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Marijuana on Religious Grounds? A Cannabis Church Opens in Denver

Category: News | Posted on Tue, April, 25th 2017 by THCFinder

For the International Church of Cannabis in Denver, there were three reasons to celebrate on Thursday.

First, it was opening day. The church, a more than century-old building recently adorned with brightly colored paintings by the artists Kenny Scharf and Okuda San Miguel, welcomed the public early in the afternoon, at which time no cannabis consumption was allowed inside.

“It seemed to be a nice steady flow of people,” said Lee Molloy, a founder of the church and a member, who estimated that a couple of hundred people had come by.

Read More:https://www.nytimes.com/2017/04/20/us/international-church-cannabis.html


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This Landmark Cannabis Bill Is Great News for Marijuana Stocks

Category: News | Posted on Mon, April, 24th 2017 by THCFinder

Investors would probably struggle to find an industry that's growing at a faster and more consistent pace than legal marijuana.

Last year alone, according to cannabis research firm ArcView, North American legal pot sales jumped 34% to $6.9 billion. ArcView estimates that legal sales could top $22 billion by 2021, with investment firm Cowen & Co. expecting legal sales to hit $50 billion by 2026. Regardless of what estimate you choose to believe, the legal marijuana industry is growing by between 20% and 30% a year. That type of consistent long-term growth is certainly appealing to investors.

The sky could be the limit -- if not for these issues


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Committee Advises California Judges Not to Invest in Pot

Category: News | Posted on Mon, April, 24th 2017 by THCFinder

SAN FRANCISCO (AP) — A California Supreme Court committee advised judges in the state Wednesday to stay away from pot – meaning investments in pot businesses.

Maintaining any interest in a business that involves medical or recreational marijuana is incompatible with a judge’s obligation to follow the law, the court’s Committee on Judicial Ethics Opinions said.

California voters have legalized the use of recreational and medical marijuana, but the drug remains illegal under federal law.

The committee said involvement in a pot business could also cast doubt on a judge’s ability to act impartially, particularly in marijuana-related cases.

Read More:http://hightimes.com/news/committee-advises-california-judges-not-to-invest-in-pot/


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Houston’s District Attorney Defends Move to Decriminalize Marijuana

Category: News | Posted on Sun, April, 23rd 2017 by THCFinder

While Attorney General Jeff Sessions pushes his tough-on-weed agenda, one Texas District Attorney is sticking to her decision to decriminalize small amounts of pot.

Kim Ogg, Houston’s first Democratic DA in nearly four decades, lost no time in declaring that she was not interested in locking up people for small amounts of pot.

While federal criminal justice reform has lagged on a national level for years, many local, recently elected officials are stepping up to the plate.

Kim Ogg is one of them.

In a politically conservative state like Texas, Ogg is in a constant showdown with Republican, mostly male, leaders who don’t like what she stands for nor where she stands for it: Houston, the lone state’s largest city.

Read More:http://hightimes.com/news/houstons-district-attorney-defends-move-to-decriminalize-marijuana/


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Wall Street Predicts Pot Will Hurt Beer Sales

Category: News | Posted on Sun, April, 23rd 2017 by THCFinder

Despite the fact that marijuana remains illegal in the eyes of the United States government, analysts on Wall Street are predicting the cannabis industry could soon put a hefty dent in beer sales.

According to a report from CNBC, New York investment bank Cowen Group recently downgraded its market performance rating for Molson Coors Brewing Co (TAP), a major producer of mainstream beer brands like Coors Light, Fosters and Miller High Life, because it is convinced the company, whose net sales were close to $11 billion in 2016, will suffer some loss in the coming years because more people are interested in weed.

In a letter sent to their clients on Thursday morning, Cowen analyst Vivien Azer wrote: “We believe alcohol could be under pressure for the next decade, based on our data analysis covering 80 years of alcohol and 35 years of cannabis incidence in the US. Since 1980, we have seen 3 distinct substitution cycles between alcohol and cannabis; we are entering another cycle.”

Read More:http://hightimes.com/medicinal/wall-street-predicts-pot-will-hurt-beer-sales/


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Meet the Hardcore Trump Republican Pushing Pot Reform’s Best Hope

Category: News | Posted on Sat, April, 22nd 2017 by THCFinder

Matt Gaetz is a conservative Republican’s conservative Republican.

Gaetz is a 34-year-old attorney who, while in the Florida legislature, pushed for accelerated executions and blocked any revision of the stand-your-ground law following Trayvon Martin’s shooting death. He now represents most of the Florida Panhandle in Congress.

Most of us would call those solid conservative bona fides “textbook reactionary,” but back at home in Gaetz’s First Congressional District, they’re local mores. His district is so solidly Republican, it’s an island of dark red floating in a less-red sea.

The district is the most conservative in Florida, with a plus-22 conservative rating from the Cook Partisan Voting Index—which may be off by double-digits. In November’s election, Gaetz defeated the Democratic challenger by nearly 40 percentage points.

Read More:http://hightimes.com/news/meet-the-hardcore-trump-republican-pushing-pot-reforms-best-hope/


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