marijuana

Colorado awash with weed cash, state giving it back to taxpayers

Colorado has been so successful in implementing legal weed that it is awash with cash and the state is now giving it back to the taxpayers.

When voters in Colorado passed the amendment to make marijuana legal, one of the factors behind it was definitely financial gain.

With the government able to put a hefty tax on the sale of weed, they wouldn’t have to make as many cuts and could probably save a lot of money, however they didn’t expect to make so much.

It’s been reported by Associated Press that they have made so much cash that they are about to pass the limit of the amount of money they’re allowed to actually make from taxes. It means the taxpayers could be in line to receive a cut of the $50 million profits accumulated by the legitimate sale of marijuana.

The taxes were originally designated to be used on school construction and people selling the weed said they had ‘no problem’ paying taxes if it was going back into the area’s education services.

However, the ‘Taxpayer’s Bill of Rights’ which was passed in 1992, states that Colorado cannot spend revenue if they grow faster than that of population growth and inflation, unless the people approve a change. This means that the citizens could be in line for an extra payday thanks to the pot business.

The local politicians though are hoping for a vote so that they can keep the cash. They’ve already estimated that they will make around $1 billion in a year from sales and have saved between $12 and $40 million in the law enforcement budget while focusing more time on criminal activity unrelated to marijuana.

A TABOR in New Zealand would certainly be welcome.

Meanwhile the Federal government is being obstructive with the new business.    Read more »

Cheap weed in Washington State after legalisation causes glut in supply

Washington State legalised cannabis and in the first year growers rushed to market hoping to make a killing…predictably there was an over supply and prices dropped through the floor.

Have you ever been tempted to buy your dog a truckload of steaks just to see if there was a limit to how many of them they could eat at just one sitting? Well when marijuana became legal in the state of Washington, we were similarly curious about whether there was a theoretical maximum amount of pot that its residents could smoke… and now our questions have been answered.

The Associated Press, via ABC News, reports that marijuana sellers in Washington are actually suffering from large unsold surpluses of pot, as supply is now vastly greater than demand for the demon weed inside the Evergreen State.   Read more »

The police will help you find cannabis

burn dope

Ok, they’re expecting you to dob in the growers, but even so, here’s what you need to look out for

The police have issued a helpful guide to identify cannabis operations, in the hope growers will be grassed on by the public.

Cannabis growing season is “well underway” and Detective Sergeant Regan Boucher of Southern District police said people should be on the lookout for cannabis growing operations as they travel around this summer. Read more »

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Another weed study with surprising results

As cannabis gains traction with legalisation across the world more and more studies are able to be done that were previously forbidden.

Some are producing surprising results.

Time reports:

Want fewer “Dude, where’s my car?” moments but not ready to give up the weed? A new studypublished in the British Journal of Psychiatrysuggests that variations in the chemical makeup of different strains of marijuana are associated with different levels of cognitive impairment while high.

Tetrahydocannabinol (THC) is commonly recognized as the ingredient in marijuana that causes a “high” in users, but researchers have long known that pot contains other active substances as well. While THC can cause hallucinations and paranoia, another chemical found in marijuana, cannabidiol (CBD), is believed to be responsible for the calmer, sedating part of the experience. The two chemicals have opposing effects on one of the brain receptors affected by cannabis, the CB1 receptor.

To determine the effect of different levels of CBD, researchers studied 134 cannabis-using volunteers while they smoked their own stash of marijuana, at home. They gave them various cognitive tests, either while wasted or abstinent. Then, they took samples of the pot back to the lab for testing.   Read more »

Anyone want a tonne of dope?

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I mean it…does anyone want a tonne of dope? …a Washington state farmer is selling a tonne of legal dope.

A Washington state farmer is selling off a ton of marijuana — literally 2,000 pounds worth — to the highest bidder in one of the first large-scale legal pot auctions in modern American history.

On Saturday, Randy Williams of Fireweed Farm in Prosser, Wash., will offer for sale the marijuana he’s been growing all summer. Most legal marijuana in Colorado and Washington, the only states with legal recreational marketplaces, is grown indoors under electricity-hogging lights in much smaller batches.   Read more »

Cannabis – Helping the kids, A journey for oil

Time has a released a documentary about how cannabis is providing medical treatment for kids where legal medicines have failed dramatically.

Kate Pickert investigates the world of medical marijuana for children.

The story focuses on the Stanley family, who began selling “Charlotte’s Web” – a strain high in CBD but low in THC – through their Colorado business after the mother of a girl with epilepsy approached them. We have looked before at the remarkable story of Charlotte Figi, this story however delves a little deeper.

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Wanting cannabis legalised so access can be restricted

An interesting debate has arisen in Oregan where the cannabis legalisation debate is front and centre with a vote on legalisation occuring shortly.

One group of mothers is for legalisation, but not so that they can buy it or smoke…for another reason entirely.

To clarify, the Yes on 91 moms don’t want to legally buy marijuana. Nor do they want their kids to have access to it. In fact, that’s their argument.

“With no regulation, marijuana is sold everywhere,” says Leah Maurer, a stay-at-home mom of three who’s been volunteering for the campaign. “It’s sold on the streets, in parks, outside schools, under the bleachers at baseball and basketball games.”

She holds up a photo, for the benefit of the four television cameras that have crammed into the makeshift press conference room, showing edible THC lollipops with smiley faces painted on them. “This is what’s out there right now. This is what this looks like to our children,” Maurer says. Then she holds up a second image — a sterile white vial with a label on it. “This is what it will look like,” she says, “under Measure 91.”

Broadly speaking, this is the campaign’s particular mom-proof, skeptic-co-opting logic: Measure 91 is less pro-pot than pro-rules-on-pot. The people who want to smoke have likely already decided to vote for the law, and the people who think marijuana’s evil are probably set against it. What’s in between are all the Oregonians not particularly interested in their own personal access to marijuana who might be swayed that the state can better manage this market — and, say, a child’s access to it — than drug dealers can.

This is a good point…with legalisation comes restrictions, just like on tobacco and with alcohol.   Read more »

Pro tip: Don’t stash your stash near farm animals

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Close to $10,000 of Marijuana has been consumed by some very happy sheep

Cannabis is known to leave its smokers feeling woolly-headed, but it seemed to have little effect on a flock of sheep who chomped their way through thousands of pounds worth of the drug.

The hungry hash-eaters came across seven black bags containing the class B banned substance that had been dumped at the edge of their farm in Merstham, Surrey, and started scoffing.

The [illegally dumped] plants, each about three-foot tall, had an estimated street value of ÂŁ4,000 – police have just revealed. Read more »

Does Weed Make Food Taste and Smell Better?

Apparently it does and there is some research to back it up…maybe this is why the munchies occur?

[N]ow there’s finally some actual hard science to back up such boasting, thanks to a new study published in Nature Neuroscience that found that the brain’s cannabinoid receptors“promote food intake in fasted mice by increasing odor detection.”

Led by Giovanni Marsicano of the University of Bordeaux, a team of European neuroscientists proved that THC—the primary psychoactive ingredient in marijuana—fits into special receptors in the brain’s olfactory bulb, allowing users to smell and taste food far more acutely while high. Since these scientists study neurological diseases, rather than write a column on theintersection of cannabis and cuisine, their report tends to focus on practical medical applications of this exciting new discovery, rather than its role in giving rise to what the New York Times has dubbed haute stoner cuisine.

“Many feeding disorders [like anorexia] are accompanied by altered perception in general,” Marsicano noted. “Smell is particularly linked to food intake and is particularly altered in different diseases…so smell and its regulation by the endocannabinoid system could represent a future target for therapies against these and other diseases.”

According to Smithsonian Magazine, Marsicano and his team “began by exposing mice (increasingly used in neuroscientific research because of the surprising amount of cognitive similarities they share with humans) to banana and almond oils as a test of sensitivity to scent. When they did so, the mice sniffed the oils extensively at first, then stopped showing interest in them, a well-known phenomenon called olfactory habituation. Mice that were dosed with THC, however, kept on sniffing, demonstrating an enhanced sensitivity to the scents. These THC-dosed mice also ate much more chow when given the chance, showing an increased appetite.”

When a second set of mice—genetically engineered to lack a cannabinoid receptor in their olfactory bulb—underwent the same experiment, THC had no effect on how quickly they habituated to the scents, or their general level of appetite. That suggests that THC’s effect on these receptors largely accounts for how we get “the munchies.”

Further, when researchers made some of the non-stoned mice fast for 24-hours, their olfactory bulbs actually began to produce large amounts of endogenous cannabinoids naturally, with the resulting increase in sensitivity to food aromas serving as a powerful incentive to seek out nourishment in large amounts and avoid starvation.

Read more »

Medicinal Cannabis coming to Australia

As more states and countries around the world start legalising cannabis the pressure is going to come on John Key to look at legalisation of cannabis sooner rather than later.

Tony Abbott is a convert and his government is moving to legislate for the introduction of medicinal cannabis.

The federal government would be given oversight over the production and distribution of medical cannabis under new legislation to make the make the drug available to patients with chronic pain.

The push to legalise medical cannabis is gathering pace, with Greens Senator Richard Di Natale, chairman of the cross-party Parliamentary Group for Drug Policy and Law Reform, now finalising a bill that is set to be introduced into Parliament next month.

Supporters of legalised medical cannabis have been buoyed by Prime Minister Tony Abbott’s strong public support for the legalisation of the drug for medical use.

“I have no problem with the medical use of cannabis, just as I have no problem with the medical use of opiates,” Mr Abbott wrote in a letter to 2GB radio host Alan Jones, dated August 23.

“If a drug is needed for a valid medicinal purpose … and is being administered safely there should be no question of its legality.”

Jones, who has been campaigning in support of medical cannabis, read Mr Abbott’s letter on air earlier this month.

Senator Di Natale, a former GP, is also pushing for the Therapeutic Goods Administration to create a special category for the drug so that it can be available with a doctor’s prescription. The TGA currently lists cannabis as a prohibited substance.   Read more »