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Nevada Marijuana Sales Continue to Soar to $33M for August

Category: News | Posted on Sun, October, 29th 2017 by THCFinder

Nevada marijuana sales are going through the roof! In fact, the state’s legal marijuana market is proving to be a dominating arm of the national cannabis trade.

So what are these exact figures? What has everyone so floored?

The Numbers

The numbers are in from Nevada’s Department of Taxation.

According to the latest statistics, dispensaries in the Silver State sold in upwards of $33 million during the month of August. This number includes both medical and recreational marijuana. That’s about $6 million more than the state’s first month of recreational sales.

During that month, it raked in a record-breaking $27 million. It’s even more than the states of Colorado, Washington and Oregon collected during their first month.

Read More:https://hightimes.com/business/nevada-marijuana-sales-soar-august/


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Ware officials seek Town Meeting OK for marijuana sales local tax option

Category: News | Posted on Sun, October, 29th 2017 by THCFinder

WARE -- Town officials are seeking to charge recreational marijuana sellers the "local tax option" permitted by state law.

The revised Massachusetts recreational marijuana law, passed by the Legislature and signed by Gov. Charlie Baker in July, calls for recreational marijuana to be taxed 17 to 20 percent. The baseline tax is 17 percent -- the 6.25 percent sales tax plus a 10.75 percent special excise tax on adult use.

Cities and towns can add up to another 3 percent tax.

Ware voters will decide whether to adopt the local tax option during a special Town Meeting on Nov. 13.

Read More:http://www.masslive.com/news/index.ssf/2017/10/ware_officials_seek_local_2_pe.html


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Jeff Sessions Testified About Medical Marijuana Research

Category: News | Posted on Fri, October, 27th 2017 by THCFinder

On Wednesday, U.S. Attorney General Jeff Sessions testified about medical marijuana research to a Senate Judiciary committee. He was speaking during an oversight hearing on the Justice Department on Capitol Hill in Washington. Sessions revealed his desire to limit the expansion of the MEDS Act, which would allow for more research on medical marijuana.

The MEDS Act

The MEDS Act was introduced by Senator Orrin Hatch (R-UT), who received most of his campaign funding from pharmaceutical companies. Since 2013, he’s taken $583,009 from pharmaceutical and health companies.

Hatch and Rep. Tom Marino (R-PA) were at the forefront of passing a bill that made it harder for the DEA to prevent the distribution of suspicious opioids.

Read More:https://hightimes.com/news/jeff-sessions-testified-medical-marijuana-research/


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Arizona Judge Rules Medical Cannabis Extracts Are Illegal

Category: News | Posted on Thu, October, 26th 2017 by THCFinder

We’ve gotten reports that an Arizona judge has ruled that medical cannabis extracts are illegal. We have also just learned that in Arizona, there is a legal difference between marijuana and cannabis. Even though they are literally the same plant.

Wait, what?

Cannabis vs. Marijuana

According to Arizona state law, there is a difference between marijuana and cannabis.

In 2010, when Arizona residents voted in favor of instating a medical marijuana program, the term “marijuana” referred to the medicine in flower form “and any mixture or preparation thereof.” Lawmakers wrote the definition of “cannabis,” however, in the criminal code before 1960.

Arizona law views cannabis as a narcotic derived from marijuana.

Read More:https://hightimes.com/news/arizona-judge-cannabis-extracts-illegal/


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DEA Busts $22 Million Marijuana Ring in NY

Category: News | Posted on Thu, October, 26th 2017 by THCFinder

The investigation was called Operation Green Giant and was a joint effort. Joon H. Kim, who is the acting Manhattan U.S. Attorney, said that the 10 suspects smuggled $22 million worth of weed.

Operation Green Giant

Federal agents say that the smuggling ring mailed more than 6000 pounds of marijuana to the Bronx, Manhattan and New Rochelle, NY from March of last year until this month. Most were sent via FedEx. The investigation was called Operation Green Giant and was a joint effort between several agencies including the Drug Enforcement Administration, the U.S. Attorney's Office for the Southern District of New York, the NYPD, the Internal Revenue Service Criminal Investigation Division, the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), the U.S. Secret Service, Homeland Security and the U.S. Marshals Service, along with several others. Agents said that several of the suspect’s apartments were searched where they found pot, cocaine and cash. Agents also said that they found a sawed-off shotgun and three handguns in the raid. Along with the busts in New York, DEA agents confiscated more than $230,000 from one suspect the week before the arrests at the San Francisco International Airport.

Read More:https://www.themaven.net/theweedblog/policies/dea-busts-22-million-marijuana-ring-in-ny-7Td77pq0akiRJa62h0cR5A


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Texas Officials Post Sarcastic Tweet After Removing 3,000 Pot Plants

Category: News | Posted on Thu, October, 26th 2017 by THCFinder

Approximately 3,000 pot plants weighing 179 pounds were discovered and removed in a joint operation in Dallas, Texas.  Shortly afterward, Major Max Geron, a 25-year veteran of the Dallas Police Department, tweeted aerial photos of the confiscated cannabis, asking if anyone was “missing their weed.”

The Dallas Police helicopter, Air One, discovered the marijuana grow operation in a remote area of Southeast Dallas on Friday, October 13.

The Dallas Narcotics Division—with the assistance of Air One, the Southeast Bike Unit and the Dallas Fire Department Swift Water Team—handled the removal of more than 179 pounds of cannabis plants.

Read More:https://hightimes.com/news/texas-sarcastic-tweet-3000-pot-plants/


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