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Legalizing Marijuana Could Yield Over $3 Billion In Tax Revenue Per Year

Category: Legalization | Posted on Wed, September, 24th 2014 by THCFinder

The marijuana industry, legal and black market, is enormous. I have read reports that the marijuana industry in California is over 1 billion dollars a year. That’s billion, with a b. And to be honest, I personally think that’s a low ball estimate. The marijuana industry nationwide is multiple billions of dollars. How many billions? No one knows for sure. I think it’s easily tens of billions, but could be even hundreds of billions. We won’t know for sure until marijuana is legalized nationwide, which according to United States Representative Earl Blumenauer, could happen in the next five years.

A recent study was released by Nerd Wallet, which estimated the tax revenue from such a move to be around 3 billion dollars annually. There’s a lot of factors that go into such a calculation. For starters, what would marijuana be taxed at? It’s logical to conclude that different states would have different tax rates. For instance, Oregon is going to have considerably lower taxes if/when Measure 91 passes this November compared to Washington and Colorado. Other states could be lower than Oregon, while other states could potentially be higher than Washington. Only time will tell. NORML had the following to say about Nerd Wallet’s study:

Based on existing market projections, California would gain the largest amount of annual tax revenue ($519,287,052) were commercial cannabis production and sales to be legalized for adults. Other top tax revenue generating states include: New York ($248,103,676), Florida ($183,408,640), Texas ($166,303,963), and Illinois ($126,107,360).

Washington, which began allowing retail cannabis sales this summer, is estimated to reap some $119,000,000 in annual tax revenue, according to the study’s projections. Colorado, which has allowed retail cannabis sales since January 1, 2014, is estimated to gain some $78,000,000 in annual revenue.

Colorado and Washington are the only two states that are currently generating tax revenue from recreational marijuana sales. Those revenues keep climbing, with no end in sight. Below is an infographic from Nerd Wallet that gives a state-by-state breakdown:

legalizing marijuana tax revenue by stateSource: http://www.theweedblog.com/


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Casey Jones - Hybrid

Category: Nugs | Posted on Wed, September, 24th 2014 by THCFinder

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Casey Jones - Hybrid

The Casey Jones flavor is a combination of Oriental Express and the citric sour of the Diesel. The medication can be felt almost immediately. This strain has an up effect with a vividly, thought provoking quality. Under its effects, one may feel a stronger sense of connectedness to self and others. It is good for creative activities that can benefit from an introspective mood. Casey Jones also carries Indica properties as well. It is very effective for stress management and joint and muscle pain.


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The (Acapulco) Gold Rush For Medical Marijuana Licensing In Illinois

Category: Dispensaries | Posted on Wed, September, 24th 2014 by THCFinder
gold-rush-for-dispensary-licenesHow great is the demand for medical marijuana dispensary licenses in Illinois? So much they may rival the iPhone 6 in popularity right now.
 
Monday was the last day to apply for dispensary licenses under the state’s Medical Cannabis Pilot Program and state officials were seemingly unprepared for the rush of last-minute applicants, all of them with a backbreaking load of paperwork and a non-refundable $5,000 application fee in tow. (Insert your stoner jokes here.) Program officials noted the (Acapulco) gold rush in a statement and called the applications “voluminous.”
 
That’s about the best way to guess how many applications were filed, as officials couldn’t even give an estimate on the number of applications filed. The Medical Cannabis Pilot Program will issue only 60 licenses, so these may actually be more in demand than the iPhone, and more valuable. Mark Huddle, an attorney for Illinois Grown Medicine, brought 25 boxes of paperwork to the Thompson Center as part of the application process for five dispensaries in northern Illinois. Huddle told the Sun-Times “everyone from Cheech & Chong types to hedge fund guys” applied for dispensary licenses.
 
Want to lay odds on who gets the licenses?
 
It’s a painstaking process to land one of the highly coveted dispensary licenses, part of what Gov. Pat Quinn calls one of the toughest decriminalization laws in the country. Chicago, using its power of home rule, tried to relegate dispensaries and cultivation centers within the city limits to planned manufacturing districts requiring special-use permits from the Zoning Board of Appeals, and establishing minimum spaces based on facility size. But new zoning regulations approved in July by the City Council Zoning, Landmarks and Building Standards could potentially allow for medical marijuana dispensaries to be located near the city’s high-traffic tourist areas and tony nightlife districts. The regulations were passed after the state refined language in the medical marijuana law regarding where dispensaries would be located.
 

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Black Mamba - Hybrid

Category: Nugs | Posted on Tue, September, 23rd 2014 by THCFinder

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Black Mamba - Hybrid

Black Domina x Blue Bubblejuice This hybrid outcross brings into play thick, potent, resinous Black Domina as the mother plant for the strain. Manicuring this one's round rubbery leaves proceeded in a halting fashion to allow for frequent washing the goo off of fingers. Copious resin production is the hallmark of this devastatingly potent strain, here mated with our homebred representitive selected for strength and aroma. Blue Bubblejuice is 50% Blueberry, 25% Juicy Fruit, and 25% Bubblegum, so then is a 3/4 sibling to famous Bubbleberry


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Request to sell "pot souvenirs" at airport goes up in smoke

Category: Culture | Posted on Tue, September, 23rd 2014 by THCFinder
weed-souvenirs-idea-goes-up-in-smokeDENVER - A retired teacher says Denver International Airport denied her request to sell marijuana-themed souvenirs there, reports CBS Denver.
 
Ann Jordan makes the pot-themed collectibles, such as socks and flip-flops with marijuana leaves on them. Some of the airport stores reportedly say they're interested in carrying her products, but Jordan says when she asked the airport, they turned her down.
 
"I think it's kind of crazy because I know you can buy a lot of other Colorado products there and this is part of our culture now, so it's a natural fit to me," Jordan said.
 
Colorado legalized the recreational use of marijuana ealier this year.
 
An airport spokesman acknowledged an employee turned down Jordan's request to sell her wares. The spokesman said the airport does not have a formal policy when it comes to selling pot-themed souvenirs and added that the facility is discussing the issue and will eventually make an official decision.
 

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Finding those happy thoughts ; )

Category: Fun | Posted on Tue, September, 23rd 2014 by THCFinder

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