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Microsoft gets into the Cannabis business!

Category: News | Posted on Fri, June, 17th 2016 by THCFinder

microsoft-gets-into-the-cannabis-businessFirst social media, now marijuana -- Microsoft Corp. is so hip these days.

Three days after investing in LinkedIn Corp. LNKD, -0.19%  in a record-setting $26 billion deal, the company announced its first venture into the world of marijuana, striking a partnership with KIND Financial to provide seed-to-sale software to state and local governments for the management of cannabis commerce and distribution.

The deal makes Microsoft MSFT, -0.47%  one of the first major technology companies—and one of the first major publicly traded companies -- to acknowledge the rapid legalization of marijuana, with recreational use already legalized in Alaska, Colorado, Oregon, Washington and Washington D.C., and up for vote soon in five other major states, including California.

Major brands have been mute on the controversial topic, but more have started to show their support as acceptance has spread. Last month, Walgreens Boots AllianceWBA, -0.70% posted a blog touting research showing the benefits of medical marijuana, which is now legal in 24 states.

The legal marijuana industry is expected to balloon in coming years. Sales of legalized marijuana are projected to hit $6.7 billion this year, compared with $5.4 billion a year ago, according to industry tracker ArcView Market Research.

Read more: http://www.marketwatch.com/story/microsoft-gets-into-the-weed-business-2016-06-16


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Senate Appropriators Vote To Open Banking For Marijuana Businesses

Category: News | Posted on Fri, June, 17th 2016 by THCFinder

congress medical marijuanaA 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).

“For the second year in a row, the Senate’s budget writers have voted 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.”

“While an appropriations amendment isn’t a permanent fix to the banking problem, it is a significant step to correct a dangerous and unfair burden on responsible small-business owners and regulators.

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

Read Morehttp://www.theweedblog.com/senate-appropriators-vote-to-open-banking-for-marijuana-businesses/:


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NY State Assembly Passes Legislation To Seal Past Marijuana Possession Convictions

Category: News | Posted on Fri, June, 17th 2016 by THCFinder

new york marijuana decriminalization assemblyYesterday, the New York State Assembly voted in support of A10092, a bill that will seal the criminal records of people who have been unjustly and unconstitutionally arrested for simple possession of marijuana in public view. The bipartisan vote was 99 in favor and 42 opposed. Over the last 20 years, over 700,000 New Yorkers have been arrested for simple possession of marijuana. Those convicted face significant barriers to accessing education, employment, housing opportunities, and other state services.

“I introduced the marijuana sealing bill because drug laws have created a permanent underclass of people unable to find jobs after a conviction,” said Assemblymember Crystal Peoples-Stokes.“One of the most damaging issues derived from the war on drugs is that the policies are inherently racist. Communities of color have been devastated by bad drug policies and hyper-criminalization for the last 40 years. It is an approach that has never worked and has caused significantly more harm than good to our communities and to our families. If today’s moment of increased attention to heroin encourages us to center public health in our drug policy, then we need to ensure that we are making amends to communities of color by alleviating the burden bad policies have had on their lives. Sealing low-level marijuana possession convictions is the first step to reintegrating thousands of New Yorkers who are inhibited daily from accessing employment, housing and an education all due to a conviction on their record for simple possession of marijuana.”

Read More:http://www.theweedblog.com/ny-state-assembly-passes-legislation-to-seal-past-marijuana-possession-convictions/


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Can Pot Smoking Save Atlantic City? Pol Plans Legalization

Category: News | Posted on Fri, June, 17th 2016 by THCFinder

ATLANTIC CITY, N.J. (AP) -- Forget gambling, nightclubs or spas. One New Jersey lawmaker believes the future of Atlantic City may lie in pot.

Democratic Assemblyman Reed Gusciora (Gush-ORR'-uh) says he will introduce a bill Thursday to let voters decide whether to make recreational use of marijuana legal only in Atlantic City.

It's called the Promoting Opportunities for Tomorrow, or POT, bill.

It would put the question on a statewide general election ballot asking whether to permit the commercial growth, sale, possession, consumption, and taxation of marijuana within the boundaries of Atlantic City by those 21 and older.

Here's a buzz kill: The pot would be taxed at 20 percent of its market price.

But City Council President Marty Small says promoting drug use is not the way to balance the city's books.

Read More:http://www.hightimes.com/read/can-pot-smoking-save-atlantic-city-pol-plans-legalization


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Colorado Bans Weed Gummy Bears

Category: News | Posted on Thu, June, 16th 2016 by THCFinder

Last Friday, Colorado governor John Hickenlooper signed House Bill 1436 into law, effectively banning THC-infused gummies in the shape of humans, animals or fruit. These shapes will be illegal starting July 1, so stock up while you can.

A purely political move which will do nothing to curb accidental ingestion of cannabis edibles by children, this ban on certain gummy shapes is a reactionary measure by lawmakers who fear that cannabis candies attract kids.

While common shapes like bears and fish that mimic mainstream candy will be banned, cannabis gummies shaped like stars, weed leaves or other geometrical shapes are still OK to produce. 

Read More:http://www.hightimes.com/read/colorado-bans-weed-gummy-bears


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OLCC Approves Cannabis Tracking System 3rd Party Software Providers

Category: News | Posted on Wed, June, 15th 2016 by THCFinder
oregon liquor control commission olcc marijuana

(via oregonlive.com)

The Oregon Liquor Control Commission and Metrc (TM) have approved four software solution providers whose products are compatible for integration with the Oregon Recreational Marijuana Program Cannabis Tracking System (CTS).

These products will allow OLCC recreational marijuana licensees to electronically transmit inventory and sales data into the CTS, a time-saving step that eliminates the need for additional updating by manual data entry.

The approved companies include: OMMPOS of Astoria, OR, Flowhub of Denver, CO, Greenbits of Portland, OR and Odava of Portland, OR. The four companies currently have clients using their software solutions in Oregon‘s medical marijuana system.

Software solution providers can apply for certification in five inventory management categories: sales, packages, transfers, plants, and harvests; certification is also available for administrative functions: strains, items, and rooms/locations.

All licensees in Oregon‘s Recreational Marijuana system are required to use the CTS. Licensees are not required to use POS or inventory management software and can enter their CTS data manually. The OLCC is not endorsing these software solutions.

Read More:http://www.theweedblog.com/olcc-approves-cannabis-tracking-system-3rd-party-software-providers/


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