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Alternatives to Bankruptcy for Cannabis Companies: Part 3

Part 1 of this series discussed the lack of bankruptcy protections for cannabis companies, since bankruptcy in the U.S. is an exclusively federal procedure and cannabis remains illegal under federal law and proposed a number of alternative options for businesses struggling in the current environment. Part 2 of this series focused on state law receiverships […]

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No Green Wave This Time, But Two More States Legalize Adult Use Cannabis

Five states voted on adult-use cannabis legalization. These results increase the number of states that have legalized cannabis for adult-use from 19 to 21. Similar ballot measures failed, however, in Arkansas, North Dakota and South Dakota. The continued expansion of legalized cannabis at the state level, combined with President Biden’s recent initiation of an administrative […]

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Michigan becomes 10th state to legalize recreational marijuana; other measures pass in Missouri and Utah

In midterm elections that saw Democrats gain control of the House and reaffirmed Republican control of the Senate, more states also voted to legalize marijuana.

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Where marijuana is on the ballot Tuesday – and where it’s most likely to win

It has been a big year for marijuana policy in North America. Mexico’s supreme court overturned pot prohibition last week, while Canada’s recreational marijuana market officially opened its doors in October.

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Missouri sues three big pharma companies for “campaign of fraud and deception”

Missouri Attorney General Josh Hawley announced he was suing three pharmaceutical giants he claims are responsible for the state’s current opioid crisis.

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Kansas police seize CBD oil made in Missouri, citing “zero tolerance” anti-marijuana laws

MISSION, Kan. — The owner of a Missouri hemp oil supplier said he’s making a special product line for Kansas after police seized the supply of a retailer because it contained trace amounts of THC. CBD American Shaman owner Vince Sanders said he hopes the move will appease law enforcement.…

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Record Amount of States to Vote on Marijuana Reform

Back in June we covered which states were going to be voting on marijuana law reform in November 2016. We also listed each state and the initiatives that they were hoping to be voting on this November. Recently, I read a blog at Sensi Magazine with updates for the record amount of states that will be voting on marijuana […]

The post Record Amount of States to Vote on Marijuana Reform appeared first on The Weed Blog.

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List of Potential Medical Marijuana States Growing

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As we have been reporting (with regularity), support for medical marijuana is swelling.  Many new states appear to be on the verge of passing laws that would permit the use of medical marijuana.  Currently, there are already 18 states that have passed laws to legalize medical marijuana.

Missouri may be one of the newest states to join the rapidly growing list of medical marijuana states.  The push to reform marijuana laws has moved beyond the the coastal states.  A recent poll suggests that over half of Missouri residents support a physician’s right to prescribe marijuana.  Yahoo.com asks if Missouri could be the next state to legalize medical marijuana, and provides a breakdown of the polling data.

Florida is also another state where the conversation is picking up.  While momentum has been gaining for years in the Sunshine State, it truly seems to have hit a high water mark.  Last week, we at marijuana.net spoke about John Morgan , who has now assumed the role of chairman for activists group People United for Medical Marijuana-Florida He has an incredible track record for raising money (even for  President Barack Obama) and he will likely now take those skills and place tremendous pressure on lawmakers to take action.  Mr. Morgan should have a captive audience as a recent poll showed that 70 percent of  Florida residents support medical marijuana.

It appears that in the near future a majority of states will decide to let residents make their own choices in pain relief.  If Florida or Missouri legalize medical marijuana, then there could be many other previously unexpected states to follow suit.

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Medical Marijuana Industry News October 12, 2012

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Melissa Etheridge Becomes Newest Celeb to Endorse Marijuana Legalization…

Melissa Etheridge, has provided inspiration to many people through her music and her successful fight against breast cancer.  The singer of popular songs such as “Come to My Window” has now come out in support of Colorado’s Amendment 64.  She appears on an advertisement and says she supports the legalization initiative “because a few years ago I was going through cancer chemotherapy and I was suffering.”  She also goes on to say “Prescription drugs were not helping. The only thing that allowed me to function and regain my strength was marijuana and I’m grateful for the relief it provided me. You know before I needed to use marijuana I just accepted the laws that treated marijuana users as criminals. But it’s funny how a serious illness can give you a new outlook on life.  I now see that it’s wrong to arrest adults for using marijuana and it’s even more wrong to allow gangs and cartels to profit from selling marijuana. Instead we should allow adults to possess limited amounts of marijuana and we should regulate marijuana sales in order to generate tax revenues for public schools construction and other community needs. To me, regulating marijuana is simply the right thing to do. Please vote yes on Amendment 64.”  Residents will have the opportunity to vote on passing the marijuana legalization law.  If they do so, marijuana will be treated in a similar way to alcohol with those 21 and over being to purchase it in a controlled, regulated, and taxed manor.

 

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Study Shows Missouri Could Make $149 Million off of Marijuana Legalization…

Last night America watched the two vice presidential candidates argue over taxes and the economy.  We did not hear any fresh ideas, but thankfully, a study in Missouri will provide us with information as to how we can jumpstart the economy.  Three states will have their residents vote on whether or not to legalize, regulate, and tax recreational marijuana.  In the above story we already mentioned Colorado, but Oregon and Washington State will also be putting similar measures to the people.  Missouri may join these states in the future as a study released by the groups National Cannabis Coalition and Show-Me Cannabis with the help of Harvard University economist Dr. Jeffrey Miron.  According to the groups Missouri would generate over $149 million if the state legalized marijuana.  This statistic includes $90 million saved by reducing funds associated with incarcerations, arrests, and prosecutions of marijuana offenders.  The additional $59 million would come through taxes placed on marijuana sales.  Dr. Miron said “The main thing I hope people think about is, ‘Why should the government be intervening with individuals using marijuana?”

 

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City Of Oakland Stands Up For Patients and Local Collectives….

Federal agents have been targeting the world’s largest medical marijuana dispensary, Harborside Health Center, for some time now.  Harborside is known to serve many patients and has gained even more attention as they were the focus of a Discovery Channel show, Weed Wars.  The Feds are attempting to seize the property that Harborside Health occupies, however, in what may be an unprecedented move, the City of Oakland is not sitting idle.  They have filed a lawsuit contending the federal government’s right to do so.  City Attorney Barbara Parker said “This lawsuit is about protecting the rights of legitimate medical patients. “I am deeply dismayed that the federal government would seek to deny these rights and deprive thousands of seriously ill Californians of access to safe, affordable and effective medicine.”   Harborside’s famous Executive Director, Steve DeAngelo said  “It is heartening to see the city stand up and support us.”  Oakland is notoriously struggling financially and many analysts are wondering how big the impact would be if Harborside was closed.  The dispensary paid $3.5 million in taxes with over $1 million going directly to the city of Oakland.

 

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Medical Marijuana Industry News August 31, 2012

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Los Angeles Ban On Dispensaries Appears to be Put on Hold…

The controversial decision to ban medical marijuana dispensaries in Los Angeles was met with resistance from activists.  Many patients have been anxious about how exactly they were going to safely access medication and if they would have to turn to traditional illegal methods of obtaining it.  The Los Angeles City Council, especially Councilman Huizar have seemed especially determined to end dispensaries even as the legalities mount against their actions.  It appears that court decisions have invalidated the right for municipalities to ban dispensaries.  While that did little to stop the city from threatening a closure which was set to take effect in days, apparently the ballot initiative from Americans for Safe Access did succeed.  Organizers submitted slightly over 49,000 votes with only 27,425 needed.  The signatures will be examined and validated which typically takes at least a few days.  If the signatures are approved then the Los Angeles City Council will have 30 days to either overturn the ban or put it a vote by residents.  Councilman Huizar still seemed determined to wipe any perceived egg off his face.  He said the city could still close shops that were in violation of state law and operating at a profit.  Of course marijuana.net searched extensively and could not find where ASA, or other organizers said any different.   However, eliminating all 700+ dispensaries, many of which are not making a profit is an altogether different story and may have been an overreach on the part of the City Council.

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Marijuana Decriminalization May Come to Springfield Missouri…

Many activists in Springfield Missouri have been seeking a new approach toward marijuana laws.  The goup Show Me Cannabis Regulation was successful in collecting enough signatures to get a ballot initiative to decriminalize small amounts of marijuana to the ballots.  The group was successful in collecting the required signatures.  As the case is in most areas, lawmakers can approve a ballot initiative or reject the issue and send it for residents to vote on.  While the City Council of Springfield voted 6-3 to approve the decriminalization effort, lawmakers now have 30 days to amend the bill.  The move appears to be a shrewd move aimed at keeping the issue away from a public vote.  As stated already, if the vote failed then voters would get a chance to approve the measure.  Now it seems several of the “yes” votes by the city council were simply to keep the issue in house.  Now they have 30 days to change and basically strip away the decriminalization law.  Councilman Jeff Seifried said of that he supported passing the legislation “then gutting, the entire ordinance.”  Unless our interpretation of this comment is incorrect, it sounds as if Councilman Tommy Bieker has similar plans.  He said “I will be voting in support with the intent of turning around and working out the amendment.”  Many residents may grow resentful that the City Council would take drastic measures to avoid having the people of Springfield ultimately decide the fate of the law.

 

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President Obama Participates in Reddit AMA Though Some were not Pleased…

As we close in on the 2012 presidential election, the candidates will try to utilize every way to connect with the people.  We are in the middle of the convention season as Mitt Romney concluded the Republican National Convention by making his speech and officially accepting the nomination.  On Tuesday the Democratic National Convention will get under way.  In the midst of high profile coverage it may be a surprise that the President decided to pursue a very new way of connecting with voters.  On Wednesday President Obama participated in a Reddit AMA (Ask Me Anything) where he encouraged voters to submit questions.  The president has also taken part in other online forums aimed at connecting with voters.  While we cannot say they have not been effective, he has dodged the issue of marijuana reform and the war on drugs now several times.  Yesterday many were upset that the president seemingly ignored the growing calls for marijuana reform.  However, we at marijuana.net would like to applaud him for taking part, even if his answers were not ideal.  The president seems to be more in tune with the growing online culture than other current and previous candidates.  While he may be avoiding the conversation to some extent, it is a unique situation that a president would directly converse with voters.  However, in the future a free pass may not be granted if he partakes in another online forum encouraging  questions on everything but simply handpicking his answers.

 

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