Colorado Gov Now Says Legalizing Marijuana Helps State’s Fiscal Health

“It’s all those young people coming and they look at marijuana and say, ‘hey, we can drink whiskey, why can’t we have a legalized system with marijuana?’” he said on FBN.

COLORADO: Colorado Gov. John Hickenlooper seems to be softening his anti-pot stance. The Democratic governor recently told Fox Business Network that the issue is “not as vexing” as he feared it would be, and partly ties Colorado’s strong fiscal health to the popularity and economic opportunities connected with the legal pot industry. “It’s all those young Read the full article…

Colorado OKs World’s 1st Pot Banking System

colorado-lawmakers-approve-plan-marijuana-banks

COLORADO: Gov. John Hickenlooper has signed legislation to try to establish the world’s first financial system for the largely cash-only marijuana industry. The bill signed Friday morning seeks to form a network of uninsured cooperatives designed to give pot businesses a way to access basic banking services. Banks that fear violating federal law do not Read the full article…

Colorado Gov. Still Isn’t High On Legalized Marijuana

While Hickenlooper voiced sympathy towards the inequities of felony records for young people with “often minor marijuana transgressions,” he looked to state lawmakers and district attorneys to mitigate these issues.

COLORADO: Colorado Governor John Hickenlooper did not support marijuana legalization before voters in his state gave it the stamp of approval at the polls in 2012. Four months into this “great social experiment” he tells us he still wouldn’t have supported it despite tax revenues coming in higher than officials thought and a burgeoning new industry. Read the full article…

Colorado Legislators Take It Slow On Pot Spending

But the Joint Budget Committee wants to wait to spend marijuana taxes the year after they are collected. That would leave the state with just $20 million to spend in the budget year that starts in July.

COLORADO:  Legislators proceeded cautiously Tuesday when deciding how to spend marijuana tax money, the state’s biggest and most volatile new source of revenue. Gov. John Hickenlooper has asked for $54 million in spending from marijuana taxes in order to fund law enforcement, anti-drug programs and health care for substance abusers. But the Joint Budget Committee Read the full article…

Chafee Has Open Mind On RI Legalizing, Regulating Marijuana

Chafee spoke to a reporter from Bloomberg News and said that Colorado’s windfall from marijuana sales “opened a lot of eyes,”

RHODE ISLAND:  Governor Chafee attended the National Governors Association this weekend in Washington, D.C. and learned that legalizing and regulating marijuana may be a big source of tax revenue for Rhode Island. Chafee listened to Colorado Gov. John Hickenlooper and discovered that marijuana will generate more than $100 million in tax revenue and regulatory fees Read the full article…

VIRAL WEB HOAX STORY OF THE WEEK: Colorado Governor Set To Release Those Convicted On Marijuana Related Charges, Expunge Records

In Colorado alone, more than 10,000 people were arrested annually for marijuana possession according to a recent study by researchers with the Marijuana Arrest Research Project, a drug policy-reform group.

HOAX ALERT: While we wish it were true, this trending web story is not true. REPEAT: THIS STORY IS A HOAX: COLORADO:  With the passage of Amendment 64, Colorado residents proved themselves to be forward thinking, but while residents of the state are busy enjoying their newfound freedoms, little has been done for those serving time on Read the full article…