National Cannabis Industry Association to endorse taxation of adult-use marijuana proposal included in Senate Finance Committee’s “options paper,” while decrying an unfair existing tax provision

Former Microsoft bigwig Jamen Shiveley announced this week that he’s creating the first national marijuana brand and that he eventually hopes to build the company up to be the Starbucks of recreational pot. To accomplish that, he eventually plans to break down international drug laws and import cannabis grown in Mexico. [Read more…]

This Mile High Gardening Conference, which took place in Denver over the weekend, had sessions aplenty about 21st Century growing techniques, with a big focus on aquaponics and a vertical garden installed by the Spanish firm Urbanarbolismo. [Read more…]

At the news conference, former Microsoft manager Jamen Shively discussed his plans to launch a new marijuana brand named for his great-great grandfather, Diego Pellicer. [Read more…]

“Having a national chain of marijuana-based companies is not only explicitly counter to the existing prohibition, but also counter to the… [Read more…]

Ballot measures in November will ask them to OK a 15 percent excise tax on marijuana and up to a 15 percent tax on pot sales, which lawmakers could later adjust downward if they wanted.

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Still, there’s a sense that opinions on the issue are changing. And what if five years from now—a generous timeline—the national government sees the benefits of legalization and re-classifies marijuana as a controlled substance like tobacco or alcohol, not heroin and cocaine? Won’t the pot entrepreneurs of today… [Read more…]

This legislation creates a federal excise tax on the sales on marijuana in states where it is legal for either medicinal or recreational use, as well as…

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“It’s entirely possible that what’s at work here is grandiosity,” Kleiman said. “I mean, he put out a press release that said ‘We’re going to mint more millionaires than Microsoft.’ [Read more…]