Marijuana Blog

Hayward Police Discover Marijuana Factory Worth $15 Million

Category: News | Posted on Thu, June, 11th 2015 by THCFinder

Hayward police have discovered a massive 44,000 square foot marijuana factory. Authorities say the value of the 13,000 plants seized is around $15 million.

The electrical systems inside had been dangerously bypassed with many major illegal connections, powering an elaborate hydroponic watering system, lighting system and ventilation system.

Hayward police say the operation included a harvesting and packaging room, living quarters and a sophisticated surveillance system.

It is suspected the marijuana grow operated 24/7 and cost in excess of $100,000 to build, police say.

Authorities arrested three men last week at the scene -- 28-year-old Manh Tran, 21-year-old Troy Tam and 27-year-old Tony Hoang -- and charged them with felony marijuana cultivation and sales.



Oregon Legislators Propose A Marijuana Sales Tax

Category: News | Posted on Thu, June, 11th 2015 by THCFinder

oregon marijuanaThe term ‘sales tax’ is largely considered to be taboo in Oregon politics. Oregon is rare in that it doesn’t have a sales tax, and any time any politician talks about creating a sales tax in Oregon, they are usually committing political suicide. Oregon hasn’t had a sales tax in a very long time, and lots and lots of polling has shown that citizens don’t want it. Oregon politicians have realized that people don’t want a sales tax, and have largely left the issue alone. That is, unless it involves marijuana.

The Oregon Legislature wants to create a sales tax specially for recreational marijuana. These politicians have tried very hard to pretty up their proposal by calling it a ‘point of sale’ tax, but it’s obviously a sales tax. Oregon voters approved Measure 91, which specifically stated that taxing would be left to the state, not to municipalities, and that the tax rate would be a flat $35 per ounce tax. For some reason Oregon politicians don’t want to respect the will of the voters, and instead are wanting to allow up to a 3% local sales tax on marijuana, and a 17% state sales tax. Per Oregon Live:

Legislative negotiators have tentatively agreed on a sweeping marijuana deal that could produce a 20 percent sales tax on recreational sales of pot.

Under the deal — which is still subject to change — the state could collect a 17 percent tax while localities could collect up to 3 percent.

The deal to allow local taxes is aimed at ending a standoff with cities and counties over just how much power they have to prohibit retail sales of both recreational and medical marijuana.

Oregon voters don’t want a sales tax, on marijuana or anything else. Oregon voters passed Measure 91 which specifically gave taxing powers to the state alone, had a clear tax rate of $35 per ounce of flower, stated no less than three times that the Oregon Medical Marijuana Program should remain in tact as it was before the 2014 Election, and only allowed bans on recreational marijuana sales if it was approved by voters. What happened? Why is the Oregon Legislature pushing their own version of recreational marijuana legalization, especially considering the fact that they had the chance to pass their own version before the 2014 Election and refused to do so?



Cannabusiness: Budding Pot Industry Is Boosting Denver's Housing Market

Category: News | Posted on Thu, June, 11th 2015 by THCFinder

According to a Real Estate Special Report by CNN Money, the housing market in Denver is absolutely on fire—and it's due to Colorado's legalization of recreational marijuana in 2012. 

"Home prices have shot up by double-digits, inventory has fallen dramatically and multiple offers with bidding wars have become common," the report stated. "In March, Denver experienced the second-largest jump in annual home prices at 10 percent, just behind San Francisco, according to the S&P/Case-Shiller Home Price Index."

CNN Money pointed out that pot isn't the only force driving the market, but legalization has created massive job growth, bringing a flood of people to the area.

"The pot industry is creating jobs we didn't have before," Kelly Moye, a Re/Max real estate agent in Denver, explained. "It's brand new, it adds a whole new factor to the area; you have real estate needs, housing needs, job needs." 

Of course the boom isn't great for everyone. First-time buyers and those trying to avoid the skyrocketing prices face stiff market competition. Denver's normal housing market has around 24,000 listings—but according to Moye, right now, there are only around 4,000. 

Moye predicts that the market has room to run for five to seven years, "barring any major economic disasters."



Ninja Dabbin'.

Category: Concentrates | Posted on Wed, June, 10th 2015 by THCFinder



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