Uruguay To Sell Legal Marijuana For $1 A Gram

Uruguay's first marijuana club seeks to open.

URUGUAY: Uruguay’s drug tsar says the country plans to sell legal marijuana for $1 a gram to combat drug-trafficking, according to a local newspaper. The plan to create a government-run legal marijuana industry has passed the lower house of Congress, and Uruguay’s president, José Mujica, expects to push it through the Senate soon as part of Read the full article…

Seattle City Attorney Pete Holmes Warns: Not Enough Retail Pot Shops

Twenty-one retail marijuana outlets likely won’t be enough to meet Seattle’s demand for now-legal, taxed, and regulated recreational marijuana,  Seattle City Attorney Pete Holmes says in a letter to the Washington State Liquor Control Board.

WASHINGTON: Twenty-one retail marijuana outlets likely won’t be enough to meet Seattle’s demand for now-legal, taxed, and regulated recreational marijuana,  Seattle City Attorney Pete Holmes says in a letter to the Washington State Liquor Control Board.

Seattle City Attorney Pete Holmes Warns: Not Enough Retail Pot Shops

Twenty-one retail marijuana outlets likely won’t be enough to meet Seattle’s demand for now-legal, taxed, and regulated recreational marijuana,  Seattle City Attorney Pete Holmes says in a letter to the Washington State Liquor Control Board.

WASHINGTON: Twenty-one retail marijuana outlets likely won’t be enough to meet Seattle’s demand for now-legal, taxed, and regulated recreational marijuana,  Seattle City Attorney Pete Holmes says in a letter to the Washington State Liquor Control Board.

Marijuana Investors Commit More Than $1 Million After Denver Meeting

22 companies — including four that are directly involved in marijuana sales or cultivation, a first for the group — made pitches to ArcView members on Tuesday. Dayton said those pitches ranged from requests of $100,000 to one for $24 million.

COLORADO:  Denver meeting of a marijuana industry investment group resulted in more than $1 million in new money being pumped into cannabis businesses, the group announced Wednesday.

Marijuana Investors Commit More Than $1 Million After Denver Meeting

COLORADO:  Denver meeting of a marijuana industry investment group resulted in more than $1 million in new money being pumped into cannabis businesses, the group announced Wednesday.

For Marijuana Entrepreneurs, Sticky Red Tape Remains In Colorado

Would-be pot backers are still being blocked by a Colorado rule that requires investors to qualify as state residents for three years before making equity investments in the marijuana business—a restriction that doesn’t apply to other industries.

COLORADO: Once a quarter for the past two years, the ArcView Angel Investor Network plays matchmaker between individuals curious about investing in the newly legal marijuana market and pot entrepreneurs who need capital to expand. Skeptical financiers at each of these pitch sessions have had to price in an enormous risk: that even with more states Read the full article…

Marijuana Entrepreneurs Line Up to Cash In

WASHINGTON: Jim Willett has never smoked pot. His teenage sons think he’s a square. A former Navy pilot, Willett spent a year flying drug interdiction patrols along the Washington coast, checking for ships carrying bales of marijuana. For the graying retiree, voting against the state’s legalization of recreational weed last fall was pretty much a given.

Marijuana Entrepreneurs Line Up to Cash In

Jim Willett, photographed at his home in Woodinville, is investing in “everything but the [marijuana] plant.”

WASHINGTON: Jim Willett has never smoked pot. His teenage sons think he’s a square. A former Navy pilot, Willett spent a year flying drug interdiction patrols along the Washington coast, checking for ships carrying bales of marijuana. For the graying retiree, voting against the state’s legalization of recreational weed last fall was pretty much a given.

Marijuana Industry Eager to Pay Taxes – and Cash in on Deductions

The Senate Finance Committee included marijuana taxes in an “options paper” listing fresh possible sources of revenue.

DISTRICT OF COLUMBIA: As Congress wrestles with big budget cuts, one budding industry wants to help out the federal government with a novel message: Tax us, please.