Tag Archive: Federal

Nov 01

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 …

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Sep 08

25 Years Ago: DEA’s Own Administrative Law Judge Ruled Cannabis Should Be Reclassified Under Federal Law

Friday, September 6, 2013 marks the 25-year anniversary of an administrative ruling which determined that cannabis possesses accepted medical utility and ought to be reclassified accordingly under federal law. The ruling, issued in 1988 by US Drug Enforcement Administration (DEA) Chief Administrative Law Judge Francis Young “In the Matter of Marijuana Rescheduling,” determined: “Marijuana, in …

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Aug 26

Congress to Hold Hearings on State and Federal Marijuana Conflict

Senator Patrick Leahy (D-VT) has scheduled a hearing to address the conflict between state and federal marijuana laws. “It is important, especially at a time of budget constraints, to determine whether it is the best use of federal resources to prosecute the personal or medicinal use of marijuana in states that have made such consumption …

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May 27

Federal Lawmakers to Vote on Industrial Hemp Amendment to Farm Bill

Senator Ron Wyden has introduced an amendment to Senate Bill 3240, the Senate version of this year’s federal farm bill, that requires the federal government to respect state laws allowing the cultivation of industrial hemp. Hemp is a distinct variety of the plant species cannabis sativa that contains only trace (less than one percent) amounts of tetrahydrocannabinol (THC), …

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Apr 24

New Bill Would End Conflict Between Federal and State Pot Laws

Last week, the Respect State Marijuana Laws Act (H.R. 1523) was introduced in the House of Representatives. The bill would fix the conflict between the federal prohibition of cannabis and those state laws that allow medical and/or recreational use. As its name implies, the measure seeks to ensure that state laws on pot are respected …

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