Colorado’s $100 Million/Month of Cannabis Sales the “New Norm”

  • Posted by CO 420 Websites
  • On July 26, 2017
Another month, another record-breaking amount of cannabis sales in Colorado. The cannabis industry achieved a milestone in May, with $100 million in pot sales for the 12th consecutive month. "I think that $100 million a month (in sales) are the new norm," said Bethany Gomez, director of research for Brightfield Group, a cannabis market research firm...
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Nevada Governor Declares State of Emergency After Weed Runs Low

  • Posted by CO 420 Websites
  • On July 13, 2017
There's a first for everything, especially when it comes to the cannabis industry, so perhaps it's not surprising that a lack of weed has led the governor of Nevada to declare a state of emergency. Less than two weeks after recreational marijuana sales began, dispensaries report that they're running out of product to sell...
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A Win for Cannabis Industry Banking (Sort of)

  • Posted by CO 420 Websites
  • On July 5, 2017
Denver-based credit union, Fourth Corner, has another shot at bringing banking to the cannabis industry. Since the beginning, banking has always been an issue for cannabis businesses since cannabis is still federally illegal, but this marks a small step forward in progress...
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UN Report: Cannabis Still Hasn’t Caused One Overdose Death

  • Posted by CO 420 Websites
  • On June 29, 2017
Cannabis is the most widely used, cultivated, and confiscated drug on the planet, according to a new report from the United Nations Office on Drugs and Crime (UNODC). But despite its prevalence, there hasn't been a single report of fatal cannabis overdose...
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Recreational Cannabis in Nevada Hits a Roadblock

  • Posted by CO 420 Websites
  • On June 21, 2017
On Tuesday, a Carson City judge, James Wilson, issued an injunction that reverses the Tax Department's decision to allow more than just alcohol wholesalers to transport recreational marijuana from growers to dispensaries. The move could delay a planned July start date for recreational cannabis sales...
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Vermont Governor Vetoes Current Marijuana Bill

  • Posted by CO 420 Websites
  • On May 25, 2017
Vermont Governor Phil Scott (R) vetoed a bill on Wednesday that would have legalized recreational marijuana. Scott cited concerns about public safety, seeking changes to the bill that would include more aggressive penalties for driving while impaired or in the presence of children...
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Marijuana Could Benefit Native Tribes in Nevada

  • Posted by CO 420 Websites
  • On April 12, 2017
Last week, tribal leaders in Nevada testified in support of a bill that would bring the medical and recreational cannabis industry to tribal lands. Senate Bill 375, introduced by Sen. Tick Segerblom (D-Las Vegas), would allow the state to work with individual tribes whose tribal councils have approved medical and/or recreational cannabis...
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Alaska Debates Allowing On-Site Cannabis Use

  • Posted by CO 420 Websites
  • On April 5, 2017
The Alaska Marijuana Control Board to revive a proposal that would allow cannabis consumption at licensed pot shops. Following voter approval of recreational marijuana in 2015, the board began work on regulations that would allow retailers to create consumption spaces, similar to a cafe or bar...
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Marijuana Grown on Federal Research Farm Full of Mold and Lead

  • Posted by CO 420 Websites
  • On March 30, 2017
It turns out that cannabis used in government research isn't all that great. Unlike commercial marijuana, the government product is stringy, light in color, and full of stems. If you're used to the cannabis sold at dispensaries, chances are you wouldn't even recognize the government product as weed...
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CBD is Causing a Medical Revolution

  • Posted by CO 420 Websites
  • On March 14, 2017
Once THC's lesser known cousin, CBD is getting serious attention these days because of its potential use in treating a wide-range of medical conditions. So what is CBD and what are some of its therapeutic uses? Here's a breakdown of what you need to know...
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Las Vegas Cannabis Cup Celebrates Nevada’s End of Marijuana Prohibition

  • Posted by CO 420 Websites
  • On March 10, 2017
Las Vegas' second-ever High Times Cannabis Cup wasn't the toke-friendly festival that many hoped it would be--organizers were forced to make the Cup a cannabis-free event after a federal prosecutor sent a letter warning that anyone caught distributing or consuming marijuana would be subject to prosecution...
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More Celebrities Launch Cannabis Brands, Help Normalize Industry

  • Posted by CO 420 Websites
  • On March 3, 2017
California is expected to become the largest recreational pot market in the country, so it's not surprising that a number of celebrities are jumping on the marijuana bandwagon and creating their own cannabis brands. Industry experts say that by investing in cannabis celebrities like Willie Nelson, Whoopi Goldberg, Wiz Khalifa, and billionaire Richard Branson are helping promote broader social acceptance of marijuana...
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Trump White House Indicates Possible Federal Crackdown on Marijuana

  • Posted by CO 420 Websites
  • On February 24, 2017
On Thursday, White House Press Secretary, Sean Spicer, told reporters that the Trump administration won't be taking the same lax attitude towards marijuana as the Obama administration. At the press conference, Spicer said, “I do believe that you'll see greater enforcement.”...
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New Mexico Bill May Give Military Veterans Access to Medical Marijuana

  • Posted by CO 420 Websites
  • On February 10, 2017
The Senate Judiciary Committee in New Mexico approved a bill that would make all military veterans eligible for a medical marijuana card. The changes to the state's Medical Cannabis Program would automatically allow veterans to enroll without being diagnosed with a qualifying medical condition...
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Retired NFL Players Bring Weed to the Super Bowl

  • Posted by CO 420 Websites
  • On February 3, 2017
Retired NFL players held a pro-marijuana event on Wednesday night to raise awareness about the benefits of cannabis use in treating chronic pain and traumatic brain injury. The event, Cannabis in Professional Sports, hoped to capitalize on the upcoming Super Bowl and to persuade the NFL Players' Association to change their drug policy and lift the ban on marijuana.
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Illinois State Treasurer Urges Trump to Let Banks Work with the Cannabis Industry

  • Posted by CO 420 Websites
  • On January 27, 2017
Illinois State Treasurer Michael Frerichs issued a press release Monday, urging the Trump administration to give clear guidance to financial institutions regarding medical marijuana. In his letter, he urged President Trump to reassure banks that they will not face penalties or prosecution for doing business with state-licensed marijuana growers and dispensaries...
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Denver: First U.S. City to Allow Public Cannabis Use

  • Posted by CO 420 Websites
  • On January 20, 2017
Denver is one step closer to setting guidelines for public marijuana use in clubs and businesses located in Denver. The initiative, passed by voters in November, allows adults 21 and older to consume cannabis at marijuana clubs and places like yoga studios, art galleries, and coffee shops...
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Will Jeff Sessions Crack Down on Legal Marijuana?

  • Posted by CO 420 Websites
  • On January 12, 2017
In his Senate confirmation hearing on Tuesday, Sen. Jeff Sessions (R-Ala) answered questions about his stance on marijuana and the enforcement of federal laws. Sessions, President-elect Trump's choice for U.S. attorney general, has been a staunch opponent of legal cannabis, making many in the cannabis industry nervous...
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Cannabis Legalization Backers Give Free Marijuana on Inauguration Day

  • Posted by CO 420 Websites
  • On January 5, 2017
In response to Senator Jeff Sessions' nomination for attorney general by President-elect Trump, a group of marijuana advocates are lighting up in protest at the upcoming inauguration. The protest isn't anti-Trump or looking to disrupt the inauguration. “The main message is it’s time to legalize cannabis at the federal level."...
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2016: The Year in Weed

  • Posted by CO 420 Websites
  • On December 28, 2016
As a result of November's election, medical cannabis is legal in more than half of U.S. states. Medical marijuana measures were approved in Arkansas, Florida, North Dakota. In Montana, existing medical cannabis rules were expanded by removing the three-patient limit for providers...
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Recreational Marijuana Won’t Tax Nevada’s Budget

  • Posted by CO 420 Websites
  • On December 21, 2016
Nevada state regulators are confident that launching the recreational marijuana market won't strain the state budget, in large part because they plan to use funds from the state's medical marijuana program to offset startup costs. The Question 2 ballot measure takes effect on January 1, making it legal for adults 21 and older to possess up to an ounce of marijuana...
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First Recreational Cannabis Shops Open in Anchorage This Month

  • Posted by CO 420 Websites
  • On December 8, 2016
Anchorage, Alaska's most populous city, will finally see its first retail marijuana shops open for business on December 17. Dispensaries have been popping up around Alaska, but unlike other cities, Anchorage requires marijuana business applications to be certified by the state...
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President Obama Talks Marijuana

  • Posted by CO 420 Websites
  • On December 1, 2016
In an "exit interview" with Rolling Stone, President Obama spoke about decriminalizing marijuana and treating cannabis as a public-health issue rather than a criminal one. Throughout his presidency, Obama has taken a hands-off approach to pot....
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