Industry

NFL and Cannabis

Football on a field

A Harvard professor emeritus has a suggestion for the NFL: start funding marijuana research as a way to treat concussions. Professor Lester Grinspoon shared an open letter he has written to NFL commissioner Roger Godell, urging him to pay attention to evidence of cannabis as a successful treatment for long term head trauma. Grinspoon says he is a long-time fan ...

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The Potential of Cannabis in Business

Stock index on computer screen and hand

Medical marijuana is legal in 20 states including New Jersey as well as Washington D.C.. Two states – Colorado and Washington – have approved sales of the drug for recreational use. Other states including New York have unveiled plans to allow medical marijuana sales. The commercial promise of cannabis is not just in selling the drug – estimated to be ...

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Wealthy and Famous

George Zimmer founder the Men's Wearhouse,

Wealthy and famous people support the campaign to legalize marijuana. George Soros has donated millions of dollars to various organizations and campaigns striving to legalize marijuana. He donated $1 million to a failed 2010 effort in California, defeated in part due to the beer lobby. Others include: Google billionaire Paul Buchheit donated at least $100,000 to the same California effort ...

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Outside the US

Bay with Mexican flag

Lawmakers in Mexico filed two bills that could radically transform the country’s approach to drugs. One was introduced in the Mexico City legislative assembly and one in the federal legislature. Legalization of marijuana in Uruguay and Colorado and Washington states has energized efforts at drug reform in Mexico. Four former Latin American presidents — Ernesto Zedillo of Mexico, Lago of ...

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Level of Interest in Cannabis Reform Speaks for Itself

Cannabis is medicine sign

Want another indication that Americans are intensely interested in cannabis reform? A proposal to legalize marijuana ranks as the most-viewed bill on the US government’s main website for federal legislative information. This bill is more popular than hot-button issues such as jobs, guns and the economy! The Ending Federal Marijuana Prohibition Act, or HR 499 – would lead to a ...

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Cannabis Genome Research

Lab tech growing plants

Scientists at the University of Colorado Boulder have announced the launch of the Cannabis Genome Research Initiative to map the DNA makeup of cannabis, and to provide more knowledge about the plant’s history. “Despite the fact that cannabis is one of the most valuable and historically important crop species, we know comparatively little about the plant,” says Nolan Kane of ...

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Feds Release Banking Guidance

U.S. seal

The Federal government has just cleared the way for banks to work with marijuana businesses, removing a major hurdle to the industry. The US Justice Department and Treasury Department issued joint memos that provide banks with an outline for how to proceed. For starters, banks must verify that marijuana companies are properly licensed by the state before pursuing a business ...

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Unmuzzle the Drug Czar

law books on desk

U.S. Rep. Steve Cohen (D-TN) has introduced a bill that could change Federal law so that the director of the Office of National Drug Control Policy (ONDCP), commonly known as the “drug czar,” is no longer prohibited from studying the legalization of marijuana. Further, he will no longer be required to oppose attempts to legalize marijuana for medical or broader ...

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Letter to Obama Re: Reefer Madness

More than a dozen House of Representative lawmakers have urged President Obama to lighten up on the Federal government’s penalties for marijuana use. In a recent letter, they asked Obama to direct Attorney General Eric Holder to scale back how Federal prosecutors deal with people who consume marijuana. “We request that you instruct Attorney General Holder to delist or classify ...

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Bankers Refuse Holder’s Offer

Hemp bags stamped with dollar signs

The much-anticipated “yellow light” that the banking industry is supposed to receive from the Department of the Treasury and the Department of Justice will not convince financial institutions to work with the marijuana industry, according to Don Childears, president of the Colorado Bankers Association. Childears said that nothing short of an act of Congress would convince banks to do business ...

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