Tags Posts tagged with "Marijuana Policy Project"

Marijuana Policy Project

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A new decision by a major bank could present trouble in the near future marijuana stocks.

PNC Financial Services (NYSE: PNC) is shutting down its bank accounts for one of the largest advocacy groups for cannabis legalization. The group, appropriately named ‘The Marijuana Policy Project’ (MPP), was informed by a PNC representative that the bank felt it was “too risky” to do business with the organization.

Could the result of this decision by PNC executives affect the marijuana industry? Yes, and it could potentially deflate marijuana stocks in the process.

A representative from PNC confirmed that it would shut down MPP’s account but refused to comment on the details of the situation. PNC did, however, state that “as a federally regulated financial institution. PNC complies with all applicable federal laws and regulations.”

The representative from PNC referred to federal laws such as the Bank Secrecy Act which was enacted in 1970 requiring financial institutions to monitor customers’ accounts for various forms of potential criminal activity. If the company is suspected to be engaging in criminal activity, banks are prohibited from doing business with that company.

Although MPP does not touch the physical marijuana plant, an audit of the organization by PNC showed that MPP received some funding from businesses that are in the physical marijuana industry. This does not necessarily mean that these companies are committing crimes, but rather the fine line between federal and state legislation means that it remains risky for anyone involved. PNC took this information and decided that it would no longer do business with MPP although the organization had been a customer of the bank since its founding in 1995.

The result of this could lead to a domino effect in the industry. If one major bank decides to take an action like this, it could only trigger other banks to follow suit. This could lead small businesses involved in marijuana to only deal with cash in order to survive which is a dangerous and inconvenient system for all. In short, this new budding industry deserves recognition by the financial industry. If the government chooses to tax these companies as they do, it is only fair that they receive bank accounts and treatment as though they are any other business.

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Las Vegas Prepares For Recreational Marijuana Sales

 

Powered by one of the world’s biggest tourism industries, Nevada is preparing to do the same on July 1. A May report published by Gov. Brian Sandoval’s task force on marijuana estimates that up to 63 percent of recreational buyers will be tourists.

 

 


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Legal Marijuana Makes It Tough For Police To Take Advantage Of Your Rights

 

 

According to a report from the Stanford Open Policing Project, which analyzed more than 100 million traffic stops across 31 states, motorists of all races are as much as three times less likely to be stopped and searched where, thanks to legalization, marijuana is no longer available as an excuse.

 

 


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InCaseYouMissedIt: Investing in Cannabis is a No-Brainer

A new bill was passed that would effectively end the prohibition on the use of medicinal cannabis. While it was certainly a happy occasion to note the bipartisan effort put in, it is also frustrating to most to still have the struggle behind legalization. To have the amount of pushback against legislation in favor of a plant that has the ability to help many, is asinine to the majority of the public’s opinion.

 


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The process of legalizing marijuana doesn’t have to be difficult. It also doesn’t have to be undermined in secret. However, as the farce unfolding in Massachusetts proves, unwilling or outright hostile lawmakers can absolutely turn a simple process into a drawn-out drama—and they can also act like an Illuminati cabal and deliberately circumvent the will of the voters. And do it behind closed doors, because why not? Transparency is overrated.

As marijuana retail outlets in Nevada—which legalized cannabis at exactly the same time as Massachusetts, where voters approved a remarkably similar ballot initiative—prepare to record the first legal sale of recreational cannabis on Saturday, Massachusetts lawmakers are once again rewriting the basic tenets of the ballot initiative.

But this time, they’re doing so in a closed-door session, in which members of the public and the news media were ejected, which began Monday.

To the advocate or activist involved with the democratic process, this is only the latest affront in a series of slights that began almost the very moment legalization was approved.

Within a short time, in a rare special session, lawmakers pushed the deadline for retail dispensaries to open back six months—with a clear message that there could be further delays.

State lawmakers have also elected to almost double the voter-approved tax on marijuana, and also took for themselves regulatory power—including the ability to ban cannabis activity outright—that the ballot initiative delegated to a popular vote.

That’s not great, but much better than the plan cooked up by the State House to outright repeal the voter-approved legalization bill and replace it with something else.

In the age of the Republican-controlled Congress’s version of “repeal and replace,” that was enough to compel the Marijuana Policy Project to urge Massachusetts voters to flood their representatives’ offices with calls.

To the casual spectator—like some of the 1.8 million voters who wanted to be able to buy weed at a licensed store and pay taxes on the transaction—the need for secrecy isn’t immediately clear. For the Boston Globe, the cloistered process is an eyebrow-raiser.

“Hashing out differences between House and Senate bills in secret has long been the norm at the State House,” the newspaper observed. “But keeping deliberations about how to rewrite a voter-passed law hidden is notable, even by Beacon Hill’s opaque standards.

It’s worth pointing out that Massachusetts’s political establishment, which is now in charge of rewriting the state’s marijuana law, absolutely hates marijuana legalization.

Boston Mayor Marty Walsh was one of the chief opponents of the voter-approved measure, and Governor Charlie Baker, who will be responsible for signing whatever the cannabis klatch comes up with into law, campaigned against the measure, on the flimsy argument that legalization would be a drain on state resources.

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Tetra Bio-Pharma Inc. (TBPMF) Expands Focus of Commercialization Activities

 

Tetra Bio-Pharma Inc. (“Tetra” or the “Company“) (CSE:TBP)(TBP.CN)(CNSX:TBP)(TBPMF), announced Wednesday (6-28) that it will also commercialize novel cannabinoid based formulations for the treatment of pet conditions.

 

 


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Legislation Is Taking More Of An Interest In Marijuana Propositions

 

Marijuana-related legislation has received more support in Congress this year than ever before. In reference to a report from MassRoots, there are now more federal lawmakers backing marijuana bills, especially those seeking to remedy the banking problem for the marijuana industry, than in past sessions.

 



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Innovative Marijuana Cultivation Techniques Are Progressing In Italy

Italy is becoming one of the most progressive countries in Europe for cannabis cultivation, production, and innovation. Or maybe it has always been.

Alongside olives, tomatoes and the world’s best lemons, Italy has been growing hemp and cannabis for hundreds of years as industrial crops. Cannabis was essential to Italy’s shipping industry, which it supplied with material to make ropes, rigging, and sails.

 


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PotNetwork Holding, Inc. (POTN) Will Be Featured On A National Radio and Webcast Show

 

PotNetwork Holding, Inc. (OTC PINK: POTN) is pleased to announce that the Company will be featured on the long running business show, on 1470am South Florida and filmed live on AMP2.TV LIVE and also heard on www.wwnnradio.com on the Money Watch Network.

 

 


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How Important Is Your Budtender

 

 

Budtenders working in weed dispensaries have a lot of influence over their customers, especially those who aren’t sure what they need, want or are looking for. Thankfully, most budtenders are knowledgeable and very helpful. While many started off behind the counters when the industry was still operating in the so-called “legal gray” area, they have learned on, and off, the job.

 

 


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Legal Marijuana Makes It Difficult For Law Enforcement To Search Your Vehicle

Drug policy experts often say that the health risks of marijuana use are relatively minor compared to the steep costs of marijuana enforcement: expensive policing, disrupted lives, violence, and even death.

Law enforcement agencies, however, have often been at the forefront of opposition to marijuana legalization. One reason is that the drug, with its pungent, long-lasting aroma, is relatively easy to detect in the course of a traffic stop or other routine interaction. It’s an ideal pretext for initiating a search that otherwise wouldn’t be justified — even if that search only turns up evidence of marijuana use and nothing more.

 


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Advantis Corp. Receiving Larger, Ongoing Amstercan Orders

The strategy Advantis employs to build consistent revenue streams, using Amstercan as its anchor offering, is proving successful. “In the beginning, everyone was intrigued and ordered small amounts to test before they ordered larger quantities,” Advantis CEO, Christopher Swartz, stated. “Now that Amstercan is becoming more well known as being synonymous with the highest quality product, we are receiving large orders right off the bat; and those that did test orders are all ordering larger and larger quantities.” Advantis picked up Chateau Cannabis Co. as a client in March, and their second order for Amstercans was more than triple their first order. Nature’s Top Shelf ordered over 5,000 Amstercans for their first order, and are requesting this amount on a monthly basis. “Building a consistent Amstercan client base and supplying superior service to them is paramount to Advantis’ success,” Swartz said. “Amstercans are the key that opens the door to the litany of new products we are able to introduce through our client and partner pipeline. The ongoing revenue from from our loyal Amstercan clients supply the necessary cash flow to support our ongoing efforts to expand the Advantis footprint.” Swartz asserted that several new potential Amstercan clients will soon be added, as soon as Advantis receives the higher volume packaging machine.

Revenue is consistently increasing at Advantis, and Swartz related his plan for managing the increasing volume of business. “Obviously, we are increasing revenue, but now I see profit in sight,” Swartz explained. “To get there, we are reducing our costs by ordering larger quantities of materials, and the new canning machine will cut more costs by allowing us to automate more processes. We should receive it this month.” Advantis has been supplying its existing Amstercan clients and partners with its entire product lineup, which has also been adding to Advantis’ bottom line. “We are in a great place right now. We are consistently growing our client base, introducing new products, and more importantly, word is spreading throughout the cultivator community that Amstercan is a great way to preserve and deliver their highest quality products. Our canning business is literally growing exponentially, and I see all of our products participating in that success.” Swartz concluded his comments by saying he was excited to share news of first quarter revenue, which will be reported in the next 7 days.

Links to Advantis websites can be found at advantiscorp.com, rosin6.com, elixicure.com, and amstercan.com

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Forward Looking Statements: This news release contains forward-looking statements made by ADVANTIS CORPORATION. All such statements included in this press release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. The following risk factors, among others, could cause actual results to differ materially from those described in any forward- looking statements. These risks and uncertainties include, but are not limited to, economic conditions, changes in the law or regulations, demand for products of the Company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements. Forward- looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events. The Company is not entitled to rely on the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 because it is not registered under eitherAct.

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Republican Congressman Dana Rohrabacher of California recently submitted a piece of legislation in the U.S. House of Representatives targeted at preventing the federal government from enforcing states that have legalized cannabis for recreational or medical use. The proposal, which is entitled the “Respect State Marijuana Laws Act of 2017,” would provide the marijuana community with immunity from federal punishment as long as they obey state law.

Although the bill (H.R. 975) would not force Congress to end prohibition in a manner that would allow marijuana to be taxed and regulated nationwide similar to alcohol, it would amend the Controlled Substances Act in such a way that state legalization could carry on without the risk of federal interference. That means as long as cannabis consumers and their respective marketplaces adhere to the laws outlined by the state, this proposal would ensure Sessions and the DEA have no power to conduct raids or any other pesky shakedown tactics. However, for those states that still consider cannabis an illegal substance, no changes will happen.

Robert Capecchi, director of federal policies for the Marijuana Policy Project, said in a statement, “This is commonsense legislation that is long overdue. It is time to end marijuana prohibition at the federal level and give states the authority to determine their own policies. Federal tax dollars should not be wasted on arresting and prosecuting people who are following their state and local laws.” Similar legislation has been introduced over the past couple of years, but those bills never even received a hearing. There is hope that with all of the controversy surrounding Sessions and the potential dismantling of the legal cannabis trade that Congress will get serious about listening to the issue of national marijuana reform in the 2017 session.

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Cannabis recently became legal for adults in the state of Nevada. However, farming it is illegal unless they live more than 25 miles away from a retail marijuana shop. This is an example of what’s called a “halo rule.” Marijuana Policy Project introduced this idea in the 2010 Proposition 203 that brought medical marijuana to Arizona. It mandated that any patient living within 25 miles of a dispensary could not grow their own marijuana. They would have to register with and purchase their cannabis from their local authorized dispensary. At first, this meant that all patients could grow their own cannabis, as the law went into effect before any licenses had been awarded to dispensaries. However, as the dispensaries opened, every patient within that 1,964 square mile area had to remove their marijuana crops.

The halo concept made its way to Nevada while their legislature dealt with the issue of dispensaries. The state’s law hadn’t authorized any retail outlets, but did allow for all patients to grow up to 12 marijuana plants for medical use. In 2013, the state passed a law that created the dispensaries, with a 25-mile halo rule included. Patients who were already growing were given until this past summer to remove their marijuana crops within the halos. Question 2 was passed in November, also with a halo rule, and with an 18-month lockout on recreational licensing for all but the existing medical marijuana retail shops, growers, and processors.

Washington D.C. and 16 states have passed medical cannabis laws. As legalization continues to increase across the country, our adversaries are going to understand that they can’t win the battle. Their main priority will be to assure that we can’t grow our own marijuana. National legalization polls lingered around 45% and no states with legalization in 2010. But since California’s Prop 19 failed, we have gone 9 for 12 in statewide legalization votes. Seven of the nine wins allowed for personal home grows with no halos.

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DENVER — Patrons now have a choice between a glass of wine with dinner or some weed.Denver has become the first state in the nation to allow bar owners (who get the approval of their neighbors), offer their customers the option of smoking weed with their dinner. The downside is that they will have to smoke outside.

Proposition 300 in Denver was approved by voters the same day that California along with two other states legalized weed for recreational use and five other states approved marijuana for medicinal purposes. These changes signify an increasing tolerance for pot by the society.

The Denver cannabis consultant and campaign manager for the pot-in-bars measure; Emmett Reistroffer, said “It’s the sensible thing to do.” He adds “This is about personal responsibility and respecting adults who want to have a place to enjoy cannabis.”

This ordinance in Denver is effective immediately although it has a lot of conditions.

Owners interested in participating would have to get their neighbors to agree before they can apply for a license to allow pot use on their premises. Then the customers would have to supply their own pot in order to be in compliance with state laws which do not allow the sale of marijuana and food/ drink at the same establishment.

Customers could consume edible marijuana inside, but not smoke it. The outside smoking is permissible by law, but has restrictions. The law permits establishments such as yoga or art galleries to have weed-smoking sections and also allow them to hold events in which they could serve weed with food and drink. A Denver proponent of the consumption law and spokesman for the national Marijuana Policy Project; Mason Tvert, stated that tourist would now have a place where they can use marijuana in private and in turn reduce the possibilities of them smoking weed in public places such as sidewalks or parks.

“We are setting up a system that is still more restrictive than what we see with alcohol consumption,” Tvert said.

It could take a while before Denver sees any Amsterdam-style coffee shops considering there is no way to know how many establishments desire to apply for the permits nor how long it would take for them to get their neighbors to agree and receive permits. The ordinance is over in 2020, unless city officials renew the licenses or voters decide to make the measure permanent.

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Cannabis has never been a “for-profit” industry in any country on earth; at least not until United States voters made it one. According to Gallup polls; the end of the cannabis prohibition seems almost inevitable considering a record 61 percent of Americans support legal adult use, but many questions remain unanswered. How will cannabis be sold and advertised? How will marijuana sales be regulated? Who will dominate the markets? Will weed be changed? If so, how? Finally, how do we know the legal sale of cannabis will not create a disaster?

These questions do not have simple answers, but CBSN set out to address them by traveling to Canada as well as five states and interviewing people on all sides of the issue from consumers to sellers, lobbyists to elected representatives. At one point Dan Riffle was one of the nation’s most influential activist for cannabis legalization. Riffle is now against what he views as a commercial takeover of the industry and the creation of a market which depends on marijuana abusers and children.

“Legalization is happening, you know, for the first and only time,” he said. “And it seems like instead we’re just going to do alcohol again. We’re just going to do tobacco again. We’re just going to create this big, commercial model.”

Once long-time supporter of legalization and professor of public policy at New York University; Mark Kleiman, shares Riffle’s concerns. “We’re lurching from prohibition to the most wide-open kind of legalization,” he said. “Probably a bad idea.”

Mason Tvert; Riffle’s former colleague at the Marijuana Policy Project, disagrees big time. Earl Blumenauer, a congressman from Oregon, and the leading voice for marijuana legalization nationwide also disagrees big time. They both argue that there is already a “Big Pot” –the Mexican drug cartels. They emphasize that what is actually frightening is not high profits and declining public health; rather criminal gangs selling a product that is not safe and the heartless criminal justice system putting people behind bars for consuming it.

“What’s scary is that we are destroying lives. What’s scary is we can’t protect children now. What’s scary is that we are subsidizing Mexican drug cartels,” Blumenauer said.

“What’s scary is that the unaccompanied minors that are flooding into the United States are here because of the disruption in Central America and the destabilization in Mexico. … African-American young men are four times more likely to be arrested or hassled for something that most Americans now think should be legal. Now those are things that are scary now! Those are things that are wrong now!”

Brendan Kennedy is an important person in the evolving landscape of legal pot as well as CEO of Privateer, a holding company for mainstream marijuana brands. He is the first marijuana entrepreneur to get over $100 million from investors including backers in Facebook, Spotify and SpaceX. He desires for Americans to trust him to sell weed responsibly.

Kennedy answered questions such as “Is there a trade-off in this industry between profits and public health?” and “Does it concern you that according to federal data, over 4 million Americans meet the criteria for cannabis abuse or dependence?”

Kennedy believes cannabis consumers will benefit because they will have access to a safer and better regulated product. He also feels that consumers of marijuana will benefit from access to a wider variety of cannabis-based products.

“I think that most people in the United States who want to consume cannabis are already consuming it,” he said. “It will be interesting to see how the different products lower the percentage of people who actually consume via smoke. I think we’ll see other form factors that will be far more appealing from a health perspective than actually smoking cannabis. … I know more than a dozen elite athletes who consume cannabis. But they’re not consuming a joint. They’re vaporizing. They’re using cannabis as a topical for sore muscles.”

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