Article: Three Reasons The Feds Shouldn’t Have A Monopoly On Research Production
Article: Marijuana Banking Takes Massive Leap Forward
Intro below – full article at CBE here https://www.cannabisbusinessexecutive.com/2017/07/marijuana-banking-takes-massive-leap-forward/?utm_source=CBE+Master+List&utm_campaign=0bb4bdec4c-CBE+Policy+%26+Legal&utm_medium=email&utm_term=0_1f64189714-0bb4bdec4c-264162657
Last month witnessed a marijuana banking explosion.
Spanning 29 states and generating $7.2 billion in 2016, the United States’ legalized marijuana industry’s greatest obstacle—banking—was significantly reduced by the Department of the Treasury’s (Treasury) Financial Crimes Enforcement Network’s (FinCEN) June 6, 2017, “marijuana banking update,” The Fourth Corner Credit Union v. Federal Reserve Bank of Kansas City, No. 16-1016 — F.3d —- (10th Circuit, June 27) landmark opinion, and rise of the interbanking systems alternative to the barred use of credit cards in marijuana sales.
Article: Conservatives Move Towards Cannabis Investing
“I find the way people trivialize this issue to be infuriating. I hold it to be self-evident that people should be allowed to grow plants in their own gardens, regardless of what kind of plants they are… I do think the prohibition on this is outrageous… What we’re living through is a farce.” Andrew Sullivan, Conservative Blogger & Author
Thanks to Andrew Sacks of SWD for the pointer
Colorado’s Marijuana Tax Revenue Now Exceeds Half A Billion Dollars
In the three-and-a-half years since the state began allowing adults to purchase marijuana for recreational use, cannabis has contributed more than half a billion dollars in tax revenue to both state and local coffers.
That’s according to a report released Wednesday by the Denver-based marijuana consulting firm VS Strategies. Based on data from the Colorado Department of Revenue, the firm tabulated that cannabis-related taxes from 2014 through mid-2017 totaled $506,143,635.
Kentucky Governor and Attorney General Seek Dismissal of Medical Marijuana Lawsuit