Talk about cloud computing! This post from Vanity Fair highlights how Microsoft will get into the still controversial pot industry, with the launch of a new software for tracking marijuana commerce. Like an aging baby-boomer trying to feel young again, Microsoft is experimenting with marijuana. With a new partnership, the tech giant will become the first corporate behemoth ... Continue Reading
legal marijuana
The Keystone State is 24th to Legalize Medical Marijuana
Pennsylvania is 24th to legalize cannabis use for health reasons, prompting state Republican senator to say: ‘What we’re doing today is the healer.’ This post from Guardian highlights how Pennsylvania takes states allowing medical marijuana to a new high. Pennsylvania on Sunday became the 24th US state to legalize a comprehensive medical marijuana program. The Democratic ... Continue Reading
Oregon Legal Marijuana Sales Rake in $3.48M Tax Revenue in One Month
First month tax revenue from legal marijuana sales in Oregon has far surpassed the estimated figure for the whole year. This post from MIC.com reports that the sale of legal marijuana in Oregon raked in $3.48 million in tax revenue after just one month. After its first month of legal weed sales, Oregon has raked in $3.48 million in tax revenue, a boon for the state ... Continue Reading
Legal Marijuana Making Mexican Cartels’ Profits Tumble
Legal marijuana in the U.S. is hurting the profits of Mexican drug cartels and marijuana growers. This article from The Washington Post highlights how legal marijuana is finally doing what the drug war couldn’t. Legal marijuana may be doing at least one thing that a decades-long drug war couldn't: taking a bite out of Mexican drug cartels' profits. The latest data from ... Continue Reading
Legal Marijuana Businesses Reel Under 70% Fed Taxes
Section 280E of the tax code is making legal marijuana businesses to pay up to 70% in taxes effectively. This post from The Daily Beast highlights how the legit marijuana industry has been crippled by old tax laws. A law passed in the ‘80s to prevent drug dealers from getting tax breaks is now taking a huge chomp out of legitimate outfits in Colorado and ... Continue Reading