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Marijuana's legalization fuels black market in other states

Category: News | Posted on Wed, August, 2nd 2017 by THCFinder

Marijuana smugglers are growing and shipping vast quantities of illicit cannabis across the USA.

They’re mailing it, driving it and, in at least one case, flying it around in skydiving planes. They’re hiding it in truck beds and trunks and vacuum-sealing it to hide the smell as they pass police officers patrolling the interstates.

Many are starting in states where growing marijuana is legal, such as Colorado, and sending the drug elsewhere.  

In June, Colorado prosecutors said they busted a 74-person operation producing 100 pounds of marijuana per month — enough to generate $200,000 monthly, tax free, for more than four years.

Read More:https://www.usatoday.com/story/news/nation/2017/07/31/marijuana-black-market/507417001/


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Is Jared Kushner at Odds with Jeff Sessions over Mandatory Minimums?

Category: News | Posted on Wed, August, 2nd 2017 by THCFinder

Jared Kushner—Donald Trump’s son-in-law and advisor with zero political experience… just like his boss—is apparently involved in discussions over potential changes to the criminal justice system, including mandatory minimum sentencing, which has ruined the lives of countless non-violent drug offenders.

Meanwhile, Attorney General Jeff Sessions, who adores harsh sentencing, is furiously pushing his pitiless, tough-on-crime agenda.

If fresh-faced Kushner can stay out of trouble himself over his meetings with Russians, endless financial conflicts of interest and corruption scandals, he apparently wants to discuss a thing or two with the “beleaguered” Jeff Sessions about tossing people into prison and throwing away the key.

Read More:http://hightimes.com/news/is-jared-kushner-at-odds-with-jeff-sessions-over-mandatory-minimums/


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Massachusetts Gov. Signs Off on Pot Taxes and More

Category: News | Posted on Tue, August, 1st 2017 by THCFinder

The Massachusetts House and Senate changed their state’s recreational marijuana laws outlining the details of how the state plans to rollout pot shops and tax cannabis sales. The biggest updates to the marijuana ballot law, which was already passed in November, is higher taxes on sales and laws on how communities can ban pot shops in their neighborhoods.

Recreational marijuana will be taxed 17 to 20 percent, depending where it is sold. The 20 percent tax rate is higher than the original, voter-approved rate which was only 12 percent. That maximum 20 percent comes from adding the 10.75 percent excise tax, the state’s 6.25 percent sales tax, and, depending on the local community it could add another optional 3 percent tax.

Read More:https://www.theweedblog.com/massachusetts-gov-signs-off-on-pot-taxes-and-more/


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California Grows Too Much Weed for Its Own Use

Category: News | Posted on Tue, August, 1st 2017 by THCFinder

In California, the good news is that legal weed is on the way—big time. The bad news is that Cali has too much!

Observers of California’s potential billion-dollar industry warn that growers are churning out too much. But how much is too much?

California’s cannabis production is said to be eight times more than what the state collectively consumes.

In other words, California produces 14 to 16 million tons of marijuana and consumes between 1.5 and 2 million tons. New California state regulations, which go into effect after January 1, 2018, prohibit weed exports to other states, so what’s to be done with all the extra pot?

Cali tokers either have to start consuming a hell of a lot more weed or growers are going to have to reduce their crops.

Doubtless, some growers will continue functioning on the black market and keep selling cannabis to other states, which is also illegal under federal law, of course.

Read More:http://hightimes.com/news/california-grows-too-much-weed-for-its-own-use/


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Scientists Still Seek A Reliable DUI Test For Marijuana

Category: News | Posted on Mon, July, 31st 2017 by THCFinder

This spring, 16 state patrol officers from Colorado and Wyoming took a couple days off their usual work schedule to do something special. They assembled in a hotel conference room in Denver. As instructed, they wore street clothes for their first assignment: going shopping at nearby marijuana dispensaries.

"It's a brave new world," said instructor Chris Halsor, referring to the years since Colorado legalized recreational marijuana.

There are now more marijuana dispensaries in Colorado than there are Starbucks shops, said Halsor, a Denver lawyer and former prosecutor. And though consuming cannabis is legal across the state, driving under its influence is not.

Read More:http://www.npr.org/sections/health-shots/2017/07/30/523004450/scientists-still-seek-a-reliable-dui-test-for-marijuana


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HIGH TIMES Merger Aims to Take Company Public

Category: News | Posted on Mon, July, 31st 2017 by THCFinder

On Thursday, High Times Holding Corp., publisher of HIGH TIMES and a leading voice of the cannabis community since 1974, announced its merger with Origo Acquisition Corporation, a special purpose acquisition company, in a move to take the company public.

Since the brand’s recent acquisition by Oreva Capital, HIGH TIMES has begun to position itself to better capitalize on its robust future growth, taking steps to broaden the company’s three primary segments: events, licensing and media.

Given the rapidly expanding acceptance and legalization of cannabis, HIGH TIMES believes access to capital and an elevated profile, via its anticipated public company listing, will enable it to expand the brand, while funding new business opportunities that leverage and support nationwide medical and recreational usage initiatives.

Read More:http://hightimes.com/news/high-times-merger-aims-to-take-company-public/


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