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Cannabis industry

Rising Property Values Due To Marijuana Legalization, Study Claims

In Colorado, legalizing cannabis has earned the state almost $2 billion in marijuana sales, including general scholarship funds for students headed to college and around several hundred million dollars in tax revenues. It has also made property values more lucrative in and around the city of Denver, and certainly in areas that have close proximity to retail pot shops. Specifically, cannabis outlets are adding 8.4 percent more value onto homes closer to them than farther away. At least, that is what the Wisconsin School of Business at the University of Wisconsin-Madison had to say, which just last week released a research report conducted by assistant professor of real estate & urban land economics, Dr. Moussa Diop, as well as the University of Georgia’s James Conklin and California State University’s Herman Li. The team found no negative impacts on property or housing prices since marijuana went legal. In fact, they found …

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Excess Marijuana Supply Threatens the State of California

California became the Eight State to legalize recreational marijuana. The other Seven States where recreational marijuana is legal are Oregon, Washington, Nevada, Maine, Alaska, Colorado, and Massachusetts. The legalization of marijuana in these states has been a huge success. Billions is revenue has been generated from recreational marijuana legalization. California was the first State to legalize medical marijuana in 1996 and last November voters chose to legitimatize recreational marijuana. The deadline for local counties to have all procedures set in place is January 1, 2018. In Colorado and Washington, sales of recreational marijuana are around $1 Billion in each state. But California is set to be by far the largest, with researchers estimating that California will generate up to $5 Billion in revenue from marijuana sales. The latest date for vendors to be able to apply for licenses is January 2018. There is now a rush on in local counties …

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Anti-Marijuana Lawmakers Continue to Hand the Industry Set Backs

It is no surprise that this current administration plans on continuing to put more restrictions on marijuana. Even among the overwhelming evidence that marijuana is actually good for the country, there continue to be push backs. This problem has only elevated since the appointment of Jeff Sessions as Attorney General. It has been no secret that Sessions has wanted to continue the endless war on drugs, but he isn’t alone. Most recently Rep. Andy Harris has joined the endless crusade against the marijuana industry. This is nothing new for Harris as he has always been vocal against medical marijuana. In fact, rollingstone.com regards Harris as being marijuana’s “biggest foe”. Recently Harris has been pushing for more marijuana research. This leads many supporters of the marijuana community to wonder why. This comes on the heels of the announcement that Jeff Sessions wants to revive the D.A.R.E program. The D.A.R.E program was …

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How Many Countries Have Legalized Medical Marijuana and Why?

The world is moving in the right direction when it comes to the legalization of marijuana. Countries who have legalized medical marijuana are raking in the benefits. This begs the question, why isn’t it legal everywhere? Legalizing marijuana isn’t as easy as signing a bill. There is a process of votes and passing laws. Here are the countries who have legalized medical marijuana and who have joined the cannabis revolution. Why should marijuana be decriminalized? The number one reason why people are against making marijuana legal everywhere is because they are misinformed. They think marijuana leads to crime and addiction.  Cannabis does not have the chemical structure to cause withdrawal symptoms. However, this doesn’t mean, that people who are prone to addiction are safe either. The best argument for the legalization of marijuana is the benefits that each state can see. This is because once marijuana is legalized, it gets …

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Has Weed Legalization Increased the Number of Teenage Users?

One of the main concerns about legalizing cannabis was that more adolescents would smoke it, and that they would smoke much more of it. As it turns out, these are completely unfounded fears. According to a study on the effects of marijuana legalization on teenagers, conducted by The Lancet Psychiatry, teenage marijuana use does not increase in states where cannabis is legal. Weed Legalization and Teenagers This particular study was notably exhaustive and used data compiled over 24 years on more than a million adolescents in 48 states. It found no evidence that teenagers use more weed after legalizing it. The Columbia University Medical Center in New York analyzed data collected from 1991 to 2014 on teens aged between 13- and 18-years old. To date, these findings are the most comprehensive and accurate on the subject, providing the strongest evidence that legalization does not lead to increased teenage use. Instead, …

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New Standards for Marijuana Testing Laboratories in California

Many California natives rejoiced when in November the sale and use of recreational marijuana was legalized. This meant that there was no longer a need for a medical marijuana certification in order to purchase, cultivate or grow marijuana. However, what many people didn’t know is that this milestone came along with new standards for marijuana testing laboratories in California which may change the way you are able to purchase it. Here is everything you need to know about the Marijuana laws California has put into place. Growing Marijuana Most states that have legalized the medical use of marijuana also allow you to grow your own plants, under very strict guidelines of course. These guidelines include the amount of plants that you are able to grow as well as the way the plants must be treated and handled. But, how does this work for the states like California that have legalized recreational …

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Proposed New Medical Marijuana Rules for California Industry

After two decades of little to no government oversight, Proposition 215 is back in the spotlight. Since the Medical Cannabis Regulation and Safety Act of 2015, the state is now striding toward extensive control of this industry. Under this law, businesses can expect changes to the medical marijuana rules of California, including mandates for stricter regulations, increased oversight, and forced compliance. California’s New Laws for Medical Cannabis The MCRSA introduced a bevy of regulatory tasks for marijuana business. To comply, companies are investing in specialized software to help them meet requirements. According to California Legislature, the Adult Use of Marijuana Act of 2016 also aims to control, regulate and tax recreational cannabis with similar fervor. New proposals under the MCRSA include mandating the following: Requirements for labeling and packaging. Compulsory quality testing. All aspects of product marketing. Cannabis lifespan tracking, from seed to sale. Restricting environmental impact. Limiting potency and …

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Effects of Federal Pressure on Santa Monica’s Cannabis Industry

On November 8, 2016, all of California was celebrating the official ballot votes approving Proposition 64. For those in Santa Monica, cannabis for recreational purposes was legal, and everywhere else in the state, too. Anyone over the age of 21 could use weed, carry it on their person, and even grow some at home. However, everyone is now anxious with President Trump being in office. Just ten days after his election, Trump instated Jeff Sessions as head of the Department of Justice. Sessions is an Alabama senator with strong opposing views on marijuana. Trepidation is now pervasive in L.A.’s cannabis industry, and stakeholders are extremely insecure about what will happen next or how to proceed. After all, cannabis is still illegal under federal law. California’s marijuana industry feels under threat.  Santa Monica cannabis industry do not feel that they have sufficient legal protection. Although Proposition 64 legalizes recreational weed, cannabis …

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6 Predictions For the Los Angeles Marijuana Industry in 2017

Last year saw a massive victory for the legalization of cannabis in California. In 2016, voters approved Proposition 64, making it legal for people to grow, carry and use marijuana recreationally. According to the Los Angeles Times, the city’s annual marijuana sales crossed the $1.3 billion mark in 2015 already. Combined with the approval of Proposition 215 in 1996, weed is now legal for everyone in the state. The future of the marijuana industry in Los Angeles looks very bright indeed, despite a few potential setbacks in U.S. Attorney General Jeff Sessions and his policing policies. The market for recreational marijuana in Los Angeles is still in its early stages, and many industry folk will be keeping an eye on progress during 2017. Even so, cannabis delivery service in Loss Angeles looks set to grow exponentially. So, just what are the biggest predictions for Los Angeles marijuana industry in 2017? …

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Setting-up Medical Marijuana Delivery Service Business Plan Made Easy

The prospects are becoming bright with each passing day; marijuana business has become real time business in the U.S today. You will agree with me that not every business plan makes it across the margin; many have failed and the delicate terrain of marijuana is not an exception. To reap the full benefits in this business, you must have a solid business plan for your marijuana delivery. We are going to take you through all the knotty gritty of setting up a business plan that you will be proud of. Financial Planning And Creating A Budget You definitely have strategic goals for your marijuana delivery service. Goals are met when they are backed up with the commensurate financial plan of action. How much is involved? How are you going to source the revenue? You must get this solidly on the ground. The Business License Of Marijuana Delivery Service The first …

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25% Among American’s Beer Drinkers will Predictably Embrace Marijuana when Legalised

On purely health grounds and for recreational purposes, some states in the U.S have legalized Marijuana. The law is no respecter of persons, but with the impending legal backing to marijuana by more states in the U.S to marijuana, studies show that 25% of American beer drinkers will change to marijuana. Studies in states where marijuana has not been legalized show that a quarter of the beer drinkers have switched to the pot. Legalizing marijuana is within the states for now; pundits predict that if it gets to the national level, it is predicted that the beer industry will lose more than $2 billion on their retail sales index according to studies carried out by the Cannabis Consumer Group. There is an anticipated takeover of 7% of the marijuana market. The reality of the survey results above has been reflected in three states in the U.S. The legislation has taken …

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10 Wondrous Benefits and Healing Properties of Marijuana

Marijuana is one of the most interesting topics to hit the mainstream media in recent times. It has fans and doubters alike, and the decision to legalize it has been viewed by many as highly controversial, with doubts and concerns raised aplenty. However, marijuana also has lots of benefits and healing properties which most people are unaware of. These benefits make marijuana a highly effective and popular form of medicine and have resulted in an increase in cannabis delivery in Santa Monica. Some of these benefits are discussed below. Marijuana can be Used to Treat Glaucoma Glaucoma is an eye disease which increases the pressure in the eyeball, causing damage to the optic nerve and potentially resulting in the loss of vision. Studies have found that marijuana can be used to treat glaucoma, as it decreases the pressure in the eyeball. This can slow down the progression of the disease, …

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Top 5 Weed Vacation Tips that Will Make Your Experience Fantastic

Weed vacations are gaining popularity in states that have legalized medical/recreational marijuana. Previously, such vacations were not common due to the decriminalization of cannabis use and other activities related to it. Like other vacations that people usually go, this one needs to be enjoyable and worth reminiscing. But how many people are getting it right? Well, probably a few who take the time to plan well before beginning it. If you usually take such vacations but feel you are not enjoying to the maximum, then this article is perfect for you. With the right practical tips at hand, you can change your experience the next time you are out. Here are some tips for your consideration: #1 Don’t Underestimate Edibles One of the ways people get it wrong when they go for weed vacations is underestimating the power of edibles. If you are not used to edibles, then do not …

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With New Law, You Can Now Wipe Out Your Past If You Were Convicted for Growing Marijuana at Home

In the past, one could be convicted for growing marijuana at home. In fact, there were thousands of cases involving illegal marijuana growing every year. As a result, some of them were convicted and are now serving varying jail terms depending on the crimes they had committed. With the passing of the new law that makes it legal to use the drug for medical purposes and grow not more than six plants at home, one can have their case reviewed, and the conviction wiped out. However, that does not mean that everyone in jail will be released now that the law has legalized cannabis. Remember that as at now, the law is not yet fully implemented. But still with the new law governing the marijuana industry, some crimes remain punishable. So Which Cases Can Be Cleared Under the New Law? One of the provisions in the new cannabis law allows …

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Are Cannabis-Using Parents Safe Under Proposition 64 ?

Marijuana users were relieved when California voters passed Proposition 64 in the November 8, 2016, elections. The law legalized recreational marijuana delivery and use in the state. However, there is a growing concern that authorities will infringe the civil rights of marijuana users. Some of the risk areas include parenting, gun ownership, driving, and employment. A recent report by Brooke Edwards Staggs provides more insights on the potential effects of the new law on cannabis-using parents. Proposition 64 has a new protection for parents that restricts courts from rescinding the custodial rights of parents who use medical marijuana. Cannabis-using parents should feel safe under the new law but their experience before the passage of Proposition 64 proves otherwise. State agencies may interfere with custodial rights because they still have the discretion to grant or deny cannabis-using parents custody of their children. The new law is a not concern to state …

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There is hope in Marijuana Industry for Job Seekers

The number of jobs in the cannabis industry is expected to increase in the coming years. According to experts in the industry, there may be up to 300,000 extra jobs coming up in weed trade. The marijuana industry is ever promising than before. This is something that had not been conceived barely 20 years ago. In 1995, no single state had legalized marijuana for any use, whether recreational or medical. Today, the story is different. A total of 28 states have legalized marijuana for both recreational and/or medical use. The explosion in weed legalization can only be explained best by the increasing public perception towards cannabis. According to the national pollster Gallup, the support for the legalization of marijuana has highly increased to 60% in 2016 compared to a 25% support that was seen in the mid-1990s. A recent survey by CBS News poll conducted in 2015 shows that 84% …

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Medical Cannabis Spending Could Double in the Future

A new study in Phoenix, Arizona shows that medical marijuana spending could double in a matter of four years if the Trump presidency will not interfere with it. According to ArcView Market Research and the New Frontier Data, retail sales by the end of 2016 were pegged at $367 million. However, the figures are expected to reach about $681 by 2020. So, what accounts for the increased spending on medical marijuana? The authors believe that the price of medical weed is certainly going to drop significantly in the next few years. Looking at it from another perspective, there will be more marijuana bought for each dollar spent. The marijuana delivery service operators who were interviewed in the study stated that they have experienced a decrease in the wholesale prices from over $3500 per pound, reaching a low of $1800 in a number of cases. Further decline in prices is also …

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Expounding on the Role of Attorneys in relation to the Cannabis Industry

Marijuana for recreational use is now decriminalized in California. However, the federal government still considers marijuana illegal regardless of the use. Therefore, state’s lawyers have to deal with serious ethical matters revolving around the legal fog that still is a major challenge to the latest reforms on weed. Marijuana advocates got a resounding victory on November 8, 2016 during the elections that saw five states legalize marijuana for recreational use. These included Maine, California, Nevada, Arizona and Massachusetts. Four other states voted in measures to decriminalize medical cannabis. It was a time of celebration for marijuana users in these states that have now become marijuana-friendly according to the states laws and regulations. Many hopefuls believe that the recent developments on the issue of marijuana are a turning point for the national government.  Going back to the campaign period, Trump told the Washington Post that he considered the issue of cannabis …

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