Aurora's First Marijuana Shop Opens
Category: News | Posted on Tue, October, 14th 2014 by THCFinder
AURORA, Colo. (CBS4/AP) - Aurora’s first recreational marijuana store opened on Monday in a converted bank building that boasts built-in security.
Euflora, which has a downtown Denver location already, delayed opening by two weeks, as the company completed necessary renovations Aurora asked for, including parking lot and green space improvements.
“The fact that we were two weeks delayed was a little disappointing, but the fact that we’re going to be the first to open is extremely exciting to us,” owner Jamie Perino said. “There’s just a lot of details that they’re looking at.”
The first of two expected Euflora stores in Aurora debuted at 10 a.m. on Monday in the 6200 block of South Gun Club Road. The company plans to open another Aurora location on South Buckley Road and East Quincy Avenue.
Perino said the company will staff 30 employees once its third store opens.
Aurora has granted licenses to 21 recreational marijuana dispensaries. The city has not yet added a local sales tax onto statewide sales and excise taxes of 27.9 percent. But Aurora voters will consider extra 2 percent local sales taxes on ballots next month.
Statewide, Colorado has more than 250 licensed recreational pot shoyyps.
Aurora didn’t allow medical marijuana sales but has decided to allow recreational marijuana. Denver requires stores to close at 7 p.m., but Aurora allows stores to stay open until 10 p.m.
Read more: http://denver.cbslocal.com/
Sophisticated Hash Oil Lab, $300K In Marijuana Found
Category: News | Posted on Tue, October, 14th 2014 by THCFinder
SANTA CRUZ (CBS SF) — A Santa Cruz County task force arrested a 30-year-old man last Thursday and confiscated more than $300,000 worth of marijuana after finding a sophisticated hash oil lab in Santa Cruz, a task force official said.
Last Thursday, the Santa Cruz Police Department received an anonymous tip about a drug lab in a residence in the 100 block of Fairland Way, a block north of state Highway 1 and a few blocks west of Dominican Hospital, authorities said.
The Police Department called the Santa Cruz County Anti-Crime Team’s Narcotic Task Force, made up of law officers from multiple jurisdictions, to investigate the tip, team Cmdr. Mario Sulay reported.
At 6 p.m. that day, members of the task force contacted the resident of the house on Fairland, 30-year-old Justin Pullman, and while speaking to him, corroborated the information from the tip, Sulay said.
Agents from the task force obtained a warrant to search Pullman’s home and discovered inside a clandestine butane honey oil, or BHO, lab, where flammable gases are used to extract a concentrated oil from marijuana vegetation, Sulay reported.
The lab included sophisticated extraction equipment capable of producing large amounts of BHO, including 41 5-gallon tanks of butane gas, 96 pounds of marijuana leaves and stems, 86 pounds of marijuana buds and 5 pounds of BHO, task force agents said.
The task force estimated that with the marijuana vegetation and buds recovered from the suspect’s home, the lab could have yielded 30 pounds of the honey oil with a street value of more than $300,000.
Read more: http://sanfrancisco.cbslocal.com
Woman Killed Over $5 Worth Of Cannabis
Category: News | Posted on Fri, October, 10th 2014 by THCFinder
When a stoner thinks of marijuana, they tend to think of music, hanging out, relaxing, and chilling with friends. Most of the time, someone who uses cannabis relates the plant to positive feelings. But when a non stoner thinks of cannabis, they usually think of promiscuous sex, obnoxious teenagers, and lazy bags of bones that do nothing to contribute to society. Pretty different right? It's easy to get mad at these people for not thinking of cannabis in a positive light but remember that the plant has a negative stigma attached to it that stretches decades in to our history. Another unfortunate effect of this stigma? The terrible situations that arise from a plant being illegal.
Take for instance the North Las Vegas high school junior that is being prosecuted as an adult over shooting a woman over what the cops are saying was a $5 discrepancy in a marijuana purchase. Last Wednesday, the arrest report was released that says that the 16 year old high school student was arrested on September 11th after questioning of North Las Vegas and Clark County School District students. The murder happened on September 5th of this year.
What happened to cause such a brutal act of violence? Andrea Lafon, the 20 year old that passed away, refused to let the teenager pay $35 for $40 worth of weed while she was sitting in her car in a North Las Vegas neighborhood. Lafon died the following day. The name of the shooter hasn't been released, as they are a juvenile. Associated Press is withholding the name of the teen until sentencing.
Violence and cannabis are only associated because of the illegality of cannabis. Because the plant is shunned from societal norms, it requires people to be a certain type of risk taker to get a hold of it. By putting cannabis in the same group as heroin, it allows for dangerous scenarios like this to arise. If cannabis was not such a strictly hated substance, incidents like this wouldn't happen.
Legal Recreational Marijuana Prices Starting To Drop In Washington, Finally
Category: News | Posted on Wed, October, 8th 2014 by THCFinder
Legal recreational marijuana sales started in Washington State about three months ago. Anyone who has bought marijuana at a recreational marijuana store has probably suffered from sticker shock. As recently as last week, prices for one gram of legal marijuana were as high as $38, and the amount of strains available were limited. That seems to be changing now, as more growers are harvesting and many strains have lowered to $20 per gram. One store, Main Street Marijuana in Vancouver, is at capacity for product. Per The Columbian:
Ramsey Hamide grinned as he leaned back in his chair, looking out at piles of palm-sized plastic bags stacked in containers in the back room at Main Street Marijuana.
For the first time since the store he manages opened three months ago, Hamide found himself in an entirely unfamiliar situation. With two safes bulging and a table packed with product awaiting sale, Hamide couldn’t accept any more product. In fact, on that Wednesday afternoon last week, he found himself turning some growers down.
“We’re pretty much at capacity on what we can store here,” Hamide said. “We’re full. I can’t take anything more until we sell this.”
I hope to see prices continue to drop. In order for marijuana legalization to work, it has to do what supporters have always claimed – limit the black market. However, at $38 per gram, or even $20 per gram, that’s not going to happen. Hopefully price gouging is a thing of the past in Washington. If not soon, Washington stores may be forced to do so if/when Oregon legalizes marijuana. Oregon is projected to sell marijuana at $5 per gram.
Seattle's Only Pot Store Too Busy?
Category: News | Posted on Tue, October, 7th 2014 by THCFinder
Washington has just recently allowed legal cannabis and with the harsh rules and regulations governing the green, there aren't a lot of shops around. In fact, Seattle only has one, called Cannabis City. The shop is the only recreational store in the city and has been since the initiative took effect this year. Even though the idea of being the only recreational store may seem awesome, the high demand is overtaking the supply, as Cannabis City realizes the problems that come with being the only pot shop in Seattle.
Cannabis City has an influx of over 600 customers PER DAY. This number is incredible and it's clear that the business might have trouble handling such a high volume. With that many customers coming through the door a day, Cannabis City runs out of bud at least once a week. They just can't keep their shelves stocked in order to supply Seattle with recreational weed. Amber McGowan, the owner of Cannabis City, says that another pot shop would be welcomed and they impatiently wait for the opening of a second store, Uncle Ike's, any day now.
Something else the shop didn't expect? A crazy amount of business on football Sunday. Although, seeing as how majority of stoners don't seem to drink and would rather toke, this crazy inflow of business makes sense. Last Sunday, the shop pulled in an extra 250 customers. With the average being 600, you have to imagine that Cannabis City potentially serviced almost 1,000 customers just on that Sunday alone. The shop ended up completely selling out, something that McGowan said was a great surprise.
With so many customers coming in the door, the shop has to cap the amount bought at a mere five grams. "People can't even come in to buy an ounce of whatever product they want," McGowan said. "We need a couple more retailers to stay afloat." It's not like the growers can grow the pot faster, so hopefully some relief will arrive for Cannabis City and they'll be able to continue selling their products to the stoners in Seattle.
New Mexico Credit Unions To Close Medical Marijuana Accounts
Category: News | Posted on Fri, October, 3rd 2014 by THCFinder
Eight months after the Federal Justice Department and Treasury Department announced new guidelines allowing banks to work with marijuana businesses, some of the credit unions in New Mexico sent letters to close to half of the State’s licensed medical marijuana producers saying they will no longer accept their business and proceeded with closing their accounts. The credit unions assert that they are unable to comply with federal guidelines for servicing the accounts. This move leaves producers in the lurch, with either having to operate on a cash only basis or scramble to find another financial institution willing to take their business. In February 2014, the Obama Administration announced new guidelines that will allow banks to legally provide financial services to state-licensed marijuana businesses. Twenty-three states and Washington D.C. have legalized marijuana for medical use; two of those states (Colorado and Washington) recently legalized marijuana like alcohol.
“It is disappointing to see that the banking industry in New Mexico is failing to protect medical patients and small businesses in light of the assurances the federal administration has provided and a robust and thriving medical marijuana industry in the state,” said Emily Kaltenbach, state director of the Drug Policy Alliance. “This abrupt move has all of us asking why they are unexpectedly ceasing to do business with the marijuana industry in New Mexico. We would like to know why they are unable to comply with the federal guidelines.”
Many banks have been afraid to open checking or savings accounts for legalized marijuana businesses out of fear of breaking federal law. As a result these businesses are forced to deal with large amounts of cash potentially creating a public safety risk for the industry.
“Even though the federal government is OK with banks and credit unions taking cannabis business deposits, they are not doing it in New Mexico,” stated Len Goodman, the executive director of NewMexicann who received a letter from the State Employees Credit Union (SECU) dropping their account. “We will not know for a few days or weeks whether we can find a work around with other kinds of financial institutions or not. In the meantime starting this Wednesday, all transactions will be cash only.”
The licensed producers who have received letters are having trouble finding other financial institutions in the state willing to take their business.
William Ford, executive director of R. Greenleaf Organics also received a letter from SECU indicating their business account would be closed. Ford expressed his concern that while Wells Fargo does the banking for the New Mexico Department of Health and the state’s medical cannabis program, and undoubtedly makes a profit from that business, they are unwilling to do business with the producers. “A bank that does business with our state and profits from that business, should be expected to follow our state laws and provide services to all law abiding entities in the state. If they don’t agree with the laws of our state then they shouldn’t be our bank,” stated Ford.
Last February, in a joint statement, the U.S. Department of Justice and the Financial Crimes Enforcement Network, a bureau of the U.S. Department of the Treasury, said the new guidelines give “greater financial transparency” to an industry that remains illegal in nearly every state. It also makes clear that banks would be helping law enforcement with “information that is particularly valuable” in filing regular reports that offer insights about how marijuana businesses work.
The Drug Policy Alliance (DPA) is the nation’s leading organization of people who believe the war on drugs is doing more harm than good. DPA works for drug policies based on science, compassion, health and human rights.
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