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Silicon Valley Investors Are Starting to Warm Up to Cannabis

Category: News | Posted on Tue, July, 12th 2016 by THCFinder

SAN FRANCISCO — When three Colorado marijuana entrepreneurs made a presentation to 40 Silicon Valley investors last year, it was as though they were discussing something dirty.

“There was an uncomfortable chuckle in the room, kind of like you’re talking about porn,” says Fulton Connor, the Sand Hill Angels Inc. member who arranged the meeting. His fellow venture capitalists just couldn’t get past the fact that marijuana remains prohibited under federal law.

They’re way more chill now, he says. In May, Connor’s firm, which typically invests in mainstream startups like the taxi-hailing app Flywheel, steered $200,000 to Boulder-based Tradiv, an online marketplace for wholesale cannabis. “They understand it more as a business and the direction of the market,” Connor says. “And they see where it’s becoming more acceptable.”


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Contention Over THC Maximum Proposals in Canada, Colorado

Category: News | Posted on Tue, July, 12th 2016 by THCFinder

As Canada prepares to legalize cannabis nationwide, Ottawa is consulting citizens and stake-holders to shape the new policy. Among the proposals floated at a Vancouver Cannabis Hemp Conference this weekend was a measure to cap the THC content of approved strains. Not surprisingly, this met with a resounding negative from industry and advocates. "It's time for us to stop demonizing THC. We need policy that's based on both evidence and expertise," Hilary Black of the BC Compassion Club Society told the CBC.  "We have an opportunity in Canada right now to be leaders on the world stage and to do this right."

Read More:http://www.hightimes.com/read/contention-over-thc-maximum-proposals-canada-colorado


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What strain are you smoking on today?

Category: Fun | Posted on Mon, July, 11th 2016 by THCFinder


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Initiative 139 to Limit THC Percentage in Denver is Withdrawn

Category: News | Posted on Mon, July, 11th 2016 by THCFinder

DENVER — The Cannabis Business Alliance has released a statement on the withdrawal of proposed Initiative 139, which would have crippled Colorado’s fledging Cannabis industry and pushed supply to the black market causing a loss in jobs and tax revenue. 

“In 2012, Colorado residents showed their support of the legal Cannabis market by overwhelmingly approving Amendment 64, which requires the state to regulate the Cannabis Industry like alcohol. Proponents of Initiative 139 who were attempting to add a purity limit of 16% to the ballot in November were extremely misguided. The restrictions on Cannabis purity would have been similar to limiting the alcohol content by volume on beer, wine and liquor. It would be the equivalent of only having 3.2 beer available. The industry is thankful that common sense has prevailed,” noted Cannabis Business Alliance Executive Director Mark Slaugh.

Read More:http://www.theweedblog.com/initiative-139-to-limit-thc-percentage-in-denver-is-withdrawn/


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