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Nevada marijuana sales hit $27M in first month

Category: News | Posted on Tue, October, 3rd 2017 by THCFinder

RENO — Nevada took a gamble on recreational marijuana, and it’s paying off

Dispensaries sold $27.1 million of pot in Nevada in July alone. 

That's almost double what both Colorado and Oregon sold in their first months. It's almost seven times what Washington sold. 

Banking on weed, Nevada made $10.2 million off the fledgling industry during the first month of sales in July, according to the Nevada Department of Taxation. 

Of that, $6.5 million came from industry fees and $3.68 million came from tax revenue.

Read More:https://www.usatoday.com/story/money/nation-now/2017/09/28/nevada-marijuana-sales-hit-27-m-first-month/715183001/


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California Regulator Admits to Anxiety as Legal Pot Nears

Category: News | Posted on Tue, October, 3rd 2017 by THCFinder

LONG BEACH, Calif. (AP) — In about three months, recreational marijuana sales will kick off in California, yet no one knows exactly how the pot economy will work.

It could take until late November for the state to issue regulations that will govern the new marketplace.

Meanwhile, growers and sellers are wondering how the industry can function when some operators will have licenses and others might not. There are also questions about banking and federal law enforcement, since pot remains illegal in the eyes of the U.S. government.

“We all have anxiety,” top state marijuana regulator Lori Ajax told an industry group Thursday. “It’s not going to be perfect.”

Read More:http://hightimes.com/news/california-regulator-admits-anxiety-legal-pot-nears/


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Disabled Marijuana Growers Face Eviction

Category: News | Posted on Mon, October, 2nd 2017 by THCFinder

A family in Lewiston, Maine might be ousted from their home over cannabis plants they keep on the property. Despite the fact that it is legally permissible to use pot for medicinal purposes in the state, these marijuana growers face eviction from their federally subsidized $700-a-month apartment over cultivating cannabis in their own household specifically for medicinal use and pain alleviation.

And considering that Phil and Susan Deschene are both people living with disabilities, the situation is dire at best.

MARIJUANA GROWERS FACE EVICTION OVER FEDERAL CANNABIS PROHIBITION

Susan, a 65-year-old family counselor, and her 42-year-old son Phil, received notice from their landlords—a company (ironically) called Preservation Management—that they would be forced to leave their second-floor unit in the Healy Terrace apartments by October 2. The news came after inspectors came to the home on August 23, citing that the pair were “cultivating an illegal substance” on the property.

Read More:http://hightimes.com/news/disabled-marijuana-growers-face-eviction/


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As the top pot-producing state in the nation, California could be on thin ice with the federal government

Category: News | Posted on Mon, October, 2nd 2017 by THCFinder

California produced at least 13.5 million pounds of marijuana last year — five times more than the 2.5 million pounds it consumed.

Where did all that extra pot go?

The answer, experts say, is that much of it ended up in other states — some where marijuana is still illegal.

As California prepares to allow cannabis sale for recreational use, that surplus has become a problem.

Read More:http://www.latimes.com/politics/la-pol-ca-marijuana-surplus-export-20171001-story.html


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Wisconsin Cities Are Legalizing Marijuana Themselves

Category: News | Posted on Mon, October, 2nd 2017 by THCFinder

Wisconsin, the land that gave us Paul Ryan, Scott Walker and former sheriff Richard Clarke— malformed half-offerings from a higher power who ran out of copier toner and just gave up—is lagging far behind other nearby states in getting right with marijuana reform. Instead of waiting on state lawmakers, a handful of Wisconsin cities are legalizing marijuana on their own.

WISCONSIN AND CANNABIS LEGALIZATION

Like everywhere else in the U.S., a majority of the citizenry in Wisconsin favors legalization—and unlike nearby Illinois, Michigan, Minnesota and even North Dakota, Packers fans don’t enjoy so much as a workable medical marijuana system.

In Wisconsin, medical cannabis is limited to CBD oil only. There is a legalization bill in the state legislature—but considering it would require cooperation and a signature from Walker, currently on a holy quest to force all of the state’s welfare recipients to submit to urinalysis, it’s safe to assume cannabis reform at the state level is still a few big steps away.

Read More:http://hightimes.com/news/politics/wisconsin-cities-are-legalizing-marijuana/


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Colorado Continues to Put Cannabis Taxes to Good Use

Category: News | Posted on Sun, October, 1st 2017 by THCFinder

Colorado continues to put cannabis taxes to good use, as funds are currently being used to build safe housing for homeless people with mental health issues, addictions, survivors of domestic violence and the disabled. Governor John Hickenlooper said the funds going into supportive housing for those in need ultimately save the state millions in future hospital and incarceration costs.

CANNABIS TAXES FOR SOCIAL IMPROVEMENT PROJECTS

Touring a housing development in Denver being built on land donated by St. John’s Cathedral, Governor Hickenlooper reminded taxpayers that 40 percent of the homeless in Colorado actually have jobs but many were dealt a bad hand.

“That’s not the American dream, if you’re out there working 40 hours a week and still can’t afford an apartment,” he said. “This effort is looking at the other end of the spectrum; the chronically homeless, people who’ve had real challenges in their life and need the supportive services that this facility is going to provide.”

Read More:http://hightimes.com/news/colorado-continues-to-put-cannabis-taxes-to-good-use/


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