Marijuana is legal in eight states and the District of Columbia, and medical marijuana is legal in nearly 30 (although often under quite restrictive regulatory schemes). Between the two, legal weed is generating total annual sales of between $ 4 billion and $ 4.5 billion. But legal marijuana sales are dwarfed by sales in the black market, […]
CARSON CITY, NV — Nevada’s anticipated July 1 start to recreational marijuana sales could be delayed following a judge’s ruling earlier this week on a complaint from the alcohol industry. A district judge issued an order Tuesday banning the state’s Department of Taxation from enforcing a May 31 application deadline for medical marijuana dispensaries applying […]
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DENVER, CO — Retail sales of marijuana in Colorado totaled well over $ 1 billion in the first ten months of 2016 and are estimated to reach $ 1.3 billion by year’s end, according to data provided by the state’s Department of Revenue. The sales totals are an increase over last year, when retailers sold $ 996,184,788 in marijuana-related […]
BOSTON, MA — Lawmakers in Massachusetts wasted no time in meddling with a referendum passed by voters in November to legalize recreational marijuana for adults, passing legislation Wednesday to delay the start of a retail cannabis market by several months. Home cultivation and personal possession of marijuana by adults 21 or older became legal on December […]
LAS VEGAS, NV — Voters in Nevada legalized marijuana on election day by passing Question 2, allowing adults 21 and older to possess limited amounts of marijuana starting January 1, 2017. But under the measure, a state regulated recreational cannabis market wouldn’t open until 2018, giving state officials time to craft the rules and regulations to […]
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Tax revenue collection from retail marijuana sales in Colorado, Oregon, and Washington is exceeding initial projections, according to a new report published by the Drug Policy Alliance. Marijuana-related tax revenue in Colorado totaled $ 129 million over the 12-month period ending May 31, 2016 – well exceeding initial estimates of $ 70 million per year, the report […]
Montana Court Limits Commercial Sales of Medical Marijuana
The Montana Supreme Court ruled Thursday that medical marijuana providers should be paid for their services, but it clamped down on commercial sales of the drug by limiting providers to no more than three patients each. The court's decision upheld …
Read more on ABC News
New Colorado bill would create guidelines for organic marijuana
“This is going to be the Whole Foods version of cannabis,” said Jonathan Singer, a Democratic state representative sponsoring legislation to establish state-approved organic pot. “This is just the next natural step in making sure marijuana is treated …
Read more on The Guardian