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February 28, 2017 administrator

Press Secretary Sean Spicer threw cannabis advocates for a loop over his suggestion that the Justice Department is not on board with adult-use cannabis in the same way that it accepts, somewhat, the therapeutic uses of the plant for some ailments.

“There’s a big difference between (medical marijuana) and recreational marijuana, and I think when you see something like the opioid addiction crisis blossoming in so many states around this country, the last thing we should be doing is encouraging people,” Spicer said in the press room late February. “There is still a federal law that we need to abide by regarding recreational marijuana and other drugs of that nature,” Spicer continues.


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January 23, 2017 administrator

It’s been a promising start for the newly legal states that joined pot pioneers in Colorado, Oregon, DC, Washington, and Alaska by passing measures to legalize marijuana in November. Last year, Colorado’s cannabis industry brought in more than $270 million in the first quarter of 2016 alone. We exceeded preliminary estimates, and so did Washington. Now it’s California, Maine, Massachusetts, Arizona and Nevada’s time to shine. As of November, those are the next five states to open up the doors of a recreational marijuana market.

 

A new analysis from the Tax Foundation found nationwide legalization of marijuana could generate up to $28 billion in tax revenues (federal, state, and local). According to the report, that is:

  • $7 billion in federal revenue
  • $5.5 billion from business taxes
  • $1.5 billion from income, plus payroll taxes

 

To break that down further, here’s look at the potential prosperity dispensaries can help unlock in each state.

 

Arizona

Arizona’s Proposition 205 is a welcome accompaniment to the approved medical marijuana bill passed back in 1996. The 15 percent tax on retail sales, business licensing and state and local taxes will bolster the current tax revenue up to $82 million per year by 2020. That amount will go 50-50 to local jurisdictions for their education and public health programs.

 

California

California first approved medical marijuana in 1996 but rejected recreational twice, once in 1972 and again in 2010. The newly successful Proposition 64 ushers the state into the recreational market with an imposed 15 percent tax on retail marijuana sales. They will also tax at the processing and cultivation level, to the tune of  $9.25 per ounce on flowers and $2.75 for every ounce. Then comes the state and local sales taxes. The Tax Foundation estimates tax revenues in California will reach $646 million or more, and California has some impressive plans for all that money. The first $25 million raised will go to health and law enforcement related to cannabis legalization, and youth drug education and treatment. A further 40 percent of future revenue will be evenly split between environmental programs, and programs to reduce the incidents of driving under the influence.

 

Maine

Maine Question 1 was passed in November to expand on the medical marijuana bill passed in 1999. With an imposed 10 percent tax on retail sales, the state is estimating $10.7 million per year in tax revenues. Of that, 98 percent will enter a state general fund, with the remaining 2 percent going to local governments.

 

Massachusetts

Massachusetts Question 4 to expand the medical marijuana program that was opened up in 2012. Question 4 proposes a 3.75 percent tax on all cannabis retail sales, plus a state sales tax of 6.25 percent. What will they do with the $50 million per year that those taxes will bring? Some of it will go toward regulating their new market, and the rest will enter a state general fund.

 

Nevada

Nevada passed Question 2 in November after rejecting a medical marijuana bill in 2000 and another recreational bill in 2002. The bill proposed a 15 percent tax on wholesale marijuana sales, plus licensing fees, and retail-level state and local sales taxes. The expected revenue from this could be $48 million per year or more, conservatively speaking. Nevada plans to pour that revenue into administration, regulation, and some education funds.

 

To compare with the states mentioned, Colorado collected $63 million in tax revenue, plus $13 million in licenses and fees during 2014, the pilot year for totally legal adult cannabis use in the state. For more information on how Colorado spends it’s cannabis tax revenue, the Cannabist—a subsidiary of The Denver Post—wrote this piece that breaks the spending down.



December 29, 2016 administrator

Increase in Colorado Tax Receipts

After nearly three full years of being one of America’s first states to allow open recreational marijuana production and sales, no one can doubt that this “experiment” in state law superseding federal law has been a success in terms of generating sustainable revenue from a product that previously produced no revenue at all for the state.

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October 5, 2016 administrator

Top 10 Cannabis Strains of 2016

Denver/Aurora, Colorado

Intense competition in the rapidly growing cannabis industry has resulted in there being several new strains for cannabis connoisseurs to choose from each year. There are also many growers and other professionals in the industry who strive to continuously improve the quality of plants that they harvest and this too contributes to the wide number of strains available.

New strains are usually bred to be more potent and more memorable than their predecessors. With so many options to choose from it can be a daunting task to select one as been the best overall but here we have complied a list if the Top 10 best cannabis strains for 2016 so that you can seek out and experience the best of the best.

 

Bar Graph showing all top 10 cannabis strains for 2016 with their respective THC content.
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Bar graph comparing all top 10 cannabis strains for 2016 with their respective CBD content.

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January 20, 2016 administrator

From Yahoo Travel: https://goo.gl/ImCCi3

“Down the block from Nativ hotel, business is brisk at Euflora. Designed for Colorado’s growing marijuana tourist trade, Euflora opened in April 2014 and is run by Jamie Perino and Pepe Brenton. It is the hippest and most high-tech of the Denver dispensaries, with an open floor plan, very much like an Apple store. Little jars of buds sit on long tables next to small digital screens, displaying all the information about that particular plant or product, the name of the strain, the THC content, and how much you can legally buy.



October 28, 2015 administrator0

Meet the women running ‘Shark Tank’ for pot entrepreneurs

source: http://fortune.com/2015/10/26/shark-tank-pot-entrepreneurs/

The creators of The Marijuana Show talk about the latest trends in the pot business.

A ten-year-old CEO pitches his “Paw Puddy” dog bones to perk up your ailing pup. A man drives cross country in his car made of hemp. A hyrdroponic farmer explains how to grow cannabis—or tomatoes—with only 3% of the water normally required. These are some of the contestants you’ll see on the second season of The Marijuana Show, a reality show its creators call “Shark Tank for Gangapreneurs.”

You’d think The Marijuana Show would be about escapism, but show creators and producers Karen J. Paull and Wendy Robbins claim gangapreneurs are the hardest working people they’ve met. And they should know. Robbins made millions as co-inventor of “The Tingler” head massager, co-starred with Kelly Ripa as a business coach on Homemade Millionaire, and wrote Why Marry a Millionaire? Just Be One! Paull is CEO of Sales Guru, LLC, and former VP of sales at Snapfish, where she increased sales by 300% in the run-up to the company’s $300-million acquisition by HP.



September 4, 2015 administrator

Grow houses account for 1% of total energy revenue.

DENVER – It’s a growing downside to what is otherwise an economic high for Colorado.

Marijuana cultivation warehouses now account for one percent of Xcel’s total electric revenues in the state.

While the pot industry is booming, its chronic energy use is causing an entirely separate social issue: a carbon footprint many believe is way too big.

“We still don’t know what will be the best practices to even develop some type of regulatory fix,” said Ashley Kilroy, executive director of marijuana policy for the City of Denver.

“I think you’re going to start seeing penalties,” said Jamie Perino, owner of Euflora recreational and medicinal marijuana shops.

Boulder County has already started assessing penalties on grow operations in the form of a tax on kilowatt hours used.

That’s one of the reasons Euflora marijuana shops worked for two years to launch a new state-of-the-art greenhouse.

“Our lights are hardly ever on,” said Perino. “This greenhouse utilizes mother nature, fans and humidity control to grow plants.”

Perino explains the difference between a greenhouse and a warehouse.


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