Vermont lawmakers are taking another crack at legalizing recreational marijuana. Introduced by Reps. Maxine Grad, Charles Conquest and Thomas Burditt, H. 170 would take a more reserved approach to legalization than previous legislative efforts.
Tag Archives: Recreational
Gummies and mints are turning out to be marijuana hits at recreational dispensaries. “From the beginning, cannabis consumers embraced our gummies as well as our approach to crafting edibles,” said Americanna CEO and founder Dan Anglin.
The Massachusetts House and Senate created a new “Committee on Marijuana Policy” to take a second look at the recreational pot law. Top state leaders have several concerns, from public safety to the tax structure, to the number of pot plants someone can grow at home.
On Feb. 16, 2017, the Board of Trustees for the city of Parachute, Colorado, approved a business license renewal for Tumbleweed Express, a drive-through retail marijuana dispensary set to open in the coming months.
California state Sen. Mike McGuire doesn’t think that his state will be ready to collect taxes from recreational marijuana cultivators by the start of next year.
Since seeing all the buzz and craze these companies are causing in the marketplace, we’ve been hot on the trail of companies tied to the cannabis sector. The budding marijuana industry has spawned several high flying stocks lately, like Mentor Capital Inc.
An EPIC-MRA poll released Friday indicated the majority of voters living in the state would approve a law allowing adult use of the plant.
Over the next five years, the U.S. marijuana market could be worth tens of billions of dollars, and according to GreenWave Advisors, LLC, these five states could move the needle most for marijuana companies. Learn just how big the marijuana market may be in California, Washington, Pennsylvania, Colorado, and Michigan in 2021.
The cannabis industry is expected to reach $50 billion in size by 2026, according to Cowen & Co., making it one of the fastest growing industries in the world. Investors have taken a growing interest in the industry as legalization has spread across North America. Here are three subsets of the cannabis industry that investors may want to consider for the best risk-adjusted returns.
Weedmaps has placed 80 billboards throughout Massachusetts, and is also hiring at several Massachusetts colleges and universities.
On Feb. 9, 2017, Washington regulators shut down operations at Nine Point Growth Industries, the state’s second oldest licensed recreational marijuana dispensary.
As governor of the first state to implement legalized recreational cannabis, Gov. John Hickenlooper has priceless insight when it comes to state regulation and taxation of recreational cannabis and now California is ready to learn from him.
On Feb. 8, 2017, Minnesota State Rep. Jon Applebaum announced that he would be introducing a bill to legalize and regulate recreational marijuana in the state.
ST. PAUL, Minn., Feb. 8, 2017 /Weed Wire/ – Deputy Minority Leader, State Rep. Jon Applebaum (DFL – Minnetonka) today announced plans to introduce a bill to legalize the personal, recreational use of marijuana in the state of Minnesota. Under the legislation, the state would regulate marijuana in a similar fashion to alcohol, with purchase, possession, and use only permitted by those aged 21 or older.
On Feb. 1, 2017, the Connecticut General Assembly’s Office of Fiscal Analysis released a fiscal estimate for the legalization of recreational marijuana in the state, noting that the state could earn $30.1 million to $63.9 million in tax revenue during the first full year of implementation.
Support for legalizing recreational marijuana in Rhode Island is at an all time high. According to a poll conducted by Public Policy Polling, 59% of Rhode Island’s residents think that recreational marijuana should be legal for adults 21 years or older.
The cannabis industry seems unstoppably ascendant at the moment. Medicinal marijuana is now legal in 28 states plus D.C., while recreational marijuana is legal in nine states plus D.C., which opens the doors for a lot of new business opportunities.
On the face of it, 2017 may be the year to jump into the marijuana market to get a piece of what looks to be promising growth over the next few years.
While several municipalities in California have enacted temporary bans on recreational marijuana and others have yet to decide the fate of the state’s newly legalized industry, America’s Finest City has just become the first city in San Diego County to approve recreational marijuana sales.
With the Oregon Liquor Control Commission recently greenlighting one of the state’s first marijuana delivery services, Oregon’s retail marijuana industry is preparing to cover new ground.
Chris Blake, Senior Portfolio Manager, TD Wealth, explains what investors need to know before buying marijuana stocks.
Although recreational marijuana has been legal in Oregon for a little less than two years now, state residents can still lose their jobs for using the substance; however, if state lawmakers get their way, that may soon change.
On Jan. 27, 2017, Ethan Nadelmann announced via Twitter that he is going to “step aside” as the executive director of the Drug Policy Alliance, a non-profit organization advocating for the end of the drug war through sensible drug law reform.
The proposal to modify the manner in which the league deals with recreational marijuana use would, if it is delivered, come as the NFLPA’s recently formed pain management committee separately studies the issue of marijuana use by players as a pain management tool and whether that should be permissible under the drug policies.
Marijuana stocks may be in for a bumpy ride this year.
Although recreational marijuana has recently become legal in Massachusetts, the state’s newly minted laws could already be in store for some drastic changes.
The market for marijuana is exploding as Americans overwhelmingly embrace legalization. Analysts are projecting tens of billions of dollars in future marijuana sales, making this an intriguing market for investors.
As of December 31, 2016, the Department of Revenue has received $60.2 million in marijuana tax payments since the state began taxing recreational marijuana in January 2016.
On Jan. 19, 2017, the Carson City Board of Supervisors temporarily banned recreational cannabis dispensaries in Carson City, Nevada. The ban will last for 180 days, unless the state issues regulations before the moratorium has expired.
On Jan. 17, 2017, Colorado Gov. John Hickenlooper announced a plan to raise the sales tax on marijuana from 10% to 12% in order to cover a $135.1 million budgetary shortfall.
Although the legal cannabis industry is still in its infancy, it’s already delivering tremendous results. According to tech financial guru Michael A. Robinson, the cannabis industry has been one of the fastest growing sectors in the stock market.
Nevada’s marijuana industry sees the Governor’s proposal to levy an excise tax on the sale of recreational marijuana as more evidence it is a player, with a seat at the table.
Real estate is the next big catalyst for marijuana stocks in 2017, as more voters demand legalized recreational and medical cannabis in their states.
DENVER, Jan. 17, 2017 /Weed Wire/ — The Office of State Planning and Budgeting (OSPB) today submitted budget amendments to the Joint Budget Committee that apply to the FY 2017-18 budget request.
SALEM, Ore., Jan. 17, 2016 /Weed Wire/ — The year is just starting, but for many who sold recreational marijuana in October, November or December, there are already tax obligations they need to fulfill.
A vote is expected in March or April to approve whether or not boxers should be able to smoke pot.
New Jersey already has a tightly regulated medical marijuana program that includes six alternative treatment centers, or dispensaries, but the issue has largely stalled because of Christie’s opposition.
After hitting sales of $1.2 billion in 2016, Washington state’s recreational marijuana sales are projected to top $2 billion by 2020, according to a recent report from Arcview Market Research and New Frontier.
People behind the plan say it is about much more than getting high.
Right now, California’s marijuana industry for all intents and purposes is a cash-only business.
On Jan. 11, 2016, Rhode Island state Sen. Joshua Miller and state Rep. Scott Slater announced in a press conference that they intend to introduce legislation that would legalize recreational marijuana in the state.
Several states having new marijuana laws have left people wondering not only where they can smoke it, but where they can travel with it.
There is a new push in the District of Columbia to further legalize marijuana.
On Jan. 6, 2017, the Oregon Liquor Control Commission announced that it had recently approved 762 recreational marijuana licenses and 9,041 Marijuana Worker Permits.
The Oregon Liquor Control Commission has approved 762 recreational marijuana licenses through the first week of January 2017, fulfilling the commitment to start-up a regulated system by the end of 2016. The OLCC began accepting recreational marijuana license applications in January 2016 and issued the first licenses in May 2016.
Recreational marijuana is legal in Massachusetts, but drivers are worried their license plate could create problems.
The Colorado Marijuana Enforcement Division recently issued its 2016 mid-year report, documenting supply chain data from Jan. 1 to June 30, 2016.
Marijuana is a hot topic again in the Wisconsin Legislature with both Republicans and Democrats introducing bills for the state.
A man from western Massachusetts has been posting ads on Craigslist offering free marijuana with the purchase of an empty sandwich bag.
In the wake of a string of marijuana victories at the ballot box, U.S. Sen. Elizabeth Warren, D-Massachusetts, is leading the charge to ensure banking access for the legal marijuana industry.