November, 2013

Marijuana Vote in Colorado Weighs 25% Tax in Recreation

Bloomberg – Just two months before Colorado retailers begin selling marijuana for the first time in the U.S., voters will weigh in today on a 25 percent tax to help fund enforcement efforts intended to forestall federal intervention. As the drug emerges from prohibition in Colorado, state officials and even existing medical marijuana dispensary owners say taxes are necessary to ensure there’s money to cope with uncertainties likely to crop up in a new industry being watched worldwide.

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Marijuana Market Poised To Grow Faster Than Smartphones

Huffington Post – Legal marijuana is among the fastest-growing markets in the United States, and it’s growing at a rate poised to outpace the expansion of the global smartphone market, according to a new report obtained exclusively by The Huffington Post. Researchers surveyed hundreds of medical cannabis retailers, processors, dispensary owners and industry leaders over the course of six months this year, and estimated that more than $1.43 billion worth of legal marijuana will be sold in 2013. The report also predicts that figure to grow by 64 percent, to $2.34 billion next year. By comparison, recent figures show the smartphone market expanded by 46 percent from 2012 to 2013.

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Election 2013: Marijuana advocates predict success for ‘legalization’ proposals in 3 Michigan cities

M Live – Voters in three separate Michigan communities will decide Tuesday whether local police should arrest recreational marijuana users. Ballot proposals in Lansing, Jackson and Ferndale would legalize the use or possession of up to an ounce of marijuana on private property by anyone 21 years or older. Organizers are predicting success in all three cities and hope ballot box victories will spur state lawmakers to act on bipartisan legislation that would decriminalize marijuana in Michigan, where small-time possession remains illegal under state law.

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Nov. 13 – Washington State Public Hearing on Medical Cannabis Recommendations

On November 13, the Washington state Liquor Control Board will hold a hearing to take public testimony on proposed changes to the state’s medical marijuana system. The Board will take written testimony at medicalmarijuana@liq.wa.gov. The Board will present  final recommendations to the Legislature by Jan. 1, 2014.

WHERE: Worthington Center at Saint Martin’s University , 5300 Pacific Ave., Lacey, WA 98503.

Medical marijuana hearing scheduled for Nov. 13

The Seattle Times – The Washington state Liquor Control Board announced  it will hold a hearing on Nov. 13 to take public testimony on proposed changes to the state’s medical marijuana system. The hearing is scheduled for the Worthington Center at Saint Martin’s University , 5300 Pacific Ave., Lacey, WA 98503. The draft recommendations on which the Board will take comment cover  eight categories that include possession amounts, medical marijuana authorizing requirements, taxation and other topics. The Board will present  final recommendations to the Legislature by Jan. 1, 2014. It continues to take written testimony at medicalmarijuana@liq.wa.gov.

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