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Colorado drags down national marijuana prices in first half of 2017

Category: News | Posted on Thu, October, 5th 2017 by THCFinder

The price of a pound of legal marijuana continues to plummet in 2017, according to a new report tracking the commodity’s U.S. spot price index.

Wholesale cannabis prices dropped 18.6 percent nationwide in the first half of 2017, with Colorado prices dropping by up to 40 percent compared to the first half of last year, according to Cannabis Benchmarks’ “2017 Mid-Year Wholesale Market Report.” Similar to commodities like gold and oil, the Denver-based independent price reporting agency tracks spot prices — the current value in the marketplace at which an asset can be bought or sold for immediate delivery.

Despite the overall decline, marijuana prices showed “remarkable” stability considering last year’s price volatility and recent political uncertainty, the analysts found. For the first six months of this year, there has only been a $150 difference between the low and high prices for legal cannabis nationally, compared to nearly $300 separating the lows and highs during the first half of 2016.

Read More:http://www.thecannabist.co/2017/10/02/colorado-marijuana-prices-national-wholesale/88740/


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Son of Trump’s Cabinet Member Invested Heavily in Marijuana Market

Category: News | Posted on Thu, October, 5th 2017 by THCFinder

In an ironic twist of fate, it appears a prominent member of Donald Trump’s cabinet has a strong tie to the legal cannabis industry.

Shane McMahon, the son of legendary WWE founder Vince McMahon and Linda McMahon, who runs the U.S. Small Business Administration, recently invested in a company that manufactures pre-fabricated modules for growing cannabis.

According to court documents, McMahon made a cool $500,000  investment for a sizable stake in a Connecticut-based company EnviroGrow. The start-up firm sells the modules in states where medical or recreational cannabis is legal.

Currently, 29 states and the District of Columbia have legalized cannabis for medical use, and eight of those states(Colorado, Washington, Oregon, Alaska, California, Massachusetts, Maine, Nevada, as well as DC) have legalized the plants for recreational purposes.

Read More:http://hightimes.com/news/son-of-trumps-cabinet-member-invested-heavily-in-marijuana-market/


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What strain are you smoking on today?

Category: Fun | Posted on Wed, October, 4th 2017 by THCFinder


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3 Years after Legalization, Alaska Communities Weigh Pot Bans

Category: News | Posted on Wed, October, 4th 2017 by THCFinder

A vote on Tuesday might mark a sea of change for the cannabis business of local communities in Alaska—and might place pot bans within those areas for the foreseeable future.

As reported by the Associated Press, voters in two of the state’s major pot cultivation districts will decide on whether growers and other pot-related business owners will continue to operate. Hypothetically, if the vote goes through, ceasing said operations could put denizens out of work and disrupt the supply chain in the state to disastrous proportions.

The decision could mark a major regression concerning full legalization in the state and might set a precedent for other Alaskan communities to do the same.

The potential pot bans won’t simply affect the status of legalization alone: The vote has growers and business-owners alike highly concerned about their futures and the economy of Alaska at large. Some, like grower Mike Emers, see the initiative as a betrayal.

Read More:http://hightimes.com/news/3-years-after-legalization-alaska-communities-weigh-pot-bans/


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Club Paradise - Scoring Some Weed

Category: Videos | Posted on Wed, October, 4th 2017 by THCFinder


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