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MMJ Numbers Drop as Uncertainty Surrounds Industry

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Written by Administrator | 19 February 2012

By Charles S. Johnson, Gazette State Bureau  
Source: Billings Gazette 

medical Helena -- The number of medical marijuana cardholders in Montana continues to plummet while the number of legal marijuana providers is a fraction of its peak, as the industry faces an uncertain future here.

In 2011, the Legislature passed Senate Bill 423, a much more restrictive law that reduced the number of cardholders. Then there were several dozen federal raids of medical marijuana growing operations, along with the arrests and convictions of some owners.

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Legislators To Review Distribution of Marijuana

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Written by Administrator | 17 February 2012

By Kevin Rector 
Source: Baltimore Sun 

medical Maryland -- The use of medical marijuana in Maryland and how a statewide system could legally provide patient access are once again before the General Assembly, with three bills filed in recent weeks — each proposing a very different system for dispensing and distribution of the drug.Though federal law criminalizes the use of the drug, some legislators — led by Del. Dan Morhaim, a District 11 Democrat from Baltimore County and the legislature's only medical doctor, and Sen. David Brinkley, a Republican who represents Carroll and Frederick counties in the 4th District — have pushed in recent years for the state to adopt its own laws permitting and providing for the drug's use by medical patients with specific, debilitating conditions, a step already taken by more than a dozen other states and the District of Columbia.

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Marijuana Industry’s Cry for Banking Services

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Written by Administrator | 15 February 2012

By The Associated Press 
Source: Associated Press 

medical Denver -- Medical marijuana is legal in 17 states, but the industry has a decidedly black-market aspect — it’s mostly cash-only. Banks won’t touch pot money. The drug is illegal under federal law, and processing transactions or investments with pot money puts federally insured banks at risk of drug-racketeering charges.In Colorado, state lawmakers are attempting an end-run around the federal ban with a bill that would create the nation’s first state cooperative financial institution for dispensaries and growers to allow them to store and borrow money.

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The Liberalizing of State Marijuana Laws Continues

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Written by Administrator | 14 February 2012

USA -- Sixteen U.S. states, including Oregon, and the District of Columbia now allow the cultivation and distribution of marijuana for medical purposes, which some view as a foot in the door to eventual legalization of pot for recreational use. Some states are headed in that direction, and Oregon is likely to follow.

California voters were asked to legalize marijuana in 2010 and a slim majority, 54 percent, said “no.” Washington voters will be asked that same question in November.

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Struggling Cities Turn To a Crop for Cash

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Written by Administrator | 13 February 2012

By Michael Cooper 
Source: New York Times 

medical Oakland, Calif. -- As the stubborn economic downturn has forced this city to take painful steps to balance its budget in recent years, it has increasingly turned to one of its newer industries to raise much-needed revenues: medical marijuana dispensaries.

The city has raised taxes on marijuana dispensaries several times in the past few years, and last year it collected $1.4 million in taxes from them — nearly 3 percent of all the business taxes it collected. Now Oakland plans to double the number of dispensaries it licenses, to eight from the current four, in the hopes that it can collect even more revenue.

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