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Justice Department Says It Won’t Challenge State Laws Permitting Marijuana Legalization And Sales

August 29th

WASHINGTON, DC – Federal justice officials will not challenge the implementation of laws in Colorado and Washington that allow for the production, consumption, and sale of marijuana to those over 21 years of age. Voters in both states approved initiatives in November allowing for the licensed production and retail sales of the plant, both of which are anticipated […]

Read Justice Department Says It Won’t Challenge State Laws Permitting Marijuana Legalization And Sales in its entirety on The Daily Chronic.

Want to stay up to date on marijuana reform & cannabis news worldwide? Visit The Daily Chronic - The Voice of the Reform Generation, the most comprehensive coverage of the cannabis community!

SOURCE: Justice Department Says It Won’t Challenge State Laws Permitting Marijuana Legalization And Sales by

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Senator Leahy Calls Judiciary Hearing on Federal Marijuana Policy

August 28th

WASHINGTON, DC – US Sen. Patrick Leahy (D-VT), chairman of the Senate Judiciary Committee, announced Monday that he would hold a hearing next month on the Justice Department’s response to marijuana legalization in Colorado and Washington and legal medical marijuana in 20 states and the District of Columbia. The hearing is set for September 10. Leahy […]

Read Senator Leahy Calls Judiciary Hearing on Federal Marijuana Policy in its entirety on The Daily Chronic.

Want to stay up to date on marijuana reform & cannabis news worldwide? Visit The Daily Chronic - The Voice of the Reform Generation, the most comprehensive coverage of the cannabis community!

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Denver City Council Rules No New Marijuana Businesses Until 2016

August 13th

DENVER, CO — The Denver City Council gave initial approval Monday to a plan that would not allow any new marijuana businesses to open in the city until 2016. The move comes as the city tries to prevent a “green rush” of applications from  newcomers to the city — and state — hoping to capitalize […]

Read Denver City Council Rules No New Marijuana Businesses Until 2016 in its entirety on The Daily Chronic.

Want to stay up to date on marijuana reform & cannabis news worldwide? Visit The Daily Chronic - The Voice of the Reform Generation, the most comprehensive coverage of the cannabis community!

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Loveland to Consider Banning Recreational Pot Shops

August 5th

LOVELAND, CO — The Loveland City Council will consider an ordinance Tuesday evening that would allow the city to opt out of allowing recreational marijuana stores under Amendment 64. In January, the city council adopted a “wait and see” approach to decide whether or not to allow the licensed sale of marijuana to adults. Under […]

Read Loveland to Consider Banning Recreational Pot Shops in its entirety on The Daily Chronic.

Want to stay up to date on marijuana reform & cannabis news worldwide? Visit The Daily Chronic - The Voice of the Reform Generation, the most comprehensive coverage of the cannabis community!

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Denver City Council Approves 5 Percent Marijuana Tax

July 30th

By | The Daily Chronic

DENVER, CO — The Denver City Council approved a five percent marijuana tax when recreational sales begin next year in a 7-5 vote Monday afternoon. The municipal tax, which voters must now approve, would be in addition to a proposed 25% state wide tax, which also must be approved by voters in November. The tax [...]

Denver City Council Approves 5 Percent Marijuana Tax was written by and appears in full on The Daily Chronic. Want to stay up to date on cannabis news worldwide? Visit The Daily Chronic - The Voice of the Reform Generation

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Colorado Springs Bans Recreational Marijuana Retail Stores

July 24th

COLORADO SPRINGS, CO — Officials in Colorado’s second-largest city voted on Tuesday to ban recreational marijuana shops, becoming the largest community in the state to utilize an opt-out provision of a law that legalized the non-medical use of pot.

After two hours of public comments, the Colorado Springs City Council voted 5-4 to bar retail pot stores from opening within the city limits. The debate and vote came after Mayor Steve Bach publicly said he would veto the ordinance if the council approved allowing the recreational outlets.

“I say we should stand with our neighbors on this issue,” Bach testified before the vote, referring to nearby communities in the same county that have banned the pot shops.

Colorado Springs has a population of about 420,000 with a large military and evangelical Christian presence and is one of the most conservative and Republican areas in a state which in recent election cycles has turned leftward.

Last year, Colorado and Washington were the first U.S. states to legalize recreational marijuana, and the Colorado law allows cities or counties to outlaw marijuana stores in their communities. Nearly . . . . . READ MORE

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Colorado Springs, CO: No Recreational Marijuana Stores

July 23rd

COLORADO SPRINGS, CO — Colorado’s second largest city, Colorado Springs, is on the verge of banning recreational marijuana retail stores, forfeiting a projected $3 million in  recreational marijuana sales taxes for the city.

The City Council is expected to vote Tuesday on whether or not to ban retail pot shops under last year’s Amendment 64, which legalized retail sales of cannabis to adults in the state.

Four of nine city council members have said that they plan on voting against allowing retail marijuana stores in the city, but even if the council votes to allow the retail sale of marijuana to adults 21 or older, Mayor Steve Bach says he will veto any ordinance allowing the stores to open in the city.

There does not appear to be enough support on the council to overturn a mayoral veto.

Colorado Springs is the second largest city in the state, behind Denver.  Located at the base of Pike’s Peak and the Rocky Mountains, the city is a popular tourist destination, with an estimated 5 million visitors annually.

It was projected that recreational marijuana sales in the city would generate approximately $3 million annually in tax revenue for the city.  Sales would be limited to one ounce of pot for Colorado residents or a quarter of an ounce for out of state visitors.

Colorado Springs is the county seat of El Paso County, where Amendment 64 passed by 10 votes.  Even before the election, county commissioners for El Paso Count. . . . . READ MORE

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Private Equity Firms Investing in the Future of Legal Marijuana Sales

July 19th

SEATTLE, WA — In the sparse Seattle offices of Privateer Holdings, Brendan Kennedy grabs an iPad to show how his bet on legal marijuana is already payingdividends in the form of a Google results page for “blue cheese.”

When Web users search that term, high on the list is a link to reviews of the pot strain “blue cheese” on Leafly.com, the medical cannabis website Privateer bought a year and a half ago and which it calls the Yelp of weed.

“We’ve got Wikipedia blue cheese and pictures of blue cheese, and the third thing you see is the ‘blue cheese’ strain on Leafly,” Kennedy said as he displayed the Google results page. He says Leafly produces revenue of over $100,000 a month.

Popular interest in marijuana and moves by Washington state and Colorado to legalize recreational marijuana have led Kennedy’s two-year-old private equity firm and a handful of politically connected investors to dive into the pot business. Cannabis remains illegal under federal law.

Privateer this week said it closed a $7 million first round of fundraising. It also named to its board of directors Michael Auerbach, an investor with ties to former U.S. Secretary of State Madeleine Albright.

A next round of Privateer fundraising. . . . . READ MORE

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Lessons from the Netherlands for Marijuana Legalization in the US

July 19th

AMSTERDAM — The US states of Colorado and Washington voted last year to legalize marijuana and are moving forward toward implementing legalization. Activists in several states are lining up to try to do the same next year, and an even bigger push will happen in 2016.

With public opinion polls now consistently showing support for pot legalization at or above 50%, it appears that nearly a century of marijuana prohibition in the US is coming to an end.

Exactly how it comes to an end and what will replace it are increasingly important questions as we move from dreaming of legalization to actually making it happen. The Netherlands, which for decades now has allowed open marijuana consumption and sales at its famous coffee shops, provides some salutary lessons — if reformers, state officials, and politicians are willing to heed them.

To be clear, the Dutch have not legalized marijuana. The marijuana laws remain on the books, but are essentially overridden by the Dutch policy of “pragmatic tolerance,” at least as far as possession and regulated sales are concerned. Cultivation is a different matter, and that has proven the Achilles Heel of Dutch pot policy. Holland’s failure to allow for a system of legal supply for the coffee shops leaves shop owners to deal with illegal marijuana su. . . . . READ MORE

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Colorado Releases Marijuana Growing, Sales Regulations

July 1st

DENVER, CO – Detailed rules for how recreational marijuana in Colorado should be grown and sold starting next year were released Monday.

The state department that will regulate marijuana released more than 60 pages of rules for how marijuana sales will be licensed and regulated. The Colorado Legislature set broad parameters earlier this year, but many nitty-gritty rules were left to the Department of Revenue.

Marijuana possession by adults has been legal since last December in Colorado, but retail sales don’t begin until January. The voter-approved marijuana legalization measure adopted last year required the department to release rules by July 1. The rules released Monday don’t apply to medical marijuana dispensaries.

The rules require labels to include potency, expiration dates and a disclaimer that marijuana isn’t legal outside Colorado and hasn’t been safety-tested.

Recreational marijuana will also come with the disclaimer that “there may be health risks associated with the consumption of this product.”

Marijuana labels won’t be allowed to make claims that the product brings any health benefit.

The rules also detail exact specifications for who can work in marijuana businesses and how the drug can be transported and stored.

The department’s rules indicate it plans to establish seed-to-sa. . . . . READ MORE

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