THE WEED WITH CHARLO GREENE

25 May

Are You Paying Too Much Tax on Your Weed?

Dear Pot Lawyer,

I pay a lot of tax for this weed I’ve been buying! Are we doing this right?

I think we are, but it’s complicated, and smarter people than me have strong opinions on how it ought to work. These opinions differ on big-picture questions, like who should pay the tax (you, or someone on the supply side), whether we should tax medical marijuana, what the IRS should be doing, and what we hope to accomplish with a pot tax in the first place. But first, let’s talk about your situation.

Oregon has decided that you and your friends should pay the pot tax, rather than someone further up the supply chain. Today, you pay a 20 percent impost on flower, edibles, concentrates, and everything else. The first 17 percent goes to the state, and a 3 percent kicker goes to the local jurisdiction. That kicker could jump to 8 percent soon, if House Bill 2204 becomes law. Many people feel that a 25 percent sales tax is outrageous; let me give you three reasons why it could happen.

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Information source: portlandmercury.com

25 May

From coffee to Wi-Fi, medical marijuana branches out

Heirloom Remedies doesn’t look like a pot shop. The dispensary, south of Victor along Highway 93, looks like a place where parents and tourists shop for gifts. And it is. Montana-made bath minerals, potted plants, straw hats and boxes of hobbyist beekeeping equipment are displayed tastefully on reclaimed fixtures that lend the outlet a steampunk aesthetic. There’s even a case full of tea sets. Only a careful shopper will notice that the Time magazine cover laid out next to a Victorian loveseat just happens to feature marijuana, or that one of the antique display cases contains a row of pipes. Or that the green stuff in those jars isn’t tea.

The design is intentional, but it’s not a trick, co-owner Tayln Lang says.

“I want your very conservative, Trump-voting grandmother to walk in here and feel comfortable,” he says.

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Information source: missoulanews.bigskypress.com

25 May

GLOBAL DRUG SURVEY 2017: Irish Cannabis among the most expensive in the world

We’re paying an average €19.50 per gram for Herbal compared to just 80 cent in Colombia…

Irish Cannabis is among the most expensive in the world, with high potency Herbal Cannabis costing an average €19.50 per gram here, and Resin €15.

They also remain premium products in Norway and Finland where you’ll pay €20 and €18.60 respectively for Herbal, and €18.60 and €20 for Resin.

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Information source: hotpress.com

24 May

Marijuana Startup Economy Booms As The Medical Cannabis Industry Struggles

Imagine you’re starting your own marijuana farm.

First you get land and water rights. Then you’ve got to find the right strain of cannabis. That can involve as much luck as science.

“There’s a lot of legend and laws,” said Mowgli Holmes, the chief scientific officer at Phylos Bioscience.

“In general it’s like, ‘My friend Billy gave me this. And he told me that he got it from this guy. And … this is the original thing. This is the lost cut of Panama Red from so and so in 1978.’”

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Information source: opb.org

24 May

Ultra Health to open medical cannabis dispensary

ALAMOGORDO — Ultra Health, a medical cannabis dispensary, is planning to open shop at 601 N. White Sands Blvd. in the near future.

“We actually signed the lease to that facility almost a year ago,” said Leonard Salgado, Vice President of Ultra Health. “It’s taken that long to really move through the process with the Department of Health, or more specifically through the Medical Cannabis Program, to get that facility ready for inspection.”

Salgado said the facility is ready for the New Mexico Department of Health’s final inspection and is on hold to open its doors until an inspector is sent down.

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Information source: alamogordonews.com

23 May

661 Million Reasons to Like These 3 Marijuana Stocks

Why should investors like marijuana stocks? For some, the rationale might be the enormous market potential. For others, it could be simply that many marijuana stocks have soared over the last year or so.

There are plenty of reasons for investors to like three marijuana stocks in particular — GW Pharmaceuticals (NASDAQ:GWPH), Insys Therapeutics (NASDAQ:INSY), and Aphria (NASDAQOTH:APHQF). In fact, there are at least 661 million reasons. That’s the amount of cash in U.S. dollars that the three companies have combined.

Here’s why the cash stockpiles held by GW, Insys, and Apria are important.

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Information source: fool.com

23 May

Recreational Cannabis: The New Reality

Beginning July 1, Nevadans will have the ability to legally purchase recreational marijuana for the first time. But as that industry prepares to ramp up production and sales many questions remain. Who can use cannabis? Where can they use it? And how will the state regulate its new commodity?

Walking into a dispensary for the first time can be intimidating. Salespeople known as bud-tenders stand behind a counter that’s filled with various strains of cannabis, products like weed grinders and vape pens and even edibles – food made with THC, the chemical in marijuana that gets you high.

“So right now you’re inside the bud bar,” says Mikel Alvarez with Blüm Medical Marijuana Dispensary in Reno. “We’ve got nine stations. Every station has all of the products that we have.”

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Information source: kunr.org

23 May

Going Green: Marijuana Startup Financing Trends

My firm has written previously on the options cannabis companies have when seeking financing. With legalization of marijuana spreading across the United States, investor activity is picking up as well.

And since California approved Proposition 64 and the Medical Cannabis Regulation and Safety Act, venture capital is taking an acute interest in the Golden State, as California is home to the largest projected cannabis marketplace and roughly half our country’s venture capital investors.

How, though, are cannabis startup investments usually structured? Below is a list of the common types of cannabis investments we are seeing, in rough order of popularity.

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Information source: abovethelaw.com

23 May

Attempting to know the unknown in cannabis insurance

When entering an unknown area of business, it pays to carry with you knowledge that will help speed up the learning curve.

One such new area of business is cannabis insurance – and, as Alison Renner suggests, there are lessons to be learned from pharmaceutical insurance that can be applied to insuring cannabis – particularly around liability.

Renner, president of life sciences at RT Specialty, who specializes in pharmaceutical product liability, said the burgeoning cannabis industry in the United States carries many unknown risks, which insurers must try to underwrite.

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Information source: insurancebusinessmag.com

22 May

3 Top Marijuana Stocks That Are Profitable (but There’s a Catch)

Despite marijuana stocks racking up huge gains over the past couple of years, many of them have yet to turn a profit. Finding marijuana stocks that have positive bottom lines isn’t an easy task.

However, three top marijuana stocks have been profitable over the course of the last year: Aphria (NASDAQOTH:APHQF), Canopy Growth Corporation (NASDAQOTH:TWMJF), and Insys Therapeutics (NASDAQ:INSY).

Each of these stocks managed to achieve what most other marijuana stocks haven’t — but there’s also a catch with all three of them

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Information source: fool.com

22 May

For local governments, cashing in on marijuana isn’t going to be easy

At the office of Monterey County’s Treasurer-Tax Collector, gun-toting guards now stand sentry over the parking lot and entry door.

A newly renovated front office now serves as a secure drop-off point for taxpayers carrying duffel bags full of cash (payments made by appointment only). A fleet of state-of-the-art currency counters stand ready to speedily tally unprecedented sums of paper bills. And the regularly scheduled armored truck pickups are now passing through at a quicker clip.

Monterey County is among the many California cities and counties discovering a hard truth as they angle for a cut of the state’s newly legalized marijuana proceeds: Tax collecting in cannabis country comes with its share of obstacles. And there’s no “how to” guide.

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Information source: dailynews.com

19 May

The Best- and Worst-Performing Marijuana Stocks Last Week

Legal marijuana sales in North America are rising at an exceptionally fast pace, and so are marijuana stocks for that matter. Quite a few pot stocks have seen their share prices double, triple, or run even higher over the trailing-12-month period on the heels of strong weed industry growth.

ArcView, a cannabis research firm that tracks legal pot sales and estimates future growth prospects, pegged legal weed growth in North America at 34% to $6.9 billion last year. Furthermore, it suggests that legal North American pot sales could top $22 billion by 2021. Investors would struggle to find such robust and consistent growth from other industries, which is why investing in marijuana stocks has become so popular recently.

However, the popularity of pot stocks has also led to a lot of emotional investing. In other words, investors may not be taking the time to properly analyze these companies for the businesses that they are. Instead, some might simply be buying for the sheer association of these companies to the budding weed industry. As a result, there have been some wild weekly fluctuations in their underlying stock prices.

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Information source: fool.com

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THE WEED WITH CHARLO GREENE