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LEGAL ALERT: Highly Anticipated Cannabis Case Decided By AZ Supreme Court
LEGAL ALERT: Arizona Supreme Court Decides ‘Medical Marijuana’ Includes Extracted Resin
The highly anticipated Arizona Supreme Court opinion in State of Arizona v. Rodney Christopher Jones has been released: By a unanimous 7-0 vote, the Court held on Tuesday that “marijuana”, as used in the Arizona Medical Marijuana Act (“AMMA”) approved by voters in 2010, includes the plant’s dried-leaf/flower form and its extracted resin, including hashish.
What does the Court’s decision mean for the medical marijuana community? It means registered qualifying patients in Arizona no longer have to worry about being convicted under Arizona criminal code for possessing allowable amounts of cannabis resin in compliance with the AMMA.
Changes in Cannabis Banking: What You Need to Know
Posted by Kevin Merritt
Since medical marijuana became legal in Arizona in 2010, operators in the industry have faced significant challenges in cash management and banking. At the time, effectively every financial institution refused to provide any services, since marijuana is still a Schedule 1 prohibited substance under federal law, with stiff penalties for possession, distribution and sale. As the result of that classification, every financial transaction involving the proceeds of the cannabis industry can arguably be considered money laundering under federal law. Times are changing, however…
As the legal landscape across the country has evolved, with 33 states now allowing either medical or recreational use of cannabis, the banking industry is starting to follow suit.
Arizona Supreme Court accepts review of medical marijuana case
Author: Tim Forsman
Issue: January 16, 2018
On June 6, 2018, the Arizona Court of Appeals decided State v. Jones in a contested 2-1 decision that left Arizona’s medical cannabis regime in a state of limbo. Rodney Jones was a registered qualifying patient under the Arizona Medical Marijuana Act (“AMMA”), which meant that he was allowed to possess up to 2.5 ounces of marijuana under State law. Despite his status as a registered cardholder, Mr. Jones was arrested in Yavapai County and charged with possession with a small quantity of processed cannabis resin commonly known as hashish.
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