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Historic Breakthrough in Struggle to End Marijuana Prohibition

August 29th

WASHINGTON, DC — Attorney General Eric Holder informed the governors of Washington and Colorado today that the Department of Justice will allow the states to implement their ballot initiatives that legalized the production, distribution, and sale of marijuana for adults. Deputy Attorney General James Cole also issued a memo to U.S. attorneys across the country […]

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Administration Gives States Okay on Marijuana Legalization

August 29th

WASHINGON, DC — Attorney General Eric Holder told the governors of Colorado and Washington Thursday that the Justice Department would not — at least for now — block their states from implementing regimes to tax, regulate, and sell marijuana. The Justice Department will take a “trust but verify” approach, a department official said. The department […]

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Justice Department Says It Won’t Challenge State Laws Permitting Marijuana Legalization And Sales

August 29th

WASHINGTON, DC – Federal justice officials will not challenge the implementation of laws in Colorado and Washington that allow for the production, consumption, and sale of marijuana to those over 21 years of age. Voters in both states approved initiatives in November allowing for the licensed production and retail sales of the plant, both of which are anticipated […]

Read Justice Department Says It Won’t Challenge State Laws Permitting Marijuana Legalization And Sales in its entirety on The Daily Chronic.

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Senator Leahy Calls Judiciary Hearing on Federal Marijuana Policy

August 28th

WASHINGTON, DC – US Sen. Patrick Leahy (D-VT), chairman of the Senate Judiciary Committee, announced Monday that he would hold a hearing next month on the Justice Department’s response to marijuana legalization in Colorado and Washington and legal medical marijuana in 20 states and the District of Columbia. The hearing is set for September 10. Leahy […]

Read Senator Leahy Calls Judiciary Hearing on Federal Marijuana Policy in its entirety on The Daily Chronic.

Want to stay up to date on marijuana reform & cannabis news worldwide? Visit The Daily Chronic - The Voice of the Reform Generation, the most comprehensive coverage of the cannabis community!

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Medical Marijuana Patient Advocates Launch “Health Before Happy Hour” Campaign

August 13th

SEATTLE, WA — Medical marijuana patients across Washington have begun a campaign called “Health Before Happy Hour” to educate the Washington State Legislature and Governor Jay Inslee that the needs of patients are much different from those of recreational marijuana users, and they will not be easily brushed aside. With the help of national patient […]

Read Medical Marijuana Patient Advocates Launch “Health Before Happy Hour” Campaign in its entirety on The Daily Chronic.

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Seattle Hempfest: One Week Until the World’s Largest Marijuana Celebration

August 9th

SEATTLE, WA —  For three days in August, hundreds of thousands of people will descend on Myrtle Edwards and Centennial Parks on Seattle’s waterfront for the 22nd annual Hempfest, traditionally the largest annual gathering of pro-cannabis supporters in the world.  But following last year’s historic passage of Initiative 502, which legalized the adult possession of marijuana […]

Read Seattle Hempfest: One Week Until the World’s Largest Marijuana Celebration in its entirety on The Daily Chronic.

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Private Equity Firms Investing in the Future of Legal Marijuana Sales

July 19th

SEATTLE, WA — In the sparse Seattle offices of Privateer Holdings, Brendan Kennedy grabs an iPad to show how his bet on legal marijuana is already payingdividends in the form of a Google results page for “blue cheese.”

When Web users search that term, high on the list is a link to reviews of the pot strain “blue cheese” on Leafly.com, the medical cannabis website Privateer bought a year and a half ago and which it calls the Yelp of weed.

“We’ve got Wikipedia blue cheese and pictures of blue cheese, and the third thing you see is the ‘blue cheese’ strain on Leafly,” Kennedy said as he displayed the Google results page. He says Leafly produces revenue of over $100,000 a month.

Popular interest in marijuana and moves by Washington state and Colorado to legalize recreational marijuana have led Kennedy’s two-year-old private equity firm and a handful of politically connected investors to dive into the pot business. Cannabis remains illegal under federal law.

Privateer this week said it closed a $7 million first round of fundraising. It also named to its board of directors Michael Auerbach, an investor with ties to former U.S. Secretary of State Madeleine Albright.

A next round of Privateer fundraising. . . . . READ MORE

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Lessons from the Netherlands for Marijuana Legalization in the US

July 19th

AMSTERDAM — The US states of Colorado and Washington voted last year to legalize marijuana and are moving forward toward implementing legalization. Activists in several states are lining up to try to do the same next year, and an even bigger push will happen in 2016.

With public opinion polls now consistently showing support for pot legalization at or above 50%, it appears that nearly a century of marijuana prohibition in the US is coming to an end.

Exactly how it comes to an end and what will replace it are increasingly important questions as we move from dreaming of legalization to actually making it happen. The Netherlands, which for decades now has allowed open marijuana consumption and sales at its famous coffee shops, provides some salutary lessons — if reformers, state officials, and politicians are willing to heed them.

To be clear, the Dutch have not legalized marijuana. The marijuana laws remain on the books, but are essentially overridden by the Dutch policy of “pragmatic tolerance,” at least as far as possession and regulated sales are concerned. Cultivation is a different matter, and that has proven the Achilles Heel of Dutch pot policy. Holland’s failure to allow for a system of legal supply for the coffee shops leaves shop owners to deal with illegal marijuana su. . . . . READ MORE

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Washington State Marijuana Regulators Want Clarity From Feds

July 12th

OLYMPIA, WA – Two Washington state regulators who are drafting rules for the state’s newly legal recreational marijuana industry said they would benefit from clearer directives by the federal government on how to build a system that would avoid being shut down.

Chris Marr, one of three appointed members of the state Liquor Control Board charged with drafting state pot rules, said the U.S. Department of Justice had so far provided scant guidance on how to develop an industry that federal authorities, who view pot as an illegal drug, won’t feel compelled to shutter.

“Policy is being established that will be a precursor for a large number of states,” Marr said. “It’s irresponsible. They should at least engage even if just for the purposes of information gathering.”

Washington and Colorado last November became the first U.S. states to legalize recreational pot use, even as the drug remains illegal under federal law, and both expect to have recreational-use marijuana stores open starting next year.

Despite the federal prohibition of cannabis, the states are proceeding with efforts to create rules for their nascent markets with provisions including advertising restrictions and security requirements for growing operations.

Engagement in those efforts could give federal authorities a voice in a pr. . . . . READ MORE

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I-502 Compliant Marijuana Business Seminars Offered in Washington

July 8th

VANCOUVER, WA — Acinonyx Academy has announced the opening of a Vancouver, Washington location for Marijuana Business Seminars to comply with I-502 Recreation Marijuana Business rules.

“We are here to help the small businesses of our community. We plan on a series of community based educational opportunities – the first of which is a series of Marijuana Business Seminars. We want to help the people in our community who are already in the marijuana business to comply with the new rules being developed by the Washington State Liquor Control Board. Our program will assist recreational marijuana businesses become part of the local economy and the local business community,” says Paula Tschida, founder of Acinonyx Academy.

The goal of these educational seminars is to assist small companies – the so-called Mom and Pop marijuana businesses. There are many small marijuana businesses already selling marijuana-infused products or growing marijuana for the Medical Marijuana Industry.

Acinonyx Academy’s program provides small classes focusing on different facets of the marijuana business so a businessperson need not take a class about the rules surrounding marijuana growing if their intention is to process marijuana-infused products or sell products at a retail level.

The Washington State Liquor Control Board issued a . . . . . READ MORE

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