Marijuana Blog

What '60 Minutes' Didn't Tell You About Legalized Marijuana

Category: News | Posted on Mon, June, 8th 2015 by THCFinder

On Sunday night, ’60 Minutes’ revisited a story it had previously aired on the state of Colorado’s legalized marijuana industry, going back to the state in order to get an update. The story gave a great broad overview of the industry, but by trying to cover so many parts of this business, many things were missed.


The ’60 Minutes’ piece, called ‘Colorado Pot,’ noted that it isn’t easy to make money in legalized marijuana, but then like most of these general stories, zoomed in on the giant safe full of cash. The public assumes that because these businesses are awash in cash that they are profitable. That isn’t necessarily the case. The story did touch on the seed-to-sale software, but didn’t note that for the huge warehouse full of plants featured in the story, the software company could be charging anywhere from $0.25 to $0.45 an RFID or bar-code. These bar-codes can’t be reused and a big warehouse like the one on the show that is growing thousands of plants is spending thousands for inventory tracking.


The show was accurate in describing the difficulty these business owners face in finding a bank. Most of the major banks will not service these customers and some of the state chartered banks that were stepping in are now pulling back. First, they are concerned about the new Attorney General Loretta Lynch who is not for legalization. Secondly, it’s expensive for the banks to handle these customers. The amount of employees required to fill out all the paperwork to keep the banks in compliance make these money losing customers. The banks have to fill out SARS paperwork or Suspicious Activity Reports on the accounts. This takes people and time and while these businesses may be swimming in cash, it doesn’t pay off for the smaller banks. The big banks have said they won’t allow this type of banking until marijuana is no longer illegal at the Federal level.



Commerce Township Considers Marijuana Growing Restrictions

Category: Medical Marijuana | Posted on Mon, June, 8th 2015 by THCFinder

outdoor marijuana growingIn a pair of meetings on June 8 and 9, Commerce Township will consider to what degree they allow people to participate in the Michigan Medical Marihuana Act (MMMA) by considering an ordinance that would  restrict how and where patients can grow their marijuana.

Attorneys and activists alike are in an uproar over the proposed language.

The ordinance offers a unique and restrictive definition of who can grow and where it can be done. It also requires some unique security and monitoring standards that exceed any other measure currently in place in other cities.

To begin, the ‘Definitions’ section of the proposal contains provocative language. From the proposal:

Medical marijuana cultivation facility means a building where more than twelve (12) marijuana plants are being grown in compliance with the MMMA.

Medical marijuana dispensary means a building or part of a building where there is a transfer of marijuana between primary caregivers or between qualifying patients. This definition does not include a building in which the transfer of marijuana occurs between a primary caregiver and his or her qualifying patient.

Plant means any marihuana plant with not more than one readily observable root formation. 

Read More:


Pygmies Get Higher Than We Do

Category: News | Posted on Mon, June, 8th 2015 by THCFinder

In a recent study done by Washington State University, scientists studied cannabis use amongst hunter-gatherers of the Congo Basin, also called “pymies.” Scientists found more pygmies smoked cannabis on average than in the Western world, and cannabis use was associated with having a healthier gut with less parasitic worms. The use of cannabis and other psychoactive plants might originate from a subconscious drive to rid the body of internal parasites and other maladies.

Forest foragers from the western Congo Basin, members of the Aka group live along the Lobaye River in small logging camps. The same group of researchers had previously studied tobacco use amongst the Aka, and found it was associated with fewer parasitic worms. Given the large body of evidence that shows cannabis can fight pathogens, parasites and bacteria, the scientists decided to run a similar experiment with cannabis.

By collecting urine and stool samples, as well as interviewing members of the Aka community, scientists found that 70.9 percent of males and 6.1 percent of women smoked cannabis with a total prevalence of 38.6 percent. Not only do more of them smoke weed than in most developed nations, “the THCA [THC’s main metabolite] levels of the cannabis smokers were comparable to, though some what higher than, the THCA levels of chronic cannabis smokers in the West,” meaning they might smoke more and get higher than we do.

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What strain are you smoking on today?

Category: Tokers | Posted on Sun, June, 7th 2015 by THCFinder



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