Washington

Mon
26
Feb

Jeff Sessions brings the war on marijuana to Washington, DC

Few industries have grown with the speed and consistency of legal marijuana in recent years. Depending on the source, the legal cannabis industry is growing at between 23% and 35% annually, with North American sales estimated to push well past $20 billion a year by 2021. With numbers this large, it's no wonder why investors have piled into pot stocks and pushed their valuations considerably higher.

Support for cannabis has also shifted dramatically in what could be considered a relatively short time period. Gallup, which has polled Americans on their perception of weed since 1969, found this past October that 64% of respondents supported the national legalization of pot.

Fri
23
Feb

New Zealand's Hikurangi Cannabis signs $160mn, multi-tonne deal to supply USA's Rhizo Sciences

Hikurangi Cannabis signs $160mn, multi-tonne deal to supply USA’s Rhizo Sciences

New Zealand pharmaceutical cannabis firm Hikurangi Cannabis has agreed to produce and export tonnes of medical cannabis to American company Rhizo Sciences.

Based in Ruatoria, Hikurangi will produce three tonnes next year, rising to 12 tonnes a year by 2021. Currently, it has a crop of around 5,000 plants.

Rhizo Sciences works with licensed processors and investors to develop large scale production and export facilities to supply the growing demand for medical cannabis.

Wed
14
Feb

Trump should be blocked from overruling state marijuana laws, NJ senators say

A bipartisan group of 16 U.S. senators, including Cory Booker and Robert Menendez, want the full-year spending bill now being drafted to prevent the Trump administration from enforcing federal marijuana laws in states that have legalized the drug.

Tue
13
Feb

Seattle to dismiss old Marijuana charges following California's lead

The mayor of Seattle has just announced that city officials are starting work on legislation that would vacate or dismiss charges for misdemeanor marijuana possession.

Mayor Durkan wrote in an editorial: “People’s lives were ruined for misdemeanor marijuana offenses.

Too many here in our community faced huge legal bills and fines, or had a harder time getting loans, apartments, and good-paying jobs.”

Mon
12
Feb

Washington State and Vermont are working to dismiss low-level Cannabis misdemeanors

Seattle has directed its courts to clear convictions dating back to 1997, while Vermont is considering fast-tracking expungements for offenders throughout the state.

As cannabis legalization spreads across the country, local governments are working to right some of the wrongs of prohibition by retroactively dismissing low-level cannabis offenses.

Fri
09
Feb

Washington city’s first weed dispensary forced to close

In Tacoma, Washington, a weed dispensary forced to close for failing to pay back taxes has historical meaning for the local cannabis scene. Rainier on Pine was Tacoma’s first fully operational legal weed store.

But the dispensary lost its license yesterday. As a result, Tacoma’s first-ever weed dispensary has now been shut down.

Unpaid Taxes

According to local media, the Washington State Liquor and Cannabis Board (LCB) revoked the dispensary’s license yesterday at noon. The move was the conclusion of an ongoing tax drama.

Fri
09
Feb

Seattle is looking to drop old Marijuana convictions

Six years after marijuana became legal in Washington state, the city of Seattle will finally move to dismiss misdemeanor marijuana-possession convictions previously prosecuted by the city.

Fri
09
Feb

Washington marijuana traceability system dogged with problems was hacked, state says

The state’s new pot-tracking system was hacked last weekend, and an “intruder” stole route information associated with four days of marijuana deliveries, as well as other information.

“It was a breach of the system and indications show they downloaded a copy of the traceability database,” said Brian Smith, a spokesman for the Liquor and Cannabis Board (LCB). “It did something in the system — I’m not at liberty to talk about — that affected the transfer and manifest data — that was, in part, responsible for the issues this week.”

Thu
08
Feb

When does too much cash become a health risk? When you own a marijuana shop

Stung by robberies in California, Colorado, Washington and other states, the cannabis industry is pressing Congress to change federal banking laws so that its retailers no longer have to carry and process large amounts of cash.

Yet lacking the lobbying muscle of their adversaries, the industry hasn’t gained much traction on Capitol Hill, leaving cannabis business owners and their employees vulnerable to thefts and violent crime.

GOP lawmakers from pot-unfriendly states have sidelined legislation in the House and Senate that would allow marijuana businesses to conduct transactions with federally regulated banks. These also include state and community owned banks that are part of the Federal Reserve System.

Tue
06
Feb

A powerful Republican Senator hints that Congress may discuss nationwide marijuana legalization this year

Sen. Thom Tillis, a powerful Republican from North Carolina, suggested in a letter shared with Business Insider that the Senate Judiciary Committee is "likely" to discuss marijuana legalization this year.

The letter was addressed to Rod Kight, a North Carolina lawyer who works with companies in the cannabis industry. 

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