Post Tagged with: "washington"

Ohio’s Vote Could Add New State To Booming Marijuana Industry

Ohio’s Vote Could Add New State To Booming Marijuana Industry

If voters approve the amendment to the state constitution, Ohio would become the fifth state to legalize cannabis for adult use. Consumers 21 and up would have the right to possess up to an ounce of the plant, and growers could soon be required to get a license allowing them four plants and eight ounces. Adult-use cannabis is currently available […]

August 24, 2015 · 0 comments · Investing
Washington Moves Closer In Tax Restructuring For Medical Pot

Washington Moves Closer In Tax Restructuring For Medical Pot

The bill also would require the state to share tax revenue with local jurisdictions that allow marijuana businesses, and it would revamp zoning requirements to make it easier for cultivation sites and retail outlets to open, according to the Associated Press. The move could lower the final cost of cannabis to consumers, which would help bolster sales. Under the current […]

July 1, 2015 · 0 comments · Investing
In Washington, Recreational Pot Revenues Soar To $25M

In Washington, Recreational Pot Revenues Soar To $25M

From July 1 through the first week of May, total retail sales in Washington State totaled $119.7 million, with projected retail excise tax revenues of $29.9 million. Gov. Jay Inslee last month signed a bill rolling the state’s troubled medical marijuana industry into its heavily regulated recreational program, though it’s still unclear how that will affect retail sales in coming […]

May 13, 2015 · 0 comments · Investing
Trials For Medical Marijuana In Washington Will Start

Trials For Medical Marijuana In Washington Will Start

The 12-member federal jury is deciding the fate of three members of a group known as the “Kettle Falls Five,” who in 2012 were caught growing marijuana on property belonging to Larry Harvey and his wife. A grand jury indicted Harvey and his wife, their son, daughter-in-law and a family friend, charging them with illegally growing and distributing marijuana in […]

March 11, 2015 · 0 comments · Investing
Can Medical Marijuana Bill Affect Washington

Can Medical Marijuana Bill Affect Washington

        A bipartisan trio of U.S. senators on Tuesday introduced the CARERS Act, a bill that overhauls how the federal government treats marijuana. Sens. Kirsten Gillibrand (D-N.Y.), Rand Paul (R-Kentucky) and Cory Booker (D-New Jersey) outlined the bill in a press conference. To read more, visit http://www.seattletimes.com/seattle-news/marijuana/how-federal-medical-marijuana-bill-would-affect-washington/

March 11, 2015 · 0 comments · Investing
Marijuana Growers In Washington Charged

Marijuana Growers In Washington Charged

The three remaining defendants of the so-called Kettle Falls Five were all found guilty of growing marijuana. But a jury found them not guilty of distributing marijuana, conspiracy to distribute and firearms charges that carried long prison sentences. U.S. District Court Judge Thomas Rice set sentencing for June 10. The defendants were Rhonda Firestack-Harvey, her son Rolland Gregg and his […]

March 5, 2015 · 0 comments · Investing
Marijuana Growers Charged With Trafficking On Areas Where Pot Is Legal

Marijuana Growers Charged With Trafficking On Areas Where Pot Is Legal

In Washington, marijuana is already legal. But, five people were facing charges on drug trafficking.  These five people belong to the group they call Kettle Falls 5.  They will be on trial for growing 68 plants in rural eastern Washington. The trial is set for July 28. So, why are they facing prosecution in a state where pot is already […]

March 2, 2015 · 0 comments · Investing
Legal Medical Marijuana May Be Possible In Many Other States

Legal Medical Marijuana May Be Possible In Many Other States

“What we are seeing now is, governors who were once pretty hesitant about considering medical marijuana are now realizing that it isn’t the political liability they thought it was, even a year ago,” says John Hudak of the Brookings Institution. That’s a nonpartisan think tank based in Washington, D.C. Bills introduced in 10 states aim to permit some form of […]

February 17, 2015 · 0 comments · Investing
New Washington Mayor Says Washington May Sue Congress Over Legalization Of Pot

New Washington Mayor Says Washington May Sue Congress Over Legalization Of Pot

Murial Bowser, Washington D.C.’s new mayor, in an interview with NBC’s “Meet the Press,” came out in support of D.C.’s recreational cannabis law, saying the city will “explore every option” to get the law enforced. One of those options includes suing Congress for blocking implementation of a law that passed by almost a 2-to-1 margin. Although Congress didn’t overturn the law […]

January 6, 2015 · 0 comments · Investing
War Has Ended Between Washington And Medical Marijuana

War Has Ended Between Washington And Medical Marijuana

Washington is waving a white flag in the medical marijuana wars. In a serious shift in drug policy, a bipartisan Congress has virtually ended the raids and legal crackdowns on cannabis clinics that dispensed therapeutic pot in California and elsewhere. But it ends a decades-long uncertainty over whether federal rules would trump state law when it came to handling medical […]

January 2, 2015 · 0 comments · Investing