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New Marijuana Start-Up Accelerator CanopyBoulder Raises $1.2 Million

Category: News | Posted on Sun, March, 29th 2015 by THCFinder
 

canopy boulder canopyboulder arcviewCanopyBoulder has successfully raised $1.2 million to invest in 20 early-stage startups providing ancillary products and services to the legal cannabis industry. CanopyBoulder will run two, first-of-their-kind business accelerator boot camps for these startups in 2015.  We hope that you will join us on March 30th to celebrate the company’s Opening Day launch party with featured guest speaker Steve DeAngelo.  Steve is a national thought leader and President of the ArcView Group, America’s leading angel investment network for the cannabis industry as well as Executive Director of Harborside Health Center, the nation’s model medical cannabis dispensary in Oakland, California.

“Since we partnered with The ArcView Group we have been inundated with both accredited investors and quality companies asking to get involved. We had to turn quality investors and companies away.  That’s a good problem to have,”  said Canopy cofounder and Managing Director, Patrick Rea.

CanopyBoulder launches their first cohort of 10 startups on March 30, 2015 in Boulder, Colorado. “Over 115 entrepreneurial teams from all over the world applied to be part of our first class. We may have discovered the next Uber, the next Nest or the next Facebook to emerge in the legal cannabis industry,” concluded Rea.

“Last December, ArcView and Canopy teamed up to supercharge the emergence of the most exciting and innovative cannabis start-ups. I’m tremendously proud to support these early entrepreneurs in America’s fastest growing industry,” said Stephen DeAngelo, President and Co-Founder of The ArcView Group.

These start-ups will close out their three months of intensive company building by going on an investor roadshow together in June.  They will present to the ArcView Investor Network, Rockies Venture Club, and then at the National Cannabis Industry Association’s Cannabis Business Summit.

Read More: http://www.theweedblog.com/new-marijuana-start-up-accelerator-canopyboulder-raises-1-2-million/


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Two states join Colorado as it defends its marijuana law against suit

Category: News | Posted on Sun, March, 29th 2015 by THCFinder

Washington and Oregon on Friday joined Colorado in defending its recreational marijuana law against a suit brought by two of its neighboring states.

In a filing, Colorado asked the Supreme Court to dismiss the lawsuit — filed by Nebraska and Oklahoma — arguing that it makes a “dangerous use” of legal argument that would leave marijuana legalization in place but largely strip the state of its power to regulate the new industry.

“My office remains committed to defending Colorado’s law,” Attorney General Cynthia Coffman said in a statement. “At the same time, I share our border states’ concerns regarding illegal marijuana activity, and my office, as well as our partner state and local law enforcement agencies, are committed to stopping marijuana diversion. This lawsuit, however, even if successful, won’t fix America’s national drug policy — at least not without leadership from Washington, D.C., which remains noticeably absent.”

In their December lawsuit, the two states argue that Colorado’s recreational marijuana law violates the supremacy clause of the Constitution, which states that federal laws takes precedence over state law, and asked the Supreme Court to intervene. Among the arguments made, Oklahoma and Nebraska suggest that Colorado’s regulation of the industry violated the federal Controlled Substances Act, according to the filing:

Colorado’s commercial marijuana scheme is preempted by the CSA, and is thus null and void. The continued operation of Colorado’s scheme, despite its nullity, harms not just the Plaintiff States, but also the dozens of other States who have seen Colorado-grown marijuana cross into their borders despite state and federal law to the contrary.

Read More: http://www.washingtonpost.com/blogs/govbeat/wp/2015/03/27/two-states-join-colorado-as-it-defends-its-marijuana-law-against-suit/


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West Coachella Valley set for marijuana 'green rush'

Category: News | Posted on Sun, March, 29th 2015 by THCFinder

On a recent Thursday morning, a crowd gathered in the parking lot of a Desert Hot Springs gas station to welcome the latest new business to the struggling city.

Mayor Adam Sanchez stood in front of the shop's refurbished storefront and cut the ribbon with giant scissors — just as he would for a restaurant, tire store or hair salon — before talking about how perfectly Sun Grow would fit into Desert Hot Springs' healthy "spa city" image.

Sun Grow is the first permitted medical marijuana dispensary to open in Riverside County, outside of                                                               Palm Springs.

It's also the first shop to launch as part of a new wave of businesses coming to the western Coachella Valley, contributing to the fast-paced growth of legal marijuana businesses seen across the country.

At least a half dozen more local medical pot stores are expected to follow.

Known as the "Green Rush," a play on the Gold Rush that built California in the 19th century, legal marijuana has grown nationally into a $2.7 billion industry, with half of it in California, according to one industry report.

National cannabis sales for 2015 are expected to climb another 30 percent to $3.5 billion.

"The main draw of this industry is you can make a lot of money if you operate your business well," said Chris Walsh, managing editor of Marijuana Business Media, a company that conducts market research on the marijuana industry and publishes the online Marijuana Business Daily.

"It's not a guaranteed path to being a millionaire by any means," he cautioned.

But the dollars going in and out of a single dispensary can easily reach into the millions. Annual revenues for a store can range from $100,000 for a small operation in a rural area to tens of millions of dollars in a major city, Walsh said.

Sun Grow representatives declined to discuss revenue projections. But they but did say the dispensary was on pace to generate $9,000 in tax revenue for Desert Hot Springs in the first month.

Read More:http://www.desertsun.com/story/money/business/2015/03/28/coachealla-valley-marijuana-palm-springs-money/70553374/


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Colorado Asks Supreme Court To Toss Marijuana Lawsuit Filed By Nebraska, Oklahoma

Category: News | Posted on Sat, March, 28th 2015 by THCFinder

The Colorado Attorney General's Office on Friday asked the U.S. Supreme Court to throw out a lawsuit filed by Nebraska and Oklahoma that contends Colorado's legalization of marijuana is causing an increase in drug crimes in their states.

Attorney General Cynthia Coffman wrote in a brief filed with the high court that the lawsuit's aim to stop Colorado from regulating its recreational marijuana industry is a "dangerous" move that would leave "legalization intact" while neutering the state's ability to police businesses. The court should dismiss the lawsuit, Coffman said.

"Nebraska and Oklahoma concede that Colorado has power to legalize the cultivation and use of marijuana -- a substance that for decades has seen enormous demand and has, until recently, been supplied exclusively through a multi-billion-dollar black market," Coffman wrote. "Yet the Plaintiff States seek to strike down the laws and regulations that are designed to channel demand away from this black market and into a licensed and closely monitored retail system."

Nebraska Attorney General Jon Bruning and Oklahoma Attorney General Scott Pruitt filed the lawsuit in December, alleging that Colorado's legalization of marijuana caused a surge of marijuana trafficking in their states and “created a dangerous gap in the federal drug control system."

The states seek to overturn Colorado's voter-approved marijuana law, arguing that federal law should take precedence over state law. Because marijuana remains illegal under federal law, Colorado's legalization is unconstitutional, the suit contends.

States that have legalized marijuana, for recreational or medical purposes, rely on guidance from Attorney General Eric Holder's office urging federal prosecutors to refrain from targeting state-legal marijuana operations.

Read More: http://www.huffingtonpost.com/2015/03/27/colorado-marijuana-lawsuit_n_6958336.html


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Texas Men Facing Life in Prison for Pot Brownies

Category: News | Posted on Sat, March, 28th 2015 by THCFinder

Everything is bigger in Texas, even when it comes to handing out prison sentences for possession of marijuana. This is the unfortunate horror a couple of Amarillo men now face after learning that a judge could sentence them to life in prison for the pot brownies recently found inside their vehicle.

Earlier last week, a Potter County Sheriff’s deputy witnessed the driver of a Kia Soul commit a minor traffic violation along a busy stretch of interstate, causing him to flip on the old red, white, and blues to inspect the situation more closely. When the officer approached the car, he discovered two people inside, 30-year-old Eli Manna and his passenger, 27-year-old Andrew George.

The usual prequel to a roadside shakedown soon followed: driver’s license, registration, and an unreasonable line of questioning, which eventually made the two men nervous enough to arouse suspicion. It was at this moment, we suppose, when the deputy said something to the effect of, “You boys wouldn’t happen to have any of that marijuana in the vehicle, now would you?”

Of course, the two men likely gave the performance of a lifetime, doing their best to convince the deputy that there was nothing illegal in the car by feeding him lines like, “We don’t even smoke weed,” followed by some nervous chatter about not even drinking that much. But the deputy, having heard every excuse in the book, proceeded to take the encounter to the next level by asking the driver if he would consent to a search.

Being no stranger the Fourth Amendment, the driver refused to let the deputy rip his car apart in search of illegal contraband without a warrant. The officer, however, did not appreciate this refusal, and radioed the Texas Department of Public Safety to come out and unleash a drug-sniffing dog. Unfortunately, this is when the situation turned a bit hairy for Manna and George. When the officer turned the dog loose, it immediately alerted to marijuana in the vehicle. A search uncovered a number of individually wrapped pot brownies, which in this case, comes with the possibility of life without the possibility of parole.

Read More: http://www.hightimes.com/read/texas-men-facing-life-prison-pot-brownies


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New Directions New Orleans: A Public Health And Safety Approach To Drug Policy

Category: News | Posted on Fri, March, 27th 2015 by THCFinder
 

Louisiana MarijuanaAn unprecedented collection of drug policy stakeholders – including judges, elected officials, public health workers, law enforcement, and community advocates – will come together to chart a new course for Louisiana’s drug policies at New Directions New Orleans on Thursday April 2 from 9am-5pm at Dillard University.

The one-day conference will provide Louisianans with the opportunity to engage many of the leading minds on drug policy and criminal justice reform from across the country and around the world, who will discuss strategies for moving beyond drug war policies and toward a health-centered approach to drug use.

“Louisiana continues to strive to become a more population health focused state, but one of the outstanding issues we face are antiquated drug and criminal justice policies,” said Joe Kimbrell, CEO, Louisiana Public Health Institute (LPHI). “This collaborative conference will be a strong starting point for these extraordinary partners to begin outlining what new policies and best practices we can utilize to educate our policymakers and create a safer, healthier Louisiana.”

The U.S. has the highest incarceration rate of any country in the world – and Louisiana has the highest rate in the U.S.  Louisiana’s incarceration rate has doubled in the last twenty years and is nearly five times higher than Iran’s, 13 times higher than China’s and 20 times higher than Germany’s.  One of the key drivers of Louisiana’s world-leading incarceration rate is the war on drugs — 18,000 Louisiana residents are arrested for drug law violations each year.

“The drug war has been a catastrophic war on the people of Louisiana,” said Yolande Cadore, director of strategic partnerships at the Drug Policy Alliance. “This gathering is bringing key stakeholders together to find an exit strategy for this failed war on drugs. The time for a new direction in Louisiana is now.”

According to a 2013 report by the American Civil Liberties Union, Louisiana suffers from some of the worst racial disparities in marijuana enforcement of any state in the U.S.  Black Louisianans are arrested for marijuana possession at 3 times the rate as their white counterparts, despite the fact that black and white people use and sell marijuana at similar rates.

Read More: http://www.theweedblog.com/new-directions-new-orleans-a-public-health-and-safety-approach-to-drug-policy/


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