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White Skunk

Category: Nugs | Posted on Tue, November, 6th 2012 by THCFinder

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Why Mexico Is Rooting for U.S. Pot Legalization

Category: Legalization | Posted on Tue, November, 6th 2012 by THCFinder
Mexico and the U.S. are tightly entwined economically -- and this is as true of the illegal economy as the legal one. If popular ballot measures to legalize marijuana in Colorado, Washington and Oregon pass on November 6, a respected Mexican think tank says that it will hit the cartels where it hurts: In the pocketbook, to the tune of several billion dollars. While tough police and military operations on both sides of the border have largely failed to slow the cartels, legalization would be "the biggest structural shock suffered by drug trafficking in Mexico since the massive arrival of cocaine in the late eighties," the researchers wrote.
 
The report from the Mexican Center for Competitiveness (IMCO) (in Spanish) is based on an earlier study by the RAND Corporation, which determined that a 2010 ballot proposal could cut the income of Mexican drug dealers by 20%. The updated research suggests that cartels earn $6 billion each year from marijuana sales in the United States. If Washington, the state most likely to pass its ballot measure, does so, IMCO reports it will cut the cartels' income by $1.37 billion, or about 23% of their revenue (though some cartels will be hit harder than others). Legalization in Oregon and Colorado would result in similar declines.
 
This would happen, the report assumes, because the infrastructure created by these ballot initiatives would result in cheaper and higher-quality domestic production of marijuana, which would also have less far to travel to reach its customers. That would drive Mexican pot purveyors, who face the costly challenge of crossing the border with their goods, at least partly out of the market.
 

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Ying Yang bowl

Category: Fun | Posted on Tue, November, 6th 2012 by THCFinder

 


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Marijuana legalization on the ballot

Category: Legalization | Posted on Tue, November, 6th 2012 by THCFinder
NEW YORK (CNNMoney) -- On Tuesday, voters in three Western states are casting their ballots on an unorthodox way of raising tax revenue: marijuana legalization.
 
Colorado, Oregon and Washington each have statewide measures to legalize cannabis for recreational use, in the hope that it stimulates the economy and fills state coffers.
 
"Whatever state votes to legalize, they'll have become the first state to cross the legalization Rubicon anywhere in the U.S.," said Allen St. Pierre, spokesman for NORML, which advocates for the reform of marijuana laws.
 
Analysts of the legalization issue say that Washington's Initiative 502, to legalize and regulate marijuana for people aged 21 and older, has the best chance of passing. They say it proposes a relatively heavy taxation on the drug, which might make it appealing to budget hawks.
 
The Washington referendum calls for a 25% tax rate imposed on the product three times: when the grower sells it to the processor, when the processor sells it to the retailer, and when the retailer sells it to the customer.
 
It's not clear exactly how much tax revenue legalization would bring in. Estimates for the Washington measure run as high as $500 million -- a figure analysts say is overstated.
 

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420 Cake

Category: Fun | Posted on Tue, November, 6th 2012 by THCFinder


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Trainwreck -Hybrid

Category: Nugs | Posted on Tue, November, 6th 2012 by THCFinder

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