Bitcoin Black Market Competition Heats Up, With Pro Marketing And Millions At Stake

"Watch the cheery video ad for the latest dark-web drug marketplace today, and you’d be forgiven for thinking it was selling a service as mainstream as online dating or car insurance. Atlantis, which launched in March, is poised to take on the Silk Road, which remains by far the biggest drug sales site, with close to 60,000 unique visitors a day by one researcher’s rough measure and $22 million annual sales according to a study last year. Both run on the anonymity service Tor to hide the location of their servers and the identities of any visitors to their sites, and both accept Bitcoin to avoid having their transactions tracked through bank records." Continue reading

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Marijuana Stocks: How to Legally Invest in the Ultimate Cash Crop

"In short, we just don't know enough about these businesses yet to make a low-risk investment. Does this mean you shouldn't look into Medbox or Cannabis Science? Not necessarily. But investors would need to treat the position as money taken to the casino -- speculative and expendable. As time goes on, and politicians continue to be influenced by the more than 70 percent of our nation's population who believe pot should be legal for medical purposes, the marijuana industry will be seen more and more as a "legitimate" business. For opportunistic investors, there will be some incredible investing opportunities. For now, though, just chill, dude." Continue reading

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National Lawyers Guild Report Supports Further Marijuana Legalization Initiatives

"As the nation waits for a response from the White House, the NLG joins other organizations and individuals in calling for the end to marijuana prohibition. 'Marijuana legalization will create new jobs, generate millions of dollars in tax revenue, and allow law enforcement to focus on serious crimes,' said Brian Vicente, NLG member and one of the primary authors of Colorado’s legalization amendment. 'It would be a travesty if the Obama administration used its power to impose marijuana prohibition upon a state whose people have declared, through the democratic process, that they want it to end.'" Continue reading

Continue ReadingNational Lawyers Guild Report Supports Further Marijuana Legalization Initiatives

U.S. Conference of Mayors asks Obama for flexibility on marijuana

"The United States Conference of Mayors unanimously passed a historic, bipartisan resolution calling on the Obama administration to stop interfering with state and local efforts to deal with the problems caused by marijuana prohibition. 'This resolution will amplify the voices of local officials and voters who are sick and tired of President Obama’s administration doing the exact opposite of what candidate Obama said he was going to do, which was respect state marijuana laws,' a spokesperson for drug reform advocacy group Marijuana Majority said. The resolution, co-sponsored by mayors from 18 cities, lays out a long list of grievances against marijuana prohibition." Continue reading

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Feds, Anaheim Try to Seize $1.5M Building . . . With No Charges Against the Owner

"Anaheim small business owner Tony Jalali faces the loss of his office building, which is worth $1.5 million, even though he has committed no crime. The city of Anaheim is colluding with federal prosecutors to do an end-run around state laws to take away Jalali’s building because he rented space to medical marijuana dispensaries, even though they operated legally under California law. Jalali is fighting back. Represented by the Institute for Justice, he is challenging the constitutionality of the taking of his land to put an end to the civil forfeiture in the U.S. District Court for the Central District of California in Santa Ana, Calif." Continue reading

Continue ReadingFeds, Anaheim Try to Seize $1.5M Building . . . With No Charges Against the Owner

How did America’s police become a military force on the streets?

"How did we evolve from a country whose founding statesmen were adamant about the dangers of armed, standing government forces to a country where it has become acceptable for armed government agents dressed in battle garb to storm private homes in the middle of the night—not to apprehend violent fugitives or thwart terrorist attacks, but to enforce laws against nonviolent, consensual activities? How did a country pushed into a revolution by protest and political speech become one where protests are met with flash grenades, pepper spray and platoons of riot teams dressed like RoboCops?" Continue reading

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Ghana arrests 124 Chinese citizens for illegal Gold mining

"Local police arrested the suspected illegal miners in the country's capital, Accra. Many of them are likely to face deportation. Ghana, the continent's second-largest gold producer, has forbidden foreigners from working in its small-scale mines since the 1980s. Locals have criticised Chinese miners for taking local jobs, polluting lakes and rivers, and wielding weapons such as AK-47 rifles to ward off robbers. More than 50,000 Chinese gold miners have been to Ghana since 2005. Two-thirds of them come from Shanglin, an impoverished county in southern Guangxi province where news of the gold rush spread by word of mouth." Continue reading

Continue ReadingGhana arrests 124 Chinese citizens for illegal Gold mining

A life sentence … for pot?

"The top federal prosecutor in Montana — Mike Cotter, the U.S. attorney appointed by President Obama in 2009 — is breaking his silence and speaking publicly, for the first time, about his two-year crusade to shutter the medical marijuana industry and put its practitioners behind bars, in many cases for life sentences. And he is mincing no words. He says that pot has no medical value at all, for anyone, and that if you think otherwise, you are a sucker who has been duped 'by slick Madison Avenue marketing' employed by pot dealers. He says pot is a dangerous drug and growing it is a federal crime that must be punished." Continue reading

Continue ReadingA life sentence … for pot?

Bitcoins Seized By DEA

"The Drug Enforcement Administration posted an Official Notification that Bitcoin (i.e. property) belonging to Eric Daniel Hughes was seized for forfeiture pursuant to 21 U.S.C. § 881, because the property was used or acquired as a result of a violation of the Controlled Substances Act (21 U.S.C. §§ 801 et seq.) The DEA appears to have been the first agency to seize actual Bitcoins from an individual with this seizure. Exactly how the Bitcoin was seized is not known as of this writing. However, reading the top of the notice it appears that Mr. Hughes can request release of the seized property during the pendency of the forfeiture proceeding due to hardship." Continue reading

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Nashville restaurant raided by swarms of armed officers to randomly check alcohol permits

"An 'army' of armed officers raided a family-owned restaurant late one night to check alcohol permits. Although 'The Family Wash' had done nothing wrong and broken no laws, the agents still raided their establishment, shut down the band that was playing, scared away all the customers, and harassed the owner. They chose to do this raid on a busy Friday night, when people were eating, drinking, and listening to music. The joint task-force of permit-checkers from multiple different jurisdictions and agencies collectively was out performing random raids on restaurants." Continue reading

Continue ReadingNashville restaurant raided by swarms of armed officers to randomly check alcohol permits