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Recreational Marijuana Taxes Could Generate $5M-$19M For Alaska

Category: News | Posted on Mon, July, 27th 2015 by THCFinder
alaska marijuana taxes

(via dailyfinance.com)

A big reason why support for marijuana legalization is surging is because of the tax revenue potential that legalization would create. Every state in America needs more funding, and marijuana legalization basically creates a new tax revenue source out of thin air. Marijuana sales are going on in every state in America regardless of the legal status of marijuana in those states, so by bringing those transactions out of the shadows and into the daylight, marijuana can help states with funding.

Alaska voters approved marijuana legalization in 2014, and the Alaska Department of Revenue recently released the results of a study that estimates how much money Alaska will make from marijuana taxes. Per Marijuana Business Daily:

A report by the Alaska Department of Revenue estimates that the state will collect anywhere between $5 million and $19 million in taxes from recreational cannabis sales to locals, indicating the huge amount of uncertainty over the potential size of the market.

The state did not provide a revenue projection, though the report estimates annual consumption among residents will range from 102,000 ounces to 384,000 ounces, according to the Alaska Dispatch News.

Based on the state’s figures and average cannabis prices in other rec markets, sales could come in between $15 million and more than $75 million.

Read More:http://www.theweedblog.com/recreational-marijuana-taxes-could-generate-5m-19m-for-alaska/


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Research Shows Cannabis May Help Overactive Bladder

Category: News | Posted on Mon, July, 27th 2015 by THCFinder

The latest research on cannabis shows how cannabigerol, or CBG, may help relieve symptoms of overactive bladder and similar disorders.

Scientists tested bladder contractility in specimens of mouse bladders as well as human bladders, and found CBG reduced contractions. Lowering bladder contractility improves symptoms of those suffering from urinary incontinence. In previous research on cannabis used to treat overactive bladder, a clinical trial on patients with multiple sclerosis and Neurogenic Detrusor Overactivity showed that administration of a high-THC cannabis extract improved urinary incontinence by 25 %.

A 25 % improvement is enough to make anyone’s life noticeably better, but that also came along with the potent psychoactive effect of the high-THC extract. While many cannabis users enjoy the feeling of being high all the time, people who never touched the stuff in their lives may not feel the same way. For this reason doctors have gone to great lengths to investigate other non-psychoactive cannabinoids that are still just as safe and non-toxic as good 'ol THC.

Read More:http://www.hightimes.com/read/research-shows-cannabis-may-help-overactive-bladder


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Oregon TV anchor says she was fired for marijuana

Category: News | Posted on Sat, July, 25th 2015 by THCFinder

PORTLAND, Ore. – A former Eugene, Oregon TV news anchor said she was recently fired from her job for testing positive for marijuana.

Cyd Maurer, 25, said she was driving a work vehicle in May when she got into a fender bender on her way to a live shot.

"I was immediately forced to take a drug test, to pee in a cup, and that was that," she wrote on her website. She also told her story in a YouTube video posted July 23.

Maurer, who graduated from the University of Oregon's School of Journalism and Communication, said her bosses at KEZI knew she was responsible and told her they wanted her to keep her job, but the decision to fire her after the positive drug test came from a corporate attorney.

Maurer said she smoked marijuana a few days before the minor traffic crash.

"I wasn't fired because I couldn't do my job. I wasn't fired because of my work ethic, my attitude, or my abilities," Maurer said. "I was fired for enjoying a plant, on my own time, in the privacy of my own home. A plant that the majority of voters in Oregon believe should be legal."

Read More:http://www.king5.com/story/news/local/2015/07/24/oregon-tv-anchor-fired-marijuana/30629385/


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National Cannabis Industry Association Reacts To Favorable Senate Marijuana Banking Vote

Category: News | Posted on Sat, July, 25th 2015 by THCFinder

national cannabis industry association ncia arizonaA U.S. Senate committee voted today in support of opening up banking services to state-legal marijuana businesses. By a vote of 16-14, the Senate Appropriations Committee passed an amendment to the Financial Services and General Government Appropriations bill, forbidding the use of federal funds to penalize financial institutions that serve marijuana businesses operating legally under state law. The amendment was offered by Sen. Jeff Merkley (D-OR).

A similar amendment was passed by the full House of Representatives in 2014, but was ultimately stripped out during the final omnibus budget negotiations conducted by the Senate. The House has not yet debated the Financial Services Appropriations bill in 2015, but a repeat of the cannabis banking amendment is anticipated if and when that debate takes place.

“It’s encouraging to see members of the Senate stepping up and joining the House to address the banking crisis facing our industry,” said National Cannabis Industry Association executive director Aaron Smith. “Access to basic banking services is one of the most critical challenges facing legal cannabis businesses and the state agencies tasked with regulating them.”

“Bipartisan coalitions in both chambers are supporting these reforms. It’s time to make them the law of the land.”

Source:http://www.theweedblog.com/national-cannabis-industry-association-reacts-to-favorable-senate-marijuana-banking-vote/


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New York Attorney Offering Litigious Revenge for Losers of State’s Medical Marijuana Lottery

Category: News | Posted on Sat, July, 25th 2015 by THCFinder

In anticipation of the seething aftermath that is likely to follow the New York State Department of Health’s selection of only five companies to cultivate and supply the entire state with medical marijuana, one Long Island lawyer says he is prepared to step into the ring on behalf of those businesses that get rejected. 

When the state announces the winners of the medical marijuana licenses later this month, attorney David Marquez believes there will be “38 pissed off companies” ready to duke it out with an establishment that cost them millions of dollars and then left them with nothing to show for it. Earlier this week, Marquez told the Village Voice to spread the word to the losing members of the NY cannabis community: “If you believe you’ve been discriminated against in the licensing process, come see us.” 

Indeed, a vicious backlash of angry applicants is possibly only days away from erupting across the state, a swelling of corporate tempers that will undoubtedly result in litigious revenge. All of the companies interested in producing and selling medical marijuana in the state have been forced to open their checkbooks to the tune of obscenity in terms of the amount of cash they have been required to put up, simply for an opportunity to play the game.

Read More:http://www.hightimes.com/read/new-york-attorney-offering-litigious-revenge-losers-state%E2%80%99s-medical-marijuana-lottery


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Senate Committee Approves Marijuana Banking Bill

Category: News | Posted on Fri, July, 24th 2015 by THCFinder

marijuana cash industry bankingThe Senate Appropriations Committee approved a measure Thursday (16-14) that is intended to ensure marijuana businesses have access to banking services.

The amendment, offered by Sen. Jeff Merkley (D-OR) to the Financial Services and General Government Appropriations bill, would prohibit the Treasury Department and its enforcement arm, the Financial Crimes Enforcement Network or FinCEN, from using federal funds to punish banks that provide financial services to marijuana businesses that are operating legally under state laws.

Many banks are currently unwilling to provide depository and other basic banking services to marijuana businesses because the substance is still illegal under federal law. Federal, state, and local law enforcement and other government officials say marijuana businesses need to have access to banking because operating entirely in cash raises significant public safety concerns.

The House is unlikely to consider its own Financial Services bill, so it is unclear whether the amendment will be included in any final compromise legislation that is sent to the president.

Earlier this month, Sen. Merkley introduced the Marijuana Business Access to Banking Act, which would amend federal banking laws to prevent banks from being punished for providing services to state-legal marijuana businesses. The bill is co-sponsored by Sens. Cory Gardner (R-CO), Michael Bennet (D-CO), Rand Paul (R-KY), Elizabeth Warren (D-MA), Ron Wyden (D-OR), and Patty Murray (D-WA).

Read More:http://www.theweedblog.com/senate-committee-approves-marijuana-banking-bill/


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