Earlier, he held management positions in finance and real estate. He also served in the U.S. Marine Corps for six years in several operational capacities, including participation in Desert Shield, Desert Storm and Somalia rescue efforts. About Medbox, Inc. Medbox, Inc., a leader in the rapidly emerging cannabis sector, provides specialized services to operators of dispensaries, cultivation centers, manufacturers and research facilities in those states where approved. Through trusted clients and affiliates, the company promotes efficient, consistent, high quality products that are priced right, readily available and safely packaged. For more information about the company or to explore partnership, please visit www.medbox.com . Forward-Looking Statements Certain statements in this press release constitute forward-looking statements within the meaning of federal securities laws. Such statements, including, but not limited to, pursuing growth opportunities, are based on current beliefs and expectations and are inherently subject to significant business, economic, regulatory and competitive uncertainties and contingencies, many of which are beyond the company’s control. In addition, certain forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change.
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Frohlich, 24/7 Wall St. 9:11 a.m. EST January 4, 2016 These are the least likely states to legalize marijuana according to a 24/7 Wall Street study. A woman shops at Oregon’s Finest, a marijuana dispensary in Portland, Oregon. (Photo: AFP/Getty Images) 23099 CONNECT TWEET 31 LINKEDIN 169 COMMENTEMAILMORE Illegal in the United States for nearly 80 years, marijuana accounted for 8.2 million arrests nationwide between 2001 and 2010. Despite the decades old federal ban, the country’s attitude toward marijuana has been changing. While only 12% of Americans supported legalizing pot in 1969, 58% of Americans supported an end to marijuana prohibition in 2013. Starting with California in 1996, medicinal marijuana use is now legal in 23 states. Of the states with laws protecting medicinal users, four have legalized recreational pot use as well.
District Judge R. Brooke Jackson dismissed the lawsuit Tuesday because federal law prohibits the drug. He said the U.S. Department of Justice has pointed out that Congress still deems marijuana dangerous, and that financial institutions that deal with money generated by the pot industry could be breaking the law. Jackson concluded that the marijuana banking situation is untenable, and he hopes it will soon be resolved by Congress. The credit union claimed that although marijuana remains illegal under federal law, the Federal Reserve as a quasi-government institution lacks the authority to keep marijuana banks out of the nation’s financial system. Mark Mason, an attorney for the credit union, argued in December that a pot bank would serve the government’s interest in keeping better tabs on the drug money. “They intend to take this money out of shadows and off of the street so that they can track it and trace it,” he argued. Aaron Smith, executive director of the National Cannabis Industry Association, said Tuesday that Jackson’s ruling sends the message that Congress must act.
But industry members in Illinois and beyond say the state is unusual in the degree to which former law enforcement officers are not just working security but taking hands-on roles with patients and leading businesses even with the uncertain future of a four-year pilot program that expires in 2017 and has received lukewarm support from first-term Gov. Bruce Rauner. Many have had a late-stage transformation, coming to see the drug less as a societal harm and more as good public policy and good business. There’s likely no better example than Terrance Gainer, a former Chicago homicide detective, Illinois State Police director, assistant police chief in Washington, D.C., U.S. Capitol police chief and U.S. Senate sergeant-at-arms. After some initial reluctance, the 68-year-old said he was swayed in part by “the sea change in society and our attitudes” toward the drug and the possibility of big business. He advises Chicago-based Green Thumb Industries on its security needs, has worked with prospective marijuana-business owners in Florida and New York and testified in support of the industry before Maryland lawmakers. “The business people involved in this are very serious about their investments,” he said.
At Washington, a third failed test used to be a one-year suspension but is now just 30 days. “The change was intended to make the policy more rehabilitative,” Washington spokesman Carter Henderson said. Northwestern, Penn State, Pittsburgh, Southern California, Syracuse, Vanderbilt and Wake Forest did not provide copies of their drug policies despite repeated requests, citing privacy laws. Stanford does not test its athletes. Illinois has a separate pot policy that has become more strict but isn’t as punitive as its policy for drugs like cocaine or heroin. The Big Ten and Big 12 are the only Power Five conferences that do their own testing in addition to the testing done by the schools and NCAA. Those two conferences punish athletes who test positive for performance-enhancing drugs. The Big 12 is the only conference that screens for recreational drugs, but it does not sanction athletes who test positive. Instead, the Big 12 notifies the school of a positive test and leaves any discipline to the school. Alcohol remains by far the most abused substance on college campuses, with marijuana ranking second.