Diablo OG Wax
Category: Concentrates | Posted on Fri, September, 27th 2013 by THCFinder
52% of Californian adults want to legalize marijuana
Category: Legalization | Posted on Fri, September, 27th 2013 by THCFinder
Support for the legalization of marijuana has never been so high in the Golden State.
Fifty-two percent of adults surveyed by the Public Policy Institute of California said they thought marijuana should be made legal in the state, a new record level since the group began polling residents.
The pro-pot sentiment was especially robust among Democrats, who favor legalization by a margin of 64%-33%. Independents give legalization the green light by a margin of 60%-36%. California Republicans, on the other hand, would prefer to keep the drug from becoming a legal commodity, with just 45% saying they would legalize it, and 53% opposing doing so.
Mirroring nationwide trends, a clear majority of Californians said that the U.S. Department of Justice should not enforce federal marijuana laws in states that have voted to legalize its use for either medicinal or recreational purposes. Of those surveyed, 61% of adults and 68% of likely voters said that Uncle Sam should let state marijuana laws stand, even if they are in conflict with the federal prohibition.
While just two U.S. states—Washington and Colorado—have passed measures legalizing the recreational use of marijuana for adults, several more, including Alaska, Arizona, California, Maine, Massachusetts, Montana, Nevada, Oregon, Rhode Island, and Vermont could soon follow suit.
Read more: http://www.nydailynews.com
Cherry Pie - Indica
Category: Nugs | Posted on Fri, September, 27th 2013 by THCFinder
Colorado Marijuana Industry Gets $1 Million From Investor Group: It's 'The Next Great American Industry'
Category: News | Posted on Fri, September, 27th 2013 by THCFinder
Investors looking for high returns took to Colorado this week and poured more than $1 million into the burgeoning legalized recreational marijuana industry in the state.
In Denver, more than 60 investors from The ArcView Group met with 22 startup marijuana companies -- including several directly involved in marijuana sales or cultivation, which was a first for the investment group -- seeking capital. By the end of the meetings, the investors committed "well over $1 million" to Colorado marijuana companies, ArcView CEO Troy Dayton told The Denver Post.
And it may have been even more, however, due to Colorado's marijuana laws which requires investors to qualify as state residents for three years before making equity investments in a marijuana business, some investors had to cap their deal pens.
ArcView president Steve DeAngelo told Bloomberg Businessweek that more than 90 percent of ArcView's investors at the meeting came from out of state -- meaning the overwhelming majority of them could not invest.
“Colorado has an opportunity to claim a—if not the—leading role in the cannabis industry, if it’s properly financed,” DeAngelo said. “It’s an opportunity to build the first big companies and the first big brands. But it’s going to be difficult for them to do that if they’re unable to get the financing that’s available to every other industry.”
Cannabis business is "the next great American industry," ArcView CEO Dayton said when opening the investment meeting this week and despite the red tape that kept many investors from jumping in, it still certainly seems to be off to a strong start. It has only been about a month since Attorney General Eric Holder announced that the Department of Justice would let the new legal marijuana laws in Colorado and Washington go into effect.
Read more: http://www.huffingtonpost.com
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