Denver Post launches series examining effects of marijuana legalization in Colorado

Four years after Colorado voters passed Amendment 64 legalizing the sale of recreational marijuana, which began in earnest at the beginning of 2014, The Denver Post is taking a deeper look into the impact the drug has had on the state. Continue reading “Denver Post launches series examining effects of marijuana legalization in Colorado”

Colorado to Sessions: Pot Industry Working and Can Be Better

Colorado’s legal marijuana industry is working — and can work better with federal collaboration, the state’s governor and Republican attorney general told U.S. Attorney General Jeff Sessions in a letter Thursday. Continue reading “Colorado to Sessions: Pot Industry Working and Can Be Better”

Vermont’s Supreme Court to Consider Cannabis ‘Sniff Test’

Vermont’s highest court is set to consider a case involving whether the simple smell of cannabis constitutes legal grounds to search and seize a driver’s vehicle.

In 2014, police in Vermont pulled over driver Greg Zullo, claiming his license plate was partially obscured by snow. After approaching Zullo’s car, a state trooper claimed he could smell cannabis and asked to search the vehicle. Continue reading “Vermont’s Supreme Court to Consider Cannabis ‘Sniff Test’”

Netflix Hops Into Cannabis Selling Promotional Strains Based on Their Shows

After almost two decades, Netflix has decided to dive into the marijuana industry by selling a few of its own strains of weed. According to Variety, the streaming giant is gearing up to offer a number of boutique marijuana strains in West Hollywood, California. These various strains of weed are marketed toward enhancing the experience of settling into the couch for a night of Netflix and chill. Continue reading “Netflix Hops Into Cannabis Selling Promotional Strains Based on Their Shows”

Nevada Regulators Reaffirm Wall Between Casinos, Pot

 Nevada’s gambling regulators are grappling with how to deal with the state’s latest legal vice — recreational marijuana— and they’ve made it clear that pot doesn’t belong in casinos.

In the first of a series of policy discussions on Thursday, the Nevada Gaming Commission reiterated that as long as marijuana consumption and possession is viewed as a felony by federal authorities, it will have no place in Nevada casinos. Continue reading “Nevada Regulators Reaffirm Wall Between Casinos, Pot”

Nevada Judge Clears Way for Expanded Marijuana Distribution

A judge cleared the way Thursday for Nevada to allow more businesses to move marijuana from growers to stores in an effort to keep up with overwhelming demand since recreational pot sales began last month.

Carson City District Judge James Russell lifted an order blocking regulators from issuing pot distribution licenses to anyone other than alcohol wholesalers. Nevada’s voter-approved law is unique among pot states in providing liquor wholesalers exclusive rights to distribute marijuana unless they could not keep up with demand. Continue reading “Nevada Judge Clears Way for Expanded Marijuana Distribution”

Australian Cannabis Biotech Developing Cancer and Epilepsy Drugs

MGC Pharmaceuticals (TSX: MXC, OTC: MGCLF) is a young cannabis biotech headquartered in Western Australia that specializes in pharmaceutical product research and development.

Australian cannabis stock have been red hot for the last few months.

  • I added Australian-based Cann Group (ASX: CAN) to the members portfolio on July 31 and we’re already up 70% in less than three weeks.
  • I added fellow Australian cannabis stock AusCann (OTC: ACNNF) to the member portfolio on June 6 and we’re up 55%.

Continue reading “Australian Cannabis Biotech Developing Cancer and Epilepsy Drugs”

California Rushing to Meet January 2018 Legalization Deadline

State of California

With only four months left until full legalization in California, regulations are literally being adopted on the fly.

The state needs to fill out its commissions and offices by hiring up to 82 people. Software has to be written in time to start accepting applications from the thousands of entrepreneurs hoping to sell weed. In fact, regulations governing sales aren’t even properly in place. Continue reading “California Rushing to Meet January 2018 Legalization Deadline”

Legal marijuana sale faces challenges by banks in Uruguay

The legal sale of marijuana in Uruguayan pharmacies is facing challenges as banks refuse to deal with companies linked to the drug in order to follow international financial laws.

A government official said Friday that Uruguayan banks risk running afoul of laws that ban receiving money tied to the drug. The official was not authorized to comment publicly and spoke on condition of anonymity. Continue reading “Legal marijuana sale faces challenges by banks in Uruguay”