Colorado has Garnered Over Half a Billion Dollars in New Revenue Since Start of Marijuana Legalization

Colorado has garnered over half a billion dollars in marijuana-related revenue since legal sales began in 2014, according to a new analysis of state data released Wednesday by Denver-based VS Strategies.

The report — which can be found by clicking here — details the sources of the revenue and provides a snapshot of how it is being distributed.

“Legalizing, regulating, and taxing marijuana for adult use has generated hundreds of millions of dollars in new revenue for Colorado,” says Mason Tvert of VS Strategies (Tvert previously worked for the Marijuana Policy Project). “Marijuana tax money has been used to improve a wide range of programs and services. It is funding everything from school construction to substance abuse treatment to fighting homelessness. While it might not fix every school or help every person who needs it, it is having a significant and positive impact on our community.”

Read moreColorado has Garnered Over Half a Billion Dollars in New Revenue Since Start of Marijuana Legalization

Nevada: Legal Marijuana Sale Begin Saturday

Legal adult marijuana sales will begin in Nevada on Saturday, making it the fifth state in U.S. where legal marijuana sales are taking place.

Marijuana StudiesBeginning at 12:01 a.m. PT, those in Nevada who are 21 and older will be able to purchase up to one ounce of marijuana or one-eighth of an ounce of marijuana-infused edibles or concentrates from licensed marijuana retail outlets. Retail marijuana sales will be subject to a 10 percent sales tax, which state officials estimate will generate more than $60 million in the first two years.

“The marijuana prohibition era is finally coming to an end in Nevada,” says Mason Tvert, director of communications for the Marijuana Policy Project (MPP), which backed Question 2, the initiative to regulate marijuana like alcohol that was approved by approximately 54.5 percent of Nevada voters in November.

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Quinnipiac Poll Finds 93% of U.S. Voters Support Legalizing Medical Marijuana

A new Quinnipiac University Poll has found that the vast majority of American voters believe that marijuana should be legal, and that the federal government should respect states’ rights.

According to the poll, an overwhelming 93% of U.S. voters believe that marijuana should be legal for medical purposes. A strong, though obviously smaller majority (59%) is in support of legalizing cannabis for all purposes.

The survey also found that 71% of voters (including a majority of Republicans, Democrats, independents, and every age group) oppose the federal government enforcing federal marijuana laws in states where the plant has been legalized.

Read moreQuinnipiac Poll Finds 93% of U.S. Voters Support Legalizing Medical Marijuana

Colorado: $1.3 Billion in Legal Cannabis Sold in 2016, Nearly $200 Million in Taxes Generated

Colorado Department of Revenue has released data showing that there was $1.3 billion in cannabis sold last year.

This resulted in almost $200 million in new tax revenue for the state. A large portion is earmarked towards school construction and funding.

“Over one billion dollars in marijuana sales that once took place in the underground market were instead conducted in regulated businesses this year”, says Mason Tvert, Marijuana Policy Project’s Communication Director. “The state received nearly $200 million in marijuana tax revenue, whereas just a decade ago it was receiving zero.”

Read moreColorado: $1.3 Billion in Legal Cannabis Sold in 2016, Nearly $200 Million in Taxes Generated

New Poll Asks Colorado Voters if they Support Repealing Amendment 64

Amendment 64According to a new poll released today by Public Policy Polling, a minority of voters in Colorado support an initiative to repeal Amendment 64, the cannabis legalization measure approved by voters in 2012. A majority of voters would reject such a repeal.

According to the poll, just 36% of voters say they support repealing Amendment 64. This is 9% lower than the percentage of voters who voted “No” on the initiative in 2012, indicating that a good portion of those who opposed the measure no longer do. The poll also found that a majority in the state – 56% – believe that legalization has has a good impact, or no impact, with just 39% saying that think it has had a negative impact.

Read moreNew Poll Asks Colorado Voters if they Support Repealing Amendment 64

DEA Makes Decision on Whether or Not to Reschedule Cannabis

deaDespite earlier reports that the DEA was set to reschedule cannabis this month, the agency has announced that they will retain cannabis as a Schedule 1 controlled substance, while easing restrictions on those wanting to research the plant.

In reaching its conclusion, the DEA says that an evaluation shows that cannabis has no ‘‘currently accepted medical use’”, noting that “the drug’s chemistry is not known and reproducible; there are no adequate safety studies; there are no adequate and well-controlled studies proving efficacy; the drug is not accepted by qualified experts; and the scientific evidence is not widely available.”

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U.S. Supreme Court Dismisses Challenge to Colorado’s Cannabis Legalization Law

coloradoIn a historic decision, the United States Supreme Court today dismissed Nebraska and Oklahoma’s lawsuit challenging Colorado’s law that allows for the legal possession, cultivation and retail distribution of cannabis.

The lawsuit against Colorado’s cannabis law was filed in December, 2014 by the attorneys general for Nebraska and Oklahoma, who argued that the state’s decision to legalize the plant was “placing stress on their criminal justice systems.” Both the state of Colorado, and the Obama Administration filed briefs urging the court to dismiss the suit.

Read moreU.S. Supreme Court Dismisses Challenge to Colorado’s Cannabis Legalization Law

Poll Finds 3 out of 4 Ohio Voters Support Legalizing Medical Cannabis

ohioApproximately three out of four Ohio voters support amending the state constitution to legalize the medical use of cannabis, according to a new poll by Public Policy Polling released today.

The survey of 672 randomly selected Ohio voters was conducted February 17-18, just as advocates are preparing to launch a campaign in support of a constitutional ballot initiative to legalize medical cannabis. It found 74% of voters in favor and only 22% opposed with a margin of error of plus or minus 3.8%.

“It’s become pretty common knowledge that marijuana can be incredibly beneficial in the treatment of a variety of medical conditions,” said Mason Tvert, a spokesperson for Ohioans for Medical Marijuana (OMM), a committee that has been formed to support the forthcoming initiative.

Read morePoll Finds 3 out of 4 Ohio Voters Support Legalizing Medical Cannabis

Bernie Sanders Introduces Bill in Senate to End Federal Cannabis Prohibition

bernie sandersSenator Bernie Sanders (D-VT), a Democratic presidential candidate, introduced a bill Wednesday that would repeal all federal penalties for growing and possessing cannabis, giving states the full freedom to decide their own cannabis laws.

The Ending Federal Marijuana Prohibition Act of 2015 would remove cannabis from the federal controlled substances list, while retaining penalties for those transporting cannabis from states or jurisdictions where it is legal to those where it is not (as cities and states would still have the ability to prohibit the plant on a local level). This is the first bill ever introduced in the U.S. Senate that would end cannabis prohibition on the federal level.

Read moreBernie Sanders Introduces Bill in Senate to End Federal Cannabis Prohibition

New Gallup Poll: 58% of Americans Support Legalizing Cannabis, Up 7% from Last Year

cannaamericaA newly released Gallup poll has found that 58% of adults in the U.S. believe that cannabis should be made legal, up from 51% the last time the question was asked by Gallup in October, 2014.

According to the poll of 10,015 people conducted between October 7-11 with a margin of error of plus or minus 4%, just 40% of adults in the U.S. oppose the legalization of recreational cannabis.

Read moreNew Gallup Poll: 58% of Americans Support Legalizing Cannabis, Up 7% from Last Year