Tag: legalized

Marijuana Posted on

House Voted (Twice) to Allow Marijuana Banking Services

Democrats were joined by a growing faction of Republicans. In a stunning change of tone on marijuana policy on Capitol Hill, the House of Representatives voted on a pair of measures affecting the legal marijuana businesses in Washington and Colorado and medical marijuana businesses in 23 states and Washington DC. Almost all Democrats were joined by a growing faction of Republicans in approving the access to legitimate banking services. The House also quashed an attempt to stop the Department of Treasury from allowing banks to do business with legal marijuana firms. “Though this isn’t as flashy a win as some other drug policy reforms of recent years, banking regulations have been one of the most significant obstacles to creating a well-run, safe legal marketplace,” said […] Read More

Drug's Posted on

Uruguay Unveils Details for World’s First National Legal Marijuana Market

It is refreshing to see a small, trailblazing country pave the way for more intelligent, coherent and humane drug policies. On Friday, Uruguay released its long-anticipated regulations accompanying the law that was signed into effect last December, which made Uruguay the first country in the world to legally regulate the production, sale and consumption of marijuana for adults. Drug prohibition has devastating effects on people’s lives around the globe, from the 650,000 marijuana possession arrests per year in the United States to the 100,000 drug war deaths in Mexico in the past 7 years. Amidst growing consensus among political leaders in Latin America that the war on drugs isn’t working, Uruguaymade this bold move in an effort to regulate an existing marijuana market currently controlled by illicit drug traffickers and to generate public […] Read More