Massachusetts

Thu
10
Nov

Cannabis Deals and Information Site Leafbuyer Plans Major Expansion Following Landslide Election Results

Leafbuyer.com will immediately begin working with partners in each state and will deploy a huge marketing nationwide. Additional markets will allow Leafbuyer to scale its operations and offer a larger selection of cannabis deals to more consumers.

“We are excited to expand our platform to new and growing markets across the country. We are now beyond the tipping point. Our success in Colorado can be attributed to a customer-centric focus and intense grass roots marketing,” said Cayla Shortley, Director of Sales.

Thu
10
Nov

Mentor Capital: Election Triples Recreational Cannabis Market

Mentor Capital reports that, following the election, overnight, the population in states where recreational cannabis use is legal increased from 17.6 million to 67.5 million. California, Massachusetts, Maine and Nevada joined Colorado, Alaska, Oregon, Washington and the District of Columbia as new safe havens for cannabis use by adults when in compliance with their respective state laws. This rising tide was further buttressed by the approval of medical marijuana use in Florida, North Dakota and Arkansas with a combined population of 22.6 million. 29 states now allow recreational cannabis or medical marijuana use covering the majority of the US population.

Thu
10
Nov

Cannabis victorious: What do the wins for marijuana legalization mean for business?

Is Big Weed on the way? Now that California, Nevada, Maine and Massachusetts have legalized recreational marijuana, investors should expect the explosion of a major new industry which could have a major economic impact on America.

One main reason why the potential in recreational marijuana is so great is that, until Colorado and Washington legalized cannabis in 2012 (Oregon and Alaska legalized it later), there was no legitimate industry in the country to speak of. By virtue of being legalized — and in particularly in a state as large, and with as vibrant an agricultural sector, as California — the recreational marijuana industry has now created a solid foundation for itself and its own ground floor.

Wed
09
Nov

Massachusetts Legalizes Recreational Marijuana

Massachusetts has joined a handful of states in allowing recreational marijuana.

As of Dec. 15, it will be legal for adults, age 21 and older, to grow and use marijuana at home. And weed could be for sale in stores by Jan. 1, 2018, now that voters have approved a ballot question making cannabis legal for recreational use.

With 65 percent of precincts reporting, the Question 4 vote was 53 percent in favor and 47 percent opposed.

The landmark change will be managed by a new three-member Cannabis Control Commission, to be appointed by state Treasurer Deb Goldberg. A 15-member advisory board appointed by Gov. Charlie Baker will make recommendations about the best ways to regulate legal marijuana.

Tue
08
Nov

Where Legal Weed Will Likely Win Today — and Where It Probably Won't

The results of today's marijuana legalization ballot initiatives will set the stage for the next four years of American drug policy. If California and a number of other states legalize the recreational use of the drug, many observers, including President Obama, say that a strict federal pot prohibition could soon become untenable.

Mon
07
Nov

Why marijuana will be a 'shadow' business for a long time

Never mind Clinton vs. Trump: Millions of Americans can expect to wake up Wednesday and indulge in a soothing palliative to take the edge off the results of a contentious presidential election.

On Tuesday, five states will decide whether to join Colorado, Washington, Oregon, Alaska and Washington, DC, in legalizing marijuana for “adult recreational“ use.

Polling in California, Nevada, Arizona, Massachusetts and Maine shows that, while legalization is slightly favored by voters, the margins are very close.

Taken together, a successful outcome for these ballot measures could add $4.2 billion to legal marijuana retail revenues by 2018, on top of the $6.5 billion projected for the current year, according to Matt Karnes of GreenWave Advisors.

Fri
04
Nov

What happens to Colorado green rush if other states legalize recreational marijuana?

Five other states will vote on legalizing recreational marijuana on Nov. 8 and the impact on Colorado is yet to be seen.

The Colorado green rush is credited with bringing an influx of investment and people to the state. Supporters cite a $2.4 billion economic impact in 2015 but opponents point to concerns about crime and homelessness.

After several incidents downtown this summer, city leaders blamed what they called "urban travelers" -- people drawn to Colorado for legal weed. They even told dispensaries on the 16th Street Mall to avoid selling individual joints.

A homeless man who calls himself "L.A." told Denver 7 he moved here from Louisiana because of marijuana, as he said, "For the best weed ever."

Thu
03
Nov

'An Opportunity to Correct Course': Marijuana on the Ballot 2016

A potential sea change in marijuana legislation is coming, with ballot measures in several states giving voters the opportunity to make it legal for adults.

Arizona, California, Maine, Massachusetts, and Nevada will vote on legalizing recreational marijuana, while ArkansasFloridaMontana, and North Dakota are considering medical marijuana initiatives.

Thu
03
Nov

Report: Marijuana sales to quadruple after election

The marijuana industry could quadruple in size after the 2016 elections, according to a new study released Wednesday.

The Los Angeles-based cannabis firm MedMen projects legal pot sales in the U.S. could increase by $20.5 billion per year after voters in nine states weigh ballot measures that would legalize recreational marijuana.

"The potential of this industry is undeniable," MedMen CEO Adam Bierman said. "The question is how we make sure it is done in a safe, responsible and controlled manner."

The recreational use of marijuana has already been legalized in Colorado, Washington state, Oregon, Alaska, and Washington, D.C., and another 21 states permit medical marijuana.

Thu
03
Nov

Rhode Island hedging its bets as Mass. considers recreational marijuana

Question 4, which would approve the taxing and sale of marijuana — instead of keeping it on the list of illegal drugs — is going before Massachusetts voters next Tuesday. But the results are expected to have an impact in Rhode Island as well.

“I’m taking a slower approach to make sure [that] if we do it, we get it right,” Gov. Gina Raimondo told Eyewitness News on Wednesday. If Massachusetts okays it, she told the Providence Journal this week, “we have to look at it harder and faster.”

Pages

Subscribe to RSS - Massachusetts