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Oregon Marijuana Market Hits $265 Million In 2015

Category: News | Posted on Thu, March, 31st 2016 by THCFinder
oregon marijuana

(image via Oregon Herald)

ArcView Market Research, the leading publisher of cannabis market research and information in partnership with New Frontier, the cannabis Big Data and analytics authority, has released the 4th edition of the State of Legal Marijuana Markets, which shows that the legal cannabis industry is one of the fastest growing industries in America with a compound annual growth rate of 31%. The official 2015 ArcView market estimate is $5.7 billion, up from $4.6 billion in 2014. Oregon adult use sales began in October of 2015, and combined with medical sales, the legal market brought in $264.8 million. By the end of 2016, the total legal market is projected to be $481.7 million.

“The state’s decision to allow limited adult use sales through existing dispensaries in advance of recreational sales, which are scheduled to begin in the fall of 2016 have helped boost revenues for the 85% of dispensaries that opted into the program and provided an early indication of the demand expected when the full adult use market activates.” said Troy Dayton, CEO of The ArcView Group.

“Oregon is on the frontier of the cannabis legalization movement. It was the first to decriminalize small amounts of cannabis, one of the first to legalize medical marijuana, and it was third to allow adult use sales. It will be quite interesting to see how they do in 2016, their first full year of recreational sales,” said Giadha DeCarcer, Founder and CEO of New Frontier.

Read More:http://www.theweedblog.com/oregon-marijuana-market-hits-265-million-in-2015/


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Hawaii Lawmakers Ask How Much Marijuana is OK While Driving

Category: News | Posted on Thu, March, 31st 2016 by THCFinder

HONOLULU (AP) -- Hawaii lawmakers are asking how much marijuana a driver can safely consume before getting behind the wheel of a car.

It's an issue they want to tackle now that Hawaii is setting up medical marijuana dispensaries. So Rep. Cindy Evans and 15 other lawmakers introduced a resolution asking the state Department of Health to study whether a person can safely drive while under the influence.

Marijuana is the illicit drug most frequently found in the blood of drivers who have been involved in accidents, including fatal ones, but the role marijuana plays in those accidents is often unclear because it can remain in the bloodstream for days and it's often combined with alcohol, according to the National Institute on Drug Abuse. The National Highway Traffic Safety Administration says marijuana use impairs cognitive functions, lane tracking and other driving-related skills.

"I think that it's really important that we do this now," Evans said. "Hopefully this is the beginning of the discussion."

Read More:http://www.hightimes.com/read/hawaii-lawmakers-ask-how-much-marijuana-ok-while-driving

 


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My Turn: Why a former DEA agent supports legalizing marijuana

Category: News | Posted on Wed, March, 30th 2016 by THCFinder

I was a warrior in the war on drugs.

I spent 20 years fighting the flow of drugs into America, including 18 years as a DEA special agent. As a special agent, I helped spearhead the Drug Enforcement Administration’s marijuana efforts in Florida and New Mexico before retiring.

I spent a lifetime’s work in law enforcement, mostly centered on stanching the flow drugs into America, and  have come to one conclusion: I don’t believe marijuana should be illegal.

Yes, despite a career spent trying to take marijuana off our streets – targeting low-level drug dealers, mom-and-pop grow operations, mega-growers and foreign drug traffickers – I realize our tax dollars and law enforcement resources could have been better spent.

Read More:http://www.azcentral.com/story/opinion/op-ed/2016/03/28/legalize-weed-arizona/82133720/


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From Porn to Pot: Hustler’s Larry Flynt Invests in Legal Cannabis Industry

Category: News | Posted on Wed, March, 30th 2016 by THCFinder

Hustler Magazine publisher Larry Flynt, the legendary and ultra-controversial First Amendment defender, has reached into the business end of his multi-million dollar piggy bank of porn to invest in a publicly traded cannabis firm called Pineapple Express.

Reports indicate that Mr. Flynt recently purchased $100,000 of stock in the Los Angeles-based company, which specializes in “consulting, technology, investments, turn-key property rentals and branding concepts to businesses in the legal cannabis industry.” An article published in Forbesreveals that Flynt’s daughter Theresa, the mastermind behind the creation of the highly successful Hustler Hollywood retail chain, has been the VP of Business Development for Pineapple Express since December 2015.

Read More:http://www.hightimes.com/read/porn-pot-hustler%E2%80%99s-larry-flynt-invests-legal-cannabis-industry

 


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Kansas Marijuana Advocate Sues State Over Son's Removal

Category: News | Posted on Tue, March, 29th 2016 by THCFinder

WICHITA, Kan. (AP) -- A western Kansas woman is suing the state and some of the agencies involved in questioning and removing her 11-year-old son from her home after he spoke up at school about her possessing and using marijuana.

Shona Banda's federal lawsuit, filed Thursday, alleges the state of Kansas and its agencies deprived her of her civil rights to treat a debilitating condition that she says is Crohn's disease, the Wichita Eagle reported.

The Garden City woman, 38, also claims officials have infringed on her parenting, and that local police and school employees improperly questioned her son without her permission.

Read More:http://www.hightimes.com/read/kansas-marijuana-advocate-sues-state-over-sons-removal


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Lt. Gov. Newsom Wants Californians to Support Marijuana Initiative, But Will It Lose the Stoner Vote?

Category: News | Posted on Mon, March, 28th 2016 by THCFinder

While the fight to drag California out of the clutches of prohibition has been ugly and borderline slanderous, a recent editorial by Lieutenant Governor Gavin Newsom suggests the “Adult Use of Marijuana Act” (AUMA) is the smartest approach to ending the travesty of the drug war in the Golden State.

In a seeming attempt to lure in that percentage of California voters still on the fence about launching a recreational marijuana market, Newsom said that the current law has allowed too many people to be locked up for drug offenses, while the resources spent on treatment and prevention have been next to none.

“Given the high cost and ineffectiveness of the status quo, you don’t have to be ‘pro-marijuana’ to be ‘anti-prohibition,’” he wrote for the Modesto Bee.

Read More:http://www.hightimes.com/read/lt-gov-newsom-wants-californians-support-marijuana-initiative-will-it-lose-stoner-vote


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