News

thenewamerican.com reports:

Getting busted for pot possession may become a thing of the past in Colorado come this November, when voters in that state decide whether or not to make the drug clear and legal for recreational use. As reported by the Seattle Times, Colorado joins Washington State, which in early February tallied enough signatures to place a referendum before the voters on legalizing marijuana.

If the initiative passes in Colorado, individuals 21 and older will be able to legally possess up to one ounce of marijuana for personal use. The measure would also allow residents to grow up to six marijuana plants in their home, and specially regulated stores would be licensed to sell the drug. The measure includes an option that would allow communities to ban such businesses if they desire.

Read the full story at thenewamerican.com >>

BEVERLY HILLS, Calif., Feb. 20, 2012 /PRNewswire-iReach/ -- Green Asset International, (GreenAssetInc.com) Chairman and CEO Cheryl Shuman announced today that it has signed a term sheet to enter into a Special Private Placement Agreement (SPPA) for $10,000,000 of equity line funding with Equity Partners Fund SPC (EPF). The terms give Green Asset the right to increase the amount of the equity line funding up to $100,000,000.

The terms of the SPPA allow Green Asset to draw down funding over a three-year period once the company is listed and has an effective registration statement covering the shares to be sold pursuant to the SPPA. The SPPA also provides that the price at which shares may be subscribed by EPF is 90% of the lowest daily volume weighted average price during the fifteen consecutive trading days selected by Green Asset and set forth in a draw down notice sent to EPF. Green Asset is able to specify a minimum acceptable price for each draw down period to prevent significant dilution in the market below what the company feels is an acceptable price.

eurekalert.org reports:

DENVER (Nov. 29, 2011) – A groundbreaking new study shows that laws legalizing medical marijuana have resulted in a nearly nine percent drop in traffic deaths and a five percent reduction in beer sales.

"Our research suggests that the legalization of medical marijuana reduces traffic fatalities through reducing alcohol consumption by young adults," said Daniel Rees, professor of economics at the University of Colorado Denver who co-authored the study with D. Mark Anderson, assistant professor of economics at Montana State University.

(more)

The study; "Medical Marijuana Laws, Traffic Fatalities, and Alcohol Consumption." may be found here: http://www.iza.org/en/webcontent/personnel/photos/index_html?key=4915

There are a few archived snippets of the rally available on ustream.

In 16 states, marijuana use is legal for medical purposes, but authorities say state laws do not protect growers from federal prosecution. Special correspondent Michael Montgomery of KQED San Francisco looks at how that conflict is playing out in one California community.

Press Conference Thursday 12:30 on Steps of City Hall

LOS ANGELES, Sept. 7, 2011 /PRNewswire-USNewswire/ -- James Shaw, director of the Union of Medical Marijuana Patients (UMMP), announced that today his organization filed a legal challenge in Superior Court to the City of Los Angeles ordinance regulating medical marijuana patient associations, based on the failure of the City to do an environmental impact report (EIR).

"The City Attorney pushed an ordinance through the City Council in January 2010 that was so full of contradictions and legally questionable rules that a judge placed a hold on its implementation, and it has since then had to be frequently amended in an effort to survive 57 lawsuits, which should be decided by the end of this month," Shaw noted. "No one, however, has recognized that the ordinance cannot be implemented at all until an EIR is prepared, as required by the California Environmental Quality Act, or CEQA, on the impact of reducing the number of medical cannabis locations from 400 to 100 and then forcing most of the 100 to move."

Thanks to the efforts of Christopher M. Glew of Glew & Kim, the R Side Medical Marijuana Collective can reopen

LAKE ELSINORE, Calif., Aug. 30, 2011 -- After a lengthy court battle, the Fourth District Court of Appeal, Division Two ruled against the city of Lake Elsinore in its efforts to prohibit medical marijuana dispensaries within its boundaries.

In December of 2009, the City Council members of Lake Elsinore voted to ban medical marijuana operations in the city, which included the collective called R Side Medical among other names, owned by Luis "Carlos" Stahl and his son Eric. Because the state law conflicts with the federal law on the legality of marijuana, the constitutionality of such bans are being challenged across California. Many lawyers, such as the Stahls' attorney, Christopher M. Glew of the Law Offices of Glew & Kim, contend that the ban presents a serious legal quandary that may eventually reach the Supreme Court.

WASHINGTON, Aug. 24, 2011 /PRNewswire-USNewswire/ -- The Drug Enforcement Administration (DEA) delivered yet another blow to privately funded medical marijuana research last week, despite the Obama administration's promises to prioritize science over politics when it came to medical marijuana.

On Monday, August 15, 2011, the DEA issued its final order rejecting DEA Administrative Law Judge Mary Ellen Bittner's recommendation that it would be in the public interest to grant University of Massachusetts, Amherst Prof. Lyle Craker a license to grow marijuana for federally regulated research. The rejection preserves the monopoly held by National Institute on Drug Abuse (NIDA) on the supply of marijuana for Food and Drug Administration (FDA)-regulated research.

NEW YORK, Aug. 8, 2011 /PRNewswire/ -- Doug Benson, god of all things pot, movies and funny is back with a new album of amazing material! Benson's new CD and digital album, "Potty Mouth," will be released by COMEDY CENTRAL Records on Tuesday, August 30.

Filled with an hour of the standup you know and love (and recorded live as always on 4/20), Benson's third CD on COMEDY CENTRAL Records comes with a bonus DVD including the full, uncensored versions of all six episodes of "The Benson Interruption," the cult hit show that aired on COMEDY CENTRAL.

abc15.com reports:

SCOTTSDALE, AZ - A Valley attorney claims people operating within the confines of the law by possessing medical marijuana are being arrested by police.

Attorney Adam Trenk tells ABC15 his law firm, Rose Law Group, has received dozens of calls from patients who claim to have had run-ins with police even though they can now legally possess medical marijuana.

"We've heard of one case where the SWAT team went and raided a gentleman's home," said Trenk. "This is an outrage."

Read the full story at abc15.com >>