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Massachusetts Speaker: Suspend Pot Negotiations Until Budget Plan Approved

Category: News | Posted on Fri, July, 7th 2017 by THCFinder

BOSTON (AP) – The state’s top Democratic lawmakers clashed Wednesday over who’s to blame for the failure to pass two key pieces of legislation: an overdue state budget and a highly-watched bill making changes to the state’s voter-approved recreational marijuana law.

Speaker Robert DeLeo late Wednesday issued a statement asking House negotiators working to hammer out a compromise marijuana bill to suspend their talks until a final state budget is approved and sent to Republican Gov. Charlie Baker’s desk.

DeLeo said it’s important to get the budget bill wrapped up for the fiscal year that began July 1. He said he believes lawmakers can get a budget to Baker this week.

Read More:http://hightimes.com/news/massachusetts-speaker-suspend-pot-negotiations-until-budget-plan-approved/


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Nevada sees green as marijuana dispensaries make $1 million in first few days

Category: News | Posted on Fri, July, 7th 2017 by THCFinder

The state of Nevada stands to make about a million dollars in tax revenue from just the first few days of retail marijuana sales, according to preliminary sales figures announced Wednesday by the Nevada Dispensary Association.

Nevadans voted last November to legalize marijuana, and state regulators had authorized a total of 44 dispensaries to sell recreational pot by the time the law took effect at 12:01 a.m. on Saturday, July 1.

“Based on our sales and my conversations with other businesses, I believe there were at least three to five million dollars in sales over the weekend,” dispensary association director Riana Durrett said Wednesday. “This aligns with our projected 30 million dollars in sales over the next six months.”

Read More:http://www.washingtontimes.com/news/2017/jul/5/nevada-sees-green-marijuana-dispensaries-make-mill/


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How 2 Grad Students Rewrote Nevada’s DUI Laws on Pot

Category: News | Posted on Fri, July, 7th 2017 by THCFinder

In these dark days of science denial, or as some call it, willful ignorance, it’s encouraging when the work of a couple of grad students is taken so seriously that it changes one of the many erroneous laws on marijuana.

Two students at Touro University Nevada came to an important conclusion after their professor instructed the medical jurisprudence class to design a project involving medical law and public health and to participate in a poster competition.

“We were actually drawing a blank on what our project could be… when we read something in the paper about voters going to the polls on recreational marijuana,” said Charles Cullison who worked with Graham Lambert on the class project.

“We started to look into it, and it really developed,” added Cullison.

Read More:http://hightimes.com/news/how-2-grad-students-rewrote-nevadas-dui-laws-on-pot/


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Marijuana Sales in Nevada Exceed Stores’ Expectations

Category: News | Posted on Thu, July, 6th 2017 by THCFinder

LAS VEGAS (AP) — Recreational marijuana sales have exceeded the expectations of Las Vegas area store owners, who have seen long lines outside their dispensaries since Saturday, when Nevada became the fifth state with shops selling pot to the public.

That move jumpstarted a market projected to be fueled by the tens of millions of visitors that Sin City welcomes each year.

Eager pot customers on Monday again lined up before dispensaries opened their doors. Some were looking to make their first purchase since Saturday, and others were shopping for seconds. Tourists and locals alike have taken advantage of the change in state law.

Read More:http://hightimes.com/news/marijuana-sales-in-nevada-exceed-stores-expectations/


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Pot Is Legal in Las Vegas—But You Still Can’t Smoke It

Category: News | Posted on Wed, July, 5th 2017 by THCFinder

So you did it. You booked the flight, you booked the hotel and now you’re in Las Vegas, in the backseat of a hired car, on your way to buy some recreational marijuana.

Who knows—maybe you were one of the very first in line when the clock struck 12:01 a.m. on Saturday, July 1, and Nevada cannabis dispensaries were able to start selling over-the-counter to any adult 21 and older. If so, you have something in common with the crew that braved January cold and snow in Denver in 2014. You were there for an historic moment—the fourth state in the country to allow adults to buy weed, and the first of the four states that legalized marijuana on Election Day in November to record a sale.

But if you weren’t the first and haven’t yet made plans to take in Sin City’s latest delight, take heart: You, or any one of the 43 million people a year who visit Las Vegas every year, can still be the very first person to legally smoke marijuana in Las Vegas—whenever it is that the particular privilege is extended to the public.

Read More:http://hightimes.com/news/pot-is-legal-in-las-vegas-but-you-still-cant-smoke-it/


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Canada Has a Very Odd Marijuana Problem, and This Is Exacerbating It

Category: News | Posted on Wed, July, 5th 2017 by THCFinder

The marijuana industry is growing like a proverbial weed, and marijuana stock investors have certainly taken notice. According to cannabis research firm ArcView, North American legal pot sales totaled $6.9 billion last year alone. However, by 2021, they could be pushing to north of $22 billion. Considering that more than $46 billion in weed sales was conducted under the table in 2016, there's a multiyear, and perhaps even multidecade, opportunity for legal marijuana businesses to convert consumers from black market channels to legal customers.

The recent legalization of medical cannabis in Mexico, along with ongoing state-level approvals in the U.S., are expected to be a boon to the industry. But it's the near-term promise of our neighbors to the north that could offer the biggest catalyst.

Read More:https://www.fool.com/investing/2017/07/02/canada-has-a-very-odd-marijuana-problem-and-this-i.aspx


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