Now that voters in Colorado and Washington have legalized recreational marijuana use, dope smokers there can light up without the usual paranoid fear that the cops are at the door.
The taxman is another matter.
Cash-starved legislators are seeing dollar signs in dime bags — with talk that a tax on marijuana could pump hundreds of millions or even billions into budgets still reeling from the recession.
“I’ve seen some estimates in [...]
By state law, medical marijuana is legal in Montana. Federal law, however, is another matter, as Chris Williams sadly found out.
Opinion from the New York Times, By Rebecca Richman Cohen
November 7, 2012
Our federal marijuana policy is increasingly out of step with both the values of American citizens and with state law. The result is a system of justice that is schizophrenic and at times appalling.
Though the federal government considers marijuana a [...]
A company that creates medical-marijuana dispensing machines says its stock is getting way too high.
Medbox (OTN:MDBX) shares surged 3,000% this week — from roughly $4 Monday to $215 Thursday — before falling to $100 after executives sought to dampen investor enthusiasm.
In a news release today, the company said that the stock’s rocket launch, which sent its market cap skyrocketing from $45 million at the start of the week [...]
Colorado and Washington Allow Non-Medical Pot Use
Medical marijuana has been legal in a number of states for years. Another state – Massachusetts – legalized medical pot tonight, becoming the 18th such state.
But in a historic first, Colorado and Washington have legalized marijuana for recreational purposes today.
As ABC News reports, the Feds will probably quickly challenge the states’ legislation:
Even though the issues have passed, they are likely to meet legal challenges very quickly.
In 2005, the Supreme Court struck down [...]
At the very least, this time around he’s not walking away from the question.
During a House Judiciary Subcommittee hearing on Wednesday, Drug Enforcement Administrator Michele Leonhart repeatedly refused to admit that anything was more addictive or harmful than marijuana.
Democratic Rep. Jared Polis of Colorado pressed Leonhart on whether illegal drugs like methamphetamine and crack, as well as legal prescription drugs, caused greater harm to public health compared to marijuana. But within a three minute time-span, Leonhart dodged his questions eleven times.
“Is crack worse [...]
Connecticut on Friday became the 17th U.S. state to legalize the medical use of marijuana.
The state’s Governor Dannel Malloy signed into law legislation allowing licensed physicians to certify an adult patient’s use of marijuana for medical purposes, according to a statement from the governor’s office.
The new law puts in place restrictions to prevent the kind of abuse that has plagued some of the 16 other states and the District of [...]