Tag Archives | Pot

House Introduces Bill To Protect Medical Marijuana Industry

Photo: Plazak (CC)

Photo: Plazak (CC)

The House is doing what it can to protect the medical marijuana dispensaries with a bill that has been proposed to allow the marijuana industry to act as any other legal buisness, including expense deduction on federal tax returns and would make both businesses and patients “immune to federal prosecution if they are acting in compliance with local marijuana laws.” Via AlterNet:

Congressman Pete Stark (D-CA), Congressman Barney Frank (D-MA) and Congressman Jared Polis (D-CO) introduced legislation to the House on Wednesday aimed at ensuring the medical marijuana industry is treated like any other business.

The legislation was supported by Republican Reps. Dana Rohrabacher (CA) and Ron Paul (TX).

The Small Business Tax Equity Act, introduced by Stark, authorizes medical marijuana dispensaries to take the full range of business expense deductions on their federal tax returns, like other legal businesses are allowed to.

“Our tax code undercuts legal medical marijuana dispensaries by preventing them from taking all the deductions allowed for other small businesses,” Stark stated.

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Will Big Pharma Take Over The American Market For Medical Marijuana?

MedMarjIf the hundreds of uses for cannabis doesn’t plead the case for its legalization, the money made from its medical industry just might do it. The Washington Independent reports:

The American Independent has previously reported on the growing corporatization of the incipient medical marijuana industry at a time when medical marijuana dispensaries scrabble to hold on to their businesses in the face of a multi-pronged federal crackdown. But there are signs afoot that it just may become ever more corporate if a Big Pharma push to get the U.S. Food and Drug Administration to recognize a cannabis-derived drug is successful.

Last week, British prescription drug manufacturer GW Pharmaceuticals announced a licensing agreement with drug giant Novartis, maker of Ritalin and Excedrin, to begin selling GW’s drug Sativex in markets across Asia, Africa, Oceania and the Middle East. The medication is already available in Britain, where it’s produced and marketed by Bayer, and in Canada and Spain.

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Dutch Government Pushes Tourist Ban In Cannabis Coffeeshops

If you’d like to experience Amsterdam’s famous coffee shops, I suggest booking your flight soon. From Reuters:

The Dutch government said on Wednesday it wanted to ban tourists from buying cannabis in “coffee shops,” where hash is on sale legally, as part of a national crackdown on drug use.

The government, which took office last month, has agreed to limit the sale of cannabis to Dutch residents to curb crime linked to its production and trading.

The Netherlands has one of Europe’s most liberal soft drug policies and its coffee shops are a popular tourist attraction, especially in Amsterdam and border cities near Belgium and Germany.

But some cities near the border with Belgium have clamped down on drug tourism, and the Dutch minister for security and justice confirmed Wednesday a wider crackdown after coalition parties agreed to push for a ban in September.

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