independence in 2014

"Scotland’s First Minister Alex Salmond said on Thursday that Scots will vote in a referendum on whether the country should become independent on September 18, 2014. Announcing the long-awaited date for the ballot, Salmond said it would be the 'historic day when the people will decide Scotland’s future'." Continue reading

Continue ReadingScotland will vote on referendum for independence in 2014

Swiss to Vote on Initiative to Return Gold Stored in the US to Switzerland

"Enough signatures have been collected for an initiative to force a vote to ensure that the Swiss National Bank: 1. Stops selling gold reserves. 2. Keeps 20% of its assets in gold (currently 10%). 3. Repatriates gold held abroad (including in the US). The Swiss People’s Party (UDC/SVP), the Christian Democrats (PDC), and the Liberal-Radical Party (PLR) are in the process of writing an initiative to anchor bank secrecy in the Constitution, with some exceptions for criminal investigations." Continue reading

Continue ReadingSwiss to Vote on Initiative to Return Gold Stored in the US to Switzerland

Washington cops working to ‘desensitize’ drug dogs to marijuana smell

"Police in Washington state are working to retrain their drug-sniffing dogs so that they’re less likely to alert when they smell marijuana. The retraining is part of the state’s law enforcement reforms following November’s voter-backed legalization measure, which will ultimately require police to notify judges as to whether a drug dog used to obtain probable cause for a search has been trained to comply with state law. While most departments are going along with the change, including the Washington State Patrol, the Tacoma Police Department is refusing to comply." Continue reading

Continue ReadingWashington cops working to ‘desensitize’ drug dogs to marijuana smell

Packed Seattle hearing on new pot law

"They came in suits and cowboy hats, with cropped gray hair and long ponytails, and they filled one room at Seattle City Hall and spilled into another, about 400 strong. They were there to express views about the state’s new legal-marijuana law enacted last fall by Initiative 502. Growers, breeders, sellers and advocates came out to push a variety of platforms. Washington’s new law, which allows those 21 and older to possess up to an ounce of pot, must be implemented by December. In theory, adults will then be able to walk into stores around the state and buy locally grown pot that is licensed, taxed and regulated by the state." Continue reading

Continue ReadingPacked Seattle hearing on new pot law