Excerpt
When Colorado and Washington state both voted in 2012 to legalize marijuana for recreational use, the jokes poured in (even Colorado’s governor said voters couldn’t break out the “Cheetos or Goldfish just yet”). But the policy puzzles and debates over the pros and cons of marijuana legalization that followed have been no laughing matter. Since those votes, 11 states and the District of Columbia have legalized marijuana for adult recreational use. Thirty-three states allow it for medical uses …
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Foreword
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The Marijuana Policy Gap
More States Allow Medical and Recreational Use of Cannabis
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Federal and State Marijuana Enforcement
Department of Justice and State Legalization of Cannabis
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Where Marijuana Is Legal
State Actions on Legalization and Decriminalization of Cannabis
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Marijuana-Related Business and the Financial Crimes Enforcement Network (FinCEN)
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The Cannabis Banking Problem
A Cautionary Court Case on Marijuana Banking
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Legislative Background on Marijuana Banking
The Secure and Fair Enforcement (SAFE) Banking Act (H.R. 1595)
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Pros and Cons of Banning Stock Trading in Congress
Preventing insider trading versus protecting the free-market economy
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Pros & Cons of Tip Regulation
DOL’s Proposed Rule on Tip Regulations Under the FLSA
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Pros & Cons of Drug Imports from Canada
Federal and State Importation Proposals to Lower Drug Costs
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Pros and Cons of Banning Stock Trading in Congress
Preventing insider trading versus protecting the free-market economy
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Pro & Con
Should Congress Allow Financial Institutions to Provide Banking Services to Marijuana Businesses?