Report: Legalizing Cannabis Would Create A $35 Billion Industry In The U.S.

A new report released by GreenWave Advisers has detailed a calculated prediction about the future of the legal cannabis marijuana-money-live-trading-newsindustry – and the numbers are huge.

According to the report, if cannabis was legalized on a federal level in the United States by the year 2020, the recreational and medical market combined in all 50 states would be valued at around $35 billion annually.

The analysis concludes that change in federal law is expected, due to the continued efforts of lawmakers pushing various pieces of legislation to ease current laws, the benefits of medical cannabis becoming better understood, the positive economic impact becoming more recognized and according to the report, the most important factor: public support in favor of legalization is growing.

Read moreReport: Legalizing Cannabis Would Create A $35 Billion Industry In The U.S.

New Bill Filed in Nebraska to Legalize Hemp

Nebraska State Senator Norman Wallman has introduced a new measure, Legislative Bill 1hemp-harvest001, that would effectively legalize the cultivation and sales of hemp by removing it from the Uniform Controlled Substances Act, where it currently resides as a Schedule 1 drug, classified along with the rest of the cannabis plant. The measure has been referred to the Judiciary Committee of the Nebraska State Legislature, and, having already received its first hearing, awaits receival of a vote.

Read moreNew Bill Filed in Nebraska to Legalize Hemp

New RAND Report Reveals Predictions of Washington Cannabis Consumption for 2013 Not Even Close

A new report released from the RAND Drug Policy Research Center has found that past projections of cannabis consumptionstock2 in Washington for 2013 fell short – by hundreds of thousands of pounds.

The report estimates the weight of cannabis consumed in Washington in 2013 based on data collected from existing household surveys and a new web-based consumption survey, and the results indicate that previous projections of Washington’s consumption rate for 2013 reflected less than half of actual consumption for the year:

Read moreNew RAND Report Reveals Predictions of Washington Cannabis Consumption for 2013 Not Even Close

Uruguay Legalizes Recreational Cannabis

Uruguay has officially become the first country in the world to legalize recreational cannabis.

uruguayToday, the Uruguay Senate approved a cannabis legalization proposal – with a vote of 16 to 13 – which has already been approved by the nation’s House of Representatives. It now heads directly to President José Mujica for final consideration. Mujica introduced the bill, and has said that he will quickly sign it into law. The proposal will take effect 120 days after it’s signed.

Read moreUruguay Legalizes Recreational Cannabis

New Poll: Majority of Colorado Residents Remain in Support of Legalized Cannabis

A new Quinnipiac University poll has found that a majority of Colorado residents remain in support of the state’s recently-approved constitutional amendmentsaved11 which legalized cannabis for adults. 54% are in favor of the new law, with 41% being in opposition; these numbers mirror results from last November’s election.

The poll also asked participants whether or not they thought the new law would “create drug abuse problems”, and found that a majority – 55% to 42% – believe that it won’t. It was also found that 51% of the state’s residents have consumed cannabis, and 15% plan to consume it once recreational sales begin next year.

Read moreNew Poll: Majority of Colorado Residents Remain in Support of Legalized Cannabis

Denver Council Rejects Proposals to Further Restrict Recreational Cannabis, Approves 3.5% Tax

This evening Denver’s City Council finally came to agreement on a tax rate for recreational cannabis,bill-gives-states-marijuana-tax-power-thcf which will be set at 3.5%. During the same meeting, the council rejected two proposals to further restrict recreational cannabis outlets.

Under one of the rejected proposals – which failed by one vote – cannabis retail outlets would have been prohibited from ever moving locations. The second rejected proposal – which failed 5 to 8 – would have prohibited recreational cannabis stores from being located within 2,500 feet from a school, a move which some council members argued would be an “effective ban”.

Read moreDenver Council Rejects Proposals to Further Restrict Recreational Cannabis, Approves 3.5% Tax

81% in Oregon Believe Marijuana Legalization to be Inevitable, Says New Poll

Recently lawmakers approved a measure legalizing marijuana for adults, sending it through its initial committee with a strong 6-3 vote.cannabis6small

New polling released Friday indicates that the public is in support of such a move, and the majority of those who aren’t still see it as an inevitability.

The polling, which was conducted by DHM Research and initiated by New Approach Oregon, found that 50%, compared to 45%, support the idea of legalizing marijuana for adults.

Read more81% in Oregon Believe Marijuana Legalization to be Inevitable, Says New Poll

Oregon’s Largest Newspaper Comes Out in Support of Legalization Measure

Yesterday The Oregonian, the largest media outlet in Oregon, called on lawmakers to support House Bill 3371, a measure which would legalize marijuana for adults. The bill recently passed out of its initial committee, the House Judiciary Committee, with a a vote of 6-3.33455021_30630b685e_z-300x225

According to the editorial, “Many Oregonians believe legalization is on the way, according to a recent poll commissioned by New Approach Oregon. An astounding 81 percent of likely voters told pollsters that pot will be legal here “sooner or later.” A more modest, but still noteworthy, 50 percent of those polled support legalization, according to Davis, Hibbitts & Midghall, which conducted the survey.”

Read moreOregon’s Largest Newspaper Comes Out in Support of Legalization Measure

New Poll: 52% of Americans Support Legalizing Marijuana

In a comprehensive new set of polling released today by the respected Pew Research Institute, it was found that, for the first time in over four decades of annual polling, a majority of Americans sugood-weedpport legalization. According to Pew’s official press release, it’s noted that “Support for legalizing marijuana has risen 11 points since 2010.” 52% are said to be in support of legalization, which just 45% in opposition.

On top of this support, there’s even further support for having the feds back off of their war on marijuana. 72% believe that the federal government’s enforcement of marijuana laws costs more than it’s worth, and 60% believe that they should leave states that legalize marijuana alone entirely.

Read moreNew Poll: 52% of Americans Support Legalizing Marijuana

New Medical Marijuana App Coming to iTunes: Connects Patients to Growers

Cannabis has reached a new level of technological convenience; an app to connect cannabis consumers directly to growers in California.phoneaP

The “Ganjavous” app will allow growers to post pictures and prices of their product for patients to browse, and allows customers to write reviews on the products.

According to their website:

“Listings can be filtered based on type, quantity, price and distance so you can easily find what you are looking for. Each user account and product listing has a rating system attached to it. The community rating system will let you know who to avoid and who to connect with. User accounts remain completely anonymous. When you’re ready, you can share as much or as little information as you want with other users that you add to your collective.”

Read moreNew Medical Marijuana App Coming to iTunes: Connects Patients to Growers