Word: lynching
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After a four-week rally, stocks moved lower on Monday and Tuesday. Does this spell the end of the uptrend or just healthy consolidation? To find out, TIME contributing editor John Curran spoke with Mary Ann Bartels, stock market technical analyst at Bank of America/Merrill Lynch...
Read TIME's Q&A with a Merrill Lynch strategist on the outlook for stocks...
...prosecution paints a more complex picture, contending that Lynch's operation was pervaded by marijuana transactions outside the store by his employees and customers; they claim evidence shows that, though Lynch may not have known of such transactions, "the atmosphere and example that defendant set, and that his employees and customers followed, was not one of strict compliance with the law but rather a casual, almost carnival-like attitude toward the use and distribution of marijuana." One of the most serious federal charges leveled against Lynch was that he sold the drug to more than 250 minors, which is defined...
Marijuana advocates believe that what happens with Lynch will be a bellwether for other individuals facing charges related to medical marijuana. "All of these people are in a wild state of flux that Mr. Holder and Mr. Obama have placed them in," says Allen St. Pierre, executive director of NORML. "[Lynch] is the case that will probably inform society where we're going to go on this because he got arrested under the Bush Administration. He was a Main Street medical distributor who enjoyed the support of the town council, the mayor - quintessential local acceptance. His case has been caught...
While the Obama Administration cannot reverse the charges against Lynch, St. Pierre says it has great latitude over his sentencing. (State prosecutors have recommended the minimum mandatory sentence of five years in federal prison.) "They could commute his sentence. They can pardon his sentence," says St. Pierre. "That will be very demonstrative as to what this new Administration will do about medical marijuana. They can influence it. They can dial back what had been overt federal opposition to medical marijuana and allow, as they should have from the beginning, local mores and values to dictate who is going...