Federal appeals court gives Colorado marijuana credit union another chance

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A federal appeals court has breathed life into a plan hatched in Colorado to open a credit union for the marijuana industry. A three-judge panel for the 10th U.S. Circuit Court of Appeals on Tuesday vacated a district court ruling that nixed Denver-based Fourth Corner Credit Union’s bid to receive a master account with the Federal Reserve Bank of Kansas City. Fourth Corner Credit Union first formed in late 2014 with the goal of serving licensed marijuana-related businesses, which have had trouble accessing financial services from traditional banking institutions. Any credit union or bank needs a Federal Reserve master account to operate. The judges remanded the case to the district court with instructions to dismiss the amended complaint without prejudice. …

Op-ed: Sessions isn’t making America safer. He might be making it more dangerous

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Last month, Attorney General Jeff Sessions stripped federal prosecutors of their traditional discretion to fit the punishment to the crime, directing them instead to seek the maximum penalty possible in all criminal cases. Last weekend in The Washington Post, Sessions defended this abrupt shift as necessary to confront the specter of rising crime, claiming “violent crime surged” while “the federal government softened its approach to drug enforcement.” Don’t believe it. Between 2009 and 2014, crime fell to its lowest level in a generation, even while prosecutors pared back their use of strict federal penalties. Sessions’s new policy will reverse that progress. While it may fill our prisons, it won’t “make America safe again.” First, let’s set the record straight. The …

UN Drug Office can’t find a single cannabis drug overdose, despite it being most widely-consumed drug

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The United Nations Office on Drugs and Crime (UNODC) has released its 2017 World Drug Report, covering 2015 statistics from around the world. The report finds that cannabis is the most consumed, most widely cultivated and most confiscated drug the office tracks. Despite leading in all of these categories, UNODC reported zero overdoses from cannabis in 2015, unchanged from 2014. Here’s a look at some of the intriguing stats in the report: Use The report states that cannabis is the planet’s most widely consumed drug, with an estimate of 3.8 percent of the adult population using it in 2015. This translates to an estimated 183 million people (with a lower range on the estimate of 128 million and an upper …

Massive marijuana bust dismantles illegal trafficking ring in Denver metro area

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A Denver grand jury has indicted 74 people, some of whom met while attending a metro area high school, on charges related to their involvement in a marijuana trafficking organization that reaped millions of dollars by illegally growing marijuana and then selling it out-of-state over a period of four years. A tip to Denver police in 2014 led to a massive local, state and federal investigation during which law enforcement officials executed nearly 150 search warrants in homes and warehouses throughout the metro area. So far, 43 people are in custody, the rest are at large. Related Articles June 25, 2017 Koch network to Trump administration: “You are never going to win the war on drugs. Drugs won.” June 22, …

Nevada recreational marijuana sales set to start Saturday

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RENO, Nev. — A lengthy legal battle over the alcohol industry’s exclusive rights to distribute marijuana in Nevada won’t affect the state’s plans to begin recreational pot sales at medical dispensaries on Saturday, state officials said. The Nevada Tax Commission also approved emergency regulations Monday with stricter labeling and packaging requirements aimed at protecting children. Among other things, the rules prohibit edible pot products modeled after products marketed primarily to children or bearing likenesses of animals, fruit or cartoon characters. The marijuana industry is eager for the fast-approaching July 1 kickoff of recreational sales in Nevada, where demand from tourists is expected to eventually make the state’s market bigger than other states where it’s legal, including Colorado, Oregon and Washington. …