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

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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.”

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On D.C.’s one-year anniversary with legalized marijuana, work remains

Category: News | Posted on Thu, February, 25th 2016 by THCFinder

More than a year has passed since District voters legalized marijuana. On Feb. 26, 2015, it became legal for adults to possess up to two ounces of marijuana and cultivate up to six plants in their home. As a result, marijuana possession arrests decreased a whopping 98 percent from 2014 to 2015, dropping from 1,840 to just 32. In addition to the massive drop in marijuana possession arrests, it is worth noting that cumulative arrests for all marijuana offenses, including sales, also dropped 85 percent in that time.

This anniversary marks an enormous step forward not only for marijuana reform but also for criminal and racial justice in the District. Marijuana enforcement in the District has historically been racially biased; as recently as 2013 African Americans in the District were eight times more likely to be arrested for marijuana possession than white people, comprising a shocking 91 percent of possession arrests, even though rates of marijuana use and sales are comparable across racial lines and African Americans comprise roughly half the District population.

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A look at whether mailing marijuana is legal or not

Category: News | Posted on Wed, February, 24th 2016 by THCFinder

Spoiler alert: It’s not.

According to federal laws, shipping marijuana is a crime.

Although recreational pot sales are legal in states like Oregon, that doesn’t mean mailing weed is. Mailing pot is still a crime even if the shipment is from a state where recreational marijuana is currently legal.

State law versus federal law:

Antonio Gomez, of the U.S. Postal Inspection Service in Chicago, discussed the difference between federal and state laws on the matter.

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New laws could force marijuana dispensaries to close

Category: News | Posted on Tue, February, 23rd 2016 by THCFinder

Off licences, fast food restaurants and abandoned buildings line Gratiot Street in north-east Detroit where the cannabis dispensary 420 Dank stands.

The store is not owner Kim Gaetano's first foray into the medical marijuana business. The mother of two ran legal marijuana shops in Colorado and Washington before moving to Detroit to be closer to family.

Her shop sells cannabis flowers as well as edible products and has a 24-hour drive-through for patients who find it difficult to get out of their cars, especially in the harsh Michigan winter.

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Recreational Marijuana Sales Outpace Tax Registrations in Oregon

Category: News | Posted on Mon, February, 22nd 2016 by THCFinder

EUGENE, Ore. (AP) Nearly a fourth of Oregon's medical marijuana dispensaries selling the drug recreationally are not registered to pay taxes on those sales.

Dispensaries have until Feb. 29 to pay a 25 percent sales tax on January recreational marijuana sales.

As of Thursday, 245 out of 320 dispensaries selling recreational pot had set up accounts with the state Department of Revenue, according to reports from the Register-Guard.

Oregon Department of Revenue spokeswoman Joy Krawczyk says the department expects an upswing in registrations as the deadline nears.

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