Marijuana Debate Goes Mainstream
Pot's tipping point.
Published: January 29, 2014
More government movement: It wasn’t just Obama speaking up positively about marijuana law reform recently. Texas Gov. Rick Perry, a presumed Republican candidate for president in 2016, touted his “policies that start us toward a decriminalization” of marijuana at the World Economic Forum last week. Similarly, embattled Republican New Jersey Governor Chris Christie referred to ending the failed war on drugs in his State of the State address. Also, Attorney General Eric Holder announced that new regulations that allow banks to do business with legal marijuana shops are in the works. Banks have avoided doing business with legal dispensaries in medical marijuana states due to fear of getting charged under money-laundering laws, but licensed pot retailers in Colorado have forced the feds to clear up the issue. This is a next step in marijuana business development, because it opens up banking and loan services to prospective ganjapreneurs.
So to quote an old Merle Haggard tune, “Have you ever been down to Colorado? I spend a lot of time there in my mind.”
> Email Larry Gabriel