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Changes Mulled as Synthetic Drug Sentences Cause Confusion

Category: News | Posted on Tue, January, 24th 2017 by THCFinder

WASHINGTON (AP) — The men who sold it called it Mr. Miyagi, a mind-altering chemical compound mixed with vegetable material and resembling marijuana.

It was clear the drug was meant to be smoked for a potent high, notwithstanding the deceptive label that the product was potpourri not fit for human consumption. But less clear was how to punish the people who pushed it.

As drug enforcement authorities sound alarms over the effects and accessibility of synthetic drugs, the Mr. Miyagi case in Louisiana is but one example of how courts are struggling for consistency in dealing with substances that are developing faster than the laws to govern them. The result is a sentencing process that’s often bogged down by complex science and can yield uneven results in courtrooms around the country.

Read More:http://hightimes.com/news/changes-mulled-as-synthetic-drug-sentences-cause-confusion/


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How Big Could the Opportunity Be for Marijuana Stocks in California?

Category: News | Posted on Mon, January, 23rd 2017 by THCFinder

In November, Californians overwhelmingly voted to embrace pro-pot laws that clear the way toward creating the United States' biggest recreational marijuana market. Is California's marijuana market a boon to marijuana investors? Read on to see how big California's marijuana market could become.
 

California pioneered medical marijuana legalization in the 1990s, but it has been slower to endorse laws that open up the recreational marijuana market.

In 2010, California's Proposition 19 fell on deaf ears when 53.5% of voters opted against passing it. If it had been passed, Proposition 19 would've allowed Californian adults over age 21 to possess up to 1 ounce of marijuana for personal consumption, and to grow marijuana in a space of up to 25 square feet.


Read more:http://www.nasdaq.com/article/how-big-could-the-opportunity-be-for-marijuana-stocks-in-california-cm736466


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Iceland Figured Out How to Stop Teen Drug Substance Abuse—Can the Rest of the World to Do the Same?

Category: News | Posted on Mon, January, 23rd 2017 by THCFinder

In Iceland, teenage smoking, drinking and drug use have been radically cut in the past 20 years. Emma Young, of Mosaic Science, writes how they did it, and why other countries won’t follow suit. An abridged version of that article was written for HIGH TIMES by Maureen Meehan.

Twenty years ago Icelandic teens were among the heaviest-drinking youths in Europe. Today, it is exactly the opposite.

How did Iceland Do It?

The dramatic turnaround, radical and evidence-based, relied a lot on what might be termed enforced common sense.

“This is the most remarkably intense and profound study of stress in the lives of teenagers that I have ever seen,” said Harvey Milkman, an American psychology professor who teaches at Reykjavik University for part of the year.

Read More:http://hightimes.com/news/iceland-figured-out-how-to-stop-teen-drug-substance-abuse-can-the-rest-of-the-world-to-do-the-same/


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Oregon rakes in $60 million in state sales taxes from marijuana

Category: News | Posted on Sun, January, 22nd 2017 by THCFinder

Recreational marijuana sales in Oregon produced $60.2 million in state tax ­revenue in 2016, the first year of state-taxed pot sales.

For much of the year, ­marijuana sellers collected a 25 percent sales tax.

To produce the $60.2 million in tax revenue reported by the state Department of Revenue on Friday, total retail sales of marijuana and ­pot-laced products last year would have had to equal about $241 million.

Marijuana tax revenues ­exceeded projections, said Mazen ­Malik, senior economist for the Oregon Legislative Revenue Office. He had estimated ­marijuana sales would ­produce $44 million during the year, $16 million less than what came in.

Higher-than-predicted prices for marijuana extracts and edibles may have contributed to the higher than projected tax revenues, Malik said.

Read More:http://registerguard.com/rg/news/local/35198483-75/oregon-rakes-in-60-million-in-state-sales-taxes-from-marijuana.html.csp


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Legalization’s Impact: Growing Revenue, Narrowing Margins

Category: News | Posted on Sun, January, 22nd 2017 by THCFinder

The legalization of cannabis throughout North America has created many opportunities for companies and investors, but the increase in supply has made the industry less profitable over time. While the cannabis industry is expected to soar to more than $20 billion in just five years, driving significant potential revenue, prices have fallen anywhere from 25% on the retail side to nearly 50% for wholesalers, which has put a strain on profit margins.

In this article, we will take a closer look at these trends and how they could play out for companies operating in the burgeoning industry.

Significant Revenue Opportunity

ArcView Research estimates that the North American cannabis industry will triple in size to more than $20 billion in five years. In addition to recreational legalization in Canada, California, Nevada, Maine, and Massachusetts’ recreational legalization will be key revenue drivers. Many companies have already benefited from these trends in both the U.S. and Canada and could experience even greater revenue growth over the coming years.

Read More:https://www.theweedblog.com/legalizations-impact-growing-revenue-narrowing-margins/


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Israel Is Running Out of Marijuana

Category: News | Posted on Sun, January, 22nd 2017 by THCFinder

Israel has big plans for cannabis.

Already a worldwide leader on marijuana-related research—with a government-approved, government-funded national research center under construction, and “millions of shekels” invested into companies working on marijuana products—Israel’s government has allowed medical marijuana as a tonic for intractable illnesses since 1992. Now, as legalization spreads like spider mites across America, Israel believes marijuana can be a money-making export product.

Israelhas plans to begin exporting medical marijuana to other countries within a few years, but in the short term, the country’s cannabis program is a victim of its own success.

As things stand now, Israel is going to run out of weed.

Read More:http://hightimes.com/news/israel-is-running-out-of-marijuana/


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