Tag Archives: Black Market

Fitch: Cannabis Taxes Set to Rise With Votes in Seven California Cities

Fitch: Cannabis Taxes Set to Rise With Votes in Seven California Cities

Fitch: Cannabis Taxes Set to Rise With Votes in Seven California Cities

SAN FRANCISCO, Nov. 8, 2017 /Weed Wire/ — Residents of seven California cities voted to impose local taxes on cannabis in Tuesday’s elections. With retail sales set to begin on January 1, the newly approved measures will add to the already substantial tax burden on legal cannabis, potentially undermining California’s fledgling legalization initiative, according to Fitch Ratings.

5 Things You Didn’t Know About the Canadian Marijuana Economy

5 Things You Didn’t Know About the Canadian Marijuana Economy

Canadian Prime Minister Justin Trudeau introduced legislation to legalize recreational marijuana throughout the country, which plans to be in effect on Canada Day (July 1) 2018. Now, many experts have predictions for the Canadian marijuana economy as a result of the cannabis industry becoming legal.

Making the Case for Cannabis as an Ethical Investment

Making the Case for Cannabis as an Ethical Investment

The high-growth industry certainly offers terrific prospects that would be envied by many tech stocks. However, a big hurdle for some investors is investing in “sin stocks,” or what could be perceived as unethical industries and businesses.

DEA Report: 71% of Cannabis Plants Seized in 2016 Came from California

DEA Report: 71% of Cannabis Plants Seized in 2016 Came from California

While California may grow eight times the amount of cannabis state residents can consume, the United States Drug Enforcement Administration is dimming the brilliance of the Golden State’s illegal cannabis plants.

Report: California Cannabis Taxes to Keep Black Market Cannabis Alive

Report: California Cannabis Taxes to Keep Black Market Cannabis Alive

As the Golden State readies for the rollout of recreational cannabis on Jan. 1, 2018, some are preparing for a windfall of revenue from California cannabis taxes and others are preparing to continue competing with the black market.

Ontario Mulls Selling Pot for Less Than Black-Market Price

Ontario Mulls Selling Pot for Less Than Black-Market Price

Ontario will try to sell legal pot for a price low enough to squash the black market. The government plans to establish a price for recreational marijuana that isn’t too high in order to eliminate illicit sales.

The Truth About the Federal Marijuana Meeting With Officials in Colorado

The Truth About the Federal Marijuana Meeting With Officials in Colorado

On July 19, 2017, representatives from multiple federal agencies joined local officials in Colorado Springs to have a closed-door meeting on the effects of Colorado’s legal marijuana industry.

Finance Minister to Talk Canadian Cannabis Taxes This Summer

Finance Minister to Talk Canadian Cannabis Taxes This Summer

Canada’s Finance Minister Bill Morneau is ready to talk Canadian cannabis taxes with the country’s provinces. On May 15, 2017, during a House of Commons meeting for the Standing Committee on Finance, Morneau addressed the Budget Measure Implementation Act and closed his opening remarks with a note on cannabis taxes.

Rhode Island Awards First Three Cultivator Licenses

Rhode Island Awards First Three Cultivator Licenses

On Jan. 4, 2017, Rhode Island’s Department of Business Regulation issued licenses to the state’s first three medical marijuana cultivators, all of which are based in Warwick.

Budding regulation in one of California's marijuana meccas

Budding Regulation in One of California’s Marijuana Meccas

As more states move to legalize pot, Humboldt County, California, an epicenter of the underground marijuana industry, has begun a new, bold experiment to bring growers out of the shadows and regulate the growth, sale and environmental impact of cannabis.

Colorado Marijuana Sales Surged to $122 Million in July

Colorado Marijuana Sales Surged to $122 Million in July

In the state of Colorado, retail marijuana sales have reached an all time high. According to The Denver Post, the legal marijuana industry brought in more than $122 million in revenue for the month of July, representing a 27 percent increase from the previous year.

Trudeau

Trudeau Gives Canadians Reasons for Recreational Legalization

During a press conference on Jan. 13, 2016, Canadian Prime Minister Justin Trudeau addressed two main reasons why Canada is pursuing recreational marijuana legalization: to protect minors from accessing marijuana and to squelch the black market’s marijuana revenue.

Governor of Vermont

Governor of Vermont Endorses Marijuana Legalization

On Jan. 7, 2016, during his final state of the state address, Vermont Gov. Peter Shumlin announced his support for the legalization of recreational marijuana. Shumlin criticized the war on drugs, calling it “outdated” and “failed,” and stressed the need to end black market marijuana sales.

cartels

Does American Legalization Challenge Mexican Cartels?

One of the ongoing rationalizations for the legalization of the drug trade in the United States has been to stop the associated crime that comes with prohibition. The drug trade across the Mexican border is one of the bloodiest on a regular basis.

glut

Pricing and Retail Implications of Washington’s Marijuana Glut

When the first recreational marijuana stores opened in Washington in July 2014, there was a consistent problem with supply—there simply was not enough. Close to eight months later the tables have turned in a drastic way.

Public alert

Illegal Pot Farms Poison Public Land

Supporting a legitimate industry sometimes takes shutting down the dark side. The Department of Justice has made preventing illegal marijuana cultivation on tribal and public lands one of its top enforcement priorities.

Bootleg Money

Nation’s Bootleg Bud Reacts to Legalization

It is the summer of 2014 and the legalization snowball continues to roll down the marijuana slope; it has been picking up speed for the past six months as Colorado and Washington have legalized the plant. Furthermore, since 1996, 23 states have changed their laws to allow medical marijuana.

Black Tag

Washington’s Pricey Pot Spurs Black Market

On Tuesday, July 8, 2014 Washington officially became the second state in the union to legalize recreational marijuana. Only six licensed shops were open, but that didn’t stop thousands of cannabis enthusiasts from lining up around the block to be among the first to buy legal cannabis in their state.

Cartels

Can Legalization Cut Off Drug Cartels?

Mexican drug cartels are often synonymous with unspeakable violence. But trying to shut down a criminal enterprise, especially an international one, is like squeezing a balloon: The air goes elsewhere. If the commodity is not marijuana, it might be heroin or human beings.


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