Search:
Login:
OR

Marijuana Blog

Legal Marijuana Sales Hit $5.4 Billion in 2015, Report Says

Category: News | Posted on Thu, February, 4th 2016 by THCFinder

It’s not just heat lamps in closets and nickel bags anymore: Marijuana is getting some respect as legal sales take off.

This week two marijuana analysis and investment firms released a summary of a report that appeared to confirm that the industry hasbecome gold rush. National legal sales of cannabis grew to $5.4 billion in 2015, up from $4.6 billion in 2014, according to the firms, the ArcView Group, based in San Francisco, and New Frontier, based in Washington.

Demand is expected to remain strong this year, with a forecast of $6.7 billion in legal sales, the report said.


The promises and headwinds of the industry are potentially far-reaching and attracting notice on Wall Street. As more states legalize marijuana sales, analysts are weighing the stock market benefits of new businesses ascannabis goes corporate. Funds are considering the ethics of investing in marijuana. Parents are even debating whether to allow their children to buy the stocks.

Read More:http://www.nytimes.com/2016/02/05/business/legal-marijuana-sales-2015-report.html?_r=0


Comments

Harold & Kumar Christmas - Mall Santa

Category: Videos | Posted on Thu, February, 4th 2016 by THCFinder


Comments

Does Presidential Candidate Ted Cruz Support Marijuana Reform?

Category: Politics | Posted on Thu, February, 4th 2016 by THCFinder
ted cruz marijuana

(image via Wikipedia)

The 2016 Presidential race went into full swing on Monday with the Iowa Caucuses taking place. On the Democrat side, Bernie Sanders and Hillary Clinton essentially tied, and O’Malley did so poorly that he dropped out of the race after the results were announced. On the GOP side, which has many more candidates, Ted Cruz came out on top, with Donald Trump taking second place in Iowa, and Marco Rubio rounding out the top three.

Ted Cruz pulled off somewhat of an upset by winning in Iowa, and has changed the conversation as far as who is considered to be the front-runner on the GOP side to get the party’s nomination. Of course, there has only been one state that has voted so far, and there’s still a lot of primaries to go, but Ted Cruz’s victory was impressive enough that I have heard a lot of political pundits point to him now as the front-runner, so take that for what you will.

From a purely marijuana reform perspective, Ted Cruz is not as bad as some of his challengers, but is far from being a marijuana reform supporter. With Ted Cruz, it has been a mixed bag when it comes to his position on marijuana policy. He has stated that he believes that marijuana reform should be left to the states to decide, but has also criticized the Obama Administration for not stepping in to stop the implementation of marijuana legalization in the states that have approved it. Per Mother Jones:

“When it comes to a question of legalizing marijuana, I don’t support legalizing marijuana,” he told Hugh Hewitt in April. “If it were on the ballot in the state of Texas, I would vote no.”

Read More:http://www.theweedblog.com/does-presidential-candidate-ted-cruz-support-marijuana-reform/


Comments

New York Will Consider Major Upgrades to Medical Marijuana Program

Category: Medical Marijuana | Posted on Thu, February, 4th 2016 by THCFinder

New York's medical marijuana program—AKA the Compassionate Care Act—which was feebly launched at the beginning of the year, not only comes with a chastity belt full of provisions that cater to only the half-dead, but the tight regulations wrapped up in this fiasco have put cannabis products mostly out of reach for the few patients who qualify for participation.

However, Manhattan Assemblyman Richard Gottfried, the lawmaker who was instrumental in the fight to bring medical marijuana to the state of New York, says he will introduce several pieces of legislation in the next coming weeks that he hopes will lead to a broad expansion to the program.

A recent article in the Village Voice indicates that Gottfried plans to submit a bill that will increase the number of cannabis producers permitted to operate across the state from five to somewhere in the vicinity of 10. The proposal would simplify the licensing process, evading a long drawn out approval period, by drawing the next selection of pot companies from the list of applicants that did not make the initial cut in 2015. 

Read More:http://www.hightimes.com/read/new-york-will-consider-major-upgrades-medical-marijuana-program


Comments


Search







Blog Categories

Popular Articles

Latest Offers In Your Area
Recent Blog Posts
Download Our App!
21.3 Miles Away | Ventura thru TO,
28 Miles Away | long beach, hun,
7.7 Miles Away | Los Angeles,
August 28, 2016 | Category: Fun
August 28, 2016 | Category: News
August 28, 2016 | Category: Videos
Mobile Apps
Copyright 2016 THCFinder.com
All Rights Reserved.
Dispensaries      Strains      About Us      Friends      API / Widgets      Privacy Policy      Terms of Use      Investors      Contact Us