Washington

Fri
12
Jan

Ex-DEA agent turned pot venture capitalist: Legalizing marijuana is good for the economy

Legalized marijuana is emerging as a huge growth sector in the U.S. economy, a former Drug Enforcement Administration agent turned venture capitalist told CNBC on Thursday.

"Regulated cannabis works," said Patrick Moen, managing director and general counsel at Seattle-based Privateer Holdings, which specializing in seed money for businesses that "lead, legitimize, and define the future of cannabis."

Explaining how an ex-DEA agent ended up in the pot business, Moen said on "Squawk Alley" in an interview: "We're taking money away from criminal enterprises. We're freeing up law enforcement resources. We're generating tax revenue and we're creating jobs. It's good policy."

Mon
08
Jan

Environmentalists alarmed at marijuana industry's massive use of carbon-based electricity

The nation’s booming marijuana sector is struggling to go green.

Analysts and state regulators say the cannabis industry — including states that have legalized recreational pot and those that offer it only for medicinal purposes — is outpacing many other areas of the economy in energy use, racking up massive electricity bills as more and more Americans light up.

“The basic issue is the lighting intensity inside these grow facilities is much, much higher than anything else. They like these facilities brighter than an operating room,” said Ron Flax, the chief building official in Boulder County, Colorado, who spearheads one of the nation’s leading programs designed to incentivize weed producers to cut their power use.

Mon
08
Jan

Marijuana industry not freaking out over threat of federal crackdown

The marijuana industry and its advocates collectively held their breath this week following the release of new Justice Department guidance that gave federal prosecutors the go-ahead to aggressively pursue state-legal marijuana operations. But just a day after the decision, many experts are cautiously optimistic that their initial fears of a crackdown were overblown.

Mon
08
Jan

Here's why a Marijuana crackdown could spell disaster for republicans

The Trump Administration’s moves against legal marijuana could put the issue at the center of the next two elections.

After Attorney General Jeff Sessions announced Thursday that he would reverse an Obama-era executive decision that effectively allowed states to legalize marijuana, the backlash was swift and strong from voters and lawmakers on both sides of the aisle, especially in swing states like Colorado, where the recreational marijuana industry is booming.

Thu
04
Jan

Attorney General Jeff Sessions to end policy that let legal marijuana flourish

Attorney General Jeff Sessions is rescinding the Obama-era policy that had paved the way for legalized marijuana to flourish in states across the country, two people with knowledge of the decision told The Associated Press. Sessions will instead let federal prosecutors where pot is legal decide how aggressively to enforce federal marijuana law, the people said.

The people familiar with the plan spoke on condition of anonymity because they were not authorized to discuss it before an announcement expected Thursday.

Fri
22
Dec

Pivot Pharma moves to acquire cannabis infusion technology

CFN Media Group ("CannabisFN"), the leading creative agency and media network dedicated to legal cannabis, announces publication of an article covering Pivot Pharmaceuticals Inc. (CSE: PVOT) (CNSX: PVOT) (PVOT.CN) (OTCQB: PVOTF) and why it’s well positioned to capitalize on the growing demand for cannabis-infused products, which has become an area of increasing interest for food and beverage companies.

Cannabis Infused Products

Fri
22
Dec

Breaking down the regulatory differences between west coast cannabis markets

The West Coast is looking mighty green these days. As of Jan. 1, 2018, when California joins the growing list of states with legalized recreational cannabis markets, adults 21 years and older will be able to legally purchase, possess and consume marijuana from the Arctic Circle all the way down to the California-Mexico border.

Altogether, eight states and Washington, D.C., have voted to legalize recreational marijuana since 2012. Six of those states — Alaska, California, Colorado, Oregon, Nevada and Washington — are in the West.

But since legalization has happened at the state level, understanding what is and isn’t allowed in each state can be difficult to figure out.

Fri
15
Dec

Will Medical Marijuana survive the storm of legalization?

Ever since recreational legalization was on the table, many activists and patients have whispered behind the scenes: Rec will be the death knell for medical cannabis.

Before diving in, let's clear the air. There really is no difference — physically, chemically, or otherwise — between a marijuana plant grown for medical use or one grown for recreational/adult use. They're both the same plant. The distinction between the two is largely legal — and economic.

Thu
14
Dec

Will Washington ever legalize marijuana home grows?

Washington state is a West Coast cannabis state. By this, we mean cannabis users have for a number of years in Washington enjoyed expansive rights compared to other states in the U.S., even compared the newly legal eastern states where the plant is often kept under strict lock and key.

But Washington state has one very significant exception to its lax cannabis regulations: no home growing. You can go to a recreational dispensary without a medical-marijuana recommendation and load up. You cannot, however, crack a seed from that bag of mid-grade and start your own grow. Unlike Oregon, California, Colorado, Alaska, and every other state where recreational marijuana is legal, adults in Washington cannot cultivate at home unless they have a medical-marijuana recommendation.

Wed
13
Dec

Legal Marijuana just can't catch a break From Washington

The marijuana industry has taken a couple of hits in Washington this month.

First, an amendment that would have stripped a part of the tax code that places extra financial burden on cannabis businesses was pulled at the last minute from the GOP tax plan approved by the U.S. Senate.

Also, Attorney General Jeff Sessions again made remarks that seemed to threaten a potential federal crackdown on the legal marijuana business any day now, maybe even by the time you read this. The events underscore the fact that even as the marijuana industry continues to grow by leaps and bounds, it still faces challenges.

No tax relief, yet.

Pages

Subscribe to RSS - Washington