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New Report Says California Marijuana Sales to Top $6.5 Billion by 2020

Category: News | Posted on Wed, August, 24th 2016 by THCFinder

Oakland, CA – Arcview Market Research, the leading publisher of cannabis market research, in partnership with New Frontier, the cannabis Big Data and analytics authority, has released its 2016 California Legal Cannabis Market State Profile, which shows the potential growth of the adult use market if California voters choose to legalize adult use cannabis in November.  The report finds that over the next four years, the official Arcview Market Research legal cannabis sales projection will grow at a compound annual growth rate of 23.1%, from $2.8 billion in 2016 to an estimated $6.5 billion by 2020.

“California is the 6th largest economy in the world. The opportunity for jobs, tax money and wealth creation made possible by California ending marijuana prohibition cannot be overstated,” said Troy Dayton, CEO of The Arcview Group.

Read More:http://www.theweedblog.com/new-report-says-california-marijuana-sales-to-top-6-5-billion-by-2020/


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Justice Department: People Cannot Be Held in Jail Because They Cannot Afford Bail

Category: News | Posted on Tue, August, 23rd 2016 by THCFinder

It is not unusual for a minor drug offender to be held behind bars simply because he or she does not have the financial resources to afford bail. However, last week, the Justice Department denounced this action in court, saying that it is unconstitutional to keep defendants locked up in jail because they cannot raise the money required for their release.

“Bail practices that incarcerate indigent individuals before trial solely because of their inability to pay for their release violate the Fourteenth Amendment,” the Justice Department wrote in a first-of-its-kind amicus brief filed in federal court on Friday.

The decision comes in light of a case involving a 54-year-old Georgia man by the name of Maurice Walker, who was busted by the Calhoun Police Department in 2015 for being a “pedestrian under the influence.” The filing indicates that Walker, who has a “serious mental health disability and limited income with no assets,” was told that he would have to remain in jail until his court date unless he could pay the fixed bail amount of $160—the amount set for the offense of being a pedestrian under the influence.

Read More:http://hightimes.com/news/justice-department-people-cannot-be-held-in-jail-because-they-cannot-afford-bail/


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Don Koshmider’s Court Victory Against Prosecutor Mike Rola Indicative of Other Cases in Michigan

Category: News | Posted on Mon, August, 22nd 2016 by THCFinder

CADILLAC- All charges against Don Koshmider were dismissed.

That’s the short version of the story. The long version involves raids, prosecutors, politically-charged motives and actions by law enforcement that are not supported by the communities they claim to protect.

“I feel fantastic!” Don told me, in an exclusive TCC interview.

“As Don’s attorney I can say we were prepared at the preliminary exam to present a defense to the charges,” said criminal defense attorney Josh Covert, who represented Koshmider in court. “The prosecution was not prepared to hold the hearing and really had no choice but to dismiss the charges for now.”

Koshmider has been an active figure in Michigan’s marijuana movement for several years. He was vocal and visible in Gaylord during the multiple protests held there to oppose a series of raids on medical marijuana distribution centers. Koshmider helped with the petition drive to enact an ordinance in that community to authorize the Centers.

Read More:http://www.theweedblog.com/don-koshmiders-court-victory-against-prosecutor-mike-rola-indicative-of-other-cases-in-michigan/


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‘Voluntary’ Drug Testing Comes to New Jersey School District

Category: News | Posted on Mon, August, 22nd 2016 by THCFinder

From New Jersey comes the unwelcome news that the Lacey Township Board of Education has voted to approve a program of “voluntary” random drug-testing for middle school students.

“I’m a supporter for any intervention to give another reason for kids to say ‘no’ and that can start at any age, especially with our young teens,” district superintendent Craig Wigley told NJ Advance Media after the Aug. 15 vote. Seventh and eighth graders who participate in athletic programs or extracurricular programs will be given the “option” to participate in the testing program, with parental consent.

Read More:http://hightimes.com/news/voluntary-drug-testing-comes-to-new-jersey-school-district/


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The DEA has just been ‘toying with us’ on legalizing marijuana

Category: News | Posted on Sun, August, 21st 2016 by THCFinder

Last week, the DEA decided not to reschedule the classification of marijuana as a legal drug. According to federal drug codes, cannabis is still as deadly and addictive as heroin, with no known medical value. I was surprised to see how many articles were written about this decision without mentioning the obvious: This was going to happen. The DEA was just toying with us.

 

There were petitions that received enough signatures and then some senators wrote the DEA a letter, so the DEA had to give the matter "serious consideration." But as long as the DEA is in charge of both writing the law and enforcing it, they're going to keep things status quo, no matter what American taxpayers actually want.

Read More:http://www.cnbc.com/2016/08/18/the-dea-has-just-been-toying-with-us-on-legalizing-marijuana-jesse-ventura-commentary.html


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High June in Colorado — Retail Cannabis Sales Get Silver Medal

Category: News | Posted on Sat, August, 20th 2016 by THCFinder

Boulder, Colorado — June this year gave us National Doughnut Day, International Picnic Day, Father’s Day, the Summer Solstice and plenty more. But in Colorado, it presented yet something else worth celebrating — the second busiest month of cannabis sales since the state legalized recreational cannabis.

“The June numbers reflect the profound and sustained boom going on in the cannabis industry in Colorado,” said BDS Analytics founder and CEO Roy Bingham. “Month after month our data reveals heightened retail sales.”

June was awfully kind to Colorado cannabis in 2016, clocking $112 million in dispensary sales,

a 31-percent increase over June 2015. The adult-use channel drove the growth, rising 47 percent to $74 million. Medical outlets grew 8 percent to $38 million, but all of that dollar growth came from a 9-percent average selling price increase as sales of individual units in medical declined 0.5 percent.

Read More:http://www.theweedblog.com/high-june-in-colorado-retail-cannabis-sales-get-silver-medal/


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