Tag Archives: Recreational

Steans Seeks to Mend Budget Woes by Legalizing Marijuana

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.

Jeff Sessions: Marijuana 'Only Slightly Less Awful' Than Heroin

Jeff Sessions: Marijuana ‘Only Slightly Less Awful’ Than Heroin

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.

Marijuana Legalization in Rhode Island Gaining New Detractors, Supporters

Marijuana Legalization in Rhode Island Gaining New Detractors, Supporters

The issue of whether or not to tax and regulate marijuana like alcohol in Rhode Island is gaining additional detractors — and continued staunch supporters.

LA Sheriff Thinks Feds May Target Marijuana

LA Sheriff Thinks Feds May Target Marijuana

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.

After January 2018: Learn to Jump Through California's Hoops

After January 2018: Learn to Jump Through California’s Hoops

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?

Marijuana Stocks Get Bounce After Dispensary Raids Throughout Canada

Marijuana Stocks Get Bounce After Dispensary Raids Throughout Canada

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.

Will the Opioid Crisis Derail Canada’s Recreational Cannabis Train?

Will the Opioid Crisis Derail Canada’s Recreational Cannabis Train?

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.

OLCC

Oregon Liquor Control Commission Chair Rob Patridge Resigns

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.

Israel gives green light to decriminalize marijuana use

Israel Gives Green Light to Decriminalize Marijuana Use

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.

Oregon Lawmakers Move to Protect Marijuana Consumer Information

Oregon Lawmakers Move to Protect Marijuana Consumer Information

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.

Licensed Marijuana Cultivators in California Now Eligible for Agricultural Energy Rates

Licensed Marijuana Cultivators in California Now Eligible for Agricultural Energy Rates

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.

Medical Marijuana Inc Fails To Delight Investors

Medical Marijuana Inc Fails to Delight Investors

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.

Has Recreational Marijuana Use Become Too Big To Jail?

Has Recreational Marijuana Use Become Too Big to Jail?

Enforcing marijuana laws: FNC’s Alicia Acuna on concerns the Trump Administration may get tougher on enforcement of federal laws against recreational marijuana use.

NFLPA Pursuing 'Less Punitive' Marijuana Policy Despite Spicer's Comments

NFLPA Pursuing ‘Less Punitive’ Marijuana Policy Despite Spicer’s Comments

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.

Cannabis Industry Responses to Trump Administration's Stance on Marijuana

Industry Responses to Trump Administration’s Stance on Cannabis

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.

Cannabis Caucus Weighs in on Potential Threat to Legal Pot

Cannabis Caucus Weighs in on Potential Threat to Legal Cannabis

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.

Wyden Statement on White House Comments Against Legal Marijuana

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.

Congressman Earl Blumenauer Statement on White House Press Sec. Sean Spicer’s Statement on Marijuana

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.

Trump Administration May Order 'Greater Enforcement' of Marijuana Law

Trump Administration May Order ‘Greater Enforcement’ of Marijuana Law

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.

Can This Marijuana Stock Add Some Green to Your Portfolio?

Can This Marijuana Stock Add Some Green to Your Portfolio?

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.

Vermont Revisits Recreational Marijuana Legalization

Vermont Revisits Recreational Marijuana Legalization

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 Hits In The Edible Marijuana Markets

Gummies and Mints Are Hits in the Edible Marijuana Markets

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.

Lawmakers to re-write Massachusetts marijuana law

Lawmakers to Rewrite Massachusetts Marijuana Law

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.

Colorado Poised to Get First Drive-Through Dispensary

Colorado Poised to Get First Drive-Through Dispensary

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.

Millionaires are Being Made From Cashing in on This Cannabis Stock

Millionaires Are Being Made From Cashing in on This Pot Stock

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.

Top 5 States for Marijuana Stocks

Top 5 States for Marijuana Stocks

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.

Top 3 Most Attractive Investment Subsets Of The Cannabis Industry

Top 3 Most Attractive Investment Subsets of the Cannabis Industry

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.

Hickenlooper to Talk Cannabis Taxes With Legislators in California

Hickenlooper to Talk Cannabis Taxes With California’s Legislators

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.

Rep. Applebaum Introduces Bill to Legalize Marijuana in Minnesota

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.

Connecticut Talks Green in Recreational Marijuana Estimate

Connecticut Talks Green in Recreational Marijuana Estimate

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.

Poll: Majority of Rhode Island's Residents Support Legalization

Poll: Majority of Rhode Island’s Residents Support Legalization

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.


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