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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?

Source:http://www.theweedblog.com/oregon-legislators-propose-a-marijuana-sales-tax/


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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."

Source:http://www.hightimes.com/read/cannabusiness-budding-pot-industry-boosting-denvers-housing-market


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Ninja Dabbin'.

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


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7 States Where Medical Marijuana Is Legal But Barely Accessible

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

With New York State beginning to accept applications for medical marijuana providers last week, criticism of the hyper-strict program negotiated by Gov. Andrew Cuomo has been plentiful. Hinged on concerns about arbitrary regulations and insufficient patient access, advocates for medical marijuana access worry the program will be too small and restrictive to be effective.

However, New York is not the only state facing hurdles in implementing medical marijuana laws. In states across the country, legislators are struggling to enact the regulations necessary for legalized medical marijuana programs to function properly, leaving patients with long wait times and a slew of confusing procedures. Here are seven other states that are struggling to translate their marijuana legalization laws as they exist on paper into the real world.
 

Massachusetts

In 2012, Massachusetts's voters approved via ballot initiative the legalization of medical marijuana and state-regulated dispensaries, but overcomplicated licensing procedures allowed not a single dispensary to open. Two dozen lawsuits followed a two-and-a-half-year wait for the law to be enforced.


Read More: http://www.rollingstone.com/politics/news/7-states-where-medical-marijuana-is-legal-but-barely-accessible-20150609


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