Tuesday, December 20, 2011

Medical Marijuana: Advantages And Disadvantages

What is very intriguing with medical marijuana which makes it a controversial topic? Why is the distribution of cannabis to doctor approved patients now facing restrictions despite of its decriminalization is a few states way back? For the loyal supporters of such intriguing business and for the ones who wishes the legalization of its cessation, there might have existed a small issue on what can be allowed and disallowed by the state.

LA Lottery Over

After California permitted the controversial sale of medical marijuana, it consequently urged  800 storefronts  to open and serve as public dispensaries.  Ordinances on the other hand ordered the closure of 439 stored by June 7 out of the 439 last May of 2010. Due to proximity to the public especially children in parks and schools and unmet registration deadlines prompted authorities to close these stores.

The aftermath  involved a citywide lottery for the remaining unclosed dispensaries. Specifications like dispensaries and collectives which initially started from Sept. 14, 2007 together with its retention were promoted for the lottery. Owners of the other 140 stores were informed by LA officials to shut down to settle to only 100 dispensaries within the city.

How did the situation shifted drastically knowing that the state still collected sales tax from these medical marijuana cooperatives and dispensaries as well?

New Mexico: No Measure Yet

A motion to revoke the medical marijuana legislation is being brought up by Governor Susana Martinez - R of New Mexico to refute the voters this year. Party lines are obviously observed here. House Memorial 53 encouraged the Department of Health to conduct an impact study on medical marijuana usage in replacement of the bill sponsored by Rep. James Smith - R. The residents of New mexico can nevertheless obtain medical marijuana legally as of the moment.

Business Restrictions

Though the opening of los angeles dispensaries has been decriminalized, this hasn't provided the cure to the never-ending to issues regarding business transactions. These dispensary must  function on a "cash only" basis to avoid any conflict with acquiring the  needed commercial accounts, merchant accounts and insurance coverage. Worded applications imposed on medical marijuana as  "supplements" and "health care accessories" are being red flagged.

The quandary includes these banks and other financial institutions. Dealing with medical marijuana is dramatically a huge market where there is an obvious difficulty in obtaining needed accounts due to possible federal prosecution.

One thought has emerged: standards are to be constructed not only relating to the ones having a bailiwick  over the sale of marijuana for medical purposes, but whether or not these eager business holders  with the actual purveyors will be secured from unmerited punishments.

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