Colorado Cannabis Bank Sues Federal Reserve

fourthColorado’s Fourth Corner Credit Union has filed lawsuits against the Federal Reserve and the National Credit Union Administration for denying it the right to operate within the banking system.

The Fourth Corner Credit Union, located in Denver, was created specifically to serve the legal cannabis industry. It got state approval back in November, but has been denied a “master account” by the Federal Reserve, which is required for them to begin legal operations. They have also been denied federal insurance from the National Credit Union Administration. In response, the credit union has filed separate lawsuits against both entities.

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Historic day in Nevada: First Legal Medical Cannabis Sales Take Place

Dozens of people line up outside the Silver State Relief medical marijuana dispensary in Sparks, Nevada, to be among the first in the state to legally purchase medical marijuana on Friday, July 31, 2015. (Scott Sonner, The Associated Press)

Dozens of people line up outside the Silver State Relief medical cannabis dispensary in Sparks, Nevada, to be among the first in the state to legally purchase the medicine (Friday, July 31, 2015: Scott Sonner, The Associated Press)

SPARKS, Nev. — Fifteen years after Nevadans voted to legalize it, medical marijuana was sold legally in the state for the first time Friday at a dispensary in a strip mall about 5 miles east of downtown Reno.

Dressed in polo shirts, tie-dyes and button-downs, about 75 people with medical marijuana cards lined up outside Silver State Relief, between a sub shop and pizza place in Sparks, to be among the first to buy as much as a half-ounce of pot for $195.

“It smells good in there,” said Dana Metz, 64, a retired General Motors worker who said he suffers from back pain, insomnia and anxiety. He was the first in line two hours before the doors opened just after 10 a.m.

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Michigan Panel Votes to Allow Medical Cannabis for Autism

autismThe Michigan Medical Marijuana Review Panel voted 4 to 2 today to add autism as a condition that qualifies an individual to become a medical cannabis patient.

The panel’s recommendation now heads to Mike Zimmer, Director of the Michigan Department of Licensing and Regulatory Affairs, who has final say over whether or not autism is added as a medical cannabis condition. If Zimmer approves the recommendation, Michigan would be the first state in the nation to allow medical cannabis for autism.

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Medical Cannabis Dispensaries to Open Throughout New York Within 6 Months

newjerseyThe New York State Department of Health issued licenses today to five organizations giving them the authority to cultivate and distribute cannabis for medical use.

Each of the five organizations will be allowed to open four dispensaries and four cultivate centers, with the dispensaries mandated to be open within six months (putting the deadline at the end of January).

These outlets are possible do to the Compassionate Care Act, which was signed into law by Governor Andrew Cuomo in July of last year.

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National Institute on Drug Abuse Director Says Cannabidiol is Safe and Nonaddictive

Nora Volkow, Director of the National Institute on Drug Abuse.

Nora Volkow.

Nora Volkow, the director of the National Institute on Drug Abuse (NIDA), says that cannabidiol (CBD) – a compound found in cannabis – is “a safe drug with no addictive effects.” The comments were made in an op-ed for The Huffington Post.

“[P]reliminary data suggest that [cannabidiol] may have therapeutic value for a number of medical conditions”, says Volkow.

Volkow notes that “Studies related to its possible use in the treatment of substance use disorders are being funded by NIDA, while other NIH [National Institute of Health] Institutes are funding work on the potential of CBD and other cannabinoids in treating neurological and psychiatric disorders, disorders of the immune system and metabolism, and cancer.”

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Mississippi Initiative Filed to Legalize Cannabis for Everyone 18+

missiAn initiative to legalize recreational cannabis for everyone 18 and older has been filed in Mississippi.

According to an official summary of the measure, Initiative Measure 52 “would amend the Mississippi Constitution to include the Mississippi Cannabis Freedom Act (‘the Act’). The Act legalizes cannabis for persons eighteen years of age and older, legalizes cannabis for medical purposes, authorizes the collection of taxes on cannabis, and includes various other definitions and mechanisms for implementation of the Act. For purposes of this measure, ‘cannabis’ means hemp, weed, herd, marijuana, grass, wax, concentrate extract, and hashish.”

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South Dakota Indian Tribe Set to Begin Selling Recreational Cannabis this December

The official logo of the the Flandreau Santee Sioux.

The official logo of the the Flandreau Santee Sioux.

The Flandreau Santee Sioux Indian tribe, located in South Dakota, is set to begin selling recreational cannabis to anyone 21 and older this December, the first Indian tribe in the nation to do so.

“The fact that we are first doesn’t scare us,” says tribal president Anthony Reider, who’s led the tribe for five years. “The Department of Justice gave us the go-ahead, similar to what they did with the states, so we’re comfortable going with it.”

Reider is referring to a memo released in December by the U.S Department of Justice stating that Indian tribes should be free to sell and use cannabis on their own sovereign land.

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WA Bar Association: Lawyers Can Use Cannabis, Operate Cannabis Businesses

joint1The Washington State Bar Association’s Ethics Committee has advised that attorneys are free to use cannabis for personal use, and to operate cannabis businesses.

Recently Washington’s Supreme Court made a ruling (Comment [18] to Rule 1.2) that lawyers “who advise clients on marijuana-related activities permitted under state law” aren’t violating Washington’s Rule of Professional Conduct. They didn’t, however, make a ruling on whether or not attorneys can participate in state-legal activities themselves, or if they can operate a legal cannabis business.

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Oregon Governor Signs Bill Allowing Recreational Cannabis Sales to Begin October 1st

budAs expected, Oregon Governor Kate Brown has signed Senate Bill 460 into law, allowing recreational cannabis sales to begin on October 1st.

The new law allows currently operating medical cannabis dispensaries to begin selling cannabis – including seeds and immature plants – to anyone 21 and older starting October 1st. Cannabis sales won’t be taxed.

According to the Oregon Health Authority, there are over 200 dispensaries operating throughout the state, with dozens more planning to open sometime in the near future. Each of these locations will be authorized to sell recreational cannabis once Senate Bill 460 takes effect.

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Over 165,000 Signatures Collected on Petition to Legalize Cannabis in the U.K.

ukA petition calling on the U.K. to legalize recreational cannabis has garnered over 165,000 signature, well more than the 100,000 required to put the issue to a parliamentary debate.

“Legalising cannabis could bring in £900m in taxes every year, save £400m on policing cannabis and create over 10,000 new jobs”, states the petition. “A substance that is safer than alcohol, and has many uses. It is believed to have been used by humans for over 4000 years, being made illegal in the UK in 1925.”

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Colorado Rally Planned in Support of Cannabis for PTSD

oper

Click the picture to enlarge it.

Less than two weeks after Colorado’s Department of Health and Environment rejected adding post trauatic stress disorder (PTSD) to the list of qualifying medical cannabis conditions, activists have announced a Medical Marijuana for PTSD Rally.

Hosted by Operation Grow for Vets, the rally will place in Denver (3461 Ringsby Court) starting at 11AM, and ending at 2PM.

For more information about the event and Operation Grow for Vets, you can visit their website by clicking here (they also have a Facebook page, which can be found here).

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Study: Sleep-Disturbed Patients Find Relief from Cannabis Use

sleepSleep-disturbed patients find relief from consuming cannabis, according to a new study published in the journal Addictive Behaviours, and published online by the National Institute of Health.

For the study, researchers at the University of California, the National Center for PTSD and John Hopkins University examined 163 adults who were recruited after purchasing medical cannabis for a physical or mental health condition at a legal dispensary in California. They provided self-report of “(a) whether cannabis use was intended to help with sleep problems (e.g. insomnia, nightmares), (b) sleep quality (PSQI), (c) cannabis use (including preferred type), and (d) symptoms of DSM-5 cannabis dependence.”

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Study: Cannnabis Useful in Treatment of Diabetic Neuropathy

By Laird Harrison, Medscape

image

For the study, participants consumed cannabis using a Volcano vaporizer.

Inhaled cannabis can blunt the pain of diabetic neuropathy without seriously impairing cognitive function, a new study shows.

“The higher the dose, the more the pain relief,” first author Mark Wallace, MD, told Medscape Medical News. “There was, however, a dose-dependent increase in euphoria.”

The study is the first randomized controlled trial of inhaled cannabis for diabetic neuropathy pain, said Dr Wallace, chair of the Division of Pain Management at the University of California, San Diego. It was published in the July issue of the Journal of Pain.

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Poll: 60% of New Hampshire Adults Support Legalizing Cannabis, 72% Support Decriminalization

nhA large majority of adults in New Hampshire support legalizing recreational cannabis, and an even higher percent supports decriminalization, according to a new Granite State Poll released this week.

The poll, sponsored by WMUR-TV, shows that 60% of adults in New Hampshire support legalizing cannabis for recreational purposes, with just 35% opposed to the move. When it comes to decriminalizing cannabis, support is even higher, with 72% in favor, and just 23% opposed.

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Multiple Changes to Washington’s Medical Cannabis Law Now in Effect

washington-flagSeveral provisions found in Washington State’s Senate Bill 5052, signed by Governor Jay Inslee in April, go into effect today, July 24th. Although most of the changes are regressive, such as eliminating in-home collective gardens, post traumatic stress disorder and traumatic brain injuries have been added to the list of qualifying medical cannabis conditions.

One change that goes into effect today is a ban on the use of butane in the production of hash oil, unless the individual or company producing the substance has a license from the state’s Liquor Control Board. This means that currently operating medical cannabis dispensaries will need to cease producing and (unless it was produced before the new law went into effect) selling butane hash oil, commonly referred to as BHO.

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