Rolling in the Green: Expectations for the Cannabis Boom

Right now someone is legally purchasing marijuana for recreational use in Colorado. Actually, lots of people are buying marijuana—more than was initially expected. Recent reports state that Colorado has raised its predicted tax revenue for the next fiscal year from $70 million to just under $100 million based on $610 million in expected sales. When […]

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Washington House Approves Vote to Ban Dispensaries

The Washington House of Representatives voted on Monday to approve the bill H.B. 2149.  The bill seeks to phase out the state’s medicinal marijuana dispensaries, reacting to the fear that these businesses will detract from the recreational market.  The medical market is currently poised to present unregulated competition for the taxable, state-licensed recreational stores. The […]

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Feds Allow Banks to Serve Cannabis Industry

Last Friday, the federal government carried through on last month’s promise and delivered new banking regulations intended to help banks include legal marijuana businesses among their clients. Previously, banks had been required to turn away customers with marijuana companies, which are technically operating in violation of federal law, and this has left the cannabis industry […]

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States and Feds Show Signs of Wavering Marijuana Prohibition

With recreational use legalized in two different states, 2013 was a big year for marijuana enthusiasts.  2014 is gearing up to be even bigger and more monumental if social and political patterns are to be trusted. The nation has watched Colorado and Washington very closely since the states began the great legalization experiment last year, and […]

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The Farm Bill’s Passage: Anticipating a Legal U.S. Hemp Market

Prospective hemp farmers are expecting a go-ahead soon from the federal government, which would allow pilot hemp-growing programs to be established in the 10 states around the country where its been legalized. Hemp is the sober strain of cannabis (containing less than 1% THC), and even though it has huge potential for becoming an industrial […]

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State-Owned Bank Could Serve Marijuana Industry in WA

Senator Bob Hasegawa of Seattle has proposed a solution to the cash-only economy that medical (and soon recreational) marijuana companies have existed in since its legalization: a state-run bank designed and constructed solely to handle all of the controversial industry’s revenues. In general, banking and cannabis simply do not coincide in today’s world of shifting […]

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State of the Union Lacks Important Legalization Topic

President Obama gave his fifth State of the Union address on Tuesday evening, in which he touched upon a variety of topics that predictably resonated well with liberal-minded citizens. And while it’s great to hear about immigration reform and the very real problem of income inequality between genders, there remained a looming issue in the […]

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New Banking Regulations Expected for Cannabis Industry

The trail to federally-recognized marijuana services was unveiled last week when Attorney General Eric Holder said that the Obama administration would soon release regulations that will allow banks to do business with legal marijuana businesses.  Though the proposed solution is not as game-breaking as many would have hoped, at least it’s something. As things stand […]

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What Kind of Ex-Stoner is President Obama, Anyway?

Marijuana legalization (first medically and now recreationally) has been a relevant topic for many years, and its proponents have often looked to President Barack Obama for a meaningful reaction of some sort: a glimpse of his former stoner self perhaps, or even a warning sign of troublesome drug policies to come.  Well, in a recent […]

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A Tale of Two Systems: Recreational & Medical Cannabis in Washington State

The deadline for submitting applications to grow, produce and/or sell marijuana in Washington has passed and the state liquor control board (WSLCB) has reported receiving over 2,500 applications. Out of those applications no more than 334 retail stores would be allowed statewide, while restrictions on growers will center around a cap on the number of […]

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New Rules Proposed for Washington State’s Medical Marijuana System

With retail sales of marijuana set to begin in a matter of weeks, Washington State’s Medical Marijuana Work Group, which is comprised of the Washington State Liquor Control Board, the Washington State Department of Health and the Washington State Department of Revenue, released new recommendations relating to the sale and distribution of medicinal marijuana within […]

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Federal Government Won’t Interfere with State Marijuana Laws (For Now)

The Department of Justice announced a long-awaited update to their Marijuana Enforcement Policy at the end of last month, stating that the DOJ would no longer interfere with legal and medicinal marijuana operations in states where marijuana is legal. However, the DOJ did not rule out future enforcement efforts. They left interpretation of the new […]

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Marijuana Dispensaries Raided in Washington State

On July 24th, armed members of the Drug Enforcement Agency raided four medicinal marijuana dispensaries in the South Sound region of Washington State. Per federal authorities, the raids are a part of an investigation dating back to 2011, the year before Initiative 502 passed. No arrests were made, but DEA agents did seize supplies of […]

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WSLCB Announces Washington Marijuana Surveys

The Washington State Liquor Control Board has announced two online surveys, open to the general public, that BOTEC Analysis Corporation will be using to help the board make informed decisions about the existing marijuana consumer base. If you live in Washington, please take a moment to fill them out and contribute to the birth of […]

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Cracked Nutt: Scientist Argues Drugs Should Be Legalized For Research

In June Dr. David Nutt made headlines as one of the primary authors of a document that indicted government marijuana research policies stating that the outlaw of substances like marijuana, LSD and MDMA were tantamount to, “the worst case of scientific censorship since the Catholic Church banned the works of Copernicus and Galileo.” In the […]

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New timeline for WSLCB recreational marijuana draft rules

Yesterday, June 10, the Washington State Liquor Control Board (WSLCB) in Olympia released the following dates for filing its recreational marijuana draft rules: June 19, 2013 – Board work session on proposed rules. July 3, 2013 – Board files official draft rules (CR 102) with the state Code Reviser. August 7, 2013 – Public hearing […]

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