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 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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IN LEGALIZING IT FOR THE MASSES, WE SEEMED TO HAVE SCREWED THE MEDICAL MARIJUANA PEEPS
The lazy-ass staff at Higher Ground would like to thank Steve Elliot and the Seattle Weekly for their excellent coverage of the ongoing trials and tribulations regarding the legalization of marijuana in Washington State. Steve Elliott edits Toke Signals, tokesignals.com, an irreverent, independent blog of cannabis news, views, and information.
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HERSHEY SUES EDIBLE MARIJUANA CO. OVER EDIBLES (AND REEFERS PEANUT BUTTER CUPS)
(Washington Post)
The Hershey Co. has filed a trademark suit against an edible marijuana company for selling weed-infused snacks with packaging that mimics some of Hershey’s signature candies.
In the lawsuit, filed last week in U.S. District Court in Denver, Hershey claims that the Colorado-based medical marijuana manufacturer Tincture Belle is selling products that look suspiciously like its Reese’s, Heath, Almond Joy and York Peppermint Pattie brands.
Not only are the products packaged in similar colors as the Hershey originals, the candy-making giant contends, their names are also reminiscent of their analogs: Hashees, Hasheath, Ganja Joy and Dabby Patty.
Hershey says that the packaging is not only a clear trademark violation, but also a safety risk to consumers — especially children — “who may not distinguish between Hershey’s candy products and defendants’ cannabis- and/or tetrahydrocannabinol-based products.”
Although recreational and medicinal marijuana sales are legal in Colorado, the burgeoning edible pot industry has raised some safety concerns.
In April, a Denver teen plunged off a balcony after eating six times the recommended amount of a marijuana brownie. And another man was accused of killing his wife in a hallucinatory episode after eating marijuana candy and rolling a joint, according to CBS News.
New York Times columnist Maureen Dowd’s own encounter with a caramel-chocolate flavored candy bar prompted her to argue in her column for greater regulation of the edibles industry.
It appears that Tincture Belle’s Web site and Facebook page are down. But according to the Associated Press, the products can be found in Colorado’s pot shops and medical marijuana dispensaries.
According to Tincture Belle, their pot products are gluten-free, vegan, sugar-free, GMO-free and peanut-free — although they do come with a hint of imitation.
(Thanks to Abby Philip for original post in Washington Post)
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