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source: NYPost

A group of rap-star wannabes blew a $130,000 marketing loan on drugs, first-class airplane tickets and cross-country trips to entertainment festivals — where they weren’t even performing, a new Manhattan lawsuit claims.

While Bronx-based Da YoungFellaz, who have rhymed with Talib Kweli and Snoop Dogg, boast on their Web site that they “haven’t just sat around and waited for fame to land in their lap,” their legal adversaries tell a very different story.

StigmaSound, a Manhattan recording studio, says YoungFellaz Joseph Aguiar, Johnny Aguiar and Brett Officer blew through their first $25,000 loan, meant to rocket the group “toward A-level stardom in the entertainment industry,” in just three months by last October.

“The defendants used loan money . . . for illegal purchases of marijuana,” the Manhattan Supreme Court suit alleges. Read More

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Marijuana accounted for 99.5 percent of Border Patrol drug seizures by weight at the U.S.-Mexico border in 2011, according to an analysis by Center for Investigative Reporting in California, which compiled the information into to an interactive map on its website.

The Border Patrol seized at least 1.9 million pounds of marijuana on the U.S.-Mexico border in 2011. Second place goes to cocaine, with just 7,461 pounds seized.

Of the 113,664 thousands drug seizures analyzed by the Center for Investigative Reporting from 2005 to 2011, nearly 89 percent involved marijuana. Cocaine trailed far behind, with just 7.4 percent.

Government could save $13.7 Billion Per Year by legalizing Marijuana, according to Economist.

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CARSON CITY, Nev. — After 13 years of waiting, medical marijuana patients in Nevada will soon have a legal way to obtain the drug without growing it themselves.

Republican Gov. Brian Sandoval signed SB374 into law Wednesday evening. The measure establishes the framework to make pot available to medical marijuana card holders, and imposes fees and requirements for growers, processors and dispensaries. It also contains provisions to continue to allow home-growing until 2016.

The tax revenue created will first fund the regulation of the dispensaries. Any remaining revenue will be funneled to education.

According to the National Conference on State Legislatures, Nevada is the 14th state to legalize medical marijuana dispensaries, and one of 19 states to allow medicinal pot, along with the District of Columbia.

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Authorities Bust National Drug Ring That Brought in $30,000 Weekly

photo by NBC San Diego

Three men in Pacific Beach, CA were arrested as part of a marijuana-trafficking ring that extended to multiple states. The bust was part of a yearlong investigation by U.S. Postal Service and the Southwest Border Anti-Money Laundering Unit, and the three bosses were accused of shipping between 10 and 20 pounds of weed to customers everywhere from Texas to Massachusetts. Investigators say the operation netted the men about $20,000 to $30,000 a week.

The trio—28-year-old Matthew Schneider, 25-year-old Kyle Gillen and 24-year-old Chris Gillen—was arrested on Wednesday. Authorities recovered 300 marijuana plants and $500,000 in assets including cars, an SKS rifle and shotgun and $35,000 in cash. All three of them have been charged with selling and transporting marijuana, conspiracy and money laundering.

source

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One of the men who helped start Roc-A-Fella Records along with Dame Dash and Jay-Z could be spending the next 40 years in a federal prison.

Kareem “Biggs” Burke pleaded guilty Thursday [March 15] to a single federal count of conspiracy to distribute, and to possess with intent to distribute more than 100 kilos of weed according to NorthJersey.com.

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For the first time on television, a weekly series takes an up close and personal look at the controversial business of medicinal cannabis as WEED WARS premieres in a simulcast on Thursday, December 1 at 10PM E/P on Discovery Channel and Discovery Fit & Health .

WEED WARS follows Oakland’s Harborside Health Center, the nation’s largest medicinal cannabis dispensary serving over 94,000 patients. The man behind Harborside is founder and executive director Steve DeAngelo whose mission is to provide the best possible product to his diverse client base of patients while using his business to educate the rest of the country about the full regulation and taxation of medicinal cannabis.

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