Vermont Becomes the Ninth State to Legalize Recreational Marijuana

"Today Vermont Gov. Phil Scott signed a bill making his state the ninth to legalize marijuana for recreational use and the first to do so through the legislature rather than a ballot initiative. The new law, which takes effect on July 1, allows adults 21 or older to possess up to an ounce of marijuana in public, to grow up to six plants (two of them mature at any one time) per household, and to keep whatever they produce."

Continue ReadingVermont Becomes the Ninth State to Legalize Recreational Marijuana

New California declares “independence” from rest of state

"The state of New California would incorporate most of the state's rural counties, leaving the urban coastal counties to the current state of California. But unlike other separation movements in the past, the state of New California wants to do things by the book, citing Article 4, Section 3 of the U.S. Constitution and working with the state legislature to get it done, similar to the way West Virginia was formed."

Continue ReadingNew California declares “independence” from rest of state

Both Sides of the Aisle Fire Back At Jeff Sessions’ New War on Weed

"With legal marijuana enjoying consistent majority support in opinion polls—a Pew poll released Friday at support at 61%--the blowback has been immediate, fierce, and across the board. Feeling particularly vulnerable, legal pot state Republicans howled especially loudly."

Continue ReadingBoth Sides of the Aisle Fire Back At Jeff Sessions’ New War on Weed

Sessions rescinds Obama-era directive that eased federal marijuana enforcement

"In a memo sent to U.S. attorneys Thursday, Sessions noted that federal law prohibits the possession and sale of marijuana, and he undid four previous Obama administration memos that advised against bringing weed prosecutions in states where it was legal to use for recreational or medical purposes."

Continue ReadingSessions rescinds Obama-era directive that eased federal marijuana enforcement

More Broke States Trading In Vice Enforcement For Tax Revenue

"Pennsylvania is in the midst of a budget crisis. Seeing New Jersey success is raising revenue from Internet gambling, the Pennsylvania House of Representatives suggested that to avoid a tax increase, they would follow suit. This week, after years of haggling, Gov. Tom Wolf signed a measure to make Pennsylvania the fourth state to legalize online gaming – a move that is projected to bring in $426.3 million in tax revenue from 2017 to 2022. Michigan is also considering making a move, and guess who the chief opponent is?"

Continue ReadingMore Broke States Trading In Vice Enforcement For Tax Revenue

High taxes on legal pot in California could mean black market will thrive

"State and local taxes on marijuana could surpass 45% in some parts of California, jeopardizing efforts to bring all growers and sellers into a state-licensed market in January, according to the global credit ratings firm Fitch Ratings. The report said that increased enforcement may blunt the illegal market, 'but high taxes may complicate such efforts by diverting in-state sales to the black market.'"

Continue ReadingHigh taxes on legal pot in California could mean black market will thrive