Cannabis Blog

Oregon Generated Almost 3.5 Million Dollars In Recreational Marijuana Taxes In 1st Month

Category: News | Posted on Sat, March, 19th 2016 by THCFinder

oregon medical marijuana cannabis oregonian newspaperThere are a lot of reasons to reform marijuana laws, the most important of which is compassion. We need to have compassion for our fellow humans, and charging them with a fine and/or charging them with a crime and/or locking them in a cage is inhumane and lacks compassion. No one should have to go to jail for marijuana, or be arrested, or even fined in my opinion. That’s why I fought so hard to legalize marijuana in Oregon, a state I have lived in all my life.

That’s at the top of the list of reasons why we need to legalize marijuana, and second place isn’t even close in my opinion. But with that being said, there are obviously a lot of other benefits to legalizing marijuana. The economic benefits of marijuana legalization are touted early and often, and I think that’s in large part because it changes the minds of voters for better or worse. In a perfect world everyone would want to legalize marijuana because it’s obviously the right thing to do, however, some people are much more swayed by monetary statistics for better or worse.

The State of Oregon instituted a 25% temporary tax on all recreational marijuana sales at licensed dispensaries, starting in February. State officials were quit to state that it’s not a sales tax, which is a taboo phrase in Oregon. But, at the end of the day and for simplicity purposes (and just calling it what it is!), the tax is a sales tax on marijuana. The numbers are in for January, and it looks like Oregon brought in just shy of 3.5 million dollars in tax revenue from recreational marijuana sales. The Oregon Department of Revenue issued the following press release about the numbers:

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Irish Are Emigrating in Search of Medical Marijuana

Category: News | Posted on Sat, March, 19th 2016 by THCFinder

Another Irish immigration to the U.S. is taking place, but this time it is not because of the potato famine or the economic deprivation it caused in Ireland for decades. 

This is the story of Irish people who regard themselves as the first “international medical cannabis refugees” seeking treatment in Colorado.  

Yvonne Cahalane left her small community in Cork, southern Ireland, for Colorado with her 2-year-old son Tristan who suffers from Dravet syndrome and has up to 20 seizures every day. 

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What strain are you smoking on today?

Category: Fun | Posted on Fri, March, 18th 2016 by THCFinder


Legal marijuana: A $44 billion business by 2020?

Category: News | Posted on Fri, March, 18th 2016 by THCFinder

The growing acceptance and legalization of marijuana is helping the U.S. cannabis industry expand well beyond niche status. It's forecast to pump from $24 billion to $44 billion annually into the country's economy by 2020, according to an industry publication.

At the upper end of that forecast, published in the Marijuana Business Factbook 2016, it means sales of medicinal and recreational marijuana and related products and services would nearly equal the annual revenues of such Fortune 500 firms asFedEx (FDX) and Lockheed Martin (LMT), should current trends continue.

Put another way, that $44 billion is just shy of Panama's $46.2 billion GDP and ahead of Serbia's $43.9 billion. Even if the industry publication's forecast is a bit puffed up, cannabis is clearly heading for the big time.

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