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  • July 29 2015

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    New DEA Leader Admits Pot ‘Probably Not’ As Dangerous As Heroin

    The new leader of the Drug Enforcement Administration has kept hisstance on drug reform somewhat of a mystery, but on Tuesday, Acting Administrator Chuck Rosenberg said that "heroin probably is more dangerousthan marijuana."

  • July 29 2015

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    Indoor Gardening Expo in LA

    Check out some highlights from the Maximum Yield Indoor Gardening Expo in Los Angeles, California July 25-26. The trade show had some favorite name brands in the world of indoor and hydroponic vegetable farming, as well as some smaller companies with innovating products. ...

  • July 29 2015

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    Senate Committee Approves Marijuana Banking Bill

    The Senate Appropriations Committee approved a measure Thursday that is intended to ensure marijuana businesses have access to banking services.

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    Sen. Jeff Merkley

    The amendment, offered by Sen. Jeff Merkley (D-OR) to the Financial Services and General Government Appropriations bill, would prohibit the Treasury Department and its enforcement arm, the Financial Crimes Enforcement Network or FinCEN, from using federal funds to punish banks that provide financial services to marijuana businesses that are operating legally under state laws.

    Many banks are currently unwilling to provide depository and other basic banking services to marijuana businesses because the substance is still illegal under federal law. Federal, state, and local law enforcement and other government officials say marijuana businesses need to have access to banking because operating entirely in cash raises significant public safety concerns.

    The House is unlikely to consider its own Financial Services bill, so it is unclear whether the amendment will be included in any final compromise legislation that is sent to the president.

    Earlier this month, Sen. Merkley introduced the Marijuana Business Access to Banking Act, which would amend federal banking laws to prevent banks from being punished for providing services to state-legal marijuana businesses.

    The post Senate Committee Approves Marijuana Banking Bill appeared first on MPP Blog.