Canada Now World’s Largest Legal Marijuana Marketplace Today, Wednesday, Oct. 17, 2018, after 95-years of prohibition, Canada is set to become only the second country in the world and the first G7 country and major economy to legalize marijuana for all uses. Uruguay was the first country. Last night, in St. John’s, Newfoundland, hundreds of customers had lined up around the block at a private store by the […] Steven Agar | October 17, 2018 0 Comments
First Year Marijuana Sales in Nevada Exceed Expectations by 40-Percent The first full year of legal marijuana sales in Nevada surprised officials by exceeding expectations by 40 percent, reports the Tahoe Daily Tribune. Taxable pot sales statewide totaled $529.9 million and raised nearly $70 million in tax revenue, including $27.5 million for schools, the Nevada Department of Taxation said. Adult sales that first became legal on July 1, 2017, accounted for […] SnowBrains | September 1, 2018 0 Comments
Corona Owner Invests $4-Billion in Marijuana Company Constellation Brands Inc., which for seven decades has made its money off beer, wine and whiskey, sees its future in a marijuana leaf. The owner of Corona, Kim Crawford Wines, and Ballast Point is to increase its stake in Canadian cannabis company Canopy Growth, investing US$4 billion to acquire a 38% share of the business. The drinks giant said that […] Steven Agar | August 17, 2018 0 Comments
Molson Coors to Develop Marijuana Infused Drinks for the Canadian Market One of the world’s best-known breweries is teaming up with a Canadian cannabis company to make marijuana-infused drinks, reports USA Today. Molson Coors’ Canadian arm announced Wednesday that it’s partnering with The Hydropothecary Corp. to develop non-alcoholic weed drinks for the Canadian market. Canada begins legal marijuana sales nationally in October, but experts say the Molson Coors drink likely won’t be on […] SnowBrains | August 2, 2018 3 Comments
Due To Marijuana Use Loveland Ski Area, CO Employee Who Died On The Job’s Family Being Refused Benefits In December 2017, Adam Lee died while working at Loveland Ski Area, CO. His family is now being denied 50% of his workers’ compensation benefits because marijuana was found in his system. Marijuana use is legal in Colorado, but a Colorado law exists that allows workers’ comp companies to cut benefits by 50-percent if toxicology tests prove positive for […] Industry News SnowBrains | July 17, 2018 0 Comments
Bargain Bud in California as Dispensaries Need to Offload Inventory before New Standards Apply from 1st July Bargain basement bud is on the menu in California, but you need to act fast to cash in on the cheap weed, reports ABC. Regulations being phased in six months after the state broadly legalized marijuana require that pot sold after this Saturday 30th June meet strict quality standards, so retailers unloading untested inventory are offering blowout prices. Deep discounts on […] SnowBrains | June 27, 2018 0 Comments
Canada Legalizes Recreational Use of Cannabis Canada’s parliament has passed a law legalizing the recreational use of marijuana nationwide, reports the BBC. The Cannabis Act passed its final hurdle on Tuesday in a 52-29 vote in the Senate. The bill controls and regulates how the drug can be grown, distributed, and sold. The country is the second worldwide to legalize the drug’s recreational use and Canadians […] Steven Agar | June 21, 2018 0 Comments
Record Marijuana Sales in March for Nevada | Sales are Surpassing Projections Every Month Nevada marijuana sales continue to outpace projections, reaching the highest monthly total in March since recreational sales became legal last July, reports the Tahoe Daily Tribune. The Nevada Department of Taxation said Wednesday taxable sales of adult-use marijuana topped $41 million in March, a 16 percent increase from February and 14.5 percent more than the previous monthly record of $35.8 […] Steven Agar | May 24, 2018 0 Comments
Colorado Recreational Marijuana Sales Hit Record High in March | Recreational Sales Booming, Medicinal Declining March 2018 was a record month for recreational marijuana sales in the state of Colorado, with sales hitting $106 million, besting the previous record of $102 million set in August last year, reports The Department of Revenue. But medical marijuana sales hit a slump, which were highest in August 2016 at almost $42 million. In March 2018, they were only a […] Steven Agar | May 15, 2018 0 Comments
Green Makes up for Lack of White | Record Marijuana Sales Help Steamboat Springs Survive Poor Tourism Season Steamboat Springs financially survived a winter tourism season, that some believed was under threat because of winter’s late arrival, due to record marijuana sales in March, reports Summit Daily. “I think it’s a pleasant surprise,” City Manager Gary Suiter said. “We depend on the snow.” Record marijuana sales in March helped contribute to financial success, with the city collecting $2.9 […] SnowBrains | May 3, 2018 0 Comments
Marijuana Sales Are Forecasted To Surpass Soda Sales By 2030 According to The Cannabist, marijuana sales are expected to surpass soda sales by the year 2030. In 2017, North American soda sales were $76.4 billion, which was lower than the $78.3 billion that was generated from them in 2016. A recent study that was done by Cowen & Co. forecasted that cannabis sales will reach $75 billion by 2030, which would be […] Industry News SnowBrains | April 6, 2018 0 Comments
Nation’s First ‘Social Marijuana’ License Approved in Denver, CO A Denver coffee shop received city approval Monday for the nation’s first business license to allow marijuana use by patrons under a 2016 voter-approved initiative, reports the Denver Post. The Coffee Joint soon can allow customers age 21 or older to vape or consume edibles they bring to the cafe, which is already open at 1130 Yuma Court, just east of Interstate 25 in […] Steven Agar | February 28, 2018 0 Comments
Colorado Marijuana Sales hit new High | $1.5 billion in 2017 Colorado marijuana shops raked in a record $1.51 billion sales of medical and recreational cannabis, edibles and concentrate products during 2017, according to Colorado Department of Revenue data released Friday. Adult-use sales topped $1.09 billion, with the remaining $416.52 million coming from medical marijuana. Colorado collected upward of $247 million in taxes and fees revenue from pot sales, according to […] Steven Agar | February 13, 2018 1 Comment
Marijuana Sales Exceeded Liquor Sales in Aspen, CO Last Year Legal-pot purveyors generated $11.3 million in revenue last year compared with $10.5 million for liquor stores, marking the first time marijuana sales outpaced booze for the year in Aspen, reports The Aspen Times. Cannabis revenue last year also marked a 16 percent increase over 2016, which produced $9.7 million in sales. Of Aspen’s 12 retail sectors, the marijuana industry also […] Steven Agar | February 9, 2018 1 Comment
Nevada Earned $3.7 Million In Tax Revenue In Their First Month of Legal Marijuana Sales According to the Associated Press, the first month of legal sales of recreational marijuana in Nevada yielded $3.7 million in tax revenue. This amount is consistent with projections that the industry will provide the state with $120 million in tax revenue over the next two years. Marijuana has a 15% wholesale tax and a 10% retail tax in Nevada, which is responsible […] Industry News SnowBrains | October 3, 2017 0 Comments
4 Men Rescued From Mountain After Becoming Too Stoned to Walk “Words fail us…” said the Cumbria police yesterday after 4 hikers in the English Lake District had to be rescued form a mountaintop when they became unable to walk after taking marijuana (cannabis) yesterday. These 4 men were on 3,206′ Scafell Pike in Lake District National Park when they became too stoned to walk and had to call the police for […] Industry News CragBrains | September 24, 2017 0 Comments
Marijuana Company Buys Entire California Town and Hopes to Start the ‘Green Rush’ A US marijuana company has just bought a small town in California with the promise of creating ‘an energy-independent, cannabis-friendly hospitality destination’, reports the BBC. Tempe, AZ based American Green, the second oldest and largest marijuana company in the US, has bought the town of Nipton, CA for an estimated $5m and intends to turn it in to a destination […] Featured Article Steven Agar | August 7, 2017 2 Comments
John Spriggs Arrested in Bend, Oregon for Burglary and Assault Early yesterday morning, Bend police department were dispatched to a domestic disturbance call in an apartment complex on Northwest Riverside Boulevard. The report came from a neighbor who heard a physical altercation occurring in the nearby apartment and upon the arrival of the police they found that there had indeed been a quarrel. The suspect, John Spriggs, was an invited guest to the […] Backcountry Dylan Cautela | March 16, 2017 9 Comments
Colorado’s Pot Business On Track to Break $1 Billion in Sales This Year: According to Colorado’s Department of Revenue, Colorado pot shops sold more than $270 million in cannabis and related products in the first three months of 2016. The state’s latest data shows that its marijuana shops sold nearly $90 million of cannabis in March 2016. The licensed stores sold more than $55 million in recreational marijuana and more than $33 million […] Industry News Chris Wallner | May 13, 2016 0 Comments
Colorado Makes More Money From Marijuana Than From Alcohol… a Lot More Colorado just became the first state in history to generate more tax revenue from marijuana than from alcohol. According to the Colorado Department of Revenue, Colorado brought in $70 million in taxes related to marijuana over the past year. Compare that to less than $42 million brought in during the same time period for alcohol. Yesterday, Colorado declared a marijuana tax holiday, meaning that for just that one day, there were no taxes on marijuana. SnowBrains | September 18, 2015 1 Comment
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