Experts predict that Washington State is going to make even more money than originally estimated off the state’s legal recreational marijuana market.
The Economic and Revenue Forecast Council announced Wednesday that it expects the industry to bring in more than $694 million in tax revenue through mid-2019. In September, the council predicted that $636 million would be made in that time, showing an increase of $58 million in the estimate after just two months.
I wonder what it’ll be in January.
A woman was arrested Sunday after checking 92 pounds of marijuana in her luggage at Phoenix’s Sky Harbor airport. She spread the load between three bags, two of which actually made it onto the plane before the third was discovered.
Well, two out of three ain’t so bad.
Unfortunately for Lauretta Blanton, 39, one bag stuffed to the gills with ganja was enough. The TSA called the Phoenix Police Department, who arrested Blanton and confiscated her haul. She is being charged with marijuana transportation, a felony.
The state of Nevada is looking to cash in on the reciprocal cannabis market, making the decision to allow medical marijuana cardholders from other states the ability to buy Nevada marijuana while visiting the state on vacation or business. This form of reciprocity between states creates a marijuana tourism market for those who wish to try what other states have to offer.
One name goes with pot like peanut butter goes with jelly and a PB&J goes with—well, pot: Bob Marley.
The reggae superstar’s family and a Seattle-based private equity firm announced today the creation of “a premium cannabis brand rooted in the life and legacy” of Bob Marley, called Marley Natural. The brand will produce pot-infused creams, vaporizers, and strains of Marley’s own favorite “heirloom Jamaican cannabis” sold as “loose packed” buds, oils, or concentrates.
Fireweed Farms in Washington State made history this past weekend by holding the first ever marijuana auction. The small cannabis farm sold about 300 pounds to state-licensed processors and retailers. The auction brought in an estimated $600,000 in sales once all was said and done. The harvested, dried, and trimmed marijuana was priced by the gram (prices ranged from $2.50-$7.00 per gram) and auctioned by the strain in lots ranging from half a pound all the way up to 5-pound loads.