Barely a week in, 2018 is already proving to be the most explosive year for US cannabis yet. Adult use is legal in California on the first. Stocks rally on the second. Attorney General Jeff Sessions repeals the Cole Memo then pot-stocks tank on the fourth. Now, Congress is rallying in the name of freedom to use..
This Sunday, most of the world rang in the New Year with the regular fanfare and rigamarole. Meanwhile, the former sovereign now most populous state of California celebrated in its own special way: by re-legalizing marijuana sales. California, the world’s 6th largest economy, now offers cannabis for purchase en mase 111 years after the 1907..
Ready or not California, the world’s sixth largest economy, is going to the green side on January 1, 2018. Despite this measure being passed in November of 2016, state officials are scrambling to make sure everything runs smoothly during the first 120 days during the initial transition. The California Department of Public Health’s Manufactured..
Retail Requirements for Cannabis in Washington, Colorado, California, Alaska, and Oregon As the Wild West experiences its second gold rush, fondly referred to as the “Green Rush,” everyone is trying to get a piece of the action. For those resilient, and deep-pocketed souls who commit to doing commerce in the cannabis space, the task is..
The numbers are in and the evidence is irrefutable: taxation and regulation of recreational cannabis equal healthy gains for state funds. These numbers are borderline unbelievable – below is a snapshot by state: Alaska Since the inception of recreational cannabis in October of 2016 Alaska has welcomed over $3 Million dollars in tax revenue. Figures are expected..
September 2017 proved to be another whirlwind month in the move towards prohibition’s repeal. Almost 25% of the country either passed or shot down legislation, made progress or engaged in the democratic process with regards to cannabis usage, distribution, employment, and every tangential aspect thereof. Meanwhile, at our nation’s capital, we are watching as our elected representatives are..
Veterans Affairs Secretary’s Recent MJ Statement A recent Washington Post addresses this as we recap it below. Climate change, veteran health, and marijuana: all three of these topics are being heavily discussed by Veteran Affairs Secretary David Shulkin. Shulkin is being referred as the voice of reason after his “State of the VA” speech. The..
How the Marijuana Revenue and Regulation Act Could Move the Cannabis Industry Forward A flurry of legislative activities in Q1 of 2017 ended with a coordinated, bi-partisan effort to effectively end federal prohibition of cannabis. The Marijuana Revenue and Regulation Act (MRRA) includes powerful provisions that would turn the tide for the cannabis industry. In..
The work to end marijuana prohibition has been steady this year. With 12 bills already introduced this early in the year, legislators are making good on Attorney General Sessions’ call for congress to change the marijuana laws. Here’s a short list of cannabis bills introduced in 2017: HR 1841: To provide for the regulation of marijuana..
In our last post, we mentioned the Congressional Cannabis Caucus (CCC). To better understand the significance of this group to the marijuana industry, we’ll explain its mission and the various cannabis arguments being presented. The objective is to change federal laws to decriminalize and enable cannabusinesses to financially transact business and operate legally on all..