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California Medical Marijuana Regulation Bill Dies In Committee

In a little noticed but significant provision, SB1262 would also permit the nearly $2 billion medical marijuana industry to turn a profit. As the East Bay Express reported, current guidelines, crafted in 2008, required medical pot collectives to “operate as ‘not-for-profit’ enterprises.” The rule has become a legal sticking point in recent years as arrests, raids and prison sentences have depended on charges of “profit-making.” - See more at: http://calwatchdog.com/2014/08/21/new-ca-pot-bill-snuffed-out/#sthash.xftZJBmk.dpuf