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New lobbying powerhouse in DC: 'Big Marijuana

Marijuana starts stand on a shelf during the grand opening of the Seattle location of the Northwest Cannabis Market, for sales of medical marijuana products, Wednesday, Feb. 13, 2013. The market hosts nine permanent vendors for seven-day-a-week sales, as well as daily vendors of a variety dried medicines, edible products and starts. Voters in Washington state last fall passed Initiative 502, which legalizes the recreational possession of up to an ounce of marijuana and calls for the creation of state-licensed pot growers, processors and retail stores. Recreational marijuana sales are expected to begin late this year, and in the meantime, the state s medical marijuana industry continues to operate. Credit: AP

As described by Politico, the so-called "Big Marijuana" lobby is fighting against legalization, much to the chagrin of hippies (and free-market libertarians) everywhere:

Medical marijuana is a billion-dollar industry — legal in 18 states, including California, Nevada, Oregon and Maine — and like any entrenched business, it’s fighting to keep what it has and shut out competitors. Dispensary owners, trade associations and groups representing the industry are deeply concerned — and in some cases actively fighting — ballot initiatives and legislation that could wreck their business model.

That pits them against full legalization advocates, who have been hoping to play off wins at the ballot box last fall in Colorado and Washington state that established some of the most permissive pot laws in the world. Activists are hoping to pass full legalization measures in six more states by 2016.

From the point of view of dispensary owners, legalization laws — depending on how they’re written — can have little immediate upside and offer plenty of reasons for concern. For one, their businesses — still illegal under federal law — benefit from exclusive monopolies on the right to sell legal pot, but state measures still don’t end the risks of an FBI raid or Internal Revenue Service audit. Meanwhile, those same federal laws that prohibit growing, selling and using keep pot prices high.

One last thing…
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