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Recreational Marijuana Sales Tax Begins Next Week In Oregon

Category: News | Posted on Wed, December, 30th 2015 by THCFinder
marijuana taxes tax

(via dailyfinance.com)

Limited recreational marijuana sales began in Oregon on October 1. Since that time, customers have not had to pay any tax on recreational marijuana. That changes next week when a recreational marijuana sales tax goes into effect in Oregon. Per Oregon Live:

Recreational marijuana consumers in Oregon should prepare for sticker shock starting Monday when a 25 percent sales tax kicks in.

The Oregon Legislature this year signed off on allowing medical marijuana dispensaries to sell recreational pot to anyone 21 and older. Those sales, which began Oct. 1, have been tax free. But that holiday comes to an end Jan. 4, when the state will impose a sales tax that extends until the end of 2016.

The Oregon Liquor Control Commission, the agency regulating the recreational marijuana industry, isn’t expected to open stores until late 2016. Once the liquor commission’s program is up and running, the 25 percent tax will be replaced with a permanent 17 percent sales tax.

Read More:http://www.theweedblog.com/recreational-marijuana-sales-tax-begins-next-week-in-oregon/


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Company to Offer First Medical Marijuana Certified as Kosher

Category: News | Posted on Wed, December, 30th 2015 by THCFinder

Vireo Health says its non-smokable medical cannabis products have been certified as conforming to the Jewish dietary law by the Orthodox Union.

Vireo says it's the first time a medical cannabis product has been deemed kosher.

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The Orthodox Union says it awarded certification after inspecting Vireo's facilities to ensure the marijuana was grown and processed according to kosher standards. Those include, for example, insect-free plants.

Vireo says the certification will help the company serve patients among New York's Jewish population, the nation's largest. Its program is slated to start next month and will serve patients in New York state with certain qualifying conditions.

Source:http://www.nbcnews.com/business/business-news/company-offer-first-medical-marijuana-certified-kosher-n488161


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Pot Bank Begs for Access to Nation's Banking System

Category: News | Posted on Tue, December, 29th 2015 by THCFinder

 DENVER (AP) — The booming marijuana industry went to a federal judge Monday seeking an answer to the problem that has vexed business owners trying to emerge from the black market: Now that pot is legal and taxed in some states, why can't they put the proceeds in a bank?

A Colorado credit union designed to serve the pot industry - Fourth Corner Credit Union - was challenging a decision by the U.S. Federal Reserve Bank of Kansas City to keep the pot bank from accessing the nation's financial system. The feds' rejection earlier this year means that the pot bank can't take deposits or issue credit - leaving many marijuana businesses operating on a cash-only basis.

"What do you want us to do with the money?" cried an exasperated Mark Mason, lawyer for the credit union, which was chartered by Colorado last year but has been unable to start taking customers.

Read More:http://www.hightimes.com/read/pot-bank-begs-access-nations-banking-system


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Mexico Set To Debate Marijuana Legalization On January 25th

Category: News | Posted on Tue, December, 29th 2015 by THCFinder

mexico flag marijuanaMexico is set to hold a series of debates about marijuana legalization. The first debate is scheduled for January 25, with the last one wrapping up on February 17. I first heard about the announcement via Tom Angell, who wrote about the debate schedule recently on Marijuana.Com:

A leading Mexican lawmaker just announced that the country’s Congress will hold a series of debates on legalizing marijuana in the new year.

“This will be an unprecedented year for Congress in terms of exchange of information, assessments and debate in which legislators and specialists participate,” Jesus Zambrano Grijalva, president of the Congress’s Permanent Committee, said in a press release on Sunday. “We can discuss, ask questions, doubts, listen to opinions, suggestions on what should be a comprehensive policy for drugs in our country. This is an issue that we have to discuss, so it must be a true exercise of enrichment.”

The announcement of the debate sessions, which are set to begin on January 25, comes less than two months afterMexico’s Supreme Court ruled that individuals have a right to grow and distribute marijuana for personal use. While that case only currently applies to the four individuals who brought it, the right to cultivate and consume cannabis would become binding nationwide if the court ruled similarly a handful of additional times.

Read More:http://www.theweedblog.com/mexico-set-to-debate-marijuana-legalization-on-january-25th/


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Mexican marijuana farmers see profits tumble as U.S. loosens laws

Category: News | Posted on Tue, December, 29th 2015 by THCFinder

 started growing marijuana as a teenager and for four decades earned a modest living from his tiny plot tucked at the base of these rugged mountains of western Mexico.

He proudly shows off his illegal plants, waist-high and fragrant, strategically hidden from view by rows of corn and nearly ready to be harvested.

"I've always liked this business, producing marijuana," the 50-year-old farmer said wistfully. He had decided that this season's crop would be his last.

The reason: free-market economics.

The loosening of marijuana laws across much of the United States has increased competition from growers north of the border, apparently enough to drive down prices paid to Mexican farmers. Small-scale growers here in the state of Sinaloa, one of the country's biggest production areas, said that over the last four years the amount they receive per kilogram has fallen from $100 to $30.

Read More:http://www.latimes.com/world/mexico-americas/la-fg-mexico-marijuana-20151230-story.html


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Syrian Hashish Harvest Workers Stranded in Lebanon

Category: News | Posted on Mon, December, 28th 2015 by THCFinder

We noted a year ago that ISIS was burning the cannabis fields in its areas of control in Syria (even as reports mount that the entire "Islamic State" army is hyped up on speed). In Lebanon's hashish heartland of the Bekaa Valley, meanwhile, cannabis growers have been arming to defend their turf, crops and livelihood in case ISIS invades.

Now, both Reuters and National Public Radio have run reports over the past week on the plight of season migrant laborers who come from Syria to the Bekaa to help harvest cannabis and produce hashish—activities just winding down now. But those who have come this year from the Syrian province of Raqqa cannot return home. Raqqa is now controlled by ISIS, its eponymous provinicial capital the de facto capital of the "Islamic State." And if word got out that these migrant laborers had worked in the hashish industry, they'd be marked for death.

Writes Reuters: "Wearing scarves over their faces to protect them from the crop, the women and their relatives work in fields of the sticky green, spiky-leafed plants. It is a job that migrant workers from neighboring Syria have done for many years, spending a few months a year in the region before returning home. Since the rise of Islamic State, it is now a task that could put them, and their family back in Syria, at risk of harm including death..." A teenaged laborer named only as Aisha said, "If Islamic State back home knew we work with hashish, they would cut us" with knives.

Read More:http://www.hightimes.com/read/syrian-hashish-harvest-workers-stranded-lebanon


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