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on December 12, 2017 in Cannabis News United States Featured

Vermont will legalize Marijuana in early January, house speaker says

Submitted by Marijuana New A top Vermont lawmaker says the state could become the first in the U.S. to legalize marijuana through an act of lawmakers early next year. “It will be up for a vote in early January,” House Speaker Mitzi Johnson (D) said on Friday. “I expect that it likely will pass in early January.” In 2017, the state fell just short of enacting legalization. The legislature passed a bill to legalize personal cannabis possession and homegrow, but Gov. Phil Scott (R) vetoed it. However, in doing so, he laid out a few small changes he wanted legislators...

Submitted by Marijuana New A top Vermont lawmaker says the state could become the first in the U.S. to legalize marijuana through an act of lawmakers early next year. “It will be up for a vote in early January,” House...

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on December 12, 2017 in Cannabis News Canada Featured

Pot’s biggest takeover battle turns nasty as target alleges ‘insider bid’

CanniMed says two of its directors were shopping the company around without the board’s knowledge before Aurora’s offer The takeover battle between two Canadian medical marijuana producers is turning more acrimonious as CanniMed Therapeutics Inc. is raising new concerns that securities laws may have been violated by Aurora Cannabis Inc.’s $582 million offer. CanniMed has asked regulators in Saskatchewan and Ontario to weigh in on several complaints, including that Aurora’s hostile takeover bid be considered an “insider bid,” the company said Monday in a statement. The first company was involved in a long due diligence process to acquire Newstrike...

CanniMed says two of its directors were shopping the company around without the board’s knowledge before Aurora’s offer The takeover battle between two Canadian medical marijuana producers is turning more acrimonious as CanniMed Therapeutics Inc. is raising new concerns...

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on December 11, 2017 in Cannabis News Canada Featured

Liberals boost pot-tax share for provinces in bid to strike deal

Finance Minister Bill Morneau offers provinces a 70-30 split, up from 50-50 formula announced last month By Kathleen Harris, David Cochrane, CBC News Federal Finance Minister Bill Morneau has offered to significantly sweeten the pot tax-sharing plan for provinces in a bid to seal a deal with his provincial and territorial counterparts today. Morneau offered to increase the provincial cut to at least 70 cents on the dollar, a sizable increase from the 50-50 framework he announced earlier this month, during a dinner meeting in Ottawa last night, CBC News has learned. Heading into the meeting with Morneau in Ottawa, provincial ministers insisted on...

Finance Minister Bill Morneau offers provinces a 70-30 split, up from 50-50 formula announced last month By Kathleen Harris, David Cochrane, CBC News Federal Finance Minister Bill Morneau has offered to significantly sweeten the pot tax-sharing plan for provinces in a...

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on December 11, 2017 in Cannabis News Canada Featured

Newfoundland government makes deal with Canopy Growth as marijuana provider once legal

Submitted by Marijuana News Newfoundland and Labrador has struck a deal with Canopy Growth Corp. to supply pot in the province once it’s legal next July, saying the model could be used for other similar arrangements. The publicly traded company is the largest of its kind in the country, with eight licences across Canada. It will supply up to 8,000 kilograms a year for two years, with a one-year extension option. The deal is aimed at ensuring a safe supply of pot, but does not bar purchases from other providers that could be licensed over time. “We will also...

Submitted by Marijuana News Newfoundland and Labrador has struck a deal with Canopy Growth Corp. to supply pot in the province once it’s legal next July, saying the model could be used for other similar arrangements. The publicly traded...

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on December 11, 2017 in Cannabis News United States Featured

New Jersey marijuana legalization: When will weed be legalized?

Submitted by Marijuana News The grass is looking greener for New Jersey marijuana users. The idea of legal pot was once a pipe dream for those who so indulged. Not anymore. Gov.-elect Phil Murphy has pledged to sign legislation legalizing pot within 100 days of his Jan. 16 inauguration, prompting speculation on what that hazy world would look like. Among the particulars that have been largely agreed upon: New Jerseyans would be permitted to possess up to 1 ounce of marijuana for personal use, and previous convictions for such possession would be eligible for expungement. Further, the drug would be...

Submitted by Marijuana News The grass is looking greener for New Jersey marijuana users. The idea of legal pot was once a pipe dream for those who so indulged. Not anymore. Gov.-elect Phil Murphy has pledged to sign legislation...

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on December 11, 2017 in Cannabis News United States Featured

How much tax revenue will Massachusetts generate from Marijuana?

Submitted by Marijuana News Massachusetts legalized marijuana in 2016, making Massachusetts one of 8 states (and D.C.) to do so. Massachusetts is now going through the rulemaking and implementation phases of the legalization process. Part of Massachusetts’ legalization model involves creating a taxed and regulated cannabis industry. Sales are expected to begin in the middle of next year, and a lot of people are wondering how much tax revenue Massachusetts’ adult-use cannabis industry will generate. Earlier this year New Frontier Data estimated that legal marijuana sales would generate $655 million in tax revenue in America in 2017. With a report coming...

Submitted by Marijuana News Massachusetts legalized marijuana in 2016, making Massachusetts one of 8 states (and D.C.) to do so. Massachusetts is now going through the rulemaking and implementation phases of the legalization process. Part of Massachusetts’ legalization model...

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on December 10, 2017 in Cannabis News Canada Featured

Provinces confront Morneau in feud with feds over marijuana-proceeds pot

By Andy Blatchford A cross-country squabble over how best to divvy up the proceeds of Canada’s coming legal-weed windfall is about to intensify as finance ministers gather for high-stakes talks in Ottawa. For the provinces and territories, a key question looms: what entitles Ottawa to claim so much as half of the tax revenues that will start flowing when marijuana is legalized next summer? In anticipation of legalization, the federal Liberal government — which has long insisted its plans were never about the money, but about keeping pot away from kids — has proposed an excise tax of $1...

By Andy Blatchford A cross-country squabble over how best to divvy up the proceeds of Canada’s coming legal-weed windfall is about to intensify as finance ministers gather for high-stakes talks in Ottawa. For the provinces and territories, a key...

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on December 7, 2017 in Cannabis News United States Featured

San Francisco Is Looking Into Creating A Public Bank To Help Cannabis Businesses

By Tess Allen San Francisco cannabis businesses may soon benefit from a public banking system, if two pioneering members of the city’s Board of Supervisors have anything to say about it. Supervisors Malia Cohen and Sandra Fewer are pushing the idea of creating a municipal bank that would both curb the city’s use of large commercial banks and provide cannabis business owners with a safe banking option. “This ongoing public banking discussion is coming at an important moment in our community,” Cohen said last week. “In our long cannabis discussion, we have barely acknowledged that cannabis is currently an...

By Tess Allen San Francisco cannabis businesses may soon benefit from a public banking system, if two pioneering members of the city’s Board of Supervisors have anything to say about it. Supervisors Malia Cohen and Sandra Fewer are pushing...

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on December 7, 2017 in Cannabis News Canada Featured

What should the legal age be for Cannabis?

Submitted by Marijuana News In the eight American states (and D.C.) that allow cannabis possession and consumption for adult use, all of them have a legal age limit of 21 years old. All of the campaigns that brought about legalization campaigned on the slogan of ‘regulate marijuana like alcohol.’ Alcohol has a legal age limit of 21 years old, so it was logical to set the legal age of cannabis at 21 as well. But should that be the legal age for marijuana? One argument that I hear a lot, and there’s a lot of validity to it, is...

Submitted by Marijuana News In the eight American states (and D.C.) that allow cannabis possession and consumption for adult use, all of them have a legal age limit of 21 years old. All of the campaigns that brought about...

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on December 7, 2017 in Cannabis News United States Featured

Oregon Cannabis company offers brilliant solution to Opioid Crisis: Trade your drugs for weed

Submitted by Marijuana News ‘Lebanon, Oregon— As the opioid crisis continues to plague the country, one cannabis company in Oregon is proposing a new solution. Kaya Holdings Inc. (KAYS), the first publicly traded company to open and operate a medical cannabis dispensary, is planning to set up an opioid-for-weed swap program where addicts can trade in their pills for the plant. According to a press release, Kaya Holdings CEO Craig Frank said: “We decided to step up and do our part after President Trump announced the war on the opioid epidemic.”  He went on to cite recent preliminary research...

Submitted by Marijuana News ‘Lebanon, Oregon— As the opioid crisis continues to plague the country, one cannabis company in Oregon is proposing a new solution. Kaya Holdings Inc. (KAYS), the first publicly traded company to open and operate a...

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