Tag Archives: marijuana legalization

Is Legal Weed Hurting the Restaurant Industry?

Colorado’s restaurants are feeling the pinch

How a Federal Crackdown on Marijuana Could Affect Mexican Cartels

President Donald Trump campaigned on making the United States “great again,” but if his administration follows through on a threat to crack down on legal marijuana, it’s Mexican drug cartels that could be restored to their former glory.

TOM ANGELL – MARIJUANA.COM

White House Press Secretary Sean Spicer said Thursday that states with legal recreational marijuana will likely “see greater enforcement” of federal laws, which prohibit all use of cannabis. Spicer’s statements echo what Attorney General Jeff Sessions said during his confirmation hearings: “It is not so much the attorney general’s job to decide what laws to enforce. We should do our job and enforce laws effectively as we are able.”

The Department of Justice declined to comment.

Eight states and the District of Columbia currently allow the retail sale of marijuana for recreational use, all thanks to voter referendums.

In Colorado, where in 2012 voters were the first in the nation to back retail sales, the marijuana industry generated over $1.3 billion in revenue last year, adding about $200 million in taxes to the state’s coffers. In California, the first state to legalize the medical use of cannabis, marijuana has become the state’s leading agricultural commodity, according to the Orange County Register, which estimated its value at $23.3 billion — even before voters legalized recreational sales last November.

Most people think that’s a good thing. A poll released Thursday by Quinnipiac University found a majority of the U.S. public now supports marijuana legalization, and 71 percent oppose a federal crack down on states that have legalized it already.

The rise of the homegrown weed industry has come at a cost, though: In 2016, U.S. Border Patrol reported that “marijuana seizures along the southwest border tumbled to their lowest level in at least a decade,” The Washington Post reported. Between 2011 and 2015, seizures dropped 39 percent, according to Fortune.

Read Full – http://www.attn.com/stories/15170/how-president-trump-could-affect-mexican-drug-cartel

Legal Weed Is Hurting Beer Sales

It would appear that citizens of states with legal marijuana are switching out their beers for joints: A study from research firm Cowen & Company into the beer industries of Washington, Oregon, and Colorado asserts that those states’ beer industries are “underperforming.”

Craft beer industry news site BrewBound has some of the report’s details. “Domestic brewers” (that is, Big Beer) have seen the largest drops, with so-called premium brews (Coors Light, Bud Light) going down 4.4 percent in terms of the volume being sold. Economy brews (the regular, “non-fancy” forms of mainstream beers such as Budweiser or Coors) fell 2.4 percent.

Craft beer isn’t totally immune. The report suggests craft beer continues to grow in these three states (all of which are known for their robust microbrewing scenes), but those smaller breweries aren’t doing as well as their peers in other parts of the nation. However, the U.S. craft brewing scene was already slowing down, so that’s not entirely the fault of cannabis.

The epicenter of this trading-beer-for-weed phenomenon has been Denver, where beer volumes dropped by 6.4 percent Strangely, the report notes that import beers are relatively unaffected, indicating that lighting up a joint and drinking a Corona may be a more popular pastime.

Since only three states were studied this perhaps isn’t the most definitive look into the trend — but as marijuana goes on sale in several more states in the near future, there will be plenty of opportunities to see what legal weed might do to the beer industry.

sourced from – http://www.eater.com/2016/12/5/13847656/legal-pot-beer-sales-down

Celebrity Mad Dash to Supply Legal Grass

Arizona Drug Firm Insys Makes Synthetic Pot Compound, Spends Big to Defeat Legal Pot

THURSDAY, SEPTEMBER 8, 2016 AT 2:53 P.M.
A Chandler-based drug firm under investigation for its aggressive sales of a lethal painkiller claims that the large donation it made to a group that opposes marijuana legalization was an attempt to protect the public’s safety.
A Chandler-based drug firm under investigation for its aggressive sales of a lethal painkiller claims that the large donation it made to a group that opposes marijuana legalization was an attempt to protect the public’s safety.
A Chandler-based drug firm under investigation for its aggressive sales of a lethal painkiller claims that the large donation it made to a group that opposes marijuana legalization was an attempt to protect the public’s safety.
Prop 205 “fails to protect the safety of Arizona’s citizens, and particularly its children,” according to a statement Insys provided to New Times on Thursday in response to a message left for CEO John Kapoor. “Our stance is consistent with our company’s goals. We strive to develop pharmaceutical products for the supportive care of patients while taking patient safety very seriously. To that end, we believe that all available medicines should meet the clinical standards set by the FDA.”
Yet while Insys holds itself out as the savior of Arizonans’ health, the company is reportedly under investigation in four states, including Arizona, for marketing practices related to Subsys that have allegedly resulted in patient deaths.