This is a big week for the cannabis industry, which has become a very big business in Colorado. Three important events and expos will gather in Denver; keep reading for the details on these confabs and conventions, as well as more upcoming events.
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Which states will be the next to legalize recreational marijuana? Five states have ballot measures that, if passed, would allow the use of recreational pot. Here’s a rundown of the latest polling:
Arizona: Too close to call
44 percent for, 45 percent against
Arizona State University’s Morrison Institute of Public Policy and ASU’s Walter Cronkite School of Journalism and Mass Communication teamed up with theArizona Republic to sponsor a poll on Proposition 205 that was published the first week of September. The poll indicated that 50 percent of voters favor Prop 205 and only 39.9 percent oppose it. Ten percent were undecided at the time.
It could be a rare chance for ordinary investors to buy into the Green Rush.
Here’s your daily round-up of pot-news, excerpted from the newsletter WeedWeek. Download WeedWeek’s free 2016 election guide here.
Innovative Industrial Properties, a cannabis Real Estate Investment Trust (REIT), filed to go public on the New York Stock Exchange. Led by experienced real estate executives, it plans to sell $175M worth of shares. The deal is the first of its kind.
She doesn’t seem very enthusiastic about full legalization though.
Here’s your daily round-up of pot-news, excerpted from the newsletter WeedWeek. Download WeedWeek’s free 2016 election guide here.
A document preparing Hillary Clinton for her primary debates and released by WIkiLeaks suggests that as President she would continue President Obama’s hands-off policy towards state-legal marijuana industries, as long as they follow broad federal guidelines. Her talking points also suggest some openness to industry banking. (See page 97 of the document for more details.)
The shooting last weekend of two teens who allegedly tried to heist marijuana plants from a backyard grow in the Whittier neighborhood, which left one fifteen-year-old dead and a fourteen-year-old boy critically injured, is hardly the first bit of mayhem in Colorado over a pot grow, legal or otherwise, and it probably won’t be the last.
It’s just a matter of time until the nation embraces recreational use of marijuana, according to a Gallup studyreleased Wednesday morning.
America’s passed the halfway mark!
On October 11, Pew Research reported that 57 percent of Americans think that marijuana should be made legal, while 37 percent think it should remain illegal. Just a decade ago, the country polled nearly the opposite way, with 60 percent opposed and 32 percent in favor of legalization.
“Don’t repeat our terrible mistake.”
These words are delivered in extremely dour fashion by former Denver mayor Wellington Webb in a new commercial opposing Proposition 205, an Arizona measure to legalize limited recreational marijuana sales in that state. The proposition is clearly modeled on Colorado’s Amendment 64, passed here in 2012; it even uses the slogan “Regulate marijuana like alcohol.” And Webb isn’t the only Colorado political noteworthy to speak out against it in the Arizona ad. Also talking about marijuana legalization using ultra-negative terms is onetime Colorado governor Bill Owens, whose image is juxtaposed with the shot above of marijuana edibles made to look like typical candy bars, presumably in an attempt to lure unsuspecting children into taking a bite.
Arrests for possession are ongoing even in legal states.
Here’s your daily round-up of pot-news, excerpted from the newsletter WeedWeek. Download WeedWeek’s free 2016 election guide here.
A study from the ACLU and Human Rights Watch found that more people are arrested for pot possession in the U.S. than for all violent crimes combined. See the report here.
Arizona’s REC debate has led to questions about how drug smugglers would adapt. REC supporters say traffickers will lose business. Opponents say they’ll switch to selling heroin and crystal meth.
Cities and counties across Colorado have ballot measures related to marijuana regulation. Many of them involve adding additional sales taxes or excise taxes, which are paid when unprocessed marijuana is sold or transferred from a cultivation facility or site to a retail store, manufacturing facility or another facility. But there are also measures that would allow — or ban — the sale of marijuana altogether.
The towns of Palisade, Dinosaur and Englewood are considering allowing retail stores within town limits, while Pueblo voters will decide whether to ban all retail marijuana sales and production in Pueblo County. The only marijuana-related measure on Denver’s ballot concerns public marijuana use in designated areas. Here are the details, county by county: