When Bob Dylan Turned the Beatles On To Marijuana – Martin A. Lee

After the Beatles got into grass, they began to think of themselves as artists, not just performers. The herb triggered a creative surge that altered their approach to writing and recording songs.

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Source: When Bob Dylan Turned the Beatles On To Marijuana – Reality Sandwich

Is “kosher” cannabis Israel’s next big export?

Israel’s fast-growing cannabis industry has high hopes for a new market — exports of medical marijuana to America.

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Source: Is “kosher” cannabis Israel’s next big export? | KRON4.com

John Kasich Explains “The Problem with Marijuana” – Nick Gillespie

“The problem with marijuana is this,” Ohio Gov. John Kasich explained to Stephen Colbert on The Late Show the other night, “We don’t want to tell our kids ‘don’t do drugs, but by they way, this one is OK.”

To which Colbert responded quite plainly and convincingly, “Isn’t that what alcohol is?”

Kasich, who opposed Issue 3, the failed constitutional amendment that would have legalized pot in the Buckeye State, literally waves off the statement and then launches into a story about a 21-year-old kid in Mississippi who killed himself over drug addiction.

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Source: John Kasich Explains “The Problem with Marijuana” – Hit & Run : Reason.com

 Drone Deliveries are Making Cannabis Rain from the Heavens – Rebecca Kelly

Drones are becoming a hot topic lately, and it seems as if everyone is trying to slice themselves a piece of sky pie. Even the cannabis industry is getting into the drone game.

Source: Weekend Weirdness: Drone Deliveries are Making Cannabis Rain from the Heavens – Leafly

Marijuana Credit Union Still Waiting for the Fed’s Approval – Jacob Sullum

The New York Times reports that the Fourth Corner Credit Union, a budding financial institution in Denver that plans to serve the cannabis industry, is still waiting for Federal Reserve approval nearly three months after applying for a master account, which is necessary for check cashing and money transfers. Usually the Fed’s approval is routine and comes within days, which suggests that Fourth Corner’s raison d’etre—providing much-needed banking services to businesses that traditional financial institutions shun because of legal concerns—may prevent it from getting the clearance it needs to perform that function.

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Fourth Corner, whose board includes cannabis entrepreneurs and a Denver city councilman, received a state charter in December and has applied for deposit insurance from the National Credit Union Administration (NCUA), the federal agency that insures most credit unions. If the NCUA says no, Fourth Corner plans to obtain private deposit insurance. But there is no alternative to the Federal Reserve for gaining access to the financial network that would enable Fourth Corner’s members to make electronic payments and write checks that can be cashed at other financial institutions.

A month ago Fourth Corner received a letter from Esther George, president of the Federal Reserve Bank of Kansas City. According to the Times, “The letter stated that issuance of a master account was ‘within the Reserve Bank’s discretion’ and required the Fed to identify the risks ‘posed by such a financial institution.'” Presumably those risks are the same ones that have deterred most banks from serving state-licensed cannabusinesses: Since marijuana is still banned by federal law, merely accepting such customers implicates financial institutions in money laundering and various other felonies. There is also the risk of a federal crackdown on the marijuana merchants themselves, in the course of which the government might seize their deposits, which for a financial institution like Fourth Corner would be a death sentence. Apart from the potential criminal liabilty, all this legal uncertainty raises the sort of “safety and soundness” issues that tend to alarm federal regulators.

Read the rest via Marijuana Credit Union Still Waiting for the Fed’s Approval – Hit & Run : Reason.com.