Mark Twain is said to have remarked that a gold rush is a good time to be in the pick and shovel business. Investors may be able to apply that same bit of wisdom to the growing number of U.S. states that have legalized pot.
Although federal law prohibits the sale or possession of marijuana, Massachusetts last week joined the ranks of states — 18 plus Washington, D.C. — that allow its use for people suffering from chronic illnesses like cancer, HIV/AIDS, multiple sclerosis and epilepsy. . . . Read Complete Report
DENVERWith reggae music pumping in the background and flashing disco-style lights, members of the recreational pot club lit up in celebration of the new year — and a new place to smoke legally among friends.
Club 64, in an industrial area just north of downtown Denver, opened at 4:20 p.m. on Monday, with some 200 people signed up. The opening came less than 24 hours after organizers announced they would charge a $29.99 admission price for the bring-your-own pot club. . . . Read Complete Report
Happily isolated on California’s remote Humboldt County coast, Arcata has long made room in its heart for marijuana, whether grown illegally in the back woods by refugees of the Summer of Love, or legally in the back rooms of homes by medical pot patients.
But the mellow days are coming to an end. Even Arcata residents who support legalization of marijuana have become fed up with high-volume indoor growing operations that take over much-needed housing and take advantage of the state’s loosely written medical marijuana law. . . . Read Complete Rerport
A few months ago, New Hampshire Gov. John Lynch signed a bill declaring that “in all criminal proceedings the court shall permit the defense to inform the jury of its right to judge the facts and the application of the law in relation to the facts in controversy.” Although the new law does not take effect until next January, a case decided yesterday in Belknap County illustrates the importance of the nullification power it recognizes. . . . Read Complete Report