Risky Business, Even in Pot-Friendly States

Whether the grower is licensed or not, pot is still a risky business in states that have approved its use for medicinal purposes.

Take California. While the state has had medical marijuana dispensaries for more than 15 years, it remains a target for federal law enforcement officials, where the U.S. Drug Enforcement Administration arrested nearly 8,500 people for marijuana-related offenses between 2004 and 2010.

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New Jersey Gets Ready to Roll

More than two years after New Jersey approved a measure to legalize marijuana for chronically ill patients, the program may finally be on the verge of rolling out.

Officials say sales of the drug could be available by mid-summer. That date comes with a few caveats, though, and it’s a lot later than the initial estimate of September 2010. Repeated setbacks have frustrated both patients and companies that hope to sell medical marijuana.

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Where There’s Smoke, There’s Fire

When federal officials raided a San Francisco Bay-area medical marijuana training school in April, it sparked outrage among supporters of the program and ruffled feathers of local officials.

The shutdown of Oaksterdam University, though, was yet another in an ongoing dispute between federal and local officials on the topic of legalized marijuana. It’s one that has been escalating over the past year — but so far discussions between the state and feds have been rare.

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As Medical Marijuana Proliferates, Pot Prices Decline Nationwide

Recreational users of marijuana are seeing price cuts on the street thanks to the growing number of states that have approved the drug for medicinal use.

The price of cannabis, of course, varies wildly—depending on the strain purchased, its potency and the parts of the plant. Top quality pot in New York, for example, costs nearly $442 per ounce, while low quality is just $161, according to one website that tracks costs, PriceofWeed.com.

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