Recreational Marijuana News

Synonyms: 
lifestyle
recreational
Fri
07
Dec

Marijuana advocates warn against overregulation at Hartford talk

More than a dozen Vermonters who are proponents of a legal marijuana market urged state officials on Thursday to not overregulate a potential industry and keep it true to Vermont’s values.

Their comments came at a public meeting that followed the recent release of three reports by the Governor’s Marijuana Advisory Commission, which examined roadway safety, education and prevention, and taxation and regulation of a legal market.

Fri
07
Dec

Madison brewpub may be first brewer in Wisconsin to infuse beer and cocktails with CBD

The Great Dane in Madison has brewed a pale ale with CBD.

Great Dane brewpubs will launch CBD-infused beer, cocktails and non-alcoholic beverages starting Dec. 13 at all five of the brewpub's locations — in Madison, Fitchburg and Wausau. 

It's likely the first brewer in Wisconsin to add cannabidiol to beer. 

The launch includes a celebration from 4:30 to 6 p.m. that day hosted by The Great Dane Pub & Brewing Co., and its CBD partner, Madison-based GreenRX, at the The Great Dane Pub, 123 E. Doty St., in Madison.

CBD is cannabidiol, which is extracted from the flowers of hemp plants and is considered non-psychoactive. Marijuana, hemp and hops are related agriculture products.

Fri
07
Dec

Oregon marijuana sales soared 29 percent in 2018, so why aren't more entrepreneurs happy?

Let's start with the good news. Recreational marijuana sales in Oregon are far outpacing projections by state economists. In a recent economic report, the state’s Office of Economist Analysis noted the rapid changes in Oregon's marijuana business. They are now revising their tax revenue projections up to $26.8 million for the 2017-2019 period and up to $20.3 million for the 2019-2021 period. They also noted that further upward revisions are anticipated if current trends hold.

However, despite the growth in sales, the cost of marijuana itself has dropped 50 percent. Oregon takes in tax revenue as a percentage of the cost of the product. As prices have dropped, the state is taking in less revenue per item sold.

Fri
07
Dec

New Colorado Legislature could lead to new marijuana legislation

With the year coming to a close, a new Democrat-controlled legislature will soon take over the state. This means a few laws that have struggled in previous sessions could finally get moving.

Many speculate that marijuana legislation will play a big part in the upcoming session, including one idea that was voted down in early 2018: a pilot program to allow certain Colorado cities from testing out a marijuana delivery service.

It failed to pass with a Republican majority senate but now with a Democratic majority and a Governor-elect who is open to expanding the industry that may change.

Fri
07
Dec

Latest NJ cannabis bill advances, prioritizes Jersey City, Newark businesses

The Garden State’s slow slog toward the legalization of recreational marijuana appears to have a final bill set for a vote that heavily addresses social justice issues, and the legislation could have some significant benefits for four of the state’s largest cities.

Fri
07
Dec

As Michigan legalizes marijuana, the race is on with Illinois for 1st commercial sales in Midwest

When Michigan legalized possession of marijuana Thursday, the drug joined craft beers, perfect summers and the Upper Peninsula as tourist attractions for out-of-staters.

But Illinoisans should know that, as of now, there is nowhere they can buy marijuana legally in "Pure Michigan," as the state's tourism ads put it. Until businesses are licensed -- which could take more than a year -- the drug remains illegal to sell to the general public, illegal to consume in public and illegal to take across state lines.

Those contradictions in the law, as well as the conflict with the ongoing federal ban on pot possession, could mean real problems for both residents and visitors, opponents warned.

Fri
07
Dec

What happened in the stock market yesterday

It was a roller-coaster ride for the stock market Thursday, with the Dow Jones Industrial Average (DJINDICES:^DJI) plummeting almost 800 points in the morning before largely recovering. The S&P 500 (SNPINDEX:^GSPC) also had a small loss, but the Nasdaq Composite actually gained 0.42%.

Fri
07
Dec

3 top marijuana stocks to watch in December

Marijuana has been a red-hot subject this year, with many states and even some countries easing restrictions or even outright legalizing the use of the drug. Despite the well-publicized news and hype surrounding those moves, there may still be opportunity to be had in the sector.

Fri
07
Dec

Michigan journalists pass out joints to kick off legalization

Recreational marijuana officially became legal in Michigan today. And to celebrate the occasion, staffers from a Michigan newspaper gave away free joints to lucky passersby.

City Pulse Gives Away Free Weed

Today, members of the Lansing City Pulse gave away free joints. They stood outside Lansing City Hall, which is conveniently located across from the Michigan state Capitol. The giveaway was part of a celebration in honor of Michigan’s legalization of recreational cannabis.

Fri
07
Dec

Michigan celebrates marijuana legalization, regulations still hazy

Debra Young pulled out a handful of lighters from her glittery silver purse and smacked them on the table at Cannabis Counsel on Jefferson, then she and other activists celebrated — a few smoke alarms going off amid a dense fog — the first day of legalized recreational marijuana in Michigan.

“I bought a tray off Amazon of about 50 of them and they’re already disappearing,” said Young, a 61-year-old grower and caregiver from Ferndale. “I knew (the proposal to legalize marijuana) would pass because we’ve been pushing location initiatives for the last decade and when the time came, we had the knowledge, the people and almost had the money. We pulled the trigger and here we are.” 

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