United States

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the states
the US
Tue
20
Sep

Marijuana Missionaries: First Cannabis Church Rolls Into Michigan

There’s no religious dogma in this church, but these marijuana missionaries are intent in on bringing ostracized stoners back into the fold.

Congregants in this church aren’t high on Jesus. In fact, the very name of the church sounds like lyrics from a rock and (ahem) roll song or the backdrop for a classic Cheech and Chong movie.

It’s true that First Cannabis Church of Logic and Reason’s sacrament might be a doobie or marijuana-infused brownie instead of the body and blood of Christ, and its dogma is steeped in giving thanks to the cannabis plant for its healing nature and the sense of well-being it gives users instead of Jesus’ sacrifices for sinners.

Tue
20
Sep

Losing Maryland Medical Marijuana Grower Applicant Sues the State

A company that lost its bid to grow medical marijuana in Maryland has filed a lawsuit alleging that regulators illegally rejected its application in favor of lower-ranked businesses from underrepresented parts of the state.

It’s the first legal challenge to the medical cannabis program, which has been embroiled in various controversies and remains in the early stages of making the drug available to patients more than three years after lawmakers first legalized its medical use.

Tue
20
Sep

Potential Marijuana Tax Revenue in Every State

Four states and the District of Columbia have voted since 2012 to legalize the retail sale of marijuana. One main incentive of legalization is the tax revenue states receive from marijuana sales. The first two states to legalize marijuana — Colorado and Washington — began sales in 2014. After a slow start, tax revenues now exceed expectations in both states.

While the legal structure supporting marijuana sales would be quite different in each U.S. region, other states can begin to better understand the financial impact legalization would have on their states. The Tax Foundation used sales per capita in these two states and the assumption of a 25% effective tax rate to determine the potential tax revenue from marijuana sales in each state.

Mon
19
Sep

'I played NFL games stoned, dude': As many as 80 percent of pro football players use marijuana

  • Eben Britton, a retired offensive lineman, says that marijuana use not only healed his pain but also improved his performance on the field
  • Players and agents say that marijuana use is more prevalent than originally believed
  • The league prohibits its players from using marijuana, though a growing movement is advocating a change in policy
  • There are currently 18 players who have been suspended this season for violating the league's stringent substance abuse policy 
Mon
19
Sep

Marijuana Private Placements: Don't Skimp on Risk Factors

Many of our clients that are raising money ask us to draft or review private placement memorandums (“PPMs“) for private securities offerings in their cannabis companies and/or ancillary cannabis companies. The goal of a PPM is to describe the company raising the money, its management, how much money is being raised, how the money received will be used, and the risks involved in the investment.

Fri
16
Sep

Can 2016 marijuana ballot initiatives ignite a fire under millennial voters?

Millennial and youth voters in America care more than any other generation about the legalization of marijuana, but will that be enough to drive them to the polls for November’s pivotal election?

There are as many as 13 pending ballot initiatives to legalize either adult recreational marijuana use or medical marijuana, with initiatives in nine states having already qualified to be on the ballot in November. Voters in Arkansas, Florida, Montana and Oklahoma will vote to legalize medical marijuana, while Arizona, California, Maine, Massachusetts and Nevada will decide whether to regulate marijuana like alcohol.

The cannabis industry in the U.S. has arguably never faced a more monumental decision on its future and it’s a decision America’s younger generations care about.

Fri
16
Sep

The Bayer-Monsanto Deal Won't Eat the Cannabis Industry. Yet.

The news that Monsanto is being bought by Bayer probably won’t be well received in the cannabis sector. The deal brings together two research powerhouses that, reportedly, have long eyed cannabis as a possible new business. The worry is that the combined firm will have the financial and political influence to do to cannabis what it has already done to corn, tobacco, and other cash crops—namely, use pricy patented cannabis seeds (Roundup Ready Blue Dream, anyone?) that favor large-scale operators and rigidly control how all cannabis farmers farm. The merger, in other words, could be the first step toward Big Cannabis.

Thu
15
Sep

Where does Hillary Clinton stand on marijuana legalization? Here's her record.

Hillary Clinton's husband has a famous history with marijuana. 

During his 1992 run for President, Bill Clinton said he had "experimented" with cannabis but "didn't inhale and never tried it again," he said, in a nod to the "just-say-no" culture of the time. 

That was four years before California would become the first state to legalize medical marijuana and two decades before Colorado and Washington legalized recreational weed. 

This year is very different. More than half of Americans want to see marijuana legalized. Patients in 25 states and the District of Columbia use marijuana for medical use. Four states allow possession and sale of marijuana. Five more may approve recreational use in November. 

Thu
15
Sep

Is the Marijuana Industry a White Industry?

Is the business of cannabis for all of us?

Don't believe the hype. Los Angeles has more dispensaries than the entire state of Colorado. And L.A.'s population is nearly three-fourths minority. So if California fully legalizes marijuana in November under Proposition 64, the city is poised to become America's pot capital again, at least in the eyes of a national media enamored with Denver's nascent weed culture.

But if L.A. is to retake its throne and California, where Latinos comprise the largest racial or ethnic group, is to resume its role as the nation's marijuana darling, where are the culture's minority entrepreneurs?

Thu
15
Sep

Defense Secretary says Pentagon should relax when it comes to hiring marijuana users

At TechCrunch’s Disrupt SF event on Tuesday, U.S. Secretary of Defense Ash Carter said the military should be more flexible about hiring people who’ve previously used marijuana or other federally illegal drugs.

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