On the ground in Las Vegas the night marijuana became legal for all adults! This post from Rolling Stone covers Nevada's first night with recreational weed. At first glance, it's hard to decide who's wearing the better outfit: the mustachioed man with the bud-leaf button-up and rhinestone ball cap, or the ponytail guy with the tie-dye shirt featuring a Rastafarian Cookie ... Continue Reading
recreational weed
Recreational Weed Garners $500,000 In Taxes
First days of recreational marijuana sales in Nevada generated about $500,000 in taxes. This post from Las Vegas Sun Newspaper reports the exciting legalization of recreational weed in the state. The first four days of legal recreational marijuana sales generated $3 million in sales revenue and about $500,000 in tax revenue, putting Nevada on pace to achieve an estimated $30 ... Continue Reading
Higher Recreational Weed Tax in The Offing
Start saving up! Massachusetts lawmakers may set recreational weed tax as high as 28%. Medical marijuana would continue to be untaxed though. This post from The Cannabist discusses the Massachusetts proposal. Lawmakers reviewing the state’s new recreational marijuana law plan to recommend sharply higher taxes and more control for city and town officials over retail pot shops ... Continue Reading
Federal Budget Cheers Up the Cannabis Industry
President Trump gives marijuana stocks a reason to celebrate. This post from The Motley Fool covers a short-term victory at the federal level for the cannabis industry. With few exceptions, everything has seemingly gone right for the marijuana industry, and marijuana stocks for that matter, over the past couple of years. The legal marijuana industry is budding before our ... Continue Reading
Colorado’s Marijuana Sales Break Previous Records
The marijuana sales numbers in Colorado continue to build even after 18 months of the January 2014 launch of recreational sales. How long will they keep climbing higher? This post from The 420 Times reports that marijuana sales in Colorado topped $100M in August. Colorado’s pot sales top out at over $100 million for the first time in August since recreational retailing ... Continue Reading