With marijuana now legal — at least for medical purposes — in more than half the states, a small but growing number of federally insured banks have allowed pot retailers and other legitimate marijuana-related businesses to open accounts. Still, some 97% of U.S. banks won’t work with these companies over concerns about the regulatory ramifications, which is why a number of U.S. senators are asking the Treasury Department’s financial crimes division to help the marijuana industry — particularly those businesses that service the industry — move away from being purely cash operations. [More]
Sen. Elizabeth Warren, Others Call On Treasury To Make It Easier For Marijuana-Related Businesses To Bank
If you live in a state where marijuana is legal in some form, you might be looking forward to bidding 2016 goodbye and easing into 2017 with your favorite bong or a fresh batch of pot brownies. You won’t be the only one: marijuana deliveries are expected to spike on New Year’s Eve. [More]
A large number of states have legalized marijuana use for medicinal purposes, even as the federal government continues to maintain that pot is as dangerous and addictive as heroin. However, even though you can’t currently be prosecuted by the feds for properly obtaining medical marijuana in a state like Nevada, your status as a confirmed marijuana user could be used to prevent you from buying a gun. [More]
People frequently refer to “legal” medical marijuana in the dozens of states that have approved at least some medicinal use of the drug but as the Drug Enforcement Agency recently made quite clear, the federal government still considers marijuana a Schedule I controlled substance with no proven legitimate medical applications. However, yesterday a federal appeals court reminded the Department of Justice that the law currently limits the government’s ability to prosecute medical marijuana cases in states where it’s allowed. [More]
As with any new consumer industry, now that more people have access to marijuana, there are businesses who want to offer them tools and gadgets to go along with their legal medical or recreational pot. And because consumers love things in pods, there’s a weed vaporizer that’s being called the Keurig machine for marijuana in development right now. [More]
Relieving pain isn’t a simple issue of taking a pill and feeling better. It’s a complicated cornucopia of treatments ranging from over-the-counter remedies to holistic healing to prescription medications, with some $300 billion a year spent each year on painkillers in the U.S. alone.
Four states and Washington, D.C., have already legalized recreational marijuana use, while medical marijuana use is currently legal (or about to become legal) in around 20 states — not to mention the many states that have decriminalized the drug. At the same time, tobacco use continues to decline and the few remaining cigarette giants can only merge with each other so many times. So is Big Tobacco destined to become Big Marijuana? [More]
Californians who were hoping to summon medical marijuana to their homes with the tap of a smartphone app will have to find anther way to get their pot, after an appeals court upheld an injunction against a weed delivery app called NestDrop. [More]
What a difference a few years makes: although marijuana is illegal under federal law, the recreational and legal cannabis industry raked in billions of dollars last year, and it’s only expected to keep on growing (pun totally intended). [More]
There are all kinds of foods that can be kosher, so why not marijuana? A pot grower in New York says its products have been certified kosher by the Orthodox Union, and will be ready to go when the state’s medical pot program starts up in January. [More]
Although it’s legal under state law to use marijuana, the Colorado Supreme Court ruled today that employers can fire workers who smoke/ingest/otherwise partake in pot when they’re off the clock.
Call it whatever you want, but SideCar probably won’t be calling its new medical marijuana delivery service in California the “Uber” of pot delivery. In a bid to compete against its rivals in the ride-sharing business as well as take advantage of state marijuana laws, SideCar is launching its service in San Francisco to bring medicinal weed from dispensaries to patients.
A group in Ohio wants the state to join Colorado, Washington, Oregon and Alaska in the legal recreational marijuana club, with a new petition to amend the state’s constitution.
Soon it might not just be humans holding medical marijuana patient cards (or something like it): Legislators in Nevada have introduced a bill that would allow pet owners to treat their sick animals with medical pot.
A Senate bill expected to be introduced today would have the federal government ease up on the states that already have legalized medical marijuana, effectively keeping patients, doctors, dispensaries and growers from federal prosecution, and would also remove marijuana from the list of most dangerous drugs, according to reports.
There are many arguments for and against using marijuana legally in this country, whether for medical use or for fun, but one drug enforcement official’s reason for his stance against legalizing it in Utah is surely one nobody’s about to forget: He says wild bunnies will get high off the stuff.
L.A. Medical Marijuana Dispensary Removes Pot-Smoking Santa Painting From The Window After Complaints
If the legal marijuana industry learns anything from Big Tobacco’s experience in this country, it’s that mixing kids and smoking is just not going to fly, as the industry found out with the banishment of Joe Camel and his ilk. So even if medical marijuana is legal in California, it’s not legal for anyone under 18. You know, or anyone who might believe in Santa Claus.