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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THOUSANDS MARCH FOR LEGAL POT IN CHILE: ARE WE STARTING A REVOLUTION?
The fight to legalize weed is being conducted all over the world. Last week, 8,000 people took to Santiago’s streets to support legalization of the consumption and cultivation of marijuana, currently classed as a “class-A”hard drug in Chile. They were peaceful, boisterous, and had banners than would make soccer fans envious. Most upsetting to the great citizens of Chili? Their neighbor, Uruguay, has already given pot the green light and is having a really good time….
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Presidential Candidate in Favor of Legalized Weed!
Gov. Gary Johnson (New Mexico, 1995-2005) is not only the highest-ranking Presidential candidate to ever come out in favor of the legalization of marijuana, he’s also CEO of a new company called Cannabis Sativa Inc. The ex-governor has a refreshing conversation with Higher Ground host Michael Stusser about the benefits of gangja, his bold predictions for the future, and a new way to get….Hi!
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Here’s the Weed Law In Every Damn Legal State
Alaska
Law: Measure 2 (52.15%)
Year Passed: 2014
Date Implemented: February 24th, 2015
Age Requirement: 21
Administrative Agency: Marijuana Control Board
Tax Structure: $50 per ounce on all marijuana sold by wholesale cultivation facilities, additional local taxes expected
Recreational Outlets: No, expected to open Spring 2016
Possession Limit: 1 oz, and all marijuana from a grow, at the location of that grow
Home Cultivation: 6 plants, with only 3 in flowering stage at a time
Transport: 1 oz.Colorado
Law: Amendment 64 (55.3%)
Year Passed: 2012
Date Implemented: January 1st, 2014
Age Requirement: 21
Administrative Agency: Department of Revenue, Marijuana Enforcement Division (MED)
Tax Structure: 15% on grower, 10% special sales tax, 2.9% standard sales tax, additional local taxes may apply
Recreational Retail Outlets: Yes
Possession Limit: 1 oz, non-residents of Colorado 0.25 oz
Home Cultivation: 6 plants, with only 3 in flowering stage at a time
Transport: 1 oz, open container law appliesOregon
Law: Measure 91 (56.1%)
Year Passed: 2014
Date Implemented: July 1st, 2015
Age Requirement: 21
Administrative Agency: Oregon Liquor Control Commission
Tax Structure: 17% sales tax
Recreational Retail Outlets: MMJ dispensaries to begin selling recreational October 2015 via Senate Bill 460. Possession Limit: 8 oz at home, 1 oz outside, 1 lb solid edibles, 72 oz liquid, 1 oz extract (concentrates)
Home Cultivation: 4 plants
Transport: 1 oz within state lines, Non-flowering plantsWashington
Law: Initiative 502 (55.7%)
Year Passed: 2012
Date Implemented: July 8th, 2014
Age Requirement: 21
Administrative Agency: Washington State Liquor Control Board
Tax Structure: 25% at all stages, grower, processer, retailer and customer, plus normal sales taxes
Recreational Retail Outlets: Yes
Possession Limit: 1 oz marijuana, 16 oz of marijuana-infused products in edible form, and 72 oz of marijuana products in liquid form
Home Cultivation: No
Transport: 1 ozWashington D.C. (formally District of Columbia)
Law: Initiative 71 (64.8%)
Year Passed: 2014
Date Implemented: February 26, 2015
Age Requirement: 21
Administrative Agency: None
Tax Structure: None, retail & sale is still illegal
Recreational Retail Outlets: No
Possession Limit: 2 oz
Home Cultivation: 6 plants, with only 3 in flowering stage at a time
Transport: 2 oz
Alaska
Law: Measure 2 (52.15%)
Year Passed: 2014
Date Implemented: February 24th, 2015
Age Requirement: 21
Administrative Agency: Marijuana Control Board
Tax Structure: $50 per ounce on all marijuana sold by wholesale cultivation facilities, additional local taxes expected
Recreational Outlets: No, expected to open Spring 2016
Possession Limit: 1 oz, and all marijuana from a grow, at the location of that grow
Home Cultivation: 6 plants, with only 3 in flowering stage at a time
Transport: 1 oz.Colorado
Law: Amendment 64 (55.3%)
Year Passed: 2012
Date Implemented: January 1st, 2014
Age Requirement: 21
Administrative Agency: Department of Revenue, Marijuana Enforcement Division (MED)
Tax Structure: 15% on grower, 10% special sales tax, 2.9% standard sales tax, additional local taxes may apply
Recreational Retail Outlets: Yes
Possession Limit: 1 oz, non-residents of Colorado 0.25 oz
Home Cultivation: 6 plants, with only 3 in flowering stage at a time
Transport: 1 oz, open container law appliesOregon
Law: Measure 91 (56.1%)
Year Passed: 2014
Date Implemented: July 1st, 2015
Age Requirement: 21
Administrative Agency: Oregon Liquor Control Commission
Tax Structure: 17% sales tax
Recreational Retail Outlets: No; Still illegal to buy or sell. Outlets expected 2016 – MMJ dispensaries may begin selling recreational October 2015 if Senate Bill 460 is signed into law.
Possession Limit: 8 oz at home, 1 oz outside, 1 lb solid edibles, 72 oz liquid, 1 oz extract (concentrates)
Home Cultivation: 4 plants
Transport: 1 oz within state lines, Non-flowering plantsWashington
Law: Initiative 502 (55.7%)
Year Passed: 2012
Date Implemented: July 8th, 2014
Age Requirement: 21
Administrative Agency: Washington State Liquor Control Board
Tax Structure: 25% at all stages, grower, processer, retailer and customer, plus normal sales taxes
Recreational Retail Outlets: Yes
Possession Limit: 1 oz marijuana, 16 oz of marijuana-infused products in edible form, and 72 oz of marijuana products in liquid form
Home Cultivation: No
Transport: 1 ozWashington D.C. (formally District of Columbia)
Law: Initiative 71 (64.8%)
Year Passed: 2014
Date Implemented: February 26, 2015
Age Requirement: 21
Administrative Agency: None
Tax Structure: None, retail & sale is still illegal
Recreational Retail Outlets: No
Possession Limit: 2 oz
Home Cultivation: 6 plants, with only 3 in flowering stage at a time
Transport: 2 ozThanks to Smoker’s Guide for their in-depth research.
