Frustrated by the cash-heavy aspect of its new marijuana industry, Colorado is trying a long-shot bid to create the world's first financial system devoted to the pot business. But Colorado's plan to move the weed industry away from dank-smelling cash to easily auditable banking accounts is a Hail Mary pass that won't work, industry and regulatory officials agree.
Graham Boyd, Sarah Trumble, Lanae Erickson Hatalsky
11 April 2014
Despite a federal prohibition on marijuana possession, sale, and use, Colorado and Washington recently became the first states to enact laws legalizing the recreational use of this drug. Although the Obama Administration has taken steps to attempt to deal with this evolving situation, we believe the status quo is untenable and Congress must act to provide certainty and a framework for these states moving forward. This report explains the problem and offers a solution.
Far from being discouraged by shifts in public opinion, state laws and even within the Obama administration on the legalization of marijuana, federal drug agents are driven to "fight harder," said Drug Enforcement Administration chief Michele Leonhart. Leonhart, who criticized President Obama for comparing marijuana to alcohol during a closed-door meeting, suggested that voters in Washington state and Colorado were duped into legalizing marijuana. The Marijuana Policy Project is calling on the president through a Change.org petition to fire Leonhart.
Public opinion in the US appears ready for a truce in the war on drugs. A national survey by the Pew Research Center finds that support for the legalization of marijuana use continues to increase. Fully 75% of the public think that the sale and use of marijuana will eventually be legal nationwide. Just as most Americans prefer a less punitive approach to the use of drugs such as heroin and cocaine, an even larger majority (76%) think that people convicted of possessing small amounts of marijuana should not have to serve time in jail.
A Colorado marijuana innovation is changing the way lawmakers in even the most conservative parts of the country talk about cannabis and is poised to create a rapid expansion in the number of states that have legalized marijuana in some way. But many marijuana advocates view the new political campaign with skepticism, fearing it could halt their movement's momentum. Taken to its logical conclusion, medical marijuana could be a "box canyon" for broader legalization efforts.
The International Narcotics Control Board (INCB) has launched a counter-offensive against moves to liberalise drug laws around the world, warning that cannabis legalisation poses a grave danger to public health.
A coalition of investors and strategists, which played a key role in passing most of the legislation to reform drug laws nationwide since 1996, has decided not to put a pot initiative on the ballot in California this year but will wait to push for legalization until 2016. Signature-gathering efforts for at least two additional pot measures are circulating, but they do not appear to have the high-profile financial backing needed. So the coalition's decision makes it less likely that marijuana will be legalized in California in the near future.
Some 20 years ago, a Spanish official in favor of lifting the ban on drugs such as marijuana mentioned at a UN meeting that there "might be a more humane option" in the fight against trafficking. She was immediately taken aside by a senior diplomat, who told her in no uncertain terms: "Don't say things like that round here, not even in the washroom." Today, the same official says that internal documents are now circulating within the UN that openly admit to the failure of prohibition.
Federal marijuana prohibition in the United States started with a knock on a Denver man's apartment door. Seventy-six years ago, Samuel Caldwell became the first person arrested and prosecuted under a federal charge of selling marijuana, after drug enforcement agents busted him with 3 pounds of cannabis in his apartment. Three-quarters of a century and an estimated 26 million marijuana arrests after Caldwell's, legal marijuana sales were set to start at 8 a.m. in Colorado.
On January 1, 2014, Colorado becomes the first place anywhere in the world to allow legal marijuana sales to anybody over 21 for any purpose. You have questions about how it will work? Since the voter-approved Amendment 64 (ah, there it is) went into effect on Dec. 10, 2012, it has been legal for anyone 21 and over to use marijuana or possess up to an ounce of marijuana for any purpose. Here are 64 answers to commonly asked questions.
At least two of three marijuana legalization measures vying for the November, 2014 ballot would be good for California, according to the state Attorney General's office.The Marijuana Control, Legalization and Revenue Act would decrease drug enforcement costs and increase tax revenue, Attorney General Kamala Harris said this week. However, that initiative recently ran into a speed bump and might be cutting it close to a Feb. 28 deadline to file enough signatures to quality for the ballot.
The first licences in the United States that permit retailers to sell marijuana for recreational use from 1 January were issued in Colorado. Owners of cannabis dispensaries lined up to collect the permits in Denver: an initial batch of 42 licences were issued, most to growers but around a dozen to shops. The state already licenses more than 500 medical marijuana dispensaries, and only those outlets may apply to sell it for recreational use. (See also: Colorado issues first licenses for recreational marijuana businesses)
Argentina has given the first sign that Uruguay’s groundbreaking cannabis reform just may have started a domino effect across Latin America. Following the momentous vote by its smaller neighbor’s senate this month — making it the first nation in the world to completely legalize the cannabis — Argentina’s anti-drug czar Juan Carlos Molina has called for a public discussion in his country about emulating the measure. His comments are the clearest sign yet that Uruguay’s strategy has kicked off a trend in the region.
Prohibitionists warn that it’s dangerous even to discuss legalizing marijuana because such talk sends “the wrong message” to the youth of America, encouraging them to smoke pot. If so, you might expect that the legalization of marijuana in Colorado and Washington, approved by voters more than a year ago, would have a noticeable impact on marijuana use by teenagers. Yet the latest data from the government-sponsored Monitoring the Future Study indicate that teenagers continued smoking pot at pretty much the same rates as before.
Beau Kilmer, Kristy Kruithof, Mafalda Pardal, Jonathan P. Caulkins, Jennifer Rubin
14 December 2013
This RAND report provides an overview of the changes to laws and policies pertaining to cannabis in different countries. Several jurisdictions have reduced the penalties for possessing cannabis for personal use (and in some places even for home cultivation), while some jurisdictions have taken more dramatic steps and changed their laws and practices with respect to producing and distributing cannabis.
Emily Crick, Heather J. Haase, David Bewley-Taylor
14 November 2013
In November 2012, voters in two US states – Washington and Colorado – approved ballot initiatives to establish legally regulated markets for the production, sale, use and taxation of cannabis (commonly referred to in the US as marijuana). This is the first time anywhere in the world that the recreational use of the drug will be legally regulated – the wellknown coffee shop system in the Netherlands is merely tolerated rather than enshrined in law. Needless to say, with implications both within and beyond US borders, the drug policy community is watching Colorado and Washington closely.
Colorado regulators have begun surveying marijuana businesses about the price of pot in an effort to implement a new excise tax that voters passed earlier this month. The tax places a 15 percent levy on the wholesale price of recreational marijuana when it moves between the grower and the seller. However, Colorado's recreational marijuana industry won't have a true wholesale market for the first nine months. They must grow almost everything they sell — meaning the wholesale transactions that will be subject to the excise tax are really just pot transfers in which no money is exchanged.