On March 22, 2017, the Vermont House Judiciary Committee voted 8-3 to advance H. 170, a bill that would legalize the use of recreational marijuana in the state.
Tag Archives: Recreational
CHICAGO, March 23, 2017 /Weed Wire/ — Senator Heather Steans (D-Chicago) seeks to create a new revenue source for the State of Illinois by legalizing and taxing recreational marijuana. Senate Bill 316 legalizes the possession of up to 28 grams of marijuana and will allow facilities to sell marijuana products.
A state-run survey of 37,000 middle and high school students in Washington state finds that marijuana legalization there has had no effect on youngsters’ propensity to use the drug.
On March 17, 2017, Connecticut Sen. Ed Gomes announced that he is hosting a panel discussion on March 27 in Bridgeport to discuss recreational marijuana legalization in Connecticut.
Backers of legalized recreational marijuana urged Massachusetts legislators Monday to hold off on making any significant changes to a law voters approved in November.
On March 15, 2017, Attorney General Jeff Sessions gave a speech to law enforcement officers in Richmond, Virginia, on his mission to fight violent crime and bolster public safety. It was during his discussion of drugs that Sessions brought marijuana into the conversation, reinforcing a stance that he has previously communicated.
The issue of whether or not to tax and regulate marijuana like alcohol in Rhode Island is gaining additional detractors — and continued staunch supporters.
The leader of the nation’s largest sheriff’s department says he expects federal drug agents will attempt to step up marijuana enforcement as California moves forward with legalization. But Los Angeles County Sheriff Jim McDonnell said he believes there isn’t the manpower to conduct widespread raids on growers and businesses selling marijuana.
in January 2018 two distinct California state laws will come into effect, the Medical Marijuana Regulation and Safety Act and the Adult Use Marijuana Act, the mandating act for a new adult-recreational industry. So the question is: what hoops is an entrepreneur going to have to jump through to avail himself of this double opportunity?
Massachusetts adults can grow and use recreational marijuana, but it’s still illegal to sell the drug without a license. Legislators are looking into how to change the laws.
Publicly-traded marijuana companies had a rough week but got a bounce Thursday following news of raids at the Cannabis Culture dispensary chain owned by Marc and Jodie Emery.
As investors flock to Canada’s burgeoning marijuana sector, Prime Minister Justin Trudeau’s government is signaling recreational pot sales aren’t imminent.
Will Connecticut join the handful of states around the nation to legalize the sale of recreational marijuana?
As many as 10 “supermodels” are handing out hugs and 10,000 free marijuana joints at a cannabis convention ending Wednesday at the Sheraton San Diego Hotel & Marina.
Reports continue to emerge of young teens overdosing and sometimes dying due to the use of drugs containing fentanyl, a potent synthetic opioid. Smoking pot is different than popping pills, but the risk for the government is that the lines might get blurred quite quickly in the eyes of parents who are trying to protect their kids from the current opioid threat.
PORTLAND, Ore., March 6, 2017 /Weed Wire/ — Rob Patridge, Chair of the Oregon Liquor Control Commission, today submitted his resignation to Oregon Governor Kate Brown. Patridge is leaving the OLCC to join the private sector. Patridge’s resignation from the Commission is effective March 10, 2017.
The Israeli government voted on Sunday in favor of decriminalizing recreational marijuana use, joining some U.S. states and European countries who have adopted a similar approach.
In response to White House Press Secretary Sean Spicer’s recent comments on federal marijuana policy, Oregon lawmakers are making moves to protect the the private information of recreational marijuana consumers.
A newly released survey from the independent Quinnipiac University really demonstrates just how strongly the American public wants to see marijuana legalized, and how certain they are that state’s rights should prevail.
In Oregon, Washington state and Colorado, marijuana tax revenues totaled at least $335 million in either the last calendar year or the last fiscal year.
On March 1, 2017, Pacific Gas and Electric Company announced that licensed medical marijuana cultivators are now eligible for PG&E’s agricultural energy rate and recreational cultivators will be eligible once they’ve been licensed under the Adult Use of Marijuana Act.
In the last trading session, the stock price of Medical Marijuana Inc (OTCMKTS:MJNA) declined more than 8% to close the day at $0.112. The decline came at a share volume of 24.74 million compared to average share volume of 17.32 million.
On Feb. 28, 2017, during the National Association of Attorneys General Winter Meeting, Attorney General Jeff Sessions addressed marijuana legalization.
Enforcing marijuana laws: FNC’s Alicia Acuna on concerns the Trump Administration may get tougher on enforcement of federal laws against recreational marijuana use.
The NFL Players Association will continue to pursue a “less punitive” marijuana policy despite the recent comments from White House press secretary Sean Spicer indicating that the Trump administration will increase its enforcement of federal marijuana laws.
Shares of Canadian and U.S. marijuana producers fell Friday after the Trump administration suggested a crackdown on recreational marijuana may be in the works.
On Feb. 23, 2017, during a daily briefing, White House Press Secretary Sean Spicer answered a reporter’s question regarding marijuana enforcement, prompting immediate reactions from members of the legal cannabis industry.
White House Press Secretary Sean Spicer on Thursday made comments about marijuana that both ignited concern in some and sparked hope in others within the state of California.
The newly formed House Cannabis Caucus, co-launched by Alaska Republican Congressman Don Young, responded Thursday to a statement from a White House spokesman about potentially increasing federal prosecution of recreational smokers.
MEDFORD, Ore., Feb. 23, 2017 /Weed Wire/ – U.S. Sen. Ron Wyden, D-Ore., issued the following statement after White House Press Secretary Sean Spicer today made comments disparaging the decisions American voters have made to legalize recreational marijuana in eight states and Washington, D.C.
WASHINGTON, Feb. 23, 2017 /Weed Wire/ — Today Congressman Earl Blumenauer released the following statement in response to White House Press Secretary, Sean Spicer’s statement that the Trump Administration may start “greater enforcement” of adult use of marijuana.
During a White House Daily Briefing on Feb. 23, 2017, press secretary Sean Spicer gave insight into how the Trump Administration may proceed in regards to the enforcement of federal marijuana law.
Investors in cannabis companies had an eventful 2016 with the approval of recreational marijuana usage in the states of California, Massachusetts, Maine, and Nevada providing a boost to all sorts of marijuana stocks. Of particular note, shares of Corbus Pharmaceuticals (NASDAQ: CRBP) posted a whopping 600% gain in 2016 following positive phase 2 data.
On Feb. 21, 2017, the Oregon Department of Revenue announced that it had collected $5.3 million in marijuana tax revenue, brining the state’s total marijuana tax collection to $65.4 million.
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.
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.