Archive for category Business & Finance

Infographic of Marijuanas Effects on the American Economy

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What is True Cost of Marijuana Legalization?

Marijuana is by some estimates California’s largest cash crop, bringing in more than twice the revenue of vegetables, yet we don’t tax this green. Legalizing and taxing pot could provide $1.3 billion to help our hemorrhaging economy, but it might also lead to additional problems and undermine anti-drug efforts.

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Legalizing Marijuana: The Golden States Pot Of Gold?

This week, a ballot initiative to legalize marijuana possession by adults qualified for the California ballot. The Regulate, Control and Tax Cannabis Act of 2010 is coming up for a vote. It’s becoming obvious that unlike failed legalization initiatives in the past (of which CA has had at least two), the debate will this time center around money.

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Medical marijuana users risk job loss

When a rare form of cancer invaded Joseph Casias’ nasal cavity and his brain, his doctor prescribed marijuana to help alleviate the daily pain. But his employer, Wal-Mart, the nation’s largest retailer, fired him in November 2009 after he failed a drug test. Casias, 29, says he never came to work high. He’s got a medical marijuana card to prove…

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$8K Bag of Weed Found in Goodwill Donation Bin

One of the hallmarks of marijuana culture is the willingness of tokers to share their supply with others. But an incident in Boulder yesterday takes that generosity to a whole new level.

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Money Lost Due to America’s Morality Police (Infographic)

There is a price to be paid for morality. Laws prohibiting alcohol, marijuana, same-sex marriages and gambling which promote community morals and standards also have another effect — a major loss of revenue from sales and taxes.

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Are We Losing Out by Not Legalizing Marijuana? (Infographic)

Pot proponents will tell you that there are plenty of financial benefits to the country, and as we found out, they might be right.

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CBS rejects NORML ad….

CBS has refused to sell advertising space to NORML for an ad they wanted to run on the digital billboard located in Times Square. Their reason for rejecting the pro-marijuana ad??? It was “too political’.

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Huffng Post: Businesses Should Stay on Marijuana’s Good Side

It seems like more and more big businesses are beginning to realize the importance of staying on the good side of those who support marijuana reform. And rightly so. Sooner or later, these companies will come to realize that they must respect the fact that marijuana consumers and supporters of reform are everywhere.

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America’s First Marijuana Superstore Opens In East Oakland

This place is amazing. It is being called the Walmart of Weed. They sell everything related to weed that you might need, except the weed itself.

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New Jersey passes nation’s toughest medical marijuana law

By a vote of 48 to 14 in the state’s assembly on Monday, New Jersey became the 14th state in the union to make legal accommodations for the use of medical marijuana. … However, California this is not.

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Tax the Pot

100 million Americans have used marijuana in their lives, 25mil in the past year, and 15mil in the past month. Prohibition has failed for 72 years to eradicate or even stifle marijuana use among the American public.

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Mother Nature is My Cannabis Middleman

A friend of mine (who shall go unnamed) recently harvested about a half a pound of quality marijuana from his backyard. He grew it from some seeds he got for free, watered it regularly and after a few months, had enough to last him through next harvest. As far as medicine/drugs goes, all pharmaceuticals cost money. Research, testing, marketing, etc

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Medical Marijuana Millionaires Are Turning to Philanthropy

The popularity of pot clubs in the Bay Area has led to a burgeoning crop of medical marijuana millionaires. Call them the ganja riche. Like many of their nouveaux predecessors, they are trying to figure out what to do with their cash. Some are giving to charity, but you will not see any fanfare or buildings named in their honor. Medicinal marijuana

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Prescription pot does not fly at employee screenings

It could be the classic quandary for a company: They want to hire a new employee but the person has failed a pre-employment drug test. Then he or she produces a legally obtained prescription to use marijuana.

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Marijuana Potency Testing Business Thrives in Colorado

I want to work there.

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New Orleans as Marijuana Mecca

Legal weed in the Big Easy? What a genius idea! One of the 12 candidates running for mayor of New Orleans is Jerry Jacobs, running on a platform of Social Change, and some say a long-shot to win but he’s put forward a great plan: Legalize Marijuana, to reduce crime and increase sales tax, in an attempt to triage the city’s budget crisis….

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Los Angeles to close hundreds of medical marijuana shops

In a significant blow to medical marijuana caregivers in Los Angeles, the city council voted Tuesday to limit the number of allowed dispensaries to just 70, forcing hundreds of shops out of business.

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8 of the Craziest Illegal Tax Deductions Ever

#3. Your marijuana crop might be a business expense, but it’s not legitimate – One entrepreneur who listed his crop of marijuana as a deductible business expense, his good intentions quickly turned into a rude awakening. Apparently the U.S. government doesn’t want your tax dollars when they can just arrest you and seize your property instead.

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Marijuana’s Multiplier Effect

When It Comes to the Local Economy, Pot Is Potent. Were you wondering why your favorite supermarket was totally out of Reynolds Turkey-Size Oven Bags–in October? Or why every single pair of those handy little spring-loaded Fiskars shears were gone all of a sudden at your neighborhood crafts store? Here’s a clue: marijuana harvest season.

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