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Uh-Oh! Canada's Recreational Marijuana Bill Could Be in Serious Trouble (Along With Canadian Pot Stocks)

Category: News | Posted on Wed, June, 28th 2017 by THCFinder

The marijuana industry has been practically unstoppable over the past couple of years, which is a big reason why investors have flocked to marijuana stocks, and select state legislatures have moved to legalize cannabis as a means of generating new tax revenue.

In North America, $6.9 billion worth of medical and recreational weed was sold last year, according to ArcView Market Research, though $46.4 billion in sales remained in black market channels. By 2021, ArcView foresees legal sales jumping to north of $22 billion annually, implying the ongoing legalization of pot in various U.S. states, and perhaps north and south of the U.S. border. The potential to move current black market consumers into legal channels is the entire reason why marijuana stocks have been soaring of late.

Read More:http://host.madison.com/business/investment/markets-and-stocks/uh-oh-canada-s-recreational-marijuana-bill-could-be-in/article_4fab242e-0f09-59b2-b8d6-53e37254202c.html


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Nevada’s On-Again, Off-Again Marijuana Sales Back On

Category: News | Posted on Tue, June, 27th 2017 by THCFinder

RENO, Nev. (AP) — Nevada regulators reaffirmed their intentions Friday to issue licenses necessary for retailers to begin selling pot for recreational use on July 1 while complying with a court order in a lawsuit filed by alcohol wholesalers who want a piece of the pot distribution business.

The retail licensees could include as many as 25 medical dispensaries in the Las Vegas area and four others in Reno that already have medical retail licenses, as long as they adhere to packaging requirements in an emergency regulation to be adopted Monday, state Department of Taxation spokeswoman Stephanie Klapstein said.

The fate of the recreational program has been in limbo since a Carson City judge ruled Tuesday that the ballot measure voters approved requires that alcohol wholesalers have exclusive rights to pot distribution licenses for 18 months.

Read More:http://hightimes.com/news/nevadas-on-again-off-again-marijuana-sales-back-on/


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Better Business Bureau Exposing Fake Online Weed Companies

Category: News | Posted on Mon, June, 26th 2017 by THCFinder

The Better Business Bureau (BBB), founded in 1912 to provide consumer protection and industry self-regulation, was a reaction to “medical quackery and the promotion of nostrums and worthless drugs,” according to the National Center for Biotechnology Information (NCBI).

So here we are, 105 years later, and the BBB has gone back to its original motivating objective.

Having received a tip through its own ScamTracker, the BBB stepped up to the plate and warned it was investigating two web-based businesses—Denver Marijuana and Denver Smoke Buds.

Their investigation found that the fake companies claimed to be selling a large variety of substances like bath salts and “research chemicals,” as well as marijuana products.

They checked out the business addresses, which didn’t compute and their hyperlinks led to false addresses.

Read More:http://hightimes.com/news/better-business-bureau-exposing-fake-online-weed-companies/


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U.S., Cuba Still Cooperating on Stopping Drug Smugglers

Category: News | Posted on Sun, June, 25th 2017 by THCFinder

HAVANA (AP) — The U.S. and Cuba are still cooperating to intercept drug smugglers even through the Trump administration has halted high-level meetings on stopping the flow of narcotics through the Caribbean, a top Cuban anti-drug official said Thursday.

The amount of drugs seized by Cuban authorities has tripled this year over the same period in 2016, to 1.8 tons of narcotics, said Antonio Israel Ibarra, the head of Cuba’s National Commission on Drugs.

That number is tiny compared to drug seizures in neighboring countries, but it represents a surge due largely to U.S.-Cuban cooperation on halting shipments of marijuana through or near Cuban territorial waters, Ibarra said.

Cuba maintains a pervasive state-security apparatus that has managed to keep levels of drug smuggling and serious crime to some of the lowest in Latin American and the Caribbean. U.S. officials say day-to-day cooperation on halting U.S.-bound human trafficking and narcotics has improved significantly since the re-establishment of diplomatic relations in 2015, with the two nations’ coast guards talking directly to each other and cooperating in real time on a regular basis.

Read More:http://hightimes.com/news/u-s-cuba-still-cooperating-on-stopping-drug-smugglers/


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Nevada Recreational Marijuana Sales to Start Next Weekend

Category: News | Posted on Sun, June, 25th 2017 by THCFinder

One week from Saturday, despite some recent road bumps, some medical marijuana dispensaries will be able to sell recreationally.

Governor Brian Sandoval has signed some emergency legislation, at the request The Department of Taxation, creating labeling guidelines for recreational marijuana. This legislation was necessary before sales began.

There is still an injunction filed by a Carson City judge limiting distribution licenses to people who currently hold liquor wholesale licenses. Channel 2 News has reached out to local Reno dispensaries since that decision and have been told they were still able to get a distributor and planned for a July 1st start date. This announcement might give them another option.

The Department of Taxation says that dispensaries that receive adult-use marijuana store licenses can sell the inventory they have on hand on July 1st as medical or adult-use, as long as the products sold as adult-use meet the packaging and labeling requirements established in the emergency regulation set to be adopted Monday.

Read More:http://www.ktvn.com/story/35738279/nevada-recreational-marijuana-sales-to-start-next-weekend


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Ex-Navy SEAL and CIA Agent Busted in Weed Smuggling Operation

Category: News | Posted on Sat, June, 24th 2017 by THCFinder

James Dennis Smith Jr., who served 16 years as a Navy SEAL as well as a CIA special agent, was arrested recently in Charlotte, North Carolina and charged with conspiracy to distribute and possession with intent to distribute over 1,540 pounds of weed.

Smith, 49, the proud recipient of a bronze star during his tour in Iraq and a Special Operations Medic of the Year Award, is accused of involvement in a major marijuana smuggling operation with ties to South Carolina.

In an affidavit, the DEA describes Smith as supplying marijuana via aircraft to two other men, Bryon and Carl Rye of Columbia, South Carolina. All three are part of the same case and are being held without bond.

Read More:http://hightimes.com/news/ex-navy-seal-and-cia-agent-busted-in-weed-smuggling-operation/


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