CANNABIS CULTURE- Last week, United States Senator Cory Booker (D-NJ) introduced legislation to federally regulate the $6.7 billion US cannabis industry. In the bill, Booker details the combined injustice forcing the industry to operate in cash and making producers vulnerable to both criminal prosecution and tax rates as high as 70 percent.
Washington launched its second-in-the-nation legal marijuana market with just a handful of stores selling high-priced pot to long lines of customers.
Supply is outstripping demand in the unlikeliest place—legal recreational marijuana in the state of Washington. Growers who jumped into the new legal market hoping to make a killing in cannabis are now getting killed by a glut of product.
A Colorado measure to impose sales and excise taxes of 25 percent on newly legalized recreational marijuana and earmark the first $40 million in revenue for public schools was approved by voters on Tuesday, Governor John Hickenlooper said.
A new medical marijuana farmers market opened in Seattle on Sunday.
The Colorado legislature Wednesday approved a pair of bills that will establish a regulated marijuana market for adults. The legislature was charged with doing so when voters approved the marijuana legalization Amendment 64 last November.
Medical marijuana would be legal – and taxed – under a proposal today from state lawmakers who say New York should join with the 18 other states that have approved pot for seriously ill patients.
Colorado's Marijuana Task Force issued its final recommendations for how the state ought to implement Amendment 64, though the actual regulations will be made by state lawmakers.
A House committee held a public hearing Monday on a measure to tax medical marijuana dispensaries, an effort to undermine any black market when sale of state-taxed recreational marijuana starts at the end of this year.