Whenever I ask people on Facebook or in person what area of the marijuana industry they are trying to crack into, the answer almost always involves growing or selling marijuana. I always point out to them that there are many other ancillary ways to get into the industry, and that maybe they should consider going that route since there are so many people trying to grow and sell marijuana.
Don’t get me wrong, if people have their heart set on growing marijuana or opening a retail outlet, by all means those are rewarding pursuits. I grew marijuana for a long time, and it was something that I could see people making into a lifelong career. Selling marijuana is also very fun, and can be very profitable if done right.
However, both options carry risks, especially risks that involve federal raids, asset forfeiture, etc. Compare that to ancillary areas of the marijuana industry which are completely legal at the state and federal level. Also, if you pursue the right idea, there is likely much less competition out there. Full Story…
It’s no surprise what happened in Colorado on the opening day of recreational marijuana sales. Folks are already complaining about price increases in pot sales. Well get ready for the possibility of more because this market, just like any other, will be driven by supply and demand.
In case you have been living under a rock the last couple of days, marijuana sales are now legal in Colorado. I read about one store serving over 1,000 customers on opening day. As Russ Belville pointed out, “if each customer bought at least an 1/8th for $40 bucks, that’s $14,000 in tax revenue generated. Off of one store. In one day.” Now imagine when all of the retail outlets open up in Colorado, and Washington, and eventually beyond. That will be a pile of money that is so huge even Kevin Sabet will have to get on board.
Anyone that was following the marijuana sales in Colorado yesterday probably noticed that the reported prices for marijuana sales rose during the day. The first official purchase was by Iraq War veteran Sean Azzariti. Full Story…
California Governor Jerry Brown has given a full and unconditional pardon to 127 individuals. 93 of these pardons are for drug-related crimes, many of which are for possessing, cultivating or distributing cannabis.
Each of those pardoned had “exhibited good moral character” and “lived an honest and upright life”, according to a statement released by Governor Brown’s office. “Pardons are not granted unless they are earned,” said a message from Brown’s office announcing the pardons.
Among those pardoned is 65 year old Rober Akers, who was sentenced in 1968 for selling cannabis.
The 127 pardons given by Governor Brown trumps the entire of Governor Arnold Schwarzenegger, who only gave out 16 pardons between 2003 and 2010. Governor Brown distributed just 11 pardons in 2011, before increasing that number to 128 in 2012.
The additional 34 pardons were related to crimes such as theft, and a woman shooting her boyfriend with a pellet gun.
The post California Governor Pardons 93 Drug Offenders appeared first on The Joint Blog.
Cannabis Stocks on The Rise
With over 19 states allowing for the use of medical cannabis including 2 that now allow recreational use times are clearly changing. As a result a new investor market is emerging and the product, service and opportunity is centered around weed.
Shares of public cannabis companies started off 2014 with a bang, posting huge gains on the first day of trading since the successful launch of the nation’s first recreational marijuana stores.
Many stocks rose at least 20% in intra-day trading on Thursday vs. their 2013 closing price. A handful surged more than 60%, and one touched 80%. That’s a stark contrast to the broader stock markets, which dipped into the red.
Only a handful of marijuana stocks declined.
The stock spikes reflect excitement over the future of the cannabis industry after retail cannabis shops successfully launched in Colorado on Wednesday. The first stores encountered huge demand, and the “cannabis chaos” that some predicted didn’t materialize. Full Story….
Well, it’s official: You can legally buy weed in Colorado now, as long as you’re 21 or older. The state began the sale of recreational marijuana……
Read more: Legal Marijuana, Colorado Weed Photos, Legal Weed Photos, Legal Weed, Colorado Marijuana Photos, Colorado Pot Photos, Legal Pot Photos, Legal Marijuana Photos, Colorado Marijuana, Legal Pot, Business News
New Hampshire on The Verge of Cannabis Legalization?
New Hampshire’s House of Representatives will vote soon on whether to legalize the possession of up to an ounce of cannabis for recreational use for those 21 and older. House Bill 492 is scheduled for a vote on January 8th.
up to 1 ounce of marijuana for recreational use for anyone age 21 and older. The floor vote on House Bill 492 is scheduled for January 8.
Under the proposed law, the the cultivation of up to 6 plants will be legalized, as will the possession of an ounce. In addition, state-licensed retail outlets will be authorized to distribute cannabis. The proposal is heavily influenced by Amendment 64, which Colorado voters approved in 2012.
Supporters propose taxing marijuana when it is sold at retail at a rate of $30 per ounce and letting people grow up to six marijuana plants in a controlled environment.
“By legalizing, regulating and taxing (marijuana), society would in effect be taking the profit away from illegal operations which truly harm society,” says State Representative Steve Vaillancourt, a Republican support of the measure. Vaillancourt notes that taxing cannabis would produce millions of dollars in revenue for the state.
The proposal would take effect on July 1st, if approved into law.
The post New Hampshire House To Vote January 8th On Cannabis Legalization appeared first on The Joint Blog.
Apologizes for Past Negative Stance
Dr. Sanjay GuptaI apologized for his past unfavorable stance on weed. He sites it’s because of the fact that he didn’t look hard enough and far enough. He didn’t evaluate findings from lesser known labs in other countries working on some amazing research. More importantly, he way too dismissive of the deafening chorus of genuine patients whose problems improved on cannabis.
Marijuana Legalization has arrived in the United States and it’s here to stay. We have many people to thank for this, and Sanjay Gupta is not one of them.
Still, even though Gupta and CNN’s documentary aired eight months after Colorado and Washington’s historical moves, the profound effect the Gupta and CNN special had on the world’s perception of marijuana as medicine (and viable business) is undeniable.
Look no further than Uruguay–which the Economist just named its country of the year–and you’ll see that the international tides are changing, and that empirical data, reason, and common sense will torpedo prohibition.
There will come a day (hopefully sooner rather than later) when marijuana is federally legalized in the United States of America. Your kids’ kids will read about marijuana’s federal legalization in history books. They’re going to read about Hunter S. Thompson, Jack Herer, NORML, Marc Emery, and all the activists that helped us get there.
But there will also be a chapter titled “The Sanjay Gupta Effect.” And that’s why, it’s with great honor and some irony that we proudly present Sanjay Gupta as the Marijuana Man of the year–aka the most important man for marijuana in the year of 2013. Even if he doesn’t smoke what he preaches.
How does a TV doctor like Gupta matter so much that he was the most important person in the international battle for legalization? Let’s count the ways:
Gupta exposed–and repeated–the truth on an International stage
The craziest thing about Sanjay Gupta’s coming out party is that he didn’t unveil anything you can’t figure out from a cursory Google search or by keeping up with Google’s “medical marijuana” News section. Gupta said the same thing thousands of people say every day: marijuana is a real form of medicine with unbeknownst potential and effects on seriously ill people. But…
Gupta has the forum and the clout
Marijuana freedom fighters are filled with rhetoric. We tell the same stories and preach the same truths about marijuana as medicine on a daily basis. But it often falls upon deaf ears. What Gupta did was find those deaf ears and connect with them. No longer do moms in middle America who saw this special view cannabis as an ill to society–instead, they want it to treat their ill, epileptic children.Again, many of us preach for legalization and scream and shout at our computers when we read about people going to jail for this flower. But no one is really listening to us. Source: marijuana.com
Clearing The Smoke Documentary
Montana PBS’s documentary, Clearing the Smoke, uncovers ways cannabis works on the human brain as well as within the body to treat nausea or vomiting, throbbing pain, epilepsy and perhaps even cancer. Comprehensive interviews with patients, physicians, researchers and skeptics outline the promises and the limits of cannabis. Watch it now…
Recreational Versus Medical
While there are now laws in place to regulate the sale and use of marijuana for recreational purposes, the State of Washington has yet to solve the issue of how to regulate medical marijuana.
The passage of Initiative I-502 last year created tension between the state’s new system for legalized recreational marijuana and its existing one for medical marijuana. Backers of I-502 are worried that cheaper, untaxed medical marijuana could undercut prices in the new state-licensed retail stores. Read More….
As of January 1, 2014 the Washington State Liquor Control Board with participation from Washington’s Departments of Revenue and Health, must have final recommendations on the table for the management of Medical marijuana.