The top 5 weed news stories of the week of 9/11/15
1. California on the Verge of Regulating Medical Cannabis Industry
California lawmakers announced that they had reached an agreement with Governor Jerry Brown on a series of bills to reign in the state’s unregulated cannabis industry. Despite the fact that CA was the first U.S. state to allow the medical use of cannabis in 1996, it has never been properly regulated, resulting in countless raids and continuous federal intervention. The new bills would establish a new division of the Department of Consumer Affairs to license and regulate the industry, the Bureau of Medical Marijuana Regulation (BMMR).
[Full Story: Los Angeles Times]
2. Epileptic Girl in Mexico Gains Access to CBD Oil
An eight-year old girl in Monterrey, Mexico was granted permission by the Mexican government to import cannabis oil to treat epilepsy. Grace Elizade’s parents, asked the government to allow them to import non-psychoactive cannabidiol oil that has gained wide-spread popularity in the U.S. Earlier this week, the government approved the request, saying they would facilitate the import of GW Pharmaceuticals’ Epidiolex for Grace.
[Full Story: MassRoots]
3. Alaskan Officials Debate Handling of Cannabis Tax Revenue
Since legalizing recreational cannabis in 2014, Alaskan officials have proceeded cautiously with implementations. Recently, the state estimated a potential $19M in tax revenue from legally purchased cannabis. The state is currently debating how to handle this revenue, as it is likely to be mostly paid in cash.
[Full Story: Whaxy]
4. First NYC Dispensary Set to open in January near Union Square
After New York officials announced the winners of the state’s highly competitive application process for dispensary licenses in July, one of the five winners is planning to open in New York City in January 2016. The dispensary, run by Columbia Care, will be on 14th Street between Second and Third Avenues. New York’s medical program is interesting in that patients will not be able to purchase smokeable cannabis products. Only oils and liquid tinctures are approved by the New York Department of Health.
[Full Story: NBC News]
5. Colorado Cannabis Consumers get One Day Tax-Break
Cannabis consumers and businesses in Colorado are gearing up for a one-day tax break on September 16. The tax holiday is the result of the state’s unusual Taxpayer’s Bill of Rights (TABOR). The law requires voter approval for new taxes, which is why Proposition AA (recreational marijuana taxes) was passed in 2013, independently of Amendment 64. TABOR also requires excess, unearmarked tax revenue to be refunded to taxpayers and the tax rates to be reset to zero (excluding standard 2.9 percent state sales tax).
[Full Story: The Cannabist]