The march to bring marijuana legalization before California voters in 2016 ramped up Thursday with the announcement by a group of longtime Bay Area cannabis advocates that they have hired heavy-hitting Democratic political strategists and plan to release a draft of the proposed initiative in the coming weeks.
The Colorado Board of Health voted 6-2 — amid shouts, hisses and boos from a packed house — not to add post-traumatic stress disorder to the medical conditions that can be treated under the state’s medical marijuana program.
The board voted Wednesday against the recommendation of the state’s chief medical officer.
Eight Democratic senators, led by Warren, are urging federal health and drug officials to address the “data shortfall” on potential health benefits of medical marijuana by making it easier for researchers to study the drug.
Medical use of marijuana is now legal in 23 states, though it is difficult to study because it remains one of the country’s most tightly controlled substances.
A federal law crafted to fight the mob is giving marijuana opponents a new strategy in their battle to stop the expanding industry: racketeering lawsuits.
A Colorado pot shop recently closed after a Washington-based group opposed to legal marijuana sued not just the pot shop but a laundry list of firms doing business with it — from its landlord and accountant to the Iowa bonding company guaranteeing its tax payments. One by one, many of the defendants agreed to stop doing business with Medical Marijuana of the Rockies, until the mountain shop closed its doors and had to sell off its pot at fire-sale prices.
Should marijuana businesses pay tax on gross profits or net profits? It sounds like a silly question. Virtually every business in every country pays tax only on net profits, after expenses. But the topsy-turvy rules for marijuana seem to defy logic. And taxes are clearly a big topic these days under both federal and burgeoning state law.
A bipartisan bill in the U.S. Senate would allow banks to do business with marijuana companies.
Sen. Michael Bennet, a Democrat, and Sen. Cory Gardner, a Republican, both of Colorado, announced the bill in a joint statement Thursday.
Legalized medicinal marijuana is yesterdays’ news; legal recreational marijuana is the way of the world now, and with each passing year, additional states are considering the legalize-and-tax regime first instituted by Colorado and Washington. While state law is becoming more and more accepting of the idea of free-market marijuana, however, a decades-old provision of the federal tax code remains firmly in place, threatening to administer a painful amount of tax on marijuana facilities, and serving as a greater barrier to entry into the industry than any outdated notion of moral or ethical impropriety.
Medical marijuana is now sold in nearly half of all states, and even one red state has legalized it for recreational use. Veterans of wars in Iraq and Afghanistan are clamoring for access to treat post-traumatic stress disorder. Loosening pot laws polls better in three swing states than any 2016 presidential candidate.
So far, the studies of cannabidiol in schizophrenic populations are small, but at least one suggests head-to-head effectiveness against one atypical antipsychotic with less in the way of negative side effects compared to the approved drug. Cannabidiol is one of the target substances that the Echols want to be able to give to their son to reduce his distress and distressing episodes of self-injurious behaviors. Parents of children with epilepsy and other neurological conditions also would like cannabidiol oil to be available as a treatment for their sons and daughters.
Marijuana seems to act as a substitute for alcohol when people hit the minimum legal drinking age, a recent study found.
The study, published in the Journal of Health Economics, found — perhaps not surprisingly — that alcohol consumption spikes among people just over the age of 21. But it also found that marijuana use experienced a substantial drop at the same age.