Prices Shoot Up 200 Percent in Nevada as Weed Flies off the Shelves
When legal weed sales went into effect on July 1, the excitement was palpable. Now, weed shortages and spiked up prices are also becoming palpable, verging on untenable.
Between distribution issues and much larger than expected sales, dispensaries and producers alike are freaking out; there’s not enough weed to go around, aggravated by the fact that there are only two distributors for retails outlets. Serious understaffing.
The market simply cannot keep up with the demand, which as we learned in Econ 101, has resulted in an increase in the price of marijuana—a 200 percent increase in just one month.
Aspiring Teacher Busted for Smuggling Pot to Pay for Entrance Exam Tutor
Aspiring teacher Muthem Babitha recently learned a bitter lesson—that the road to hell is paved with good intentions—when she was arrested, along with her family members, for smuggling marijuana in Andhra Pradesh, India.
Babitha, 25, from port city Visakhapatnam, in the Indian state of Andhra Pradesh on the Bay of Bengal, and two accomplices, her cousin Sunil Kumar, 20, also from Visakhapatnam, and Bidyasagar Singh, 25, from Odisha, were held by the Secunderabad Railway police officers last week, with 100 kg of marijuana, broken up into 15 and 20 kg packets, worth approximately $23,323, (15 lakh) reported the Deccan Chronicle.
Despite the ambitiousness of their endeavor, they’re not seasoned smugglers. In fact, it was their first attempt, and meant to be a means to an end.
Law Firms Hedge Bets on Marijuana Being Legalized Nationwide
PHILADELPHIA (AP) — A number of Philadelphia-area law firms are setting up practices to serve the cannabis industry despite concerns of an uncertain future.
Many of the city's biggest law firms — including Duane Morris, Fox Rothschild and Cozen O'Connor — have recently established practices to serve the cannabis industry as Pennsylvania gears up to make medical marijuana available to patients by early 2018.
The Philadelphia Inquirer reported (http://bit.ly/2vS4Pm3 ) the uncertainty comes from the apparent disconnect between state and federal laws.
Marijuana has been legalized in some form by legislatures in 26 states. But federal law — under the supremacy clause of the U.S. Constitution — supersedes all state laws.
Nevada Pot License Expansion on Hold Again Until August 29
CARSON CITY, Nev. (AP) — Nevada’s marijuana regulators have agreed to delay the expansion of distribution licensing to meet growing demand at pot retail stores until the state tax commission can hear another appeal from a group of state liquor wholesalers next week.
A Carson City judge lifted an injunction last week that had prohibited the Nevada Taxation Department from licensing anyone other than alcohol businesses to transport recreational marijuana from cultivators to dispensaries.
Judge James Russell said he had no authority to override the department’s decision earlier this month that there weren’t enough alcohol distributors to keep up with demand.
Philippines: Duterte Calls for Genocide Against Drug Users
Police in the Philippines killed 32 people in a wave of anti-drug operations north of the capital, Manila—making Wednesday the single deadliest day so far of President Rodrigo Duterte‘s ultra-deadly War on Drugs.
Over 100 were also arrested in the sweeps—overwhelmingly street-level dealers—and dozens of firearms reportedly seized. The operations were jointly carried out by National Police and Bulacan provincial authorities. Duterte expressed open enthusiasm for the bloodshed—and warned that it is just beginning.
“There were 32 killed in Bulacan in a massive raid, that’s good,” he said in a speech. “Let’s kill another 32 every day. Maybe we can reduce what ails this country.”
Oregon among pot-legal states cracking down on marijuana industry’s black market
PORTLAND — Well before Oregon legalized marijuana, its verdant, wet forests made it an ideal place for growing the drug, which often ended up being funneled out of the state for big money. Now, officials suspect that pot grown legally in Oregon and other states also is being smuggled out, and the trafficking is putting America’s multibillion-dollar marijuana industry at risk.
In response, pot-legal states are trying to clamp down on “diversion” even as U.S. Attorney General Jeff Sessions presses for enforcement of federal laws against marijuana.
Tracking legal weed from the fields and greenhouses where it’s grown to the shops where it’s sold under names such as Blueberry Kush and Chernobyl is their main enforcement measure so far.
In Oregon, Gov. Kate Brown recently signed into law a requirement that state regulators track from seed to store all marijuana grown for sale in Oregon’s legal market. So far, only recreational marijuana has been comprehensively tracked.
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