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Shield Banks that Deal with Medical Marijuana Industry: The Federal Government Should Clearly State That Banks Won't Be Targeted for Doing Business with Legal Pot Producers (Opinion)

The Denver Post opines that as Colorado embarks on the laborious process of writing rules for the medical marijuana industry, it is clear that regulators would be in a much better position to enforce the complex new law if they had banking records to review. Unfortunately, that is becoming more difficult as banks, concerned that marijuana is still illegal under federal law, shy away from holding accounts for medical marijuana businesses.
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flag of Mexico

Drug Legalization Debate Erupts in Mexico

You can't call it a fringe idea when heads of state are bringing it up. Following Mexican President Felipe Calderon's call for a debate about legalizing drugs, his predecessor Vicente Fox is going a step further and calling for outright legalization.

Mexico Drug War Update

Thousands of journalists marched in Mexico City to protest the killing, intimidation and harassment of journalists in the drug wars. Meanwhile the rivers of blood keep flowing, with no end in sight.

Boulder's Medical Marijuana Shops Struggle with 'grueling' Paperwork

Following legislation passed earlier this year, medical marijuana businesses in Colorado must apply for operating licenses through both the state and the municipalities in which they operate. As of today, none of the estimated 100 dispensaries and greenhouses doing business in Boulder has turned in a completed application, which some business owners say is lengthy, complicated and expensive to put together.

Even Drug Dealers Have to Pay Taxes

In some states drug dealers have to pay taxes on their drugs. If they don't in South Carolina, they can be fined up to $10,000 and get up to five years in prison. Perhaps the state needs to get the word out better -- in fiscal year 2007-2008, the South Carolina Department of Revenue collected only $214.