*By Jacqueline Corba*
Pop-up pot shops and cannabis confabs have been on the rise in the nation's capital, as would-be marijuana businesses try to find new ways to engage potential customers since Washington legalized the possession of small amounts of the drug three years ago.
Since the district's Initiative 71 went into effect in 2015, people 21 years and up can possess up to two ounces of pot. It's not O.K. to buy it or sell it, but people can transfer up to one ounce of the drug to another person of age ー a practice known as "gifting."
"We gift all the time, but a lot of people who want to get compensated, they have someone buy something else in exchange," said Lisa Scott, founder of the D.C. marijuana edible company Bud Appetit.
Cannabis businesses sell a legal item such as a t-shirt or jewelry, and then "gift" marijuana to the customer. Scott said in an interview with Cheddar's CannaBiz that these types of exchanges at private events are increasing as consumer demand is on the rise.
Authorities have grown less tolerant. During a pop-up party in January, almost two dozen vendors were arrested and charged with misdemeanor drug possession with the intent to distribute, according to [The Washington Post](https://www.washingtonpost.com/local/public-safety/in-the-murky-world-of-dc-marijuana-law-pop-up-markets-thrive/2018/03/26/84b9b2c6-2967-11e8-b79d-f3d931db7f68_story.html) . The charges were soon dropped by prosecutors.
"The laws are going to change, and eventually they will open the doors to more recreational sales and we want to be ready for when it happens," said Scott, who earlier this year started the D.C. Cannabis Business Association. "We don't want people with deep pockets and money from other states to come in and take our customers."
For full interview, [click here](https://cheddar.com/videos/understanding-the-murky-legal-landscape-for-cannabis-in-d-c).
Russian lawmakers have given President Vladimir Putin a military force authorization in Ukraine, and President Biden has described Putin's announcement declaring the independence of two provinces within Ukraine and his subsequent deployment of peacekeepers as tantamount to "invasion. David Tafuri, a former Obama campaign foreign policy advisor and Bush State Department official, joined Cheddar News to discuss. "The Ukrainian military occupies more than 70 percent of those provinces still," Tafuri said, noting Putin alleged having a responsibility to defend those regions. "This would put Ukrainian forces and Russian forces right at each other engaged. And that might be how the war starts."
The major indexes ended Tuesday's session sharply lower due to escalating tensions between Russia and Ukraine. Bill Stone, Chief Investment Officer at The Glenview Trust Company, joins Cheddar News' Closing Bell, where he reminds viewers that Wall Street doesn't like uncertainty, and more of the recent losses are due to geopolitics than inflation.
Karim Hijazi, CEO of Prevailion, joins Cheddar News' Closing Bell, where he says that crypto's decentralized nature will pose obstacles for the FBI's new crypto unit, but it will also make progress with items such as managing fraudulent exchanges.
The Retail Industry Leaders Association released a report alleging the safety risks, economic losses, and potential job losses they link to a surge in shoplifting crimes in the United States. Lisa LaBruno, senior EVP of retail operations at the trade organization, joined Cheddar News to discuss the impact of websites that allow for the resale of unverified goods and passing the INFORM Consumers Act to stamp it out. “We need to hold the online marketplaces accountable for being a favored venue for criminals to resell stolen product," LaBruno said. "And that is exactly what the INFORM Act is designed to do."
The East-West faceoff over Ukraine has escalated dramatically, with Russian lawmakers authorizing President Vladimir Putin to use military force outside his country and President Biden and European leaders responding by slapping sanctions on Russian oligarchs and banks.
Stocks closed broadly lower Tuesday after Russia sent forces into Ukraine’s eastern region and the U.S., European Union and U.K. responded with economic sanctions.
President Biden says he’s “convinced” that Russian President Vladimir Putin has decided to launch a further invasion of Ukraine, saying Friday he has “reason to believe” it will occur in the "coming days."
