Excess cash on our streets can also lead to an increase in black market or cartel activity as well as tax evasion and skimming. Many states with marijuana or cannabis oil sales have strong regulatory structures to help protect abuses in the system and reduce black market activity, but it doesn’t change the fact that legitimate marijuana businesses in these states do not have access to the banking system. Since 2013, we have put forth legislation, the Marijuana Stocks SAFE Banking Act, to allow tightly regulated marijuana businesses the ability to access the banking system. Today, financial institutions who provide banking services to legitimate marijuana businesses are potentially subject to criminal prosecution for “aiding and abetting” a federal crime and money laundering under the Controlled Substances Act. Our legislation removes that risk and uncertainty by providing criminal and civil “safe harbor” protections for depository institutions which provide services to a legitimate marijuana business. In states where Americans have voted to legalize some form of marijuana – whether it be medical or recreational – this legislation simply reduces the public safety risk in those communities by getting cash off the streets and reducing the threat of cartels. Voters in the majority of states have spoken and voted to allow some form of marijuana in their state. Today, 29 states and several U.S. territories have legalized marijuana for medical purposes. Among those, eight states and the District of Columbia allow the use of recreational marijuana. Sixteen other states have passed laws allowing for legal cannabidiol (CBD).
To read more visit http://thehill.com/blogs/congress-blog/politics/372681-open-the-banking-system-to-the-marijuana-industry
He said he’s asked to meet with Allman to discuss it. “Here in Mendocino, marijuana has been such a dominant topic and a lot of people including me wish it could be normalized and be part of the economy, like the wine industry,” Hamburg said. “And this (case) takes us further from that rather than closer to it.” Old Kai’s business license, stamped with a county seal, did not stop law enforcement from taking the truck with its marijuana load during the Dec. 22 traffic stop, nine days before Jan. 1 when hundreds of companies, including Old Kai, received temporary California cannabis business licenses. State licenses offer an entirely new certificate of legitimacy previously unavailable for businesses in California, which in 1996 became the first state in the nation to legalize marijuana’s use for medicinal reasons. Only now, more than two decades later, has the state begun to formulate regulations for all aspects of the industry, from seed to sale. But traffic stop last month on the Old Kai truck came at a time of transition, when many cities and counties across the state were issuing local permits and licenses for medical marijuana businesses in advance of the state, including Santa Rosa which issued its first cannabis permit — for businesses other than dispensaries — in 2016. Mendocino County began giving cultivators permits mid-2017 and began issuing permits and licenses for other types of businesses, such as distributors, after the Board of Supervisors passed its cannabis business ordinance in November.
To read more visit http://www.pressdemocrat.com/news/7849842-181/troubles-deepen-for-co-founder-of
Mnuchin told lawmakers that the Treasury is looking at ways to deal with the issue. In 2014, President Obama’s administration issued guidance that enables banks to let marijuana growers, processors and retailers open up bank accounts without getting in trouble with federal regulators. But with U.S. Attorney General Jeff Sessions walking back a broader enforcement policy in states where pot is legal, there are heightened concerns that the Trump administration could also eliminate the banking guidance. Last week, Forbes noted that a Treasury official communicated in a letter to lawmakers that it is in discussions with law enforcement about whether to keep the previous administration’s guidance or change it. During the Tuesday (Feb. 6) hearing, Mnuchin confirmed the Treasury is reviewing the existing guidance, but said he doesn’t want to get rid of it if there isn’t an alternative policy to address public safety concerns. Citing the memo sent to U.S. attorneys on Thursday (Jan.
To read more visit https://www.pymnts.com/bank-regulation/2018/treasury-secretary-pot-companies-cannabis-banking-marijuana-business/
Seventy percent of participating voters voted in favor of the law and now, two years later, things are moving forward. Ahead of the suspected recreation this coming summer, the Board of Aldermen is discussing potential zoning changes for retail. At a special meeting of the Land Use Committee on Tuesday night, Director of Planning George Proakis proposed an amendment to place a “study time period” on the implications of recreational marijuana, similar to the process of adopting legalized medical marijuana. “It was Green Rush a very different strategy than a lot of other communities,” Proakis said at the public hearing. “I was very happy with the way the process turned out the conversation and the opportunity to kind of figure out why and how and under what circumstances we wanted to do this.” The administration said they hope to hold similar conversations in regards to incorporating recreational marijuana, and for that reason, Proakis suggested extending the conversation until December 2018, which the Planning Board approved and recommended to the board. It’s clear Somerville wants to move forward with this idea, Proakis continued, and the challenge is to figure out the best way to move the process along. The Office of Strategic Planning and Community Development (OSPCD) would then return to the board with suggestions. At the moment, said Ward 6 Alderman and Chair of the Land Use Committee Lance Davis, there is no proposed zoning change specific to recreational cannabis, but they will look at what ordinances and regulations might be needed. Proakis said the department will continue taking public comment before drafting a potential amendment.
To read more visit http://somerville.wickedlocal.com/news/20180202/somerville-officials-to-consider-zoning-for-recreational-marijuana
A group of six Democratic state senators filed legislation this week that would move toward legalizing marijuana in Georgia for medicinal and recreational use. A resolution was filed to amend Georgia’s constitution to allow for the legalization of marijuana. The resolution accompanies two bills. Sen. Curt Thompson of Tucker, who is the lead sponsor, said the biggest concern is weed usage will lead to people using harder drugs. “I Green Rush think on the medical side, you find more bipartisan support,” he said. “I think the biggest argument you hear, honestly, is the gateway drug argument and I understand. A lot of that is just going to take education and time.” The legislation would require a change in the state constitution, and that would require voter approval. Thompson said he thinks there’s a better chance to legalize pot now than in years past, because nine other states and Washington, D.C., have already done so. He said just decriminalizing weed and not legalizing it keeps the state from reaping the full benefits.
To read more visit https://www.wabe.org/georgia-senators-renew-push-legalize-marijuana/
Now, pot proprietors report myriad, different issues with the Medical marijuana newly launched seed-to-sale system. Some have struggled to get logged in at all. Some growers say the system has been scrambling shipping orders, and sometimes automatically changing which store is supposed to receive the marijuana. Some store managers, meanwhile, say they have not been able to receive shipping manifests, and don’t feel comfortable buying wholesale pot without that required documentation. Some reported that the disruption halted business altogether since the first of the month; others reported that it slowed business down or made simple tasks cumbersome. “By and large, we just can’t get product right now. We’re basically selling off our back stock,” said Jason McKee, the General Manager of Ganja Goddess, a pot shop in Seattle’s SoDo neighborhood. He said shelves are beginning to look more sparse, and if the technology issues don’t allow a fully-functioning wholesale market soon, some stores could face shortages. Alex Cooley, the vice president of Solstice, a marijuana grow, said his company was having to re-label each plant with a new barcode because of technical issues. Officials with the state and MJ Freeway said that widespread bugs in the system have been fixed. “There was a legitimate issue with transfers in the system,” said Jeannette Horton, the vice president of Global Marketing & Communications for MJ Freeway. “That got resolved Monday.” She said other problems stem from integration issues with third-party companies whose software connects with the Leaf Data System and is used by marijuana companies for internal tracking and bookkeeping. She said it was a priority to get that third-party software integrated.
To read more visit https://www.seattletimes.com/seattle-news/marijuana/with-tracking-system-hobbling-marijuana-industry-scrambles-to-keep-pot-on-shelves/
3) It’s not clear Trump and Sessions’s new war on pot will do anything The one wrinkle in January’s big news for marijuana legalization was Trump’s Justice Department. Earlier this month, Sessions announced that he was rescinding an Obama-era memo that effectively told states that they can move forward with marijuana legalization without the threat of federal interference. This guidance was big: Since federal law still prohibits marijuana for any use, the threat of federal interference is a potential threat to legalization. The Obama administration, though, said that the federal government would not interfere as long as states met certain criteria (such as not letting legal pot fall into kids’ hands), and federal enforcement of those criteria was fairly loose. Sessions took back the Obama-era memo. In doing this, he did not order federal prosecutors to crack down on legal marijuana. Instead, he told them that they could use their own judgment based on “previously established prosecutorial principles” — allowing them to crack down on legal pot, but not requiring it. The intention here was clear. Sessions has long been an opponent of legalization, previously claiming that “good people don’t smoke marijuana” and arguing that the federal government should use its law enforcement apparatus to shut down legal pot operations. “We need grown-ups in charge in Washington to say marijuana is not the kind of thing that ought to be legalized, it ought not to be minimized, that it’s, in fact, a very real danger,” he said as a senator in 2016.
To read more visit https://www.vox.com/policy-and-politics/2018/1/31/16924726/marijuana-legalization-california-vermont-january-2018
Instead, it should be with physicians.” Regular Virginians suffering from a variety of conditions — including cancer, Crohn’s disease and PTSD — have lobbied passionately for this reform. Read about Staunton’s Nikki Narduzzi: Pain over politics: How this Staunton Republican became an advocate for medical marijuana “Honestly, until this week, I’ve always thought of it helping my patients that have breast cancer, especially the young ones that have children and have so many things to get done, but feel so terrible as they go through chemotherapy,” said Sen. Dunnavant, a doctor. “After this week, I won’t be able to forget Tamra Netzel, the patient and my constituent with multiple sclerosis that testified on behalf of this bill in committee. My niece also has MS and having the opportunity to help others in similar situations means a lot to me.” Del. Ben Cline, R-Rockbridge County, shares conversation with others attending the event. The Greater Augusta Regional Chamber of Commerce hosted an event allowing people to mingle and dine with elected officials, called Pig Picking & Politickin, at Augusta Expo on Monday, August 22, 2017. The chief patron of the House bill is Delegate Benjamin L. Cline. Staunton’s Nikki Narduzzi, patient coalition director at Cannabis Commonwealth and an advocate for medical marijuana legalization in Virginia, approached Cline about the bill.
To read more visit http://www.newsleader.com/story/news/2018/02/05/medical-marijuana-bill-passes-virginia-senate-40-0-legal-let-doctors-decide/308363002/
officials question whether cannabis legalization will lead to border slowdowns Canadian view is that there’s no reason for traffic snags — because it’s still illegal to transport pot The issue of border lineups has come up in phone calls between high-level officialsand again in passing this week during a first face-to-face encounter between Public Safety Minister Ralph Goodale and his U.S. counterpart, Homeland Security Secretary Kirstjen Nielsen. Don Emmert/AFP/Getty Images Canadian cannabis producers set their sights on global domination American officials have been quietly raising questions about whether Canada’s marijuana legalization might slow traffic at the border, and are being told by their northern neighbours there’s no reason that should happen. The issue has come up in phone calls between high-level officials and again in passing this week during a first face-to-face encounter between Public Safety Minister Ralph Goodale and his U.S. counterpart, Homeland Security Secretary Kirstjen Nielsen. “The only thing they say is, ‘Will this cause lineups?'” Goodale said in an interview. “And our answer is: Not unless you change your procedures. And there’s no reason for you to change your procedures. Because the law with respect to the border hasn’t changed one iota.” Canadian pot companies are worth billions — but is it a bubble ready to burst? He said it came up briefly at the tail end of the meeting with Nielsen and in past phone conversations. Federal officials say there has been no attempt to pressure Canada — that the U.S.
To read more visit http://www.cbc.ca/news/business/cannabis-1.4523427
Breaking Down The Regulatory Differences Among West Coast Cannabis Markets The next efforts to bring recreational cannabis sales to Klamath Falls city limits have begun. The Klamath Falls city recorder’s office released notice of a ballot title on Jan. 25, which addresses a measure that asks voters to allow recreational marijuana production and sales in the city, in addition to imposing a 3 percent tax on all marijuana sales. If approved, the measure would overturn a Sept. 21, 2015, ban on recreational marijuana producers, processors, wholesalers and retailers within city limits. The measure would not apply to other outlying areas of Klamath County, which fall under a separate moratorium on recreational pot. Ed Medina Jr., owner-operator of A Better Way Medicinal Alternatives in Klamath Falls, is the chief marijuana petitioner of the initiative. Marianne Yong, owner of Wholly Hemp Farm in Klamath Falls, also joined Medina as a petitioner for recreational cannabis sales. A prospective petition with the city was officially received on Jan. 18. Read the full story at the Herald and News .
To read more visit https://www.opb.org/news/article/klamath-falls-recreation-cannabis-ban-petition-2018/