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Medical Marijuana Dispensaries Turn to Charity to Improve Image

April 25, 2013 at 10:06 am / Cannabis Events, Cannabis News, Cannabis Politics, Marijuana Legalization, Medical Marijuana

Recreational weed may be a reality in Colorado in the wake of Amendment 64, but its older brother, the medical-marijuana industry, continues to face financial and public-relations hurdles in winning acceptance from the wider business community. Few know that better than the owners of Colorado’s 675 medical-marijuana dispensaries, many of which have met heated opposition when trying to become established in neighborhoods across the state. “A couple of years ago, there was nothing in place to normalize the industry and keep [...]

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The Pot Business Suffers Growing Pains

April 24, 2013 at 8:15 pm / Cannabis Events, Cannabis News, Cannabis Politics, Marijuana Legalization, Medical Marijuana

Like any farmer, Elliott Klug understands the highs and lows of living off the land. But his crop requires a rigorous effort. To keep output going, it is harvested every week. It is also grown only indoors. And though you won’t find this tip in the Farmer’s Almanac, his workers believe that blaring Grateful Dead songs boosts productivity. “We were the bad guys,” says Mr. Klug, chief executive of Pink House Blooms, a 70-person operation that produces and sells marijuana [...]

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Colorado Legislature Unveils Marijuana Regulation Bills

April 24, 2013 at 3:30 pm / Cannabis Events, Cannabis News, Cannabis Politics, Marijuana Legalization, Medical Marijuana

Lawmakers late Thursday introduced a long-awaited bill of proposed regulations for recreational marijuana, moving Colorado one step closer to a legal pot marketplace. The 57-page bill contains the most contentious ideas endorsed by a special legislative committee for how recreational marijuana businesses should operate and be structured. A second bill, also introduced late Thursday, lays out a proposed tax structure for marijuana that voters would be asked to approve. Lawmakers are also expected to introduce a third bill, containing non-controversial [...]

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2013 US Cannabis Cup Recap [PHOTOS]

April 23, 2013 at 4:52 pm / Cannabis Events, Cannabis News, Cannabis Politics, Cannabis Reviews, Marijuana Legalization, Medical Marijuana

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Why It’s So Hard For Scientists To Study Medical Marijuana

April 19, 2013 at 8:30 pm / Cannabis Events, Cannabis News, Cannabis Politics, Cannabis Reviews, Marijuana Legalization, Medical Marijuana

Eighteen states (plus the District of Columbia) allow cannabis use for certain medical conditions. Despite that, scientists have a harder time doing research on the potential medical benefits of marijuana than they do on “harder” drugs like ecstasy or magic mushrooms. The public may think of pot use as no big deal, but federal laws make it difficult for researchers to obtain legal supplies. Clinical researchers can get permission from the DEA to grow or create restricted compounds like LSD, MDMA or [...]

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Illinois House passes medical marijuana bill

April 17, 2013 at 3:24 pm / Cannabis Events, Cannabis News, Cannabis Politics, Cannabis Reviews, Marijuana Legalization, Medical Marijuana

The Illinois House today approved a measure to let people use marijuana for medical purposes, giving the proposal its best chance of becoming law in recent years. The House sent the bill to the Senate on a 61-57 vote. The Senate previously has passed similar legislation. Proponents say the legislation, which would set up a four-year pilot program, would be the most restrictive in the nation. Seventeen states and the District of Columbia have approved some form of marijuana use [...]

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As marijuana goes legit, investors rush in

April 9, 2013 at 8:29 pm / Cannabis Events, Cannabis News, Cannabis Politics, Marijuana Legalization, Medical Marijuana

Brendan Kennedy and Michael Blue are nice boys. Really. They’re bankers. Yale MBA classmates. Wearers of ties. And, if luck and changing laws cooperate, they’ll be drug barons of a certain kind. Kennedy, 40, and Blue, 34, are in the vanguard springing up to seize the market for legal marijuana, which is accelerating with last fall’s legalization of most personal pot consumption in Colorado and Washington state. They’re running a Seattle private-equity fund, Privateer Holdings, designed to buy up the [...]

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Colorado marijuana tourism company launches after pot legalization

April 9, 2013 at 3:00 pm / Cannabis Events, Cannabis News, Cannabis Politics, Marijuana Legalization, Medical Marijuana

Welcome to canna-ful Colorado. Two Denver entrepreneurs with ties to the medical-marijuana industry have started the nation’s first marijuana tourism company. For several hundred bucks — prices vary betweenVIP and economy levels— My 420 Tours will pick visitors up at the airport, connect them to a pot-friendly hotel, set up hash-making demonstrations and dispensary-grow tours, and provide them with tickets to cannabis-themed events and concerts. The company’s first package is built around April 20, a date cannabis enthusiasts regard as [...]

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Marijuana Could Create Millions in Taxes for Colorado and Washington

March 29, 2013 at 5:48 pm / Cannabis News, Cannabis Politics, Marijuana Legalization, Medical Marijuana

Via Cheryl K. Chumley for The Washington Times Tax gurus are predicting Colorado and Washington could see big bucks — millions, or even billions — from revenues collected via their recently approved recreational marijuana laws. And other states are starting to take a second look at the potential. “I’ve seen some estimates in the high tens of millions, as much as $100 million for [Colorado],” said Colorado Democrat Rep. Jared Polis, in a Politico report. Mr. Polis would like to [...]

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