-
The Marijuana Industry could be Bigger than the NFL by 2020
October 27th, 2014 – A report out from Greenwave Advisors, a “comprehensive research and financial analysis for the emerging legalized marijuana industry,” projects that legal cannabis could be an industry with revenues of $35 billion by 2020 if marijuana is legalized at the federal level. They note that this is a floor representing revenues in…
-
Is medical marijuana the next boom industry? (Video)
May 30th, 2011 – Could medical marijuana be America’s next boom industry? It does seem possible, thanks to the Obama administration’s policy of not prosecuting properly licensed caregivers. But in order for it to shift into high-gear, it would need to be rescheduled by the Drug Enforcement Administration, opening the doors to big pharmaceutical companies…
-
Medical Marijuana Industry Rapidly Grows Mainstream
WASHINGTON — The medical marijuana industry is beginning to show its age. After humble California beginnings in 1996, 15 states and the District of Columbia now have legalized marijuana use for ill patients who have a doctor’s recommendation. Medical marijuana has been found to help with chronic pain, nausea and other symptoms of diseases including…
-
California Tax Officials put the Squeeze on Medical Marijuana Industry
SACRAMENTO, Calif SACRAMENTO, Calif. – As one of California’s pioneering marijuana dispensaries, the Berkeley Patients Group served thousands of medical marijuana users and handled tens of millions of dollars in pot transactions a year. But until 2007, the dispensary didn’t charge customers sales taxes nor did it pay them to the state, contending that marijuana…
-
The Economics of Marijuana
February 18, 2011 – An advertisement for Oaksterdam University reads “Cannabis Industry Now Hiring,” along with claims to a salary between $50,000 and $100,000 dollars. To the average American, such an ad would surely be deemed a joke — but in Oaksterdam, a district in downtown Oakland lined with medical marijuana dispensaries, training centers, head…
-
Medical Marijuana to be Taxed in Arizona
January 27, 2011 – Arizona soon will be taxing a new product — medical marijuana. The tax on medical marijuana will be the same as taxing any other product in the state, whether it be candy or furniture. That’s a 6.6 percent state tax and between 2 percent and 3 percent for cities, said Anthony…
-
Grassroots Activists Head to the Nation’s Capital to End Prohibition of Hemp and Cannabis
On April 20th, 2011 the “Overgrow the Government” movement is staging a rally in Washington D.C. to demand an end to cannabis prohibition. As of this writing the Facebook page for the rally has over 1,100 people signed up to attend and another 1,000 “maybe attending.” They are looking for one million people to come…
-
Medical-marijuana Sales Tax Nets $2.2 million for Colorado this Year
November 23, 2010 – Medical-marijuana dispensaries are now putting hundreds of thousands of dollars a month into state and city treasuries in Colorado. So far this year, the state has collected more than $2.2 million in sales tax from dispensaries. In Denver, which has more dispensaries than any other city in Colorado, the businesses have…
-
Prop. 19 Backers Plan New Marijuana Legalization Effort
November 4, 2010 – Supporters of legalizing marijuana in California spent the day after the election laying the groundwork to rebound from their 54%-to-46% defeat and return to the ballot in two years. “We have a debate that was just heard around the world, and the conversation has only just begun,” said Dale Sky Jones,…
-
Marijuana Legalization: Not If, But When
November 3, 2010 – California’s marijuana legalization initiative, Proposition 19, didn’t win a majority of votes yesterday but it already represents an extraordinary victory for the broader movement to legalize marijuana. What’s most important is the way its mere presence on the ballot, combined with a well run campaign, has transformed public dialogue about marijuana…