Search:
Login:
OR

Marijuana Blog

Colorado Sold Just Shy Of One Billion Dollars Worth Of Cannabis In 2015

Category: News | Posted on Tue, February, 9th 2016 by THCFinder
colorado legal marijuana sales

Iimage via Associated Press)

At the beginning of 2015 a lot of people were estimating that Colorado would sell over one billion dollars worth of cannabis. Recreational marijuana became legal to sell in Colorado at the beginning of 2014, with a regulated medical marijuana system already in existence. The roll out of recreational marijuana sales took a bit to ramp up, and 2014 was seen as a ‘warm up’ of sorts. 2015 was predicted to be the year that the one billion dollar mark would be crossed in Colorado, and Colorado came very, very close. Per The Cannabist:

Licensed and regulated marijuana stores in Colorado sold $996,184,788 worth of recreational and medical cannabis in 2015, according to new data from the state Department of Revenue.

“I think it’s ethical to round that up to a billion,” cannabis industry attorney Christian Sederberg said Tuesday upon first hearing the 2015 totals.

Colorado also collected more than $135 million in marijuana taxes and fees in 2015 — more than $35 million of which isearmarked for school construction projects.

My home state of Oregon just started collecting taxes on recreational marijuana sales, and even with limited recreational sales, revenue is being generated. I don’t think that Oregon’s industry will be quite as big as Colorado’s, at least not for awhile, but seeing legal cannabis sales generate tax dollars for public schools is a very cool thing. Will Colorado cross the one billion mark in 2016? Only time will tell. I know I hope to travel there some time in 2016 and add some dollars to the pile.

Source:http://www.theweedblog.com/colorado-sold-just-shy-of-one-billion-dollars-worth-of-cannabis-in-2015/


Comments

Rhode Island Hopes to Legalize Marijuana to Avoid Paying Taxes on Medical Grows

Category: News | Posted on Tue, February, 9th 2016 by THCFinder

While Rhode Island Governor Gina Raimondo appears to be hell bent on squeezing the medical marijuana community for taxes on homegrown cannabis plants, a couple of lawmakers are hoping to clip the nuts off the wild horse she rode in on with a piece of legislation that would allow the state to capitalize on a fully legal pot market.

Two proposals are set to invade both chambers of the state legislature sometime this week. Representative Scott Slater of Providence will reportedly introduce his bill to the House, while Joshua Miller of Cranston will file a companion measure in the Senate. Both proposals are an attempt to drag Rhode Island out of the gutter of prohibition by establishing a taxed and regulated system that would allow adults over the age of 21 to purchase weed in manner similar to beer. It would also eliminate the criminal penalties associated with pot possession for those not authorized to use marijuana under the state’s medical program. 

Read More:http://www.hightimes.com/read/rhode-island-hopes-legalize-marijuana-avoid-paying-taxes-medical-grows


Comments

Chillin' With My Bud

Category: Fun | Posted on Mon, February, 8th 2016 by THCFinder


Comments

Mormon Church Comes Out Against Utah Medical Marijuana Bill

Category: Medical Marijuana | Posted on Mon, February, 8th 2016 by THCFinder

SALT LAKE CITY (AP) -- The Mormon church has come out against a Utah bill that would allow the medical use of edible pot products, a position that could be a serious blow to one of two medical marijuana proposals before state lawmakers.

The Church of Jesus Christ of Latter-day Saints said leaders are worried about the unintended consequences of the measure proposed by Republican Sen. Mark Madsen of Eagle Mountain. A majority of Utah lawmakers are members of the Salt Lake City-based faith, and the church's position on an issue can be decisive.

The church doesn't object to another, more restrictive medical marijuana bill that would allow access to a marijuana-infused oil, church spokesman Eric Hawkins said in a statement.

Madsen told The Salt Lake Tribune that church lobbyists told him and legislative leaders about their opposition, but declined to explain their reasoning.

Read More:http://www.hightimes.com/read/mormon-church-comes-out-against-utah-medical-marijuana-bill


Comments


Search







Blog Categories

Popular Articles

Latest Offers In Your Area
Recent Blog Posts
Download Our App!
21.3 Miles Away | Ventura thru TO,
7.7 Miles Away | Los Angeles,
15.4 Miles Away | Anaheim,
July 26, 2016 | Category: Fun
July 26, 2016 | Category: News
July 26, 2016 | Category: Videos
Mobile Apps
Copyright 2016 THCFinder.com
All Rights Reserved.
Dispensaries      Strains      About Us      Friends      API / Widgets      Privacy Policy      Terms of Use      Investors      Contact Us