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Photo: CNBC
Trish Regan, CNBC: “The government stands to make a lot of money in the marijuana business thanks to the tax revenue and licensing fees it generates”

​CNBC correspondent Trish Regan will take viewers back inside the booming marijuana industry on Wednesday night with the one-hour documentary Marijuana USA, looking at the world’s most commonly used illegal substance as it becomes part of the mainstream.

The Emmy-nominated Regan travels the country in this followup to CNBC’s Marijuana Inc., which was the most viewed documentary in CNBC history, and finds that in many places, marijuana has already shed its back-alley stigma.
Toke of the Town was able to catch up with the busy Regan and ask her a few questions.
Toke: What is the biggest misconception most Americans have about the marijuana business?
Regan: A lot of people assume the marijuana industry is filled with stoners and ex-hippies just trying to make a little cash.
This group exists; however, the marijuana business has gone far beyond “a little extra cash.” It’s a $100 billion industry and it’s now being dominated by a host of young, savvy entrepreneurs that are willing to risk it all for their chance to be on the front lines of America’s new green rush.

One of the biggest cannatech raises to date.

Here’s your daily round-up of pot-news, excerpted from the newsletter WeedWeek. Download WeedWeek’s free 2016 election guide here.

Delivery service Eaze raised $13M from venture capitalists including the Winklevoss Brothers.

Cannabis has a $2.4 billion economic impact in Colorado, according to a report from the Marijuana Policy Group. It predicts that sales in the state will plateau at $1.5 billion in 2020. The industry has created18,000 jobs in the state (not all of them directly) and is bigger than Colorado’s craft beer industry.

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.

The company applied to trade on NASDAQ earlier this year but was rejected.

Here’s your daily round-up of pot-news, excerpted from the newsletter WeedWeek. Download WeedWeek’s free 2016 election guide here.

Social network MassRoots, defaulted on almost $1 million in debt payments and laid off about 40% of its staff, according to SEC filings. This week Chairman and CEO Isaac Dietrich, wrote an upbeat letter to shareholders that did not reference either setback. The company has raised more than $5 million.

it’s another security concern dispensaries face.

The following is excerpted from the newsletter WeedWeek. Get your free and confidential subscription at WeedWeek.net.

Ryan Kunkel, owner of Seattle dispensary Have A Heart alleges that a recent robbery was an inside job.

Mexican police executed more than 42 suspected gang members on a ranch last year.

The Justice Department said it would stop using private prisons on grounds that they’re more dangerous and less well run than public prisons. The move does not apply to most prisoners in the country, who are incarcerated under state laws.

www.leafly.com/ny


As advertising executives across the country pull what’s left of their hair out trying to sell enough adspace to keep main stream print media from completely going under, the one major money market that they have completely left untapped is medical marijuana. Until now, that is.
You may recall, it was just three short months ago when CBS pulled paid-for Weedmaps advertisements off of Times Square billboards just minutes before they were scheduled to be unveiled. But times, and opinions, are changing when it comes to weed, and now the New York Times has announced that it will run the publication’s first full page advertisement for what they refer to as the “consumer cannabis” market.

Santa Rosa Press Democrat
Mendocino County Sheriff Tom Allman: “We are, of course, supportive of legitimate medical marijuana here.”
 

Tell me what company you keep and I’ll tell you what you are.
   ~ Miguel de Cervantes, “Don Quixote de la Mancha Part II” (1615)
By Jack Rikess

Toke of the Town

Northern California Correspondent
Conventional wisdom for anyone living north of Santa Rosa is that marijuana is an integral component of California’s economy. In the beginning, growers were tolerated by the locals as misfits of society who had migrated north to avoid the world of straight jobs and or had fled to Mendo with the ‘back to the county’ movement to grow their organic beans and fruit.
Venerable local institutions such as the timber and fishing industries were leery of the young freaks with their torn jeans and rusting VW vans. Their fears were soon justified when that first generation found that there were endless acres of hidden land stashed in them there hills.
If a guy could find a secluded patch in the hills that was close to water and had sun, he had the makings of his first clandestine start-up. The Timber giants viewed the encroaching growers as threats to their land, their water, and to the political dominance that they held in NorCal since the mid-19th century. 
By the 1980s, the marijuana industry was entrenched and blooming, much to the chagrin of local law enforcement and community leaders. These former lazy rejects were driving new trucks, sending their kids to school, and buying their veggies at Safeway just like everyone else.  
Thirty years later it is estimated that cannabis industry generates around 13 billion dollars in annual sales. And that’s what is available to count. The timber industry is now a hollow trunk of its former self. The salmon and other fish populations have been so drastically depleted in the last few decades that fishermen can’t rely on their yield from season to season. Many fishing boats on the coast have gone belly up.

Grow Light Gallery

The Chicago City Council on Wednesday voted to decriminalize possession of marijuana with an overwhelming 43-2 vote. The measure was backed by Mayor Rahm Emanuel.
Under the new ordinance, police officers in Chicago, the third-largest city in the United States, can issue a written violation for possession of 15 grams or less of cannabis, rather than making an arrest, reports Reuters. People who are caught with under half an ounce of marijuana will now face fines between $250 and $500, instead of being arrested.
The measure will help raise revenue for the city, according to supporters, as well as saving money on enforcement and incarceration and freeing up police to pursue more important matters. Unfortunately, officers would still have the authority to arrest people, even for small amounts of marijuana, rather than ticket them. Does anyone really believe that a few rabidly anti-pot assholes in the police department won’t give the whole force a bad name?

The Sentence Salvo

​There are so many books relating, directly and indirectly, to the world of cannabis that it can be tough to know which ones to buy.

With a plethora of volumes on growing, using, concentrating, and cooking with cannabis, as well as tomes related to the culture and lifestyle associated with it, the reader with an adventurous streak can stock a library or fill an e-reader.
But beyond the grow books (I recommend Rosenthal, Cervantes and West) and the basic histories of marijuana (I recommend mine), books which are more about the (counter-) culture surrounding weed rather than weed itself are harder to pigeonhole and, thus, often harder to find.

Here are five of the best books on the culture of marijuana that came to our attention this year.
The Audacity of Dope by sports writer Monte Dutton is unusual in that Dutton has, until now, been well known and celebrated for his spin on NASCAR racing. Dutton’s controversial new novel features a man who becomes a hero against his own wishes.
Riley Mansfield, the lead character, isn’t a conventional hero. He writes songs for a living, smokes pot for recreation and basically just wants to live and let live. But when he foils an apparent terrorist plot he is thrust into the spotlight, which is exactly where he doesn’t want to be.
Suddenly, everyone wants a piece of the marketable new “hero,” including both major political parties. They aren’t willing to take no for an answer, partly because it’s an election year and partly because what happened on the plane may be more complicated than it appears.
Mansfield and his girl Friday, Melissa Franklin, lead the government and the Republicans on a sometimes merry, sometimes painful, sometimes lucky chase. Along the way, they stumble across some unlikely friends — a Democrat strategist, a Rolling Stone writer, a pair of sympathetic FBI agents — and also some ruthless enemies.
Theirs is a love affair of sex, drugs and country-folk set against a backdrop of political scheming, hidden agendas and an unraveling plan to keep control of the government.
The Audacity of Dope by Monte Dutton, Neverland Publishing Company LLC [2011], $16.95

Very Sherry

​Marijuana legalization is by far the top issue on the White House’s “We the People” site, leaving other online petition requests in the dust, a new review shows.

The top cannabis petition — one of many — has more than 55,000 signatures, 20,000 more than any other issue on the site, Roll Call reported on Monday.
Legalization has been the top issue on the petition site since it launched last month as a way for citizens to lobby for issues that matter the most to them, reports Ambreen Ali.
The White House hasn’t yet responded to the marijuana petition. Judging on his track record, President Obama will either belittle and giggle the issue away, or look serious and mouth meaningless platitudes about “more treatment” and “more research” while continuing to pursue his Administration’s war against both recreational and medical marijuana the people who use it.
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