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Category: Fun | Posted on Sat, December, 24th 2016 by THCFinder


Marijuana Industry Raises Over $1 Billion In 2016

Category: Culture | Posted on Sat, December, 24th 2016 by THCFinder

Over $1 billion has been raised in the cannabis industry in 2016, according to Viridian Capital Advisors.


The billion dollar line was crossed last week in part with C$40 million ($29.8 million) raised by OrganiGram Holdings, Inc. The deal will allow for the build out and expansion of the company's cultivation, extract and derivative facilities. In addition, Tetra Bio-Pharma, Inc. received C$1 million in a private placement with Aphria Inc. to initiate clinical trials in PhytoPain Pharma.


Scott Greiper, president and founding partner of Viridian, said that the $1 billion was mostly raised in North America, with minor amounts from other countries. He also stated that the Canadian market is a meaningful metric as to what the U.S. market could end up looking like in the future. Canada legalized medical marijuana years ago, but the program was slow to build. The election of Prime Minister Trudeau jump-started efforts for the medical marijuana industry.


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Macka B - Medical Marijuana Card

Category: Videos | Posted on Sat, December, 24th 2016 by THCFinder


Guam Governor Wants Territory to Legalize Cannabis

Category: News | Posted on Sat, December, 24th 2016 by THCFinder

In 2014 Guam voters legalized the medical use of cannabis. Now, Governor Eddie Calvo (R) believes the island territory should take things a step further and begin looking at the legalization of cannabis for personal use.

“We’re talking about cutting what would be red tape and concerns about funding for required enforcement on the new marijuana legislation that became law” Governor Calvo said in a Faceook post made yesterday. “I want us to look at how states navigated into recreational marijuana; let’s figure it out and then tax the heck out of it and use those taxes to help fund our hospital, public safety and education.”

The idea of taxing “the heck out of it” probably isn’t the most appealing approach for cannabis consumers, who aren’t going to like the idea of ridiculously high taxes that will artificially inflate the price of cannabis. However, it’s very likely that the large majority of cannabis enthusiasts are willing to pay a higher price for cannabis (or at least a price that isn’t less than it is now, as legalization would undeniably due without massive tax rates) in exchange for the removal of the possibility of them going to jail for using it.

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