Colorado Cannabis Tax Revenue Exceeds $105 Million

  • Posted by CO 420 Websites
  • On May 31, 2017
Colorado governor John Hickenlooper signed a budget bill on Friday that earmarks how marijuana tax revenue will be spent. Marijuana is still big business in Colorado, and tax revenue from the 2016-2017 fiscal year brought more than $105 million to the state's "Marijuana Cash Fund."...
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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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Applications for Nevada Recreational Cannabis Sales Now Open

  • Posted by CO 420 Websites
  • On May 17, 2017
Good news Nevada cannabis enthusiasts: the application period for recreational cannabis sales is underway and stores are expected to open by July 1. Licenses will be distributed to currently operating medical marijuana dispensaries. Here's everything you need to know about applying for a recreational cannabis license...
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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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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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Pro-Marijuana Lawmakers Launch Cannabis Caucus

  • Posted by CO 420 Websites
  • On February 17, 2017
At a press conference on Thursday, Republican congressmen Dana Rohrabacher (California) and Don Young (Alaska) joined Democrats Earl Blumenauer (Oregon) and Jared Polis (Colorado) to launch the Congressional Cannabis Caucus. The coalition is focused on easing tensions between federal and state drug laws and supporting the growing cannabis industry...
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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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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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The State of Marijuana: 2016

  • Posted by CO 420 Websites
  • On November 10, 2016
We made it! The election is finally over--and the big winner is definitely cannabis. Recreational marijuana initiatives were on the ballot in five states, with Arizona as the only holdout. As of Tuesday's election, medical cannabis is legal in more than half of U.S. states (28 states and Washington D.C.)...
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Cannabis is Quickly Becoming Colorado’s Largest Industry

  • Posted by CO 420 Websites
  • On November 4, 2016
Total 2015 numbers for the Colorado cannabis industry were $996 million in marijuana sales and $121 million in new taxes. The cannabis industry is the fastest-growing business sector in the state and has created 8,005 direct and ancillary full-time jobs in 2015...
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Medical Marijuana Debate Heats up in Florida

  • Posted by CO 420 Websites
  • On October 20, 2016
A proposed amendment that would legalize medical marijuana in Florida has become a central issue in the state this election. With voting only nineteen days away, voters have little time left to consider the issue...
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The Majority of Americans Support Cannabis Legalization

  • Posted by CO 420 Websites
  • On October 13, 2016
A new survey released by the Pew Research Center indicates that the number of Americans who support marijuana legalization are higher than ever. 57% approve legalization, while only 37% think cannabis should be outlawed..
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Marijuana Buyer’s Remorse? Not in Colorado

  • Posted by CO 420 Websites
  • On September 20, 2016
Four years after voters approved Amendment 64, do Coloradans regret legalizing cannabis? Not according to a new poll that shows the majority of voters in the state, 51 percent, would oppose repealing the amendment if it were to appear on the ballot...
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Ballot Initiative Could Limit THC Potency in Colorado

  • Posted by CO 420 Websites
  • On July 5, 2016
The Colorado Supreme Court gave approval for a petition that would limit the amount of THC in Colorado marijuana. Anti-pot supporters of the initiative must gather 98,000 signatures by August 8 for the proposal to appear on the November ballot...
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Nevada Looks to Expand Legal Cannabis Market

  • Posted by CO 420 Websites
  • On June 29, 2016
This November, voters in Nevada will consider whether or not to approve the sale of recreational marijuana. The state already has a medical cannabis program, which includes eight specific conditions that qualify patients for a medical marijuana card...
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