It looks like the California cannabis industry will remain largely a cash enterprise for the foreseeable future. The 18-member Cannabis Banking Working Group chaired by State Treasurer John Chiang issued a 151-page report detailing why creating a public banking system to accommodate the legal weed industry would be so expensive, difficult and legally iffy that […]
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Huffman Urges DOJ to Clarify Stance on Pot Advertising
North Coast Congressman Jared Huffman is urging the Department of Justice to rebuff the U.S. Postal Service’s requests and publicly state that it won’t prosecute businesses who are mailing advertisements for marijuana but are acting in line with state law. Huffman joined seven of his colleagues in penning a letter to U.S. Attorney General Loretta […]
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Huffman Urges Obama to Reclassify Marijuana
North Coast Congressman Jared Huffman, D-San Rafael, joined 17 of his cohorts today in sending a letter to President Barack Obama urging him to reschedule marijuana under the Controlled Substance Act. Currently, marijuana is classified as a Schedule I controlled substance under the act, putting it in the same category under federal law as heroin, […]