Marijuana Blog

Higher Learning: Colorado County Mulls Scholarship Pot Tax

Category: News | Posted on Fri, August, 28th 2015 by THCFinder

DENVER (AP) -- Talk about higher learning. A Colorado county may create the world's first public college scholarship program funded with marijuana money.

Pueblo County is considering a 5 percent excise tax on marijuana growers, with half the proceeds designated to a scholarship fund that boosters say would be the first of its kind.

County Commissioner Sal Pace, the sponsor of the tax measure, says it could produce a couple million dollars a year. The full commission will vote on his proposal next week, and if approved, voters would have to approve the excise tax in November before it would take effect.

"What the concept is, is to create the world's first college scholarships funded by marijuana growers," Pace said.

Fifty percent of the proposed excise tax would be divided among Pueblo County high school graduates who stay in the county for college.

Pace called his proposed pot scholarship a natural next step for marijuana legalization. The statewide pot-legalization measure specifically mentioned schools as a beneficiary of pot taxes.

"These are the type of promises folks expected when they approved" marijuana, Pace said.

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What strain are you smoking on today?

Category: Fun | Posted on Thu, August, 27th 2015 by THCFinder


Pioneer Pot States Have Collected More Than $200 Million In Marijuana Taxes

Category: Medical Marijuana | Posted on Thu, August, 27th 2015 by THCFinder

The first two states to legalize recreational marijuana have collectively raked in at least $200 million in marijuana tax revenue, according to the latest tax data -- and they're putting those dollars to good use.

In Colorado, after about a year and a half of legal recreational marijuana sales, the state has collected more than $117 million in excise taxes from both the recreational and medical marijuana markets, according to the most recent data from the Colorado Department of Revenue. 

Washington state got a slower start. Its retail shops didn't begin selling recreational marijuana until July of last year, but they are keeping pace with Colorado's. About $83 million in excise taxes have already been collected in the year since sales first began, according to the most recent tax data from the Washington State Liquor and Cannabis Board.

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Marijuana Farmers VS Hemp Farmers Over Pollen

Category: News | Posted on Thu, August, 27th 2015 by THCFinder

federal farm bill hemp amendment researchComplaints from legal marijuana farms have halted the issuance of hemp farming licenses in Oregon- for now.

Both types of farms are authorized under Oregon law. Marijuana, used for medicine and recreation, and hemp, used for industrial and commercial purposes, are plants in the same family. That means they can cross-breed.

The Oregonian reports that marijuana farmers are concerned that the hemp plants will spread their pollen over wide swaths of countryside and accidentally pollinate their marijuana plants. Cannabis plants are genetically selected to produce robust flowers typically grown in the absence of male plants.

No males, no seeds. Marijuana flowers without seeds, generically called sensimilla, are the most cost-effective and prized of the cannabis flower products. Plants that put energy into growing seeds produce smaller flowers, which reduce their market value. Fields that are accidentally pollinated could cost growers thousands of dollars on every acre from low yields.

Marijuana farmers successfully argued to the state government that an unchecked expansion of hemp farming could lead to trouble. They propose that hemp farming be banned in the entire southern portion of Oregon- the area most known for producing an outstanding marijuana crop- or at least kept away from the three most prosperous counties for cannabis production.

Existing hemp farmers can continue to plow their fields. The ban is on new licensees, and it looks like the issue won’t be settled until 2017, per the Oregonian.

Michigan’s next big marijuana conference is one month away! Join Rick Thompson for the Michigan Cannabis Business Development Conference on September 26 at the Holiday Inn Gateway Centre.




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