Monday, May 12, 2014

Colorado Legalization 90 Days In: Crime Down; $33 Million in Taxes Earmarked For Public Health

by David Downs
Mon, May 12, 2014 at 11:45 AM

Colorado state tax reports issued on May 8 showed that $19 million worth of cannabis was sold legally in the state in March, up almost a third from February. The state also reported $7.3 million in retail weed tax revenues, plus another $12.6 million from taxes on medical cannabis. Last week, state lawmakers moved to spend some proceeds — about $33 million — on school nurses and public education touting responsible use.

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Monday, April 7, 2014

Marijuana Legalization Scrambles Political Compasses of Republicans, Democrats

by David Downs
Mon, Apr 7, 2014 at 10:28 AM

Republicans and Democrats don't stand for anything other than keeping their jobs — and if you're looking for the clearest example of that, look toward cannabis legalization where you'll find Democrats supporting the prison-industrial complex and modern Jim Crow; and you'll also find "small government" Republicans ready to analyze your urine for marijuana metabolites. (That's small!)

The Wall Street Journal today takes a national look at how cannabis law reform has scrambled the political compasses of Republicans and Democrats alike.

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Tuesday, March 4, 2014

Colorado Weed Poll Confirms that Illegal Pot Dealers Are Doomed

by David Downs
Tue, Mar 4, 2014 at 10:15 AM

A new poll released by Medical Marijuana Business Daily confirms the impression we got from interviewing legal weed customers in Colorado: black market dealers are doomed.

In an online poll of 304 pot buyers, just 5 percent of respondents said they would “stay loyal to my black-market source” of pot in the face of legalization.

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Tuesday, February 18, 2014

Game Over: DPA Punts Cali Legalization to 2016

by David Downs
Tue, Feb 18, 2014 at 11:44 AM

Game over, man.

The frontrunners for California legalization in 2014 will not fund the effort this year, and have punted it to 2016.

The Drug Policy Alliance told the Los Angeles Times in a story published today that there’s not enough time, or voter support to run a legalization initiative in California this year. The deadline to file an estimated 800,000 raw signatures is April 18th.

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Wednesday, February 12, 2014

Compare California’s Competing Legal Weed Measures

by David Downs
Wed, Feb 12, 2014 at 1:58 PM

Today, we reported that all signs point to failure for the California weed legalization efforts of 2014. It’s just too late in the game, the money hasn’t shown up, and the odds just don’t look favorable.

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Monday, January 20, 2014

Obama in New Yorker: Pot Less Dangerous Than Alcohol

by David Downs
Mon, Jan 20, 2014 at 10:31 AM

President Obama sat down with The New Yorker’s David Remnick in a long, revealing interview on many topics, including the president’s evolving views on gay marriage and … wait for it, weed:

“As has been well documented, I smoked pot as a kid, and I view it as a bad habit and a vice, not very different from the cigarettes that I smoked as a young person up through a big chunk of my adult life. I don’t think it is more dangerous than alcohol.”

‘Is it less dangerous?’ Remnick asked.

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Tuesday, January 14, 2014

Worth Repeating: Poverty, Not Pot Will Kill Your IQ

by David Downs
Tue, Jan 14, 2014 at 10:23 AM

Sorry, blowhards at Fox News — newly legal weed in Colorado doesn’t make you dumb. But living in crushing poverty with shitty schools and awful, boring jobs definitely does.

Scientific American reported on a study in Proceedings of the National Academy of Sciences (PNAS) that debunked a previous PNAS report saying that teenage potheads saw their IQ drop by middle age.

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Friday, January 10, 2014

Weed Stocks Rally 21 to 1,700 Percent

by David Downs
Fri, Jan 10, 2014 at 10:03 AM

Yesterday I was interviewed by on marijuana investment opportunities and I urged caution and detailed the notoriously low reporting requirements for unlisted marijuana-related stocks. Turns out, people do not care.

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Thursday, January 2, 2014

'This Will Not Be Like ObamaCare!' - Colorado's Legal Weed Sales Rollout Went VERY Smooth

by David Downs
Thu, Jan 2, 2014 at 10:15 AM

The apocalypse did not happen folks. Colorado launched the first taxed and regulated retail sales of recreational pot Wednesday, and while demand was high, the vibe was mellow.

By 11:40 a.m. Wednesday, Denver city officials in charge of the rollout were crowing. In stark contrast to the average Black Friday sale, the thousands of people who lined up to buy sacks were orderly, peaceful, and respectful of the law.

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Friday, December 20, 2013

California Legalization Initiative for 2014 Gets Tweaked

by David Downs
Fri, Dec 20, 2013 at 11:37 AM

A proposed ballot measure to legalize pot in California in 2014 underwent some changes this week, increasing personal cultivation limits to six plants, among other minor alterations.

"The Control, Regulate and Tax Marijuana Act” from Drug Policy Alliance and a group representing the late Peter Lewis offers a modest form of legalization.

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