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What Does Super Tuesday Mean for Cannabis Legislation?

Category: News | Posted on Mon, February, 29th 2016 by THCFinder

The biggest day of the primaries is upon us, with more delegates up for grabs on March 1 than any other time in the race. While marijuana reform is not a priority for most primary voters, the candidates' positions on cannabis could have an impact on how voters perceive them – especially in states where marijuana policy is being discussed. 

Only two out of 22 Super Tuesday races are happening in a state or territory where cannabis is completely illegal. Most states have some form of medical marijuana in the books – even if it's just provisions for non-psychoactive CBD oil. Then there are the cannabis-friendly states of Colorado, which is having Democratic and Republican caucuses, and Alaska, where Republicans will be caucusing. 

Read More:http://www.hightimes.com/read/what-does-super-tuesday-mean-cannabis-legislation


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Bills To Decriminalize, Legalize Marijuana Introduced In Michigan Senate

Category: News | Posted on Mon, February, 29th 2016 by THCFinder

michigan marijuanaSenator Coleman Young II introduced a bill and a Resolution related to marijuana in the Michigan Senate on Feb. 24.

Senate Bill 813 would establish the “Nonmedical Marihuana Code”. It would legalize marijuana and allow possession of one ounce and 5 flowering plants per adult, plus an unlimited amount of marijuana generated from the plants, provided that stash is kept where the garden is. Out-of-state visitors are allowed one-half an ounce of flower. Hashish: 5 grams for residents, one gram for tourists.

On the positive side, the bill allows for marijuana lounges; transfer of up to one ounce and six immature plants to another without compensation;  smoking and driving could result in a small fine for first and subsequent occurrences, with the possibility of suspended license;

Slightly disappointing are the provisions requiring marijuana gardens to be hidden from view by anyone and criminal protections for commercial extract makers agaist individuals making the substance for their own use. Although water- and glycerine-based extractions seem to be available to everyone, all other extraction methods are only legally performed by licensed marijuana products manufacturers- and violation is a three-year felony.

Read More:http://www.theweedblog.com/bills-to-decriminalize-legalize-marijuana-introduced-in-michigan-senate/


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Marijuana expo comes to Fort Worth as proponents prepare for a ‘Green Rush’

Category: News | Posted on Sun, February, 28th 2016 by THCFinder

FORT WORTH — There was a day when you’d have been considered under the influence to think that Texas might ever legalize marijuana.

But this weekend an event dedicated to that very notion drifted into the Fort Worth Convention Center.

Some came to the Southwest Cannabis Conference and Expo to advocate for marijuana’s medicinal use, while others sought business opportunities — from hemp-seed products and smoking paraphernalia to Uncle Bubba’s Cann-A-Chili.

Read More:http://thescoopblog.dallasnews.com/2016/02/fort-worth-convention-center-hosts-marijuana-convention-a-day-after-trump-rally.html/


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Sixty Percent Of Likely California Voters Support Marijuana Legalization

Category: News | Posted on Sun, February, 28th 2016 by THCFinder

vote for california marijuana initiativesBy Paul Armentano, NORML Deputy Director

A majority of likely California voters say that they intend to vote ‘yes’ this November for an initiative to regulate the retail production and sale of marijuana by adults, according to the results of a Probolsky Research poll released today.

Sixty percent of respondents say that they will vote in favor of an initiative this November “that would legalize marijuana for recreational use under California law and allow government to tax” its retail sales. Thirty-seven percent said that they would vote ‘no.’

Support was strongest among those between the ages of 18 to 34 (80 percent) and self-identified Democrats (69 percent). Republicans (38 percent) and those over the age of 65 (46 percent) were least likely to express support.

The Adult Use of Marijuana Act (AUMA), which is expected to appear on the November ballot, permits adults to legally grow (up to six plants) and possess personal use quantities of cannabis (up to one ounce of flower and/or up to eight grams of concentrate) while also licensing commercial cannabis production and retail sales. The measure prohibits localities from taking actions to infringe upon adults’ ability to possession and cultivate cannabis for non-commercial purposes. Both the California Medical Association and the state chapter of the NAACPhave endorsed the measure.

Read More:http://www.theweedblog.com/sixty-percent-of-likely-california-voters-support-marijuana-legalization/


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ArcView Hires Top Talent And Launches Winner’s Fund

Category: News | Posted on Sat, February, 27th 2016 by THCFinder

the arcview group troy dayton marijuana industryToday, The ArcView Group announced the launch of a Winner’s Fund that will deploy $50,000 into a top-rated company at each of its upcoming pitch events and the hiring of a Chief Mentor who will spend hours helping each company prepare to pitch ArcView’s 500+ high net worth investor members.

The Winner’s Fund is being funded by ArcView and some of its investor members and will be managed by ArcView’s partner NeWay Capital.  In order for a presenting company to win the $50,000 investment they must have the highest rating by ArcView members among companies with a pre-negotiated deal with NeWAY. This will be debuted at the next ArcView Investor Network event in Portland on May 1st-3rd, 2016.

“ArcView is already the top source of deal flow in legal cannabis industry.  The addition of the Winner’s Fund and a more robust mentorship process will deliver tremendous value to ArcView’s investor members by ensuring that the very best companies continue to come to ArcView and that they are properly prepared to present,” said ArcView CEO Troy Dayton

“I’m thrilled that ArcView has trusted NeWAY to manage this historic fund.  Now, when ArcView members rate these companies, there is really something impactful at stake in their ratings.  We believe that the collective wisdom of ArcView’s angel investors will identify some of the great success stories of this business boom,” said Nicholas Jenkins, Director at NeWAY Capital

Read More:http://www.theweedblog.com/arcview-hires-top-talent-and-launches-winners-fund/


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Montana Supreme Court Restricts Medical Marijuana Laws

Category: News | Posted on Sat, February, 27th 2016 by THCFinder

Montana’s medical marijuana community took a big hit today after a ruling from the Montana Supreme Court limited cannabis providers in the state to no more than three patients each. One of the most significant medical marijuana rollbacks attempted in the U.S. this decade, the decision will have untold negative consequences for the thousands of patients who rely on medical cannabis for maladies ranging from Crohn’s disease to seizure disorders.

Citing the period from 2008-2010, when the number of medical marijuana users in Montana rose from about 1,000 to more than 25,000 patients, the state’s ban seeks to severely limit commercial growth of the industry. The Supreme Court ruling – intended to curtail abuses perceived by the state as leading to a flourishing marijuana industry – says that it will restrict medical marijuana providers from receiving “any compensation for medical marijuana products or services.”

Read More:http://cannabisnowmagazine.com/current-events/montana-supreme-court-restricts-medical-marijuana-laws


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