In Uruguay’s marijuana experiment, the government is your pot dealer

In coming weeks, cannabis-seeking citizens in this small South American nation will be able to walk into a pharmacy and buy government-approved marijuana for the state-mandated price of $1.30 a gram. No questions asked. No doctor’s note required. Continue reading “In Uruguay’s marijuana experiment, the government is your pot dealer”

Cannabis industry organization forms to “be ready” for national legalization

Cannabis is joining the ranks of the financial, advertising, real estate and alcohol industries with the formation of its first self-regulatory organization.

The National Association of Cannabis Businesses (NACB) launched Thursday with a powerhouse leadership team and an ambitious plan: Develop and enforce national standards that will increase compliance and transparency, spur growth, and shape future federal regulations. Continue reading “Cannabis industry organization forms to “be ready” for national legalization”

Battling the racial roadblocks to joining the legalized marijuana trade

Darryl Hill, hailed for integrating college football in his youth half a century ago, was a successful entrepreneur with no criminal record and plenty of capital when he applied for a license to grow marijuana in Maryland — a perfect candidate, or so he thought, to enter a wide-open industry that was supposed to take racial diversity into account. Continue reading “Battling the racial roadblocks to joining the legalized marijuana trade”

DEA seeks dismissal of hemp industry lawsuit fighting drug code for “marihuana extracts”

The legal distinctions between marijuana and hemp are at the center of a debate in a federal lawsuit.

The Drug Enforcement Administration stands firm on its drug code for “marihuana extracts” in a brief filed Friday to the 9th U.S. Circuit Court of Appeals, and seeks to have a federal lawsuit by the hemp industry dismissed. Continue reading “DEA seeks dismissal of hemp industry lawsuit fighting drug code for “marihuana extracts””

It took the Trump Administration just a month to turn Obama-era drug policy on its head

My third son, William, was born on April 28. I’ve spent the past month or so getting to know him (thanks, Washington Post’s generous parental leave policy!), and not paying much attention to federal drug policy.

As it turns out I missed quite a bit. In the month of May alone, the Trump administration, particularly Attorney General Jeff Sessions’ Justice Department, steadily ratcheted up its tough-on-crime rhetoric and put in place some policies that give that rhetoric some real-world bite. Continue reading “It took the Trump Administration just a month to turn Obama-era drug policy on its head”

Maryland just got its first licensed grower of medical marijuana

The commission that oversees Maryland’s fledgling medical cannabis program voted Wednesday to award the state’s first full license to grow marijuana for medicinal purposes.

The stage two license, awarded to Forward Gro LLC, is a final sign-off from regulators for putting plants in the ground. The company will still have to wait for dispensaries to be fully inspected and licensed before it can sell cannabis products to approved patients, which it hopes to do by late summer or early fall. Continue reading “Maryland just got its first licensed grower of medical marijuana”

New federal bill would allow banking for marijuana businesses

Marijuana businesses can’t openly bank and congressman Ed Perlmutter, D-Colo., is hoping to change that.

Perlmutter on Thursday introduced the Secure and Fair Enforcement Banking Act (SAFE Banking Act), legislation that would allow banks to serve marijuana-related businesses without fear of penalties from the federal government. Continue reading “New federal bill would allow banking for marijuana businesses”

Two arrested after gunfire near Denver’s 4/20 celebration; no one hurt

A brief gunfire incident occurred early Thursday evening near the annual 4/20 cannabis celebration in downtown Denver.

Police said nobody was hurt, and officers arrested two people soon after at least one shot rang out near 15th Street and Cleveland Place. It was unclear whether the incident was related to the 4/20 festival. Continue reading “Two arrested after gunfire near Denver’s 4/20 celebration; no one hurt”

Cannabis companies flock to Canada as US laws keep them off stock exchange

When Hadley Ford created a company for investing in the fast-growing business of legal marijuana, the former Goldman Sachs Group Inc. investment banker left New York and headed north of the border.

While more than half of U.S. states allow marijuana for medical or recreational use, the drug is still outlawed by the federal government, starving pot entrepreneurs of institutional capital. Continue reading “Cannabis companies flock to Canada as US laws keep them off stock exchange”