Category: ECONOMICS

Study: Arrests For Marijuana Offenses Increasing In Many States

From 2008 to 2012, seventeen state-level jurisdictions experienced an average annual increase in marijuana arrests, the report found. South Carolina (11.6 percent) and the District of Columbia (7.7 percent) experienced the highest overall percentage increase in arrests during this time period. By contrast, annual marijuana arrests fell nationwide by an average of 3.3 percent from 2008 to 2012.

How to Prevent Employment Discrimination Against Cannabis Smokers

Now that America has some form of legalization in 23 states and the District of Columbia, activists must reevaluate those state’s laws to refine the details of their legalization systems. There are three distinct areas in which cannabis laws need clarification and evolution: employment issues, child custody issues, and DUID charges. This week, I will discuss the important area of employment discrimination. First, let’s be clear: no one should go to work in an impaired condition, regardless of what drug is involved. It’s not fair to the employer or to […]

Oregon: Marijuana Initiative Backers Turn In 145,000 Signatures For Proposed 2014 Ballot Measure

Proponents of a statewide initiative to regulate the commercial production and retail sale of marijuana have turned in 145,000 signatures to the Secretary of State’s office. The proposed ballot initiative (Initiative Petition 53) seeks to regulate the personal possession (up to eight ounces), commercial cultivation, and retail sale of cannabis to adults.

Here’s What Colorado Looks Like 6 Months into Legalization

July 1st 2014 marked the 6 month anniversary of the launch of Colorado’s great social experiment – the legalization and regulation of marijuana for all adults age 21 and over.  News coverage of the state’s highly scrutinized, yet burgeoning retail cannabis industry has been lukewarm, but a review of the last six months shows that (although inconclusive in its early stages) this policy has not only failed to cause the reefer madness social breakdown predicted by prohibitionists, it appears that this new industry is starting to positively impact the state and its communities. Colorado is projected to […]

Legal Pot’s Cash Conundrum

On Sunday February 16th, I bought legal weed for the first time from a recreational cannabis store in Denver, Co.  I spent a few minutes speaking with some of the employees, as I was eager to hear how things were going under this newly sanctioned marijuana market.  Unsurprisingly, business was great.  Some items were selling quicker than others, but everyone was in agreement that the rollout of Colorado’s legal cannabis retail system had been a great success, except for one crucial component that was as unsettling as it was expected – we were standing in one of a […]

Feds To Issue Banking Guidelines For Businesses Engaged In Cannabis Commerce

Federal officials are poised to unveil new regulations allowing for financial institutions to legally interact with licensed businesses that are engaged in cannabis commerce. “They (retail facilities that dispense cannabis) want to be able to use the banking system,” US Attorney General Eric Holder said. “And so we (the Obama administration) will be issuing some regulations I think very soon to deal with that issue.”

President Obama: Marijuana Less Dangerous Than Alcohol; Legalization in WA and CO “Important”

In a profile published online over the weekend in New Yorker magazine, President Barack Obama continued his softening towards marijuana legalization. In the interview, the president alluded to his own youthful marijuana consumption and clarified that, while he doesn’t believe it to be a healthy pastime and has discouraged his daughters from its use, it is a less dangerous substance than alcohol. President Obama also stated that current moves towards legalization are important experiments that can help end discriminatory arrest practices. “As has been well documented, I smoked pot as […]

Banks Willing to Work With Marijuana Business, But Waiting for Federal Clarification

Reported this week in the Daily Herald: Community banks and credit unions are ready and willing to provide financial services to entrepreneurs in the state’s new legal pot industry. But they aren’t able to, at least not yet. Marijuana businesses, even ones that will soon be legally licensed in this state, are considered criminal enterprises under federal law, which makes handling their money a crime in the eyes of the Department of Justice. Until the agency changes its outlook or Congress changes the law — and efforts are under way […]