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Jon Stewart Calls Out 'Total Narc' Chris Christie For Hypocrisy On Marijuana

Category: News | Posted on Tue, April, 21st 2015 by THCFinder

Jon Stewart celebrated 4/20, the unofficial marijuana holiday, on Monday night's "Daily Show" with his special "Uncle Jonny's Super Kush Totally Chillaxed Sticky-Icky Informative Marijuana News Report."

The segment got off to a promising start with an over-the-top promo from CNN for a weed special that Stewart said sounded "cool as fuck," but in reality turned out to be a serious report about medical marijuana and tax revenue from legal weed sales.

"Well you fucked me, CNN," Stewart said. "I'm ready for Weedstock, the whole thing, and you're giving me this. This is an actual news report."

However, nothing harshed his mellow quite like New Jersey Gov. Chris Christie (R), the "one guy who's got to be a total narc."

Christie claims that if elected president, he would crack down on states that have legalized marijuana. He said the drug is addictive, banned under federal law and that states "should not be able to sell it or profit from it."

But as Stewart points out, Christie legalized Internet gambling in New Jersey -- something that's addictive and frowned upon by federal law.

"Well there is a difference, though, to be fair," Stewart said. "If you smoke too much pot, no one comes to break your fucking knees."

Source:http://www.huffingtonpost.com/2015/04/21/jon-stewart-chris-christie-marijuana_n_7106134.html


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5 companies with the biggest buzz in the marijuana industry

Category: News | Posted on Tue, April, 21st 2015 by THCFinder

These are some of the companies with reason to celebrate on 4/20, the annual holiday for marijuana-lovers. 

Today is April 20, aka 4/20, the semi-official annual holiday for the marijuana industry and pot-enthusiasts around the world.

 
People flock to public celebrations across the country that, in some cases, attract crowds of thousands. Pot-related businesses also show off their products.
 
Over the weekend in Colorado, hordes of people got a head-start in what is a regulated market for both medical and recreational marijuana. In Denver, roughly 125,000 fans of Colorado’s progressive marijuana laws gathered on public property for an annual 4/20 rally — the number has a murky history, but it’s a nod to the time of day when stoners often light up — while thousands more in that city attended High Times‘ annual Cannabis Cup.
 
(For more on the Cannabis Cup and the 4/20 holiday, read this excerpt from author Bruce Barcott’s new book, Weed the People: The Future of Legal Marijuana in America.)
 
At both events, vendors pitching products — from cannabis strains and marijuana edibles to vaporizers — as they look to cash in on the so-called “green rush” in a regulated pot industry that could generate more than $10 billion in annual legal sales by 2018, according to The ArcView Group, a cannabis-focused investment firm. Twenty-three states have legalized medical marijuana, while four states and Washington, D.C. have legal recreational pot.

Read More:http://fortune.com/2015/04/20/marijuana-industry-five-companies/


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United Coalition Files Initiative To Regulate Marijuana Like Alcohol In Arizona

Category: News | Posted on Mon, April, 20th 2015 by THCFinder

arizona marijuanaA unified coalition of organizations, activists, and marijuana businesses filed a statewide ballot initiative  with the Arizona Secretary of State on Friday that, if approved by voters in November 2016,  would end marijuana prohibition in Arizona and replace it with a system in which marijuana is regulated and taxed similarly to alcohol.

“It was a long and deliberative drafting process involving a diverse group of stakeholders,” said Carlos Alfaro, Arizona political director for the Marijuana Policy Project. “There were some bumps in the road, but in the end everyone came together to produce the best possible law for Arizona. We are united in this effort to end marijuana prohibition and replace it with a system in which marijuana is regulated and taxed similarly to alcohol.”

In summary, the Regulation and Taxation of Marijuana Act would:

  • allow adults 21 years of age and older to possess and privately consume and grow limited amounts of marijuana (it will remain illegal to consume marijuana in public);
  • create a system in which licensed businesses can produce and sell marijuana to adults and establish a Department of Marijuana Licenses and Control to regulate the cultivation, manufacturing, testing, transportation, and sale of marijuana;
  • provide local governments with the authority to regulate and prohibit marijuana businesses; and
  • establish a 15% tax on adult marijuana sales in addition to standard sales taxes.

Marijuana tax revenue will be used to fund the implementation and enforcement of regulations, and any additional revenue will be allocated to the Department of Education for construction, maintenance, operating costs, and full-day kindergarten programs and to the Department of Health Services for public health efforts.

Read More:http://www.theweedblog.com/coalition-files-initiative-regulate-marijuana-alcohol-arizona/


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Synthetic marijuana sends over 120 people to ER in one week

Category: News | Posted on Sun, April, 19th 2015 by THCFinder

In just one week, more than 120 people have landed in emergency rooms across the city because of bad reactions to synthetic marijuana, the Health Department said Friday.

The spike in ER visits occurred between April 8 and 15, with the majority of cases in East Harlem.

Synthetic marijuana — a plant-like material sprayed with chemicals to produce a high when smoked or ingested — is sold in grocery stores under street names like K2, Spice, Green Giant, Red Giant, AK-47 and “legal marijuana,” officials said.

It’s dangerous because of its unpredictable effects, including anxiety, confusion, agitation, rapid heart rate, seizures and fainting.

“That’s one risk, you don’t know exactly what you’re taking and exactly what effects it has on the body,” said Dr. Hillary Kunins, an assistant health commissioner.

Source:http://nypost.com/2015/04/18/synthetic-marijuana-sends-over-120-people-to-er-in-one-week/


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Dr. Sanjay Gupta Introduces Weed3

Category: News | Posted on Sat, April, 18th 2015 by THCFinder

CNN Chief Medical Correspondent and internationally-know physician Dr. Sanjay Gupta reports that the upcoming network airing of the new Weed 3: The Marijuana Revolution will show Americans that the national mood on medical marijuana is changing. “Even the President is talking about it. It feels like there’s something happening, it feels like there’s real movement and momentum on medical marijuana,” Dr. Gupta told host Steve Greene of The Full Melt Radio Show during the April 16 broadcast.

Gupta's first Weed program was an international sensation and catapulted Dr. Gupta into the thick of the debate regarding the medical and societal value of cannabis. “The first documentary sort of looked at what had happened in the past, the second looked at the current state of affairs at the time, and the third one is sort of looking toward the future. What’s this medicinal marijuana revolution going to feel like, look like? What is happening here?” Gupta explained.

Some of the people featured in past episodes of Weed have become household names in much of the country, including Charlotte Figi, the child whose use of medical marijuana eased the seizure she suffered from Dravet syndrome. Weed 3 will feature a new cast of scientists, Senators and patients.

“Besides hearing from the senators who have now proposed the most audacious legislation, besides hearing from the President, you are also going to meet… the scientists that have been studying it. One of the patients profiled is a veteran and investment banker who suffers from PTSD," Gupta said.

He described a failed treatment program that almost cost him his life. “He nearly died trying to get better,” Gupta said “He turns to cannabis… He is a completely changed man."

He also spoke of a “stay-at-home mom with kids who also suffers from post-traumatic stress disorder -- a churchgoing, homeschooled gal who never thought about marijuana. She’s tried it for the first time in October of 2014, and you’re going to see the impact it’s made on her life.”

Read More:http://www.hightimes.com/read/dr-sanjay-gupta-introduces-weed3


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Federal Politicians Stand Up For Tax Fairness In The Marijuana Industry

Category: News | Posted on Sat, April, 18th 2015 by THCFinder

irs marijuana taxes 280eU.S. Representative Earl Blumenauer (D-OR) and Senator Ron Wyden (D-OR) have introduced theSmall Business Tax Equity Act of 2015 in both the House and the Senate. The bills, which have bipartisan co-sponsors and have been endorsed by the National Cannabis Industry Association (NCIA)Americans for Tax Reform, and other advocacy groups, would end the punishing and unfair taxation levels legal cannabis businesses face because of Section 280E of the federal tax code.

“The small businesses that make up the legal cannabis industry are working overtime to be responsible, contributing members of their communities,” said Aaron Smith, executive director of NCIA. “So it’s particularly outrageous that when they try to do the right thing by paying their federal taxes, they end up penalized with double and triple tax rates.”

The 280E provision was added to the tax code in the 1980s after a convicted cocaine trafficker asserted his right to deduct business expenses from his federal tax filings. The provision was never intended to penalize cannabis businesses operating legally and in compliance state law. However, because it applies to the sale of Schedule I and Schedule II substances under the Controlled Substances Act, cannabis cultivators and dispensaries are prohibited from deducting the common expenses every other legitimate business can deduct, including rent, payroll, and state excise taxes. The result is effective tax rates that can range from 50 to 85%, absolutely crippling for a small business.

NCIA released a white paper today providing real-world examples of how 280E harms small businesses across the country.

“Instead of being able to create more jobs, increase salaries, or add benefits for their employees, these businesses are being forced to send more than two-thirds of their profits straight to the federal government,” said Smith.

The Small Business Tax Equity Act - S. 987 and H.R. 1855 - would create an exception to Section 280E which would allow legal cannabis businesses in compliance with state law to take normal business expense deductions like any other legal business. S. 987 has been co-sponsored by Sen. Jeff Merkley (D-OR) and Sen. Michael Bennet (D-CO). H.R. 1855 has been co-sponsored by Reps. Dana Rohrabacher (R-CA), Adam Smith (D-WA), Richard Hanna (R-NY), Jared Polis (D-CO), and Don Young (R-AK).

“Rep. Blumenauer, Sen. Wyden, and their co-sponsors are standing up for fairness and support for small business – something everyone should applaud,” said Smith. “We certainly do.”

Read More:http://www.theweedblog.com/federal-politicians-stand-up-for-tax-fairness-in-the-marijuana-industry/


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