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A top federal official on Tuesday said that 105 banks and credit unions are now doing business with legal marijuana merchants, and suggested that revised federal rules giving financial institutions the green light to provide services to cannabis businesses are starting to work.
The financial institutions in question cover about one-third of the United States, and have reported relationships with marijuana-related businesses, the top U.S. anti-money laundering official said, reports Jeffrey Sparshott at The Wall Street Journal.
The Obama Administration in February gave the go-ahead to the banking industry to offer financing and accounts to marijuana distributors who are legally conducting their business according to state laws, reports Danielle Douglas of The Washington Post.
The judge instructed Parliament to recraft the Controlled Drugs and Substance Act to allow medicinal cannabis patients to use products made from cannabis extracts, including creams, salves, oils, brownies, cakes, cookies and chocolate bars, reports CBC News.
The court challenge came from the case of Owen Smith, who was charged with marijuana trafficking for baking cannabis cookies and producing topical cannabis creams for a Victoria medical marijuana club in 2009.
A 48-year-old woman in Chile has become the first legal medicinal cannabis patient in Latin America after being granted special permission by the Institute for Public Health due to having both systemic lupus and breast cancer.
“I feel like I am burning up inside,” Cecilia Hayder said, reports NBC News. “Everything hurts. I don’t have the strength to take a step, and I often have to use a wheelchair. My body rejects opiates so cannabis is the only thing that works for me.”
Heyder, a mother of two, will be treated with Sativex, extracted from cannabis, with equal amounts of tetrahydrocannabinol (THC) and cannabidiol (CBD). Sativex isn’t considered to be psychoactive, as the CBD mediates the effects of the THC. Although she’s already permitted to take Sativex, a new law will have to be rushed through Chile’s Congress to allow the public health system to pay for it.
The island’s administrator, former Liberal MP Gary Hardgrave, vetoed the decision made by Norfolk Island authorities, reports Sam Ikin at the Australian Broadcasting Corporation.
Hardgrave said the license issued to THC under section 7A of the Dangerous Drugs Act’s 1997 provision, which was included for the purpose of establishing an industrial hemp industry on Norfolk Island. “There is no reasonable prospect of a hemp industry being established on Norfolk Island in the near future and Tascann’s proposal to cultivate cannabis for medical treatments is fundamentally different to, and inconsistent with, that purpose,” Hardgrave said in a prepared statement.
The group “No On 2” recently posted an ad on Facebook asking, “Will the face of date rape look like a cookie?” In the ad, a man and a woman are portrayed hugging, with an arrow pointing to a Photoshopped cannabis cookie in the man’s back pocket, reports Jeff Skrzypek at WPTV.
“I absolutely thought it was fake,” said Florida state Senator Jeff Clemens, who supports medical marijuana. “I thought it was a joke.”
Due to strict regulations from the Washington State Liquor Control Board, no kitchens had been approved for producing marijuana edibles last month when cannabis sales began on July 8.
Al Olson, the marijuana editor at CNBC.com, bought the first approved edibles in Bellingham, Washington, at a store called Top Shelf Cannabis, reports Katy Steinmetz at Time. Olson bought about $200 on Green Chief “Crazy Carnival Nuts,” “420 Party Mix,” and “Twisted Trail Mix,” as well as on a vaporizer pen and vape pen battery.
Colorado Governor John Hickenlooper has introduced his administration’s marijuana prevention campaign to deter underage consumption — and unfortunately, it uses scare tactics rather than a reality-based approach. The campaign is slated to waste $2 million of taxpayer money.
The theme of the campaign is marijuana’s potential impact on the developing adolescent brain, using the slogan “don’t be a lab rat.” The administration plans to place human sized rat cages throughout the city of Denver, particularly at high-traffic bus stops.
While flashy and memorable, the campaign has raised concerns among advocates who question the credibility of this approach. Drug policy reformers and prevention experts invoke the cynicism generated by 1980s-era scare tactic efforts such as the notorious “This is your brain on drugs” ad, widely recognized today as far more attention grabbing than drug deterring.
Unique Pizza and Subs Corporation on Tuesday announced it will “explore the possibility” of developing a signature Unique Pizza with cannabis infused into it.
The company said it believes, with the increasing demand for marijuana in Colorado under legalization, “it would utilize Dr. Reddy’s world renowned skills, laboratories and test kitchen to develop a signature line of marijuana enhanced Unique Pizzas, that could be sold at adult bars and night clubs throughout the state.”
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