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Colorado seeks new pot classification

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Colorado has become the third state to ask the U.S. Drug Enforcement Administration to reclassify marijuana in a way that allows doctors to prescribe it as a medical treatment. The state asked the Drug Enforcement Administration to reclassify marijuana from Schedule 1, a category that includes heroin, to Schedule 2. The change would allow doctors… Continue Reading Colorado seeks new pot classification

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Judges tosses case against MMJ doctor

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For the second time this year, a judge has dismissed a criminal case against a doctor accused of writing medical marijuana recommendations without giving physical examinations. Arapahoe County District Judge Carlos Samour dismissed charges of conspiracy to distribute marijuana, forgery and attempting to influence a public servant against Dr. Manuel Aquino-Villaman. The judge ruled that… Continue Reading Judges tosses case against MMJ doctor

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More than 4,200 medical marijuana applications have been delayed while the state Department of Health investigates fraudulent physician certification forms. The forms were received between Sept. 5 and Dec. 5 of this year, the department said. The inquiry came from the police, who were present in two locations where applicants were being seen by someone… Continue Reading Potential fraud delays medical marijuana applications

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Banking could be marijuana’s death knell

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Colorado Springs medical marijuana business owners are desperately writing letters to every bank in the country asking if they will accept their business. About 150 dispensary owners across the state are searching for a bank that will take their accounts, said Tanya Garduno, president of the Colorado Springs Medical Cannabis Council and owner of Medical… Continue Reading Banking could be marijuana’s death knell

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Hotels saw the biggest leap in sales tax collected in October over the previous month, according the city’s October sales and use tax report. Hotels saw a 20.9 percent increase in tax collections. The Lodger’s and Auto Rental Tax collection was up 11 percent over last October, which really represents all of the activity through… Continue Reading Springs’ sales and use tax collections slightly higher than projected

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Pot shops forced to stash their cash

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Colorado Springs marijuana dispensary owners might resort to stuffing their money in mattresses if no changes are made to federal regulations that bar banks from doing business with them. In recent weeks, dispensaries across the state received notice from Colorado Springs State Bank that they have until Sept. 30 to clear out their accounts. The… Continue Reading Pot shops forced to stash their cash

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The Colorado Department of Public Health and Environment might reduce its medical marijuana registration fee. The department is considering dropping the fee from $90 to $35, a move that would more accurately reflect the direct and indirect costs associated with managing the registry. In summary, the department assumes that 120,000 people will apply to the… Continue Reading State might reduce marijuana patient-registration fee

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The medical marijuana industry believes offering penny stocks to investors is the path to legitimacy and growth. Investment analysts call that a half-baked idea. A handful of medical marijuana companies sell stock on the Pink Sheets, the unofficial name for stocks that sell over the counter, with prices usually below $2. The stocks are not… Continue Reading Marijuana companies now offering penny stocks

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A Colorado medical marijuana company and its owner have received a final cease and desist order from the Colorado Division of Securities. Colorado Wellness Providers and Charles E. Perry, both of Fort Collins, were named in the order, which alleges Perry sought to raise capital from investors for the medical marijuana industry and advertised on… Continue Reading Medical marijuana company issued cease order from Securities Division

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The American Civil Liberties Union is appealing a decision that dismissed its lawsuit against a Michigan Wal-Mart for firing an employee for using medical marijuana. U.S. District Court Judge Robert Jonker said Michigan’s medical marijuana law does not mandate that businesses make accommodations for employees. Joseph Casias was using marijuana to treat pain related to… Continue Reading ACLU to appeal medical marijuana case

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