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GOP Congressman Wants to Help Businesses Sell Weed

Category: News | Posted on Mon, October, 30th 2017 by THCFinder

Opposition to cannabis legalization often comes from the Republican side of the aisle. And when Republican politicians decide to break ranks and advocate for legal weed, they usually make their case from the business side of things. After all, legal cannabis can be a serious boost to state economies, particularly when it comes to tax revenue. But federal prohibition puts extra pressure on state-legal marijuana businesses. And that’s why one GOP congressman wants to help businesses sell weed.

Rep. Mark Sanford: This GOP Congressman Wants To Help Businesses Sell Weed

In a recent Facebook post, Representative Mark Sanford, a Republican representing the First District of South Carolina since 2013, announced that he had co-sponsored the Small Business Tax Equity Act of 2017.

The bill is a major piece of legislation that would significantly impact marijuana sales in states with legal weed businesses.

Read More:https://hightimes.com/news/gop-congressman-wants-help-businesses-sell-weed/


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Nevada Marijuana Sales Continue to Soar to $33M for August

Category: News | Posted on Sun, October, 29th 2017 by THCFinder

Nevada marijuana sales are going through the roof! In fact, the state’s legal marijuana market is proving to be a dominating arm of the national cannabis trade.

So what are these exact figures? What has everyone so floored?

The Numbers

The numbers are in from Nevada’s Department of Taxation.

According to the latest statistics, dispensaries in the Silver State sold in upwards of $33 million during the month of August. This number includes both medical and recreational marijuana. That’s about $6 million more than the state’s first month of recreational sales.

During that month, it raked in a record-breaking $27 million. It’s even more than the states of Colorado, Washington and Oregon collected during their first month.

Read More:https://hightimes.com/business/nevada-marijuana-sales-soar-august/


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