Herbonomics: Looking at Portland, OR Cannabis Licensing Trends

he data speaks volumes. How is it that only 16 non retail marijuana licenses have been issued in four months. This is creating extreme economic hardship for many businesses.

By Beau Whitney OREGON: In advance of my talk this week at the CCC Show in Portland, I want to share an analysis I put together on the City of Portland, Office of Neighborhood Involvement Marijuana Licensing. I initially reported on this in a press release of a white paper published on 12/12/16. Although there has Read the full article…

Revenue From Colorado Marijuana Tax Expected To Double In 2015

According to financial data released last week, the state also raked in significantly more money taxing marijuana than it did taxing alcohol for the yearlong period of July 2014 to June 2015, with marijuana netting almost $70 million and alcohol just under $42 million.

COLORADO: It’s heady times in the Mile High City, and that’s just at the state budget office. Colorado is on track to more than double the state’s marijuana tax revenues this year, showing up the $44 million collected in 2014 with a projected 2015 windfall of $125 million, reports The Guardian. The state hoped to collect $70 million in 2014, Read the full article…

Recreational Marijuana On 2016 Florida Ballot? Petition Needs 683,000 Signatures

FLORIDA: Regulate Florida, a political committee that wants to amend the Florida constitution to legalize and regulate adult use of marijuana for recreational use, has been given the go-ahead by the Department of State, Division of Elections to work on getting its initiative placed on the 2016 elections ballot. This means that Florida voters could potentially Read the full article…

Massachusetts Marijuana Groups Seek Pot Legalization Vote

The initiatives could become part of a wave of similar measures put before voters in a half-dozen U.S. states in 2016 as pro-marijuana groups follow a strategy that has already legalized the drug in four states plus the District of Columbia.

MASSACHUSETTS: Two marijuana advocacy groups on Wednesday are set to submit proposed ballot initiatives that would allow Massachusetts voters to decide whether to legalize recreational pot smoking in the state. The initiatives could become part of a wave of similar measures put before voters in a half-dozen U.S. states in 2016 as pro-marijuana groups follow Read the full article…

How Is Marijuana Legalization Going? The Price Of Pot Peace Looks Like A Bargain.

“It seems like the people that were smoking before are mainly the people that are smoking now,” Hickenlooper said as Colorado marked six months of legal recreational sales last week.

In 2012 John Larson, a retired high school math and science teacher, voted against I-502, the initiative that legalized marijuana in Washington. Yet this week Larson was one of the first government-licensed marijuana merchants to open a store in that state: Main Street Marijuana in Vancouver. “If people were dumb enough to vote it in, I’m all for Read the full article…

Governor: Colorado Pot Market Exceeds Tax Hopes

The governor predicted sales and excise taxes next fiscal year would produce some $98 million, well above a $70 million annual estimate given to voters when they approved the pot taxes last year. The governor also includes taxes from medical pot, which are subject only to the statewide 2.9 percent sales tax.

COLORADO:  Colorado’s legal marijuana market is far exceeding tax expectations, according to a budget proposal released Wednesday by Gov. John Hickenlooper that gives the first official estimate of how much the state expects to make from pot taxes. The proposal outlines plans to spend some $99 million next fiscal year on substance abuse prevention, youth Read the full article…

Colorado Recreational Marijuana Sales Exceed $5 Million In First Week

Colorado, the first state to allow retail recreational marijuana sales to adults age 21 and older, has projected nearly $600 million in combined wholesale and retail marijuana sales annually.

COLORADO:  Colorado marijuana dispensaries made huge sales in the first week of legal recreational marijuana. Owners of the 37 new dispensaries around the state reported first week retail sales to The Huffington Post that, when added together, were roughly $5 million. That’s a lot of green for Colorado’s legal weed. Colorado, the first state to allow retail Read the full article…

Ireland ‘Ready For Legalization Of Cannabis’

“If cannabis is legalized, we can make a shopping list out of the amount of money which legalizing cannabis will save this country,” said the TD.

IRELAND: “Ireland is ready for the legalization of cannabis,” according to Roscommon TD Luke Ming Flanagan, who today published his Cannabis Regulation Bill 2013. Mr Flanagan estimated that the legalization of cannabis could generate up to €300 million through tax revenues and the freeing up of resources. However, he stressed this was an estimate and it was Read the full article…

High Marijuana Taxes Could Derail Legalization Plans

Colorado tax on marijuana has been upheld by a federal court despite claims that paying it amounts to self-incrimination violating the Fifth Amendment.

COLORADO: When Congress banned marijuana in 1937, it did so in the guise of taxation, imposing a prohibitive levy on cannabis and created criminal penalties for those who failed to pay it. Marijuana taxes also played a prominent role in what may be the beginning of the end for pot prohibition: the legalization measures that voters in Colorado and Washington approved Read the full article…