Monthly Archives: September 2014

Study Predicts $3B in Taxes for U.S. if Cannibis Nationally Legalized

Taxes have been a primary motive for legislators to consider the legalization of retail marijuana sales. With Colorado collecting $2.5 million in cannabis-related excise taxes during the first two months of sales and $30 million in sales, the apparent economy boost that states like California and Oregon are not too far behind.

The financial site NerdWallet projects that marijuana sales […]

By |September 28th, 2014|Uncategorized|0 Comments|

Recreational Sales Hit $7 Million in Washington for August

In Washington, the numbers indicate that monthly recreational marijuana sales more than doubled to hit nearly $7 million in August vs. $3.2 million in July. (Note: The July number is lower than a previously reported figure of $3.8 million. It also only includes data for part of the month, as sales began July 8). The state collected $2.5 million […]

By |September 11th, 2014|Uncategorized|0 Comments|

I-502 Ban Passes First Test

A judge in Washington State has upheld a municipality’s authority to ban marijuana retailers, though not under federal law.

Judge Ronald Culpepper ruled that the city of Fife can deny retailer licenses to prospective cannabis businesses, but he said that right is given under the state’s recreational marijuana law (Initiative 502).

The case involved a prospective marijuana retailer, Tedd Wetherbee, who […]

By |September 3rd, 2014|Uncategorized|0 Comments|