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February 21, 2014

Colorado is going to make bank for all that legal pot they’re selling

  • yeah! According to new statistics, the state of Colorado is likely to make major bank from the sale of marijuana. Based on the first budget report on the issue, the state will likely make $184 million in tax revenue from pot alone over the next 18 months, and the industry itself is projected to earn $610 million in revenue in that period.
  • but … Don’t get too excited, Colorado Gov. John Hickenlooper said on Friday during a meeting with governors from other states. “When governors have asked me, and several have, I say that we don’t have the facts,” Hickenlooper explained. “We don’t know what the unintended consequences are going to be and we’re going to regulate it every way we can. What I do is urge caution.”
22:27 // 6 months ago
February 13, 2014
Marijuana prohibition has been a long-term failure. Forcing marijuana into the underground market ensures authorities have no control of the product. Regulating marijuana would allow the product to be sold safely and responsibly by legitimate businesses in appropriate locations.
Rhode Island State Sen. Joshua Miller • In a statement, released via the official Rhode Island State Senate website, after introducing a bill that would legalize the use of recreational marijuana for all adults aged 21 or older. The Marijuana Regulation, Control and Taxation Act was also introduced to the Rhode Island House of Representatives on Wednesday, by Rep. Edith Ajello, and would make Rhode Island the third state to legalize use of the plant. Medical marijuana was approved by voters back in 2006, and a recent Public Policy Polling study shows a slight majority of voters in the state support regulating cannabis like alcohol. source
16:34 // 6 months ago
January 8, 2014

Early numbers reveal marijuana is pretty popular in Colorado

  • $5M was spent on recreational marijuana during the first week of sales in Colorado, according to the 37 dispensaries currently operating inside the state, including more than $1 million in sales on January 1. State officials expect cannabis sales to generate an estimated $70 million in tax revenue this year, with more than $25 million already allocated for the construction of new schools. source
14:43 // 7 months ago
January 1, 2014
17:48 // 8 months ago
December 10, 2013
Legalized: The states of Washington and Colorado may be getting quite a bit of attention for passing legislation to legalize marijuana last year, but a different country is about to become the first in the world to legally protect its citizens’ right to consume, grow, and sell cannabis. Residents of Uruguay will soon be allowed to purchase up to 40 grams of marijuana per week month from state-run pharmacies, at just $1 per gram, or grow up to 6 plants of their own. The government has also given itself 120 days to create a regulatory body for privatized distribution. (Photo via Coleen Danger) source

Legalized: The states of Washington and Colorado may be getting quite a bit of attention for passing legislation to legalize marijuana last year, but a different country is about to become the first in the world to legally protect its citizens’ right to consume, grow, and sell cannabis. Residents of Uruguay will soon be allowed to purchase up to 40 grams of marijuana per week month from state-run pharmacies, at just $1 per gram, or grow up to 6 plants of their own. The government has also given itself 120 days to create a regulatory body for privatized distribution. (Photo via Coleen Danger) source

15:04 // 8 months ago
November 2, 2013
We have hundreds of young black men, black boys, being locked up, for simple possession of a couple bags of marijuana. We don’t want to be proud of the wrong kind of thing here. We need to stop that kind of injustice from happening.
D.C. City Council member Marion Barry • Discussing the city’s renewed push to decriminalize possession of small amounts of marijuana, something driven largely in part by the high disparity of arrests between black and white D.C. residents. In 2010, blacks were eight times more likely to be arrested as whites, according to the American Civil Liberties Union.
15:13 // 10 months ago
August 29, 2013
14:02 // 1 year ago
August 14, 2013
It is economically and socially just to tax it. We can eliminate some of the criminal nature that surrounds the drug and obtain revenue from it.
New York City Comptroller (and mayoral candidate) John Liu • Suggesting that the city decriminalize marijuana for recreational use, tax it, and use the legalization as a revenue-generating tool. The plan would have to be approved by state legislators, but that’s certainly a nice big talker for Liu’s campaign—something he announced exclusively to the Associated Press. The Sanjay Gupta effect continues.
8:31 // 1 year ago
November 14, 2012
Respect for the principles of democracy; respect for the states to make decisions on matters that primarily affect the residents of those states; the chance to conserve scarce federal financial resources — these we believe are many strong reasons for you to defer to the state decisions.
Rep. Barney Frank and Rep. Ron Paul • In an open letter to President Obama, asking that his administration not interfere with recently passed ballot measures that legalized the recreational usage of marijuana in Washington and Colorado. The retiring House members have both long been advocates of reforming existing drug laws, and have repeatedly introduced federal decriminalization legislation in the past. The Department of Justice and Drug Enforcement Agency have remained relatively mum on the new laws, outside of signaling disapproval, though many expect to hear some word on the federal government’s stance in the days and weeks ahead. source
14:42 // 1 year ago
November 12, 2012

Marijuana legalization has early effects in Washington

  • 220 misdemeanor marijuana charges have been dropped by prosecutors in King and Pierce counties before a new law legalizing possession of  the (still federally controlled) substance takes effect next month. Washington’s widely publicized legalization initiative is set to become the law of the land on Dec. 6, barring federal intervention in the interim, but local authorities see little point in trying to enforce laws that will soon expire. ““I think when the people voted to change the policy, they weren’t focused on when the effective date of the new policy would be,” said King County Prosecutor Dan Satterberg. “They spoke loudly and clearly that we should not treat small amounts of marijuana as an offense.” source
14:29 // 1 year ago