We got our hands on a new cold-brewed coffee that’s infused with THC, and let’s just say, we’re flyin’ high!
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The Votes Are IN: Prohibition On the Way OUT
Alaska? YES! Oregon? YES! Washington DC? YES! Guam? YES? Higher Ground? YES!And while the referendum in Florida did not pass, let us give you some good news from the Sunshine State (where 58% of the voters supported medical marijuana initiative!). The issue brought out young voters, and they supported the measure big-time. Politicians from BOTH parties must now pay serious attention to States where marijuana is on the ballot, as young citizens will flood to the polls, and paying attention to geriatric politicians and other progressive causes as they vote on various important issues.
November brought a significant set of votes and victories. And once California joins the recreational realm in November of 2016 (after pioneering the medical dispensary vote in 1996), the catnip will be out of the bag. It’s a long ride, and looking up for the legalization movement.
For further analysis on the elections, votes on decriminalization, and future of legalization, here are the 5 fab articles on the subject.
http://www.cbsnews.com/news/2014-midterm-elections-marijuana-okd-in-alaska-oregon-washington-dc/
http://www.motherjones.com/mojo/2014/11/proposition-47-california-prisons-nonviolent
http://m.motherjones.com/politics/2014/11/map-united-states-legal-marijuana-2014-2016
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The Tax Revenue From Legalize Weed Is Pouring Into Colorado
(Denver Post) Colorado recorded its biggest recreational marijuana tax haul yet in April, topping more than $3.5 million in sales and excise taxes, according to numbers released Monday.
In all, the state’s recreational marijuana stores sold more than $22 million worth of product in April, likely boosted by the 4/20 marijuana holiday that brought hundreds of cannabis tourists to town. Overall, though, medical marijuana sales continued to outpace recreational sales, with lower-taxed medical-marijuana stores doing more than $31 million in sales during the month.
So far this year, Colorado has brought in nearly $11 million in sales and excise taxes on recreational marijuana. The total take of recreation and medical marijuana taxes and fees is nearly $18 million.
The new numbers were released on the same day that marijuana activists announced plans to sue the state over recreational pot taxes. According to a copy of the lawsuit sent to the media, the activists argue that the taxes are unconstitutionally high.
Shoppers at recreational marijuana stores pay 12.9 percent in general and special state sales taxes, as well as a 15 percent excise tax that is applied at the wholesale level.
The lawsuit argues those rates violate the constitutional provision voters approved in 2012, which specified that recreational marijuana should be taxed “in a manner similar to alcohol.” The activists say alcohol taxes are much lower.
Attorney Rob Corry, who is representing the activists, said he filed the lawsuit Monday.
More marijuana dispensaries continue to open. As of June 3, more than 200 marijuana dispensaries were licensed, according to the state Department of Revenue. That’s about half of the more than 500 total shops statewide that are eligible to obtain a retail marijuana sales license.
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FOUR GANJA STOCKS THAT MAY BE WINNERS (OR YOU COULD LOSE IT ALL)
Let’s face it: someone is gonna hit it big in the legalized marijuana business. The question is who, when, and will you be along for the ride. We here at Higher Ground in no way suggest you put your hard-earned money into Marijuana stocks. (In fact, the Stock Market in general seems quite the crap-shoot). But that doesn’t mean we’re not paying attention….
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