Medical Marijuana Business Attracts Hedge Funds, Venture Capitalists

Marijuana has been a cash crop for many years in this country. The only problem is that most of that crop had been grown illegally. Now, that medical marijuana is legal in 15 states and the District of Columbia, legalized marijuana has quickly become so popular it is attracting attention from hedge fund managers and venture capitalists, not to mention a whole new batch of entrepreneurs.

Doctors still can’t prescribe marijuana because it is categorized as a schedule one drug like LSD. But they can recommend it and that’s all anyone needs to get a medical marijuana license that allows them to buy marijuana legally in those 15 states, with three more states about join them.

Each license sells for around $130 and some clinics selling the licenses have brought in more than a million dollars in just their first year. The once illegal joint is selling like hot cakes throughout middle America to consumers who no longer have to worry about getting arrested for possession, at least by local or state authorities.

The federal government still outlaws marijuana possession but it’s unlikely someone with a medical marijuana license will be busted by an FBI or DEA agent if caught smoking in his or her own home. In fact, just last year U.S. enforcers promised to leave medical marijuana operations alone if they complied with state law.

That prompted a significant increase in interest among entrepreneurs. Today, there are an estimated 2,400 medical marijuana dispensaries from California to Maine. In Colorado, they outnumber Starbucks two to one.

 

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Rep. Lewis passed over for powerful chairmanship

Republicans passed over  Rep. Jerry Lewis in favor of a veteran Kentucky lawmaker Wednesday to chair the powerful House Appropriations Committee.

The party’s steering committee rejected Lewis’s request to waive term limits that bar him from reclaiming the post he held when Republicans last held the majority.

The decision deprives Lewis of a position that would have given him control over the federal government’s purse strings and a heightened ability to direct millions of dollars to his home district, which includes some of the Pass area.

See also: CREW’s Most Corrupt: Rep. Jerry Lewis

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Mexicans Say U.S. Drug Crackdown Feeds Violence

Washington, DC, United States (AHN) – A Mexican law enforcement agency is blaming recent violence along the border in large part to a U.S. crackdown on drug traffickers, prompting skepticism from American government agencies.

Mexico’s Secretariat of Public Security (Secretaría de Seguridad Pública) reported that in the past six months the value of cocaine in Mexico has escalated from $431 million to $811 million because fewer of the illegal shipments are making their way into the United States since Barack Obama assumed the presidency.

Obama administration anti-drug efforts have included sending an additional 400 Department of Homeland Security agents to the border, which included specialists from the Drug Enforcement Administration.

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A little brain food for the perpetually Recovering City of Big Bear Lake Council and other prostitutes of the Prison-Industrial Complex

Big Bear’s Out, Aspen’s in Cannabis competition coming to Aspen this spring aims to find out

[ Don't waste your time in the Recovering Big Bear, where the Nazi Republican pigs are stinking, business sucks and attitudes offend visitors.  Big Bear is now devoted to AA and urine samples.  Let's head for Aspen! ]

ASPEN, Colo. (AP) — It’s like a beer competition for marijuana.

A cannabis festival in Aspen, Colorado, this spring will be the first in the state for approved growers to put their strains in a contest.

The Western Slope Cannabis Crown will have about 50 medical marijuana growers enter their strains of weed. The marijuana strains will be diagnostically tested for their THC levels. Growers will also be able to sell to medical marijuana patients. The customers would vote on a “people’s choice” strain.

The Cannabis Crown organizer, Bobby Scurlock, says about 1,500 tickets have been sold for the two-day event.

Meth hype by DEA Agent, prosecutor, gets life sentence overturned

Some 3-1/2 years ago I highlighted a case out of my hometown in Tyler, Texas, where

two newlyweds were sentenced to life in prison for possessing 255 grams of meth. A Drug Enforcement Administration agent testified at trial that 255 grams was enough to get 45,000 people “high” — “If those people were lined up side by side, they would form a line from downtown Tyler to Bullard about 17 miles, he said.”

Last month the Texas Court of Criminal Appeals overturned punishment phase of the trial – on grounds of ineffective assistance of counsel because the defendant’s lawyer failed to object to testimony by a DEA Agent Downing (first name omitted), as well as for failing to call an expert witness to rebut the absurdist claims about 255 grams of meth getting 45,000 people high..

The court also found the prosecutor in the case made prejudicial arguments during closing by telling the jury that “[p]eople are bringing [methamphetamine] through our county to its destination: Our kids and our family members, so it will poison them and turn them into addicts.” As I pointed out at the time:

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Jury selection begins in trial of Ohio DEA agent

CLEVELAND — Jury selection began Wednesday in the trial of a federal drug agent charged with framing 17 people in a case that could influence the way confidential informants are handled.

Prospective jurors crowded the courtroom of U.S. District Judge Solomon Oliver Jr. for the opening of the government’s case against Lee Lucas, 41. Lucas, a 19-year U.S. Drug Enforcement Administration veteran, sat between his two defense attorneys and took notes, watching prospective jurors as they responded to the judge’s questions.

The trial is expected to last several weeks.

Lucas, whose work included a stint in Bolivia fighting drug traffickers, faces 18 charges including obstruction of justice, making a false statement, perjury and violating civil rights. If convicted, he could face more than five years in prison.

Lucas, who was turned aside interview requests, has pleaded not guilty. He is on administrative leave.

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