Originally published on Thu February 7, 2013 5:07 pm
OLYMPIA, Wash. – Three powerful Democrats in the Washington state House are proposing a new 25 percent tax on medical marijuana. The measure introduced Thursday is designed to avoid an underground market for medicinal pot once recreational marijuana is legally sold in stores.
Originally published on Mon February 4, 2013 3:46 pm
OLYMPIA, Wash. – Card-holding medical marijuana patients would get protection from arrest under a proposal in the Washington legislature. But some industry insiders say it doesn’t go far enough. That was their message Monday at a state Senate hearing.
By the end of this year, the production and use of recreational marijuana in Washington will be regulated and taxed. That’s because of voter-approved Initiative 502. But medical marijuana – also voter-approved back in 1998 – is largely unregulated.
Originally published on Thu January 31, 2013 5:32 pm
As Washington moves to legalize marijuana, there are fresh concerns that a parallel market for pot will continue to flourish. It’s not quite a black market. Let’s call it a “grey” market – for medical marijuana. The question now: how will highly taxed and regulated pot compete with largely unregulated medical marijuana?
Today investors from around the world are convening to discuss investments in cannabis-related products. The ArcView Group, a San Francisco investment consulting company, is hosting the meeting. And this time, the focus won't be on the growth and sale of marijuana. Instead, it's about all the other related products: lights for growing, portable cases for joints, etc. Ross talks to Roy Kaufman from ArcView for details.
A coalition of law enforcement officers, judges, prosecutors and federal agents have signed a letter asking US Attorney general Eric Holder not to interfere with Washington and Colorado’s new legal marijuana laws.
The letter to Eric Holder was organized by the group Law Enforcement Against Prohibition, otherwise known as LEAP.
The communication asks Attorney General Holder to respect the will of the people of Washington and Colorado. Both states passed laws legalizing recreational use of marijuana by roughly a 55 percent majority.