The good news for indoor pot growers in states where marijuana is legal is that now they don’t have to hide their crops in secret growing sheds or their grandma’s basement. The bad news is that there’s a lot of competition, causing wholesale marijuana prices to sink. To keep up in such a crowded market, growers are now turning to new technology and growing methods designed keep efficiency up and costs down. [More]
If you live in a state where marijuana is legal in some form, you might be looking forward to bidding 2016 goodbye and easing into 2017 with your favorite bong or a fresh batch of pot brownies. You won’t be the only one: marijuana deliveries are expected to spike on New Year’s Eve. [More]
While it’s always nice to have a backyard for children to play, some kinds of greenery should be kept far from the clutches of kids. Like the 600 marijuana plants police in Connecticut say they found in the yard of a day care center. [More]
Before marijuana became legal in some states, you’d have to figure out on your own how much money you’d spend on weed. But now that recreational pot is a-okay in certain areas, it’s much easier to calculate those numbers. [More]
California residents may no longer have to complain to their doctors about raging headaches in order to get their hands on legal marijuana soon, as an initiative to legalize the use of recreational pot in the state will be on the ballot this November. [More]
First it was juice bars, now this: a new pot-friendly gym in San Francisco will allow members to get high on the premises. [More]
As with any new consumer industry, now that more people have access to marijuana, there are businesses who want to offer them tools and gadgets to go along with their legal medical or recreational pot. And because consumers love things in pods, there’s a weed vaporizer that’s being called the Keurig machine for marijuana in development right now. [More]
As we’ve discussed in the past, even in states where recreational marijuana is now legal, businesses are still figuring out how the heck to handle their financial obligations like banking and paying taxes, as the drug remains a Schedule I controlled substance in the eyes of the federal government. Oregon has now figured out a safe way for weed dealers to pay the taxes they owe the state, and the process sounds like something out of a movie. [More]
Californians who were hoping to summon medical marijuana to their homes with the tap of a smartphone app will have to find anther way to get their pot, after an appeals court upheld an injunction against a weed delivery app called NestDrop. [More]
It’s probably no surprise that now that marijuana is legal in Colorado, tourists are trying it out. However, doctors say they were somewhat surprised by the results of a study which found that out-of-state tourists were visiting emergency rooms more often than residents with pot complaints. [More]
By now, we’re used to seeing the word “organic” on many things we consume from food and beverages to personal grooming and cleaning products. So why not slap the label on marijuana products that people consume every day? That’s the question Colorado lawmakers are considering this week. [More]
There are all kinds of foods that can be kosher, so why not marijuana? A pot grower in New York says its products have been certified kosher by the Orthodox Union, and will be ready to go when the state’s medical pot program starts up in January. [More]
For decades, buying pot off the street sometimes meant you had to take the seller’s word about the quality and origin of their product. But with some states legalizing retail marijuana sales in the U.S., there’s an opportunity for consumer safeguards and increased transparency for pot purchasers. [More]
Although the issue of marijuana legalization can seem straightforward in many ways — either you want medical and recreational to be bought, sold and consumed legally or you don’t — a current initiative in Ohio that would amend the state’s constitution to allow legal pot is meeting resistance from some of the people who are usually in favor of the stuff.
Stop, in the name of not accidentally getting stoned and losing your mind a la Maureen Dowd: In order to keep Colorado residents from mistaking marijuana edibles for non-drug-laced food, the state might slap stickers with red stop signs with the letters THC on them to warn folks before they ingest. The stop signs would also be stamped on the food itself.
The state of Colorado no longer outlaws recreational marijuana use, but the U.S. government still considers it a Schedule I controlled substance, so many businesses making money from the locally legal sale of cannabis are having trouble finding banks to handle their cash. One credit union formed with the goal of providing financial services to those in the marijuana industry received a charter from Colorado, but has filed suit against a regional Federal Reserve bank for blocking its ability to work with other banks. [More]
Lawmakers Introduce Legislation That Would Give Legal Marijuana Businesses Access To Banking Services
One of the biggest challenges facing the new legal marijuana industry comes down to money: now that businesses in certain states have gotten the go ahead to sell weed, many of them are stuck in a tough spot when it comes to actually dealing payments for their products, since the drug is still illegal under federal law. A group of senators is seeking to change that, introducing a bill that would take the heat off legal marijuana operations and give them access to banking services.
Oregonians across the state are grabbing their beloved bongs and reaching for the rolling papers today, as the state’s law allowing recreational marijuana use officially went into effect at midnight. But as with any marijuana law, there are some considerations before residents start lighting up — including the fact that they can’t legally buy recreational pot anywhere just yet.