Colorado Sees Average Price of Wholesale Marijuana Rise in Second Half of 2018

Starting Jan. 1, Colorado will reap more tax revenue from wholesale deals involving marijuana intended to be sold to consumers after the average prices of those wholesale products rose in the latter part of 2018.

The Colorado Department of Revenue on Thursday released updated average market rates for marijuana being sold or transferred from retail cultivation centers to recreational pot shops or facilities that make retail products like hash oil and edibles. Those sales and transfers are subject to a 15-percent excise tax. Continue reading “Colorado Sees Average Price of Wholesale Marijuana Rise in Second Half of 2018”

Colorado pot sales hit a record $1.5 billion in 2017, and border towns saw a green rush from neighbors

Colorado marijuana shops raked in a record $1.51 billion sales of medical and recreational cannabis, edibles and concentrate products during 2017, according to Colorado Department of Revenue data released Friday. Continue reading “Colorado pot sales hit a record $1.5 billion in 2017, and border towns saw a green rush from neighbors”

Hickenlooper says he doesn’t see the benefit of rescinding marijuana policy for Trump Administration

After news broke earlier this week that Attorney General Jeff Session has rescinded the Cole Memo, changing how the government enforces federal marijuana laws, Gov. John Hickenlooper told CNN Saturday that he didn’t see how the move would help the Trump administration. Continue reading “Hickenlooper says he doesn’t see the benefit of rescinding marijuana policy for Trump Administration”

Oregon marijuana growers face lawsuit from vineyard owner over crop’s smell

A Yamhill County judge has denied a motion to dismiss a complaint filed by a vineyard owner against aspiring marijuana growers.

The vineyard owner, Momtazi Family LLC, claims marijuana odors would damage wine grapes with “foul-smelling particles.”

The Capital Press newspaper reports Steven, Mary and Richard Wagner asked the judge to throw out the lawsuit because there was no evidence that odors would cross property lines and because the planned marijuana operation wasn’t yet definite. Continue reading “Oregon marijuana growers face lawsuit from vineyard owner over crop’s smell”

Colorado marijuana shops maintain $136M pace for third straight month

Colorado marijuana sales are holding steady.

Cannabis shops across the state sold a little more than $136.6 million in flower, edibles, concentrates, and accessories for September 2017, according to The Cannabist’s calculations on tax statistics released Thursday by the state Department of Revenue. Continue reading “Colorado marijuana shops maintain $136M pace for third straight month”

Parts Of Colorado Approve New Marijuana Taxes

Voters in multiple parts of Colorado approved new marijuana taxes that will hike prices for consumers in those areas. Eagle County, Colorado is suffering from mental health and substance abuse issues. They’re hoping the new marijuana taxes that were approved will help fund programs that will save the town. However, it still begs the question: Are taxes on legal marijuana getting too high? Continue reading “Parts Of Colorado Approve New Marijuana Taxes”

Pharma CEO who funded anti-marijuana campaign accused of giving docs kickbacks to prescribe opioids

U.S. prosecutors leveled charges Thursday against the billionaire founder of an opioid medication maker that has faced increasing scrutiny from authorities across the country over allegations of pushing prescriptions of powerful painkillers amid a drug epidemic that is claiming thousands of lives each year.

The fraud and racketeering case against Insys Therapeutics founder John Kapoor came the same day President Donald Trump declared the opioid crisis a nationwide public health emergency. Continue reading “Pharma CEO who funded anti-marijuana campaign accused of giving docs kickbacks to prescribe opioids”

The Predicted Rush of Michigan Cannabis Farmers

Are Michigan cannabis farmers about to hit gold? Or will their state’s law enforcement do everything in their power to shut them down before they can reach their full potential?

A New Green Rush?

The powers-that-be in the state aren’t holding back their opinion that cannabis is no good.

Officially, authorities in Michigan are wasting no effort in discouraging the state’s citizens from seeking solace in legal medical cannabis. Or discouraging Michigan cannabis farmers.  Continue reading “The Predicted Rush of Michigan Cannabis Farmers”