Why Potential Marijuana Investors Should Study Wiretapping

Posted on August 7, 2014. Filed under: CIVIL RIGHTS, Corporate Cannabis, LATEST NEWS, NSA, DHS, FBI, Cyber Security, Spying | Tags: , , , , , , , , , , |


Rich Smith       Aug 4th 2014 9:22AM

Once upon a time, AT&T (T) urged its customers to "reach out and touch someone" with a long-distance phone call (which Ma Bell could charge extra for at the time). Those were simpler times.
Today, in our post-9/11 world, if you reach out by phone, you may end up touching more people than you bargain for. And those people may have guns, badges and court-approved wiretap warrants.

Top States for Wiretapping
This is especially true in Nevada, Colorado, California and New York. A recent report by the Administrative Office of U.S. Courts said these four states issue the majority of wiretap authorizations in America (measured proportionate to their populations):

  • Nevada authorized 38.2 wiretap authorizations per 500,000 residents
  • Colorado authorized 12.4 per 500,000
  • California authorized 11.7 per 500,000
  • And New York State authorized 10.7 per 500,000

Rounding out the top 10 states for state-sanctioned wiretapping are Arizona, Georgia, Kentucky, Maine, Missouri and New Jersey — in that order. In each state, state and federal law enforcement sought and received authorizations to conduct more than six wiretaps per 500,000 residents. (In case you were wondering, that office points out that it is not authorized to collect and report data on NSA wiretaps regulated by the Foreign Intelligence Surveillance Act of 1978).
According to Pew Research, which analyzed the report, 90 percent of the wiretaps authorized in 2013 were authorized to investigate "criminal drug-related offenses."
The 3,576 total wiretaps authorized resulted in 3,744 arrests (more than the number of wiretaps authorized). But the conviction rate from these wiretaps was less than 19 percent — just 709 convictions. (Curiously, AO also notes that in all of 2013, only one application for a wiretap was turned down.)
If that sounds bad, it is. According to a 2010 annual statistical report filed by the Justice Department’s Executive Office for United States Attorneys, the average conviction rate in the federal criminal judicial system for that year was 93 percent.

What It Means to Investors
But we digress. To find out how all of this may be relevant to investors, let’s return to the 90 percent figure. You’ll notice that while Nevada is the No. 1 state for wiretapping, No. 2 is Colorado — a state which in January decriminalized the recreational use of marijuana.
Now, there’s been a lot of talk lately about the opportunities that marijuana legalization — first in Colorado, and more recently in Washington state — might offer for investors. Over the past year, shares of GW Pharmaceuticals (GWPH) have risen more than eight times, and microcap Advanced Cannabis Solutions (CANN) have more than tripled in value. Small cap Medical Marijuana (MJNA) has risen 50 percent.
Still, the fact remains that even if individual states are beginning to move toward legalization, the federal government and its Drug Enforcement Administrationstill consider marijuana an illegal drug, period. Until this changes, the fear of federal prosecution of a state-legal drug therefore still hangs over this industry.
Reading the Tea Leaves at the DEA
What will be our first clue that the DEA has begun backing off enforcement of drug laws in places like Colorado, where the state strictures are loosening? It could be this AO report we’ve been talking about up above. Let’s quickly run back down the list of what we know:

  • Colorado is one of the states most active in issuing state and federal wiretap authorizations.
  • Nine out of 10 such wiretaps concern drug offenses.
  • Colorado no longer finds marijuana as offensive as it used to.

It will be interesting to watch what happens to Colorado’s rank on the list of most frequent wiretappers when the AO issues its report on 2014 wiretap authorizations next summer. If Colorado falls a lot from No. 2, this could mean that law enforcement has decided to back off from prosecuting (at least marijuana-related) drug offenses in the state.
Such a development would bode well for marijuana stocks as more and more states vote to legalize, suggesting the DEA will bow to local interpretations of the drug laws.
If, on the other hand, Colorado continues to rank highly in the wiretap ratings — look out. That will be our first clue that the heat is still on.

Motley Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned either.

CONTINUE READING…

Make a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

  • MARK CHANDLER, ATTY AT LAW

    MARK CHANDLER, ATTORNEY AT LAW markchandlerlaw.com/ call now: 502-589-6190 mark-chandler-profile LOUISVILLE AREA SERVICES
  • CIVIL RIGHTS ATTORNEY

    CIVIL RIGHTS ATTORNEY ALL AREAS OF KENTUCKY William. M Butler Jr. Attorney at Law 200 South 7th Street, Suite 504 Louisville, KY 40202 Telephone: 502-582-2020 FAX: 502-583-8007
  • My Profile!

    ShereeKrider

    Verified Services

    View Full Profile →

  • Interviews at Happiness Hills Farm



  • KCADP

    The Kentucky Coalition to Abolish the Death Penalty needs your contact information: Select this link to sign up

    http://kcadp.org/

    Kentucky Coalition to Abolish the Death Penalty Why abolish the death penalty in Kentucky?

    It's costly.
    It's out of step with modern thinking.
    It's risky.
    It's unfair, broken, and arbitrary.
    It's unnecessary.
    Victims' families deserve better.

  • Kentucky Hemp Coalition

    QUOTE “That's my goal as AG Commissioner to continue to build new markets for new agricultural crops and that industrial hemp is a viable option for Kentucky. We know it will grow well in this climate. Used to be the leading crop in Kentucky,” Agriculture Commissioner James Comer kentuckyhempcoalition. blogspot.com/
  • A Democracy

    "A Democracy is when two wolves

    and a sheep take a vote on what's

    for dinner. A Republic is when the

    sheep is well armed and can beg to

    differ with the vote.

    " Benjamin Franklin"

    22 years ago...
    Marijuana, in its natural form, is one of the safest therapeutically active substances known to man.
    ...
    The judge recommends that the Administrator transfer marijuana from Schedule I to
    Schedule II.

    Francis L. Young
    Administrative Law Judge
    September 6, 1988
    Docket No. 86-22
    UNITED STATES DEPARTMENT OF JUSTICE
    Drug Enforcement Administration
    33 years ago...
    "Penalties against drug use should not be more damaging to an individual than the use of the drug itself. Nowhere is this more clear than in the laws against the possession of marijuana in private for personal use."

    President Jimmy Carter
    Message to Congress
    August 2, 1977

  • Kentucky, “Dark and Dangerous Ground”

    The Dark and Bloody Ground

    The popular belief that the name Kentucky means "Dark and Bloody Ground" is apparently without foundation. Yet through the years, the image has persisted in literary and oral tradition as a description of the Kentucky country.

    One traditional explanation sites Delaware legend in which the ancient tribe of the Lenni-Lanape allied with the Iroquois to fight the Allegewi, the original inhabitants of Kentucky. In a single bloody battle the Allegewi were virtually exterminated. The land where an entire nation had been eradicated became known as the "dark and bloody ground". The violent clashes between the Iroquois and the southern Indians only helped reinforce the image.

    In his book, "Historical Sketches of Kentucky" (1874), Richard H. Collins says that a northern Indian once asked Indian fighter Joseph H. Daveiss how white men could live in land that had seen so much bloodshed. The Indian said that the ghosts of those killed in the Indian wars haunted the land making it dangerous.

    At the execution of the Treaty of Sycamore Shoals the Cherokee Cheif Dragging Canoe is said to have told Col. Richard Henderson that the lands south of the Kentucky river were "bloody ground"and would be "dark and difficult to settle". However Ruben T. Durrett said in his book, "The Centenary of Kentucky"(1892) that the phrase was used to discourage Henderson from purchasing the land.

  • Our Environment

    Toxic chemicals in our environment, such as mercury, lead, and certain manmade chemicals, have been linked to cancer, birth defects and brain impairments. Reducing or eliminating the load of these dangerous chemicals in the products we buy, the air we breathe, the food we eat and the water we drink can help reduce the toll of human disease and suffering.

    http://www.nrdc.org/health/default.asp

  • PLEASE DO NOT USE!

    PLEASE DO NOT USE SO CALLED "SYNTHETIC MARIJUANA" OR "SPICE" SOLD UNDER AN EVER INCREASING VARIETY OF NAMES! IT IS NOT MARIJUANA AT ALL AND I AM INSULTED THAT THE WORDS SYNTHETIC MARIJUANA ARE USED TO DESCRIBE THESE SUBSTANCES! "FAKE DRUGS" WOULD SUFFICE! THEY KILL! PLEASE COPY AND OPEN THE LINK BELOW TO READ ONE STORY ABOUT THESE "FAKE DRUGS"! http://www.therepublic.com/view/story/60e0b41dcfeb4c8896f89c4a7409dc99/KY--Synthetic-Drugs/ PARENTS, WATCH YOUR CHILDREN! BETTER TO OFFER THEM THE REAL THING THAN TAKE A CHANCE ON THEM GETTING A HOLD OF SUCH GOD-AWFUL SUBSTANCES! "...Officials said the powdery substance sold as bath salts mimic the effects of cocaine, ecstasy and LSD. It can be snorted, injected or mixed with drinks for food. The chemicals can cause hallucinations, paranoia, rapid heart rates, violent behavior and suicidal thoughts. Synthetic marijuana contains organic leaves coated with chemicals that provide a marijuana-like high when smoked. The product is marketed under various brands include Spice and K2. The synthetic drugs can be purchased on the Internet and in some tobacco and smoke shops, drug paraphernalia shops, gas stations and convenience stores..." OF NOTE: THESE PRODUCTS ARE MOST OFTEN USED BY THOSE WHO ARE FORCED TO SUBMIT TO "DRUG TESTIING".... THAT IS WHY THAT THEY HAVE BECOME SO POPULAR ALONG WITH THE FACT THAT THEY ARE READILY AVAILABLE FOR SALE TO MINORS - OR SOMEONE WHO WOULD PURCHASE FOR A MINOR. THIS HAS TO STOP!
  • RSS Sen. Mitch McConnell News

    • McConnell plays hardball - The Hill April 17, 2015
      The HillMcConnell plays hardballThe HillSenate Majority Leader Mitch McConnell (R-Ky.) has dug in on Loretta Lynch's nomination to be attorney general, highlighting his willingness to play hardball with the Democratic minority. His maneuvers on Lynch shed light on how he will lead the upper ...Blame Mitch McConnell for the Loretta Lynch gridlockWashingt […]
    • Mitch McConnell - TIME April 16, 2015
      TIMEMitch McConnellTIMEMitch McConnell's mind is a marvelous machine. He sees the whole field, instantly assessing opportunities and perils. He is famous for his dignified reserve on Capitol Hill, but my friend is happiest tailgating at a University of Louisville football ...
    • Senate Democrats Flip Script On Mitch McConnell, Tell All 50 Governors To ... - Huffington Post April 14, 2015
      Senate Democrats Flip Script On Mitch McConnell, Tell All 50 Governors To ...Huffington PostWASHINGTON -- A handful of Senate Democrats are pushing back against a letter Senate Majority Leader Mitch McConnell (R-Ky.) sent to all 50 governors urging them to not comply with the administration's signature climate rule. Last month, McConnell ...and more » […]
    • States Ignoring Mitch McConnell, Working On Clean Power Plan: EPA - Forbes April 12, 2015
      ForbesStates Ignoring Mitch McConnell, Working On Clean Power Plan: EPAForbesLast month Senate Majority Leader Mitch McConnell urged states to ignore the Environmental Protection Agency's Clean Power Plan, but the states are ignoring McConnell and working toward compliance, EPA Admninistrator Gina McCarthy said Friday at the ...The smart answer to Mitch […]
    • Mitch McConnell Says He Will Allow Senate Vote on Ex-Im - Wall Street Journal (blog) April 17, 2015
      Wall Street Journal (blog)Mitch McConnell Says He Will Allow Senate Vote on Ex-ImWall Street Journal (blog)Senate Majority Leader Mitch McConnell (R., Ky.) said he opposes reauthorizing the Export Import Bank, but will allow a vote on the contentious federal agency on the Senate floor later this year. Republicans in recent years have been divided over the .. […]
  • RSS Ron Paul News

    • Ron Paul: Secret scandal will wreck Hillary 'soon' - WND.com April 19, 2015
      Ron Paul: Secret scandal will wreck Hillary 'soon'WND.comsaid Paul, referring to media questions about donors to the Clinton family's charitable organizations. “There's going to be stuff coming out about the Clinton Foundation and their donations from different companies that get special approval from the ...and more »
    • “The Ron Paul of the left”: Why Bernie Sanders is the cranky socialist 2016 needs - Salon April 16, 2015
      Salon“The Ron Paul of the left”: Why Bernie Sanders is the cranky socialist 2016 needsSalonHe's like the Ron Paul of the left, unafraid–even eager–to ruffle feathers in the furtherance of his political beliefs. Unlike Warren — who is a reformer, not a revolutionary – Sanders would deliver a full-throated call for an end to the “ruling class ...and more  […]
    • Ron Paul supporters bolt Rand Paul camp - Politico March 26, 2015
      PoliticoRon Paul supporters bolt Rand Paul campPoliticoThat network of committed supporters was expected to convey to Paul, the natural successor to Ron Paul's libertarian movement, providing him with a plug-and-play ground organization in the make-or-break early voting states. But instead of embracing the ...Ron Paul supporters turn their backs on Rand […]
    • Ron Paul to Newsmax TV: Immigration Fix Unlikely Soon - Newsmax April 17, 2015
      Ron Paul to Newsmax TV: Immigration Fix Unlikely SoonNewsmaxThe immigration crisis pitting the Obama administration against 26 states may not ease until the country has a Republican president — and even then politicians could still prefer the status quo, former Rep. Ron Paul of Texas told Newsmax TV on Friday.and more »
    • Ron Paul Is Expected to Play Little Role in Rand Paul's Campaign - New York Times April 6, 2015
      New York TimesRon Paul Is Expected to Play Little Role in Rand Paul's CampaignNew York TimesBut don't expect to see much of Ron Paul in his son's presidential campaign. On Tuesday, when Senator Rand Paul of Kentucky is expected to announce his candidacy for the 2016 Republican nomination at a rally here, his father, Ron, the former Texas ...Ro […]
  • RSS Kentucky.Gov Press Releases

  • RSS Kentucky.Gov News

    • Secretary Grimes Recognizes Clark Moores Middle School Student in 26th Annual Slogan Contest April 17, 2015
      Today, Secretary of State Alison Grimes recognized Lauryn Robinson, a Clark Moores Middle School student, for finishing in second place in the Secretary of State’s 26th Annual Slogan Contest. Robinson’s submission, “If you want to fight for what is right, vote vote vote!” was chosen by the public to help promote voting in Kentucky. Robinson received a $600 c […]
    • Appoints New Executive Director April 17, 2015
      The Kentucky Registry of Election Finance has appointed John R. Steffen as Executive Director. Steffen currently serves as the Executive Director of the Kentucky Executive Branch Ethics Commission, where he also served as General Counsel from 2004-2008. Rebecca Feland, Interim Executive DirectorRegistry of Election Finance140 Walnut StreetFrankfort, KY 40601 […]
    • Attorney General Conway Announces Arraignment of Former Louisville Caregiver for Abuse April 17, 2015
      Julienne Lesa, 27, of Louisville was a caregiver at the Bingham House, a Louisville facility that provides services for individuals with intellectual disabilities. In 2014, she allegedly struck a 19-year-old special needs resident in the face with an open hand. Leland HulbertDeputy Communications Director502-696-5659
    • Gov. Beshear Orders Flags to Half-staff on April 20 April 17, 2015
      Governor Steve Beshear has directed that flags at all state office buildings be lowered to half-staff Monday, April 20, in honor of Spc. John M. Dawson, a Fort Campbell soldier who died while supporting Operation Freedom’s Sentinel. Kerri RichardsonTerry Sebastian502-564-2611
    • Council approves among lowest tuition increases in more than a decade April 17, 2015
      At its meeting Friday at Morehead State University, the Council on Postsecondary Education approved among the lowest tuition and mandatory fee rate increases in more than a decade for students attending Eastern Kentucky University, Murray State University, Northern Kentucky University and the University of Kentucky. Sue Patrick502-573-1555Cell: 502-330-6596 […]
  • RSS Kentucky.gov/hemp

    • Microsoft Word - 2. KSU Regional Grant Proposal.doc April 18, 2015
      Produce, hemp, tobacco, meat and other products from the area were shipped to http://cpe.ky.gov/nr/rdonlyres/19613de8-2f60-410a-9c24-599dd6863ba2/0/ksuregionalgrantproposalandstrategicplan.pdf - 1MB
    • AgendaItemD2legwrapup.PDF April 18, 2015
      Agenda Item D-2 LEGISLATIVE WRAP-UP May 22, 2000 In addition to the biennial budget (discussed in Agenda Item G-3), several important pieces of legislation were passed in the last few days of the session. … http://cpe.ky.gov/nr/rdonlyres/58e375da-9ead-420f-aa48-dfd58a523d21/0/agendad_2.pdf - 43KB
    • D-1 Legislative Update1.PDF April 18, 2015
      Creates industrial hemp research program http://cpe.ky.gov/nr/rdonlyres/6cfb50aa-f6f8-462f-8585-60ecb97137e8/0/20010319_agendaitem1.pdf - 32KB
    • Update1.PDF April 18, 2015
      Creates industrial hemp research program http://cpe.ky.gov/nr/rdonlyres/dafa367a-f527-4b9f-a518-de28acdc560d/0/20010205_agendaitem3.pdf - 16KB
    • CHE ( ) PC ( ) April 18, 2015
      Hemp can be grown; research Agriculture http://cpe.ky.gov/nr/rdonlyres/0f27c10e-9610-4d83-8fb4-dff5fbeddf16/0/agenda_d1legup.pdf - 19KB
  • RSS Law Enforcement, Narcotics, Anti-corruption

  • RSS KENTUCKY SIERRA CLUB

    • 2015 KY General Assembly Wrap-Up March 23, 2015
      Weather and Short Session Challenge 2015 Kentucky General Assembly by Ruth Bamberger, Legislative Committee ChairCumberland Chapter, Sierra Club This year should go down as one of the most unproductive sessions of the KY General Assembly, and nature ironically had a … Continue reading →
    • ALERT HB229 Hearing Cancelled March 5, 2015
      ALERT: DUE TO WEATHER – THIS MARCH 5TH HEARING IS CANCELLED – POSTPONED The Clean Energy Opportunity Act, HB229 (see below for details on this bill), was scheduled to receive a hearing today (March 5, 2015), but due to inclement … Continue reading →
    • KY Clean Energy Opportunity Act – Help Us Get It Passed March 3, 2015
      ACTION ALERT: The Clean Energy Opportunity Act, HB229 (see below for details on this bill), is receiving a hearing this Thursday (March 5, 2015). We need your help to get this legislation passed.  Please: Call Your Representative Call the KY … Continue reading →
    • Legislative Actions: Environment, Energy on Our Agenda January 30, 2015
      by Ruth Bamberger, Legislative Committee Chair Cumberland Chapter, Sierra Club The Kentucky General Assembly officially opened January 6th with the swearing in of all 100 Representatives and 37 Senators. The Democrats have a 54-46 edge in the House and the … Continue reading →
    • Google Dumps ALEC October 17, 2014
      Huge news! First Google, then Yelp and Facebook… but where’s eBay? Tell eBay: Quit ALEC today! Google is dumping the Koch-fueled American Legislative Exchange Council (ALEC), an extremist group that pushes legislation like forcing public schools to teach climate denial. … Continue reading →
  • RSS Committee to Protect Journalists – Alerts

    • CPJ requests information about alleged detention of two journalists in Egypt April 17, 2015
      New York, April 17, 2015--The Committee to Protect Journalists wrote to the Egyptian Ministry of Justice on Thursday requesting information about two journalists who were allegedly arrested on Tuesday while attempting to cover the bombing of two electrical pylons that transmit power to the Media Production City in Cairo.
    • Journalists assaulted, chased covering protest in Nigeria April 16, 2015
      Abuja, Nigeria, April 16, 2015--The Committee to Protect Journalists condemns the attacks on journalists covering a government workers' strike in Nigeria and calls on Nigerian authorities to ensure police launch a thorough and efficient investigation and bring the perpetrators to justice.
    • Somali journalist shot by gunmen in Mogadishu April 14, 2015
      Nairobi, April 14, 2014--The Committee to Protect Journalists condemns the shooting attack on a Somali photographer in Mogadishu and calls on authorities to thoroughly investigate the case and ensure the perpetrators are brought to justice. Farhan Suleiman Dahir works for the state-run Radio Mogadishu, whose journalists have been targeted several times in re […]
    • Iraq should investigate death threats against Reuters Baghdad bureau chief April 13, 2015
      Beirut, April 13, 2015--The Committee to Protect Journalists today called on Iraqi authorities to investigate death threats against Reuters' bureau chief in Baghdad and ensure that journalists are able to work in Iraq without fear of reprisal. Ned Parker was forced to flee Iraq following death threats, Reuters reported on Saturday.
    • Malaysia extends sedition law to allow online censorship April 13, 2015
      Bangkok, April 13, 2015--Malaysia's parliament on Friday approved amendments to the country's sedition law, giving the government broad new powers to censor online media, according to news reports. The Committee to Protect Journalists condemns the legislative amendments and calls on the government to stop using the law to threaten and persecute ind […]
  • RSS Voices of the Civil War, a Library of Congress blog

  • RSS Corporate Cannabis

Liked it here?
Why not try sites on the blogroll...

Follow

Get every new post delivered to your Inbox.

Join 18,783 other followers

%d bloggers like this: