Banks Start Working with Weed, Slowly
In a bit of news sure to be welcomed by the marijuana industry – and hopefully, millions of Americans – a small group of banks have begun working with cannabis growers and providers. About 105 different banks and other financial institutions have reported that they’ve worked with marijuana businesspeople in recent weeks. The banks are […]
Academia Shuts the Door on Weed
You’d think college campuses would be havens for the marijuana community. They’re liberal, they’re full of young people smoking dope for the first time, and a few of them celebrate special cannabis holidays. But try lighting up a J on campus most days, and you’re more likely to encounter hostility than acceptance. Terrified of federal […]
Tax Experts Disagree on Tax Haul from Legal Weed in Oregon
Tax experts hired by the Oregon Legislature predict legal marijuana would generate a relatively small amount of money for the state. The tax analysts, who worked with the Legislative Revenue Office, said in late July that legal weed would generate $16 million in tax revenue during the first year it’s available. That result is much […]
Christie Continues Crusade Against Weed
New Jersey Gov. Chris Christie has taken a position on marijuana, and it’s clear he will never abandon it – no matter how repetitive the refrain becomes. Visiting Colorado in late July, Christie again lashed out at the state’s legalization of weed. He is clearly staking out territory for the 2016 presidential race, in which […]
Canadians Want Weed Reform
If you’re an American, you’ll be forgiven if you believe our neighbor to the north allows legal weed. In fact, it doesn’t. What’s more, support for legalization is weaker in Canada than it is in the United States, according to a new poll. Just 37 percent of respondents in the poll said they want to […]
Vermont Will Study Legal Weed
Vermont is taking a closer look at a policy that would suit the liberal Green Mountain State just right: legal marijuana. The state has hired the Rand Corporation, a leading think tank, to determine what effects legalization would have on the economy, public health, and public safety. The results could inform decision making for years […]
Tax Estimates Drop for Legal Weed in Washington
Washington State will likely fall short of predictions for tax revenue from the legal marijuana industry, according to the Moody’s credit rating agency. With the first shops opening months behind schedule, the state levying a steep tax on weed purchases, and the medical and black markets offering a cheaper alternative, Washington’s tax take will probably […]
Opening Day in Washington Brings Big Money, Weed Shortages
The first days of legal marijuana in Washington State were a surprising success, with long lines and a tax windfall for the state. But trouble hit when stores began running out of pot. Cannabis City, Seattle’s only legal pot shop, sold its last bag of weed at 5 p.m. July 10, just two days after […]
D.C. Advocates Turn in Signatures for Legal Weed Campaign
Resident of the District of Columbia may soon get the chance to decide whether they want to legalize pot. A group of activists pushing for legalization said they turned in 57,000 signatures to District election officials July 7. They needed less than half that number to qualify for the November ballot. Even if many of […]
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