Judge: Pot Credit Union Can’t Access Nation’s Banking System – Yahoo News

Associated Press 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.

To read more visit http://news.yahoo.com/judge-pot-credit-union-cant-030129087.html

Pot Producer Not Picked For Minn. Program Sues State Over Data « Cbs Minnesota

22, as the agency has said will happen. The lawsuit, filed in Ramsey County District Court, also seeks unspecified damages and attorney fees. When the Health Department sought manufacturers following passage of a 2014 medical marijuana law, the agency asked for extensive information from companies bidding for state certification. They were required to provide details about cultivation, extraction methods, pricing, building blueprints and security plans, ownership structure and compensation agreements with executives and investors. The lawsuit contends that disclosure of application details even after promised redactions are made could negatively impact the reputation of investors and provide an unjust informational windfall to competitors that wish to tarnish such principals/investors market and thought leadership. Bill Pentelovitch, an attorney for BHC, had no comment Monday beyond the court filings. The Department of Health didnt provide immediate comment. In planning for the information release, the Health Department has relied on an advisory opinion provided in April by the Department of Administration, which is also a defendant in the case. The nonbinding opinion determined that applications submitted by manufacturers were presumptively public once any manufacturers were registered with the state. Trade secret and security information were deemed the sole exceptions. Only two of the 12 applicants were ultimately chosen to cultivate marijuana and convert it into the pill, oil or vapor forms allowed for sale to patients with qualifying conditions. Producers arent allowed to sell it in leaf form for smoking.

To read more visit http://minnesota.cbslocal.com/2016/01/04/pot-producer-not-picked-for-minn-program-sues-state-over-data/

Ga. Rep. Allen Peake From Macon Files Medical Cannabis Grow Bill | The Telegraph

Rep. Allen Peake from Macon files medical cannabis grow bill State Rep. Allen Peake, R-Macon, filed a bill at the state Capitol in Atlanta on Wednesday that, if approved, would allow medical cannabis cultivation by a handful of growers in Georgia. MAGGIE LEE mlee@macon.com i Order Reprint of this Story ATLANTA — State Rep. Allen Peake, R-Macon, who has led a push for medical marijuana in Georgia, is starting the year with a plan to plant cannabis seeds in Georgia. Peake wants the state to issue up to six licenses for medical cannabis cultivators in Georgia. Wednesday morning, he filed House Bill 722, a 24-page bill that includes the proposal. It’s modeled on Minnesota’s medical marijuana law. In Minnesota, greenhouses have tighter security than casinos, Peake said.

To read more visit http://www.macon.com/news/local/politics-government/article53291655.html

Cannagrow Holdings Announces Dr. John P. Janovec’s Approval For A Key Employee License By The Marijuana Enforcement Division Of The State Of Colorado – Yahoo Finance

The completion of this Project will provide CannaGrow the basis to begin generating revenues from the licensed Growers sub-leasing the Turn-key Growing Facilities being built to the specifications of Dr. John Janovec, COO, and CannaGrow horticultural consultant, Mr. Jason Wells. CannaGrow has already received numerous inquiries from perspective tenants and is also exploring additional business ventures within this industry that could further enhance shareholder value.” Please review the Company Time Line Progress video at the following link: The site plan, grading plan, and phasing plan that was submitted by NuGro Industries, the landowner and developer, can be viewed on our website at: http://cannagrowholdings.com . About CannaGrow Holdings, Inc.: CannaGrow Holdings, Inc. has entered the Medical/Recreational Cannabis Industry as a Lessor, Liaison, and Consultant to licensed Growers providing them with turnkey Growing Facilities in the State of Colorado. The Company intends to expand this business model within this industry as business opportunities evolve whereby providing for the highest return to its shareholders. CannaGrow Holdings, Inc. is currently working with a website designer to update its website to better reflect the business model the Company is engaged in within the Cannabis Industry. CannaGrow Holdings, Inc. does not and will not, until such time as Federal law allows, grow, harvest, distribute or sell marijuana or any substance that violate the laws of the United States of America.

To read more visit http://finance.yahoo.com/news/cannagrow-holdings-announces-dr-john-113000955.html

Ex-law Enforcers Transition From War On Drugs To Medical Marijuana’s Big-business Prospects – News – Journal Star – Peoria, Il

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.

To read more visit http://www.pjstar.com/news/20151227/ex-law-enforcers-transition-from-war-on-drugs-to-medical-marijuanas-big-business-prospects

Pot Penalties: Schools Ease Athlete Punishment For Recreational Drugs | Texarkana Breaking News

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.

To read more visit http://www.texarkanagazette.com/news/sports/college/story/2015/dec/28/pot-penalties-schools-ease-athlete-punishment-recreational-drugs/412044/

Banks Shy Away From Oregon’s Legal Marijuana Businesses – Spokesman.com – Dec. 26, 2015

Securing something as simple as a checking account can be nearly impossible for cannabis business owners, the Statesman Journal newspaperreported. There are some exceptions, including Maps Credit Union, but even this financial institution takes precautions when it comes to marijuana business. The credit union doesnt advertise the accounts, for example, and businesses with accounts are asked to sign a non-disclosureagreement. Other banks are wary of assurances from federal agencies that if they serve cannabis businesses they wont face money-launderingcharges. According to marijuana business owners, some banks have told them that serving their businesses could lead to the banks losing their FDIC insurance. However, a 2014 directive from the Financial Crimes Enforcement Network, a division of the U.S. Treasury, provides some clarity on theissue. Banks can serve those businesses, as long as they follow strict anti-money-launderingprocedures. Nevertheless, pot business owners across Oregon have opened accounts only to have them quietly closed when the bank discovered the nature of their enterprise. Most are stuck conducting transactions in cash, including vendor payments andpayroll. By compelling Oregon business owners to operate on a cash-only basis, current federal laws are making marijuana businesses sitting ducks for violent crimes and perpetuating negative stereotypes.

To read more visit http://www.spokesman.com/stories/2015/dec/26/banks-shy-away-from-oregons-legal-marijuana-busine/

Top 10 Stories Of 2015 | Year In Review – Enumclaw Courier-herald

Enumclaw-born baker competes on Cake War s Not all the top news stories of the year are dark and dreary; some happen to be quite delicious, as Enumclaw baker Natalie Vorpahl could say. Vorpahl and her business partner Kristina Serfass at Baked Custom Cakes in Seattle competed on the Food Network Channels Cake Wars last year, which was aired July 13. The two bakers came away as winners of the competition, which was all about wedding cakes. They received a $10,000 prize. It was kind of a pretty crazy experience with the cameras in your face constantly, Vorpahl said about the experience. Its nerve racking enough making a wedding cake without being filmed. (Photo:In their bakery, Kristina Serfass and Natalie Vorpahl make and decorate unique made-to-order wedding cakes for their customers. Submitted photo) 5. Lake Tapps refill Bonney Lake and Lake Tapps residents were inconvenienced last summer when Lake Tapps,after being emptied for repairs, was unable to be filled in time for the start of the season. This was due to the unexpected, and record-breaking, lack of rainfall in the spring and summerseason this year. When Cascade Water Alliance drew down lake levels in fall 2014 in order to repair the dykes thattook water in and out of the lake, it was expected the lake would be refilled by Memorial Dayweekend, which is when the lake typically opens for the recreational summer season.

To read more visit http://www.courierherald.com/news/363737101.html

Oregon Banks Reject Marijuana Money | The Columbian

We took the comments by Senator Wyden to heart. Don Morse, director of the Oregon Cannabis Business Council and owner of the Human Collective marijuana dispensary, said hes had five credit cards discontinued because of his business. He cant remember the number of times his checking accounts have been shut down. Norris Monson, CEO of several Oregon-based marijuana businesses, said hes had accounts closed for cashing checks from vendors with names including cannabis-related terms. Morse said banks havent disclosed why they closed his accounts. Its always like, You know why were shutting you down, he said. Bank of America and Wells Fargo are some of the banks he said have closed accounts of OCBC members. Bank of America did not return phone calls, but submitted a statement: At Bank of America, as a federally regulated financial institution, we abide by federal law and do not bank marijuana-related businesses. Wells Fargo also submitted a statement: The sale of marijuana is still illegal at the federal level and as a result, we do not bank marijuana businesses. When asked if pot-related accounts would be closed, Wells Fargo spokeswoman Lara Underhill said if bank policy isnt being followed, they act accordingly. With the much-needed service Maps is offering, why is the credit union so secretive? Its such a weird place to be, Saunders said. Normally youd love word of mouth. This is one area where were not necessarily interested in banking every dispensary in Oregon. There are 334 dispensaries registered in Oregon.

To read more visit http://www.columbian.com/news/2015/dec/26/oregon-banks-reject-marijuana-money/

Schools Ease Athlete Penalties For Marijuana

The AP found that some of the nations biggest universities, from Oregon to Auburn, have already eased their punishments as societys views on marijuana use have changed. Marijuana use among U.S. adults has doubled over a decade, according to government surveys, and recreational use is now legal in four states. The AP analyzed policies for 57 of the 65 schools in the Southeastern, Atlantic Coast, Big 12, Big Ten and Pac-12 conferences, plus Notre Dame. Of the 57 schools, 23 since 2005 have either reduced penalties or allowed an athlete to test positive more times before being suspended or dismissed. Ten schools have separate, less stringent policies addressing only marijuana infractions. In the Pac-12, five schools do not suspend athletes for as long as they once did. At Utah, for example, a third failed test used to mean dismissal; now its a half-season suspension. Recreational use of pot is allowed for adults in Oregon and Washington but is against the rules at Pac-12 schools in those states. At Oregon, an athlete doesnt lose playing time until a third failed test; at Oregon State, a third failed test used to mean dismissal, but athletes are now given one more chance. At Washington, a third failed test used to be a one-year suspension but is now just 30 days.

To read more visit http://www.pottsmerc.com/sports/20151228/schools-ease-athlete-penalties-for-marijuana