This report outlines the implementation of the 2012 Colorado Amendment 64 which required the state to create a legal regulatory system for cannabis. The author, John Hudak is a fellow in Governance Studies and Management for the Brookings Center for Effective Public Management. Read the Full Report here
by Eric Sterling
“The drug war is weakening state institutions, infiltrating judicial systems and undermining rule of law,” all of which is bad for business, César Zamora, Nicaraguan businessman and vice president of the Association of American Chambers of Commerce in Latin America (AACCLA) told the Christian Science Monitor on February 16, 2012.
A criminal cancer is spreading.. Read the full article here
By Eric Sterling
If you are an American capitalist, our drug policy hurts you. The return on your investments is reduced. Your expenses are higher than they need to be. The taxes you pay are higher than they ought to be. You face competitors who are financed by criminals enriched by our drug policy.
If you are an American, the crime created by drug prohibition takes money out of your pocket every day.
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One estimate says if Amendment 2 passes Florida could need as many as 1,800 dispensaries. The passage of the Compassionate Medical Cannabis Act of 2014 set stage for the first five to be vertically integrated to include cultivation, manufacture, and distribution on one property. Click here to sign up for a special list for those interested in the Industry.
The final hurdle to legitimize the cannabis marketplace is banking. Money-laundering statutes make handling the proceeds of illegal drug sales a big no-no for banks. Federal banking guidelines released on February 14, 2014 are a sweet-heart gift for the blooming cannabis industry. The Department of Treasury memo clarifies questions by banks regarding money laundering statutes. The memo allows state-based cannabis businesses to obtain credit, process charge cards and transition from all cash businesses. Read the memo for yourself.
Florida CAN supports a vigorous cannabis economy that meets the unique needs of patients, while embracing the recreational, ritual and industrial uses of the plant. A regulated market is a source of jobs, a source of tax revenue and it takes the underground economy and brings it into the sunshine. Endorse the Plan
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