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As marijuana goes legit, investors rush in

April 9, 2013 at 8:29 pm / Cannabis Events, Cannabis News, Cannabis Politics, Marijuana Legalization, Medical Marijuana

Brendan Kennedy and Michael Blue are nice boys. Really. They’re bankers. Yale MBA classmates. Wearers of ties. And, if luck and changing laws cooperate, they’ll be drug barons of a certain kind. Kennedy, 40, and Blue, 34, are in the vanguard springing up to seize the market for legal marijuana, which is accelerating with last fall’s legalization of most personal pot consumption in Colorado and Washington state. They’re running a Seattle private-equity fund, Privateer Holdings, designed to buy up the [...]

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HR 499 Pot Bill Could Finally Legalize Marijuana In America

April 9, 2013 at 3:13 pm / Cannabis Events, Cannabis News, Cannabis Politics, Marijuana Legalization, Medical Marijuana

The long, hard fight by marijuana advocates to make some headway toward legalizing, or at least decriminalizing, pot at the federal level is experiencing a glimmer of hope this year in the U.S. Congress in the form of the HR 499 bill, which is gaining supporters by the week. The proposed legislation, officially known as the Ending Marijuana Prohibition Act of 2013, proposes a range of changes to federal law regarding marijuana, including directing the federal government to decriminalize weed and remove it [...]

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Colorado marijuana tourism company launches after pot legalization

April 9, 2013 at 3:00 pm / Cannabis Events, Cannabis News, Cannabis Politics, Marijuana Legalization, Medical Marijuana

Welcome to canna-ful Colorado. Two Denver entrepreneurs with ties to the medical-marijuana industry have started the nation’s first marijuana tourism company. For several hundred bucks — prices vary betweenVIP and economy levels— My 420 Tours will pick visitors up at the airport, connect them to a pot-friendly hotel, set up hash-making demonstrations and dispensary-grow tours, and provide them with tickets to cannabis-themed events and concerts. The company’s first package is built around April 20, a date cannabis enthusiasts regard as [...]

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Marijuana Super PAC Started By Brothers To Push Weed Legalization

April 5, 2013 at 3:11 pm / Cannabis Events, Cannabis News, Cannabis Politics, Marijuana Legalization, Medical Marijuana

Super PACs, independent-expenditure committees that can raise unlimited campaign contributions, conjure up images of political heavyweights like Karl Rove and the Koch brothers. But two marijuana-growing brothers from Eugene, Ore., have decided to use the fundraising platform to fight to legalize weed. They’re accepting donations now at theLegalize Marijuana Super PAC.com. Mark and Dennis Rogers submitted a super-PAC application to the Federal Election Commission on March 11 and were approved on March 25, Mark Rogers told The Huffington Post. “We do a [...]

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Audit Could Lead to Increased Oversight of Medical Cannabis Industry in Colorado

April 2, 2013 at 12:51 am / Cannabis News, Cannabis Politics, Marijuana Legalization, Medical Marijuana

Article via Medical Marijuana Business Daily Lawmakers across the country often hold up Colorado’s medical marijuana program as a model for the rest of the nation, lauding the state’s comprehensive set of rules and regulations on cannabis businesses. But everyone who gets involved in the local medical marijuana industry quickly learns a dirty little secret: The state doesn’t do a very good job of enforcing some of these rules. As a result, the regulatory system is not as tough as [...]

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Marijuana Officially Legal in Colorado

December 11, 2012 at 6:49 am / Cannabis News, Cannabis Politics, Marijuana Legalization

The recreational use of marijuana officially became legal Monday in Colorado, a little more than a month after voters in the state passed an amendment in favor of the measure. “Voters were loud and clear on Election Day,” Gov. John Hickenlooper, a Democrat, said in a statement, as he signed an executive order to officially legalize the personal use and limited growing of marijuana for those 21 or older. Amendment 64, as it’s called, is now a part of the [...]

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Colorado Legalizes Marijuana For Recreational Use

November 24, 2012 at 2:21 pm / Cannabis News, Cannabis Politics, Marijuana Decriminalization, Marijuana Legalization, Recreational Marijuana

The Rocky Mountain High just got a whole lot higher. On Tuesday night, Amendment 64 — the measure seeking the legalization of marijuana for recreational use by adults — was passed by Colorado voters, making Colorado the first state to end marijuana prohibition in the United States. Colorado Gov. John Hickenlooper, a vocal opponent to the measure, reacted to the passage of A64 in a statement late Tuesday night: The voters have spoken and we have to respect their will. [...]

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