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Former ‘Wolf of Wall Street’ vying for state medical marijuana deal

Category: News | Posted on Mon, July, 6th 2015 by THCFinder

A former “Wolf of Wall Street” has his eyes on another pot of gold.

Dean Petkanas’ new company is among the 43 entities vying for one of five lucrative medical-marijuana licenses in New York state — an eclectic group that includes a hospital group whose boss previously worked for an ex-governor, and two nursing-home operators who run a facility at the center of a recent scandal.

“Now it’s a waiting game,” said Petkanas, who worked for three years at Stratton Oakmont, the pump-and-dump brokerage featured in the 2013 Martin Scorsese-directed film.

He now heads Long Island-based medical-marijuana company Kanna­Life Sciences, which is eying 700 acres in Buffalo for a “green” grow site.

“If we do [get the license], great. If we don’t, we’re still there for the state of New York,” added Petkanas.

Read More:http://nypost.com/2015/07/06/former-wolf-of-wall-street-vying-for-state-medical-marijuana-deal/


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Some Alaska Marijuana Businesses Receive ‘Cease And Desist’ Orders To Shut Down Or Else

Category: News | Posted on Mon, July, 6th 2015 by THCFinder

cease and desist marijuanaThere have been underground medical marijuana outlets and clubs for awhile now in Alaska. Alaska is like most other medical marijuana states where such entities existed, operating in what some describe as a ‘grey area’ of the law, while others call it a blatant disregard for the law. Now that recreational marijuana has been legalized in Alaska, some Alaska marijuana establishments have received ‘cease and desist’ orders demanding that they halt operations until marijuana business licenses are issued. Per the Frontiersman:

Two local marijuana-related businesses were among six that received cease-and-desist orders from the state this week.

Northern Heights LLC, a “cannabis-friendly” hookah lounge, and Discreet Deliveries, a business offering marijuana for sale and delivery, both based in the Mat-Su Borough along Bogard Road, joined businesses from Kenai and Anchorage on the list. The certified letters mailed to property owners were a follow-up to phone conversations on the subject, which alleged both businesses violated Alaska statute, according to the letters.

The cease-and-desist letters threatened “enforcement action” ranging “from criminal penalties to civil fines, tax penalties and prohibition from receiving an actual marijuana license when they become available in 2016,” the letter states. 

Read More:http://www.theweedblog.com/alaska-marijuana-businesses-cease-and-desist-orders/


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This Weekend, Support The Fight For Drug War Transparency In Missouri

Category: News | Posted on Sun, July, 5th 2015 by THCFinder

show me cannabis money bomb missouri marijuana

The Show-Me Cannabis Foundation works tirelessly to investigate and publicize the practices and impacts of cannabis prohibition in Missouri. We look closely at the secretive and violent activities of Missouri’s multi-jurisdictional drug task forces. These task forces make a huge proportion of cannabis arrests in Missouri each year, and also regularly violate the law themselves.

We have used Missouri’s open records law (Sunshine Law) to obtain thousands of documents from hundreds of drug warriors in every corner of the state. They have revealed, on many occasions, that the most zealous proponents of marijuana prohibition have a very hard time following laws themselves. Our open records requests have revealed a very wide array of unscrupulous and unlawful activities, including:

Read More:http://www.theweedblog.com/this-weekend-support-the-fight-for-drug-war-transparency-in-missouri/


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#FreePotPrisoners

Category: News | Posted on Sun, July, 5th 2015 by THCFinder

There exists now an untenable situation whereby U.S. citizens are in jail for engaging in actions that are currently legal and regulated in some parts of this country. It can not be denied that these people broke the law as it stood at the time and place of their transgressions, but it is also apparent that our nation is in the process of redefining its relationship with marijuana. America has yet to address the contradictions that exist between its past and present reasoning, and there are thousands separated from their loved ones, confined to penal institutions, awaiting this clarification.

Let Freedom ring for these long-suffering casualties of the War on Marijuana. Sign today!

Click this link to sign a petition to Attorney General Loretta Lynch and California Attorney General Kamala Harris for the release of non-violent pot prisoners.

Source:http://www.hightimes.com/read/freepotprisoners


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New Marijuana Tax Structure In Washington Should Help Reduce Prices

Category: News | Posted on Sat, July, 4th 2015 by THCFinder
washington marijuana tax taxes

(image via The Cannabist)

Everyone I have talked to that has traveled to Washington to purchase legal recreational marijuana has said the same thing – it is extremely expensive. Most of the people I have talked to traveled from Oregon, which has the cheapest prices for high end marijuana in the nation, so it’s not surprising to me that they get sticker shock when they are at the cash register checking out. I think people that travel from less friendly marijuana states are more comfortable with the prices, but I also think that everyone can agree that prices need to be lower if the industry in Washington is ever to reach its full potential, and the black market is to ever go away.

I think that’s especially true now that Oregon has legalized recreational marijuana, and that limited recreational marijuana sales are expected to occur in Oregon starting October 1st. I would predict that once flower sales start in October in Oregon, very few (if any) Oregonians are going to be traveling to Washington anymore to get their recreational marijuana flower. Price is ultimately going to determine where people go, and with Washington’s old tax structure (25% x 3), there’s just no way Washington could compete with Oregon. Washington politicians seem to kind of understand that, which is why they changed the tax structure for recreational marijuana sales in Washington this last week. Per The Joint Blog:

Under current law, recreational cannabis is taxed at three different levels, 25% at each level. Under House Bill 2136,most of which takes effect tomorrow, this system will be replaced with a single 37% tax which would be paid at the point of sale between retailers and their customers.

The new law also allows jurisdictions to reduce the current restrictions limiting cannabis outlets from being located within 1,000 feet of a childcare center, public park, transit center, library or arcade; they would be allowed to reduce this to within 100 feet.

To encourage cities and counties to allow cannabis businesses, the bill directs the state to share tax revenue gained from cannabis sales only with areas that allow cannabis retail outlets. 

Read More:http://www.theweedblog.com/new-marijuana-tax-structure-in-washington-should-help-reduce-prices/


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Miami-Dade County Loosens Pot Laws

Category: News | Posted on Sat, July, 4th 2015 by THCFinder

Miami-Dade became the first county in the state of Florida to soften the Sunshine State’s harsh marijuana laws on Tuesday after county commissioners voted 10-3 to modify the county code. 

Technically, this is not cannabis decriminalization, as Miami-Dade law enforcement still has the option of filing criminal misdemeanor charges against those busted with 20 grams or less for personal possession. However, officers can also treat simple cannabis violations as a civil offense, resulting in a citation and a $100 fine with no criminal record.

“We have better things to do with our police resources," Commissioner Sally Heyman, who sponsored the ordinance, said. "For goodness’ sakes, we don’t have to destroy the lives of so many (who are criminally charged with possession).”

As reported by the Miami Herald, under current state and county laws, possession of any amount of weed can still result in incarceration, and that will not be altered by this change in the Miami-Dade code. Further, smoking pot in public remains a criminal offense. The new ordinance will take effect in 10 days and applies to all cities in Miami-Dade county, the most populated in the state.

Read More:http://www.hightimes.com/read/miami-dade-county-loosens-pot-laws


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