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President Trump Approval Promises Substantial Growth for Cannabis Industry

April 20, 2018 at 3:06 pm / Cannabis News, Cannabis Politics, Marijuana Decriminalization, Marijuana Legalization, Recreational Marijuana

DENVER — America’s fast-growing marijuana industry appears poised for supercharged growth after winning what cannabis entrepreneurs see as approval from the Trump administration to forge ahead. The legal marijuana market was already growing exponentially despite fears of a federal crackdown under Trump and Attorney General Jeff Sessions, but Trump’s signal that he’ll respect state legalization may swing open the floodgates by reassuring traditional investors, entrepreneurs and local lawmakers that it’s OK to jump in. Across the nation, risk-takers have poured [...]

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The History of 420

April 20, 2018 at 9:15 am / Cannabis News, Marijuana Decriminalization, Marijuana Legalization, Medical Marijuana, Recreational Marijuana

In 1971, somewhere around harvest time in California, a group of San Rafael High School students, known as “the Waldos” because they liked to congregate outside class against the wall, inherited a map. It allegedly led to a crop of abandoned cannabis plants near the Point Reyes Peninsula Coast Guard station, just up the coast from San Francisco. The friends planned to meet after school at 4:20 p.m. to see if the map was real. For weeks, the Waldos gathered [...]

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11-Year-Old Texas Girl Suing U.S. Govt to Legalize Medical Cannabis

August 8, 2017 at 4:56 am / Cannabis News, Cannabis Politics, Marijuana Decriminalization, Marijuana Legalization, Medical Marijuana

DALLAS – An 11-year-old North Texas girl who had to flee to Colorado for medical cannabis is now suing U.S. Attorney General Jeff Sessions, the U.S. Department of Justice, and the Drug Enforcement Administration to legalize medical cannabis. “I just want kids like me to be able to do what number kids are able to do,” said Alexis Bortell, 11, in a Skype interview with WFAA from her new home in Colorado. Alexis lived in Rowlett until two years ago. [...]

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Nevada Almost Out of Weed, Gov Endorses ‘Statement of Emergency’

July 11, 2017 at 12:13 am / Cannabis News, Cannabis Politics, Marijuana Decriminalization, Marijuana Legalization, Medical Marijuana, Recreational Marijuana

Less than two weeks after sales of recreational marijuana kicked off in Nevada, stores are running out of pot to sell, according to the state’s Department of Taxation. On Friday, Gov. Brian Sandoval endorsed the department’s call for a “statement of emergency,” which would allow for more licensed distributors, the Reno Gazette-Journal reported. Nearly 50 dispensaries in the state have licenses to sell marijuana for recreational use. Those sales got underway on July 1. But those same retailers do not [...]

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Cannabis Industry Could Reach Over $60 Billion in 7 Years

June 23, 2017 at 3:27 pm / Cannabis News, Cannabis Politics, Marijuana Decriminalization, Marijuana Legalization, Medical Marijuana, Recreational Marijuana

It appears the booming legal marijuana market has no intention of hitting the breaks. According to a recent market research study from Ameri Research Inc., the global market will surge from $14.3 billion in 2016 to an estimated $63.5 billion by 2024. Fueled by what the report identifies as an increase in legalization across North America and Europe, as well as an increase in demand in cannabis for both medicinal and recreational purposes, the global market is projected to grow [...]

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How Analytics is Changing the Cannabis Industry

June 15, 2017 at 3:38 pm / Cannabis News, Cannabis Politics, Marijuana Decriminalization, Marijuana Legalization, Medical Marijuana, Recreational Marijuana

Getting a Rocky Mountain high may soon be legal in all 50 states, which means pot is fast on its way to becoming just another industry, albeit an exploding one. And as the marijuana industry comes aboveground, it’s opening a huge space for the usual disruptors — tech startups and data analytics firms. Startups like WeedFinder in California began with medical marijuana, using technology to provide on-demand marijuana deliveries via an app. Headset.io provides data to help retailers deep analytics [...]

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Dallas Texas Passes Cite-and-Release for Marijuana Possession

April 14, 2017 at 10:32 am / Cannabis News, Cannabis Politics, Marijuana Decriminalization

The Dallas City Council on Wednesday approved a “cite-and-release” program to ticket people who have fewer than 4 ounces of pot and who are not alleged to have committed any other crime. The policy will take effect Oct. 1. The 10-5 vote was a reversal for the council. Last year, the same group of members rejected the policy by a 10-5 vote, partially on the recommendation of then-Police Chief David Brown. Police commanders backed off this time, although the Dallas [...]

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Trump Admin Threatens Crackdown on Recreational Marijuana

February 24, 2017 at 8:21 am / Cannabis News, Cannabis Politics, Marijuana Decriminalization, Marijuana Legalization, Recreational Marijuana

White House press secretary Sean Spicer on Thursday suggested the Trump administration will step up enforcement of federal laws against recreational marijuana. “I do believe that you’ll see greater enforcement,” Spicer said, while adding the exact policy is “a question for the Department of Justice.” It’s the latest sign President Trump is poised to take a tougher approach than the Obama Justice Department did in states that have legalized the use of recreational marijuana. Attorney General Jeff Sessions was coy [...]

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Texas State Rep Submits Bill to Decriminalize Marijuana

February 23, 2017 at 10:50 am / Cannabis News, Cannabis Politics, Marijuana Decriminalization, Recreational Marijuana

Thursday morning, Texas state Representative Joe Moody, surrounded by police officers and a retired judge, took a lectern at the Texas Capitol to argue for something he’s pushed hard for over the last two legislative sessions — the decriminalization of marijuana possession. “This discussion about marijuana policy in Texas has come a very long way in the last couple of years,” Moody said Thursday. “I think that our constituents and the people we represent want to see a reform in our [...]

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