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State of Washington Estimates Legal Pot Will Be $12 A Gram

Posted on  November 09, 2012 by  News Admin

 Legal marijuana in Washington state will average $12 a gram, according to the state Liquor Control Board, which has been put in charge of regulating, taxing and selling cannabis in the state by the voters' approval of I-502. At least a year will be spent studying and setting up the marijuana distribution system before adults 21 and older and actually walk in a store and buy weed. The Liquor Control Board has released a new fact sheet [PDF] on a website designed to help Washington residents keep track of progress to develop regulations for selling and growing marijuana, reports the Spokane Spokesman. "Based on average retail mark-up prices, estimated producer price is $3 per gram and estimated processor price is $6 per gram," the fact sheet states. Besides $250 application fee and $1,000 annual licensing renewal fees -- with separate licenses for producer, processor, and retailer --  there's a 25 percent marijuana tax paid by producers at the wholesale level, 25 percent paid by the processor upon sale to a retailer; and another 25 percent excise tax at the retail level. Estimates have varied wildly on the amount of tax revenue which will be generated; some say federal preemption will prevent the pot stores from ever opening. The number of marijuana outlets per county will be controlled; in other words, once a certain number of outlets are open, no more licenses will be awarded. • Marijuana producers will be those who grow cannabis for sale at wholesale to processors, and allows for...

Washington Becomes 2nd State In One Day To Legalize Marijuana

Posted on  November 09, 2012 by  News Admin

  Voters Say Yes To Regulation, Taxation Plan Isn't it just the way it always goes? Nothing for 75 years, then two states in one day. Washington voters resoundingly approved Initiative 502, which regulates and taxes marijuana production in the state, with 56 percent voting Yes and 44 percent voting No. The state's voters on Tuesday evening joined those of Colorado, from which results had become final earlier, in legalizing cannabis. "Marijuana policy reform remains an issue where the people lead and the politicians follow," said Ethan Nadelmann, executive director of the Drug Policy Alliance, "but Washington State shows that many politicians are beginning to catch up."  "It is now more obvious than ever that marijuana prohibition is a failed policy, and the voters in Colorado and Washington have sent a message to their elected leaders and the nation that they have had enough," said Rob Kampia, executive director of the Marijuana Policy Project. "It is costly, harmful, and dangerously misguided to continue arresting adults for using something that is safer than alcohol, particularly the seriously ill who could benefit from using marijuana. "A majority of Americans are sick of this nightmare and support treating marijuana in a rational manner," Kampia said. "Unfortunately, most lawmakers continue to ignore this fact and turn a blind eye to the harms caused by prohibition. "The residents of Colorado and Washington have taken the matter into their own hands and done something about it today," Kampia pointed out. "They should be congratulated for taking...

Sensible Washington: Here's Why We Oppose I-502 'Legalization'

Posted on  October 10, 2012 by  News Admin

 Our opposition to Initiative 502 was not a decision made in haste. We examined this measure from multiple angles, looking at the political ramifications, the legal implications, and the social benefits and consequences. We came to a clear conclusion: Initiative 502 is not a positive step forward for our state, and we can do better. The initiative proposes dangerous and arbitrary policies, and sets up a legal distribution system that will fall to federal preemption. Here are the key reasons why, after deep consideration, our organization voted unanimously to oppose this measure (you can read our full analysis here): • Initiative 502 will retain cannabis as a schedule 1 controlled substance under state law. This classification declares cannabis equal to heroin in danger and illegality. Instead of legalization, it will set up a narrow exception for certain activities, such as possession of a small amount. However, gifting or sharing, such as passing a joint, will remain a felony charge. Home-growing, even a single plant, will remain as illegal as before. This is far from legalization. • The regulation and taxation system -- if not the entire initiative -- will be rendered invalid by the federal government. The initiative forces the state to license businesses for, and collect taxes from, a substance that is a schedule 1 drug under both federal and state law. This directly conflicts with our Federal Controlled Substances Act, and our State's Uniform Controlled Substances Act, which will give the federal government complete legal authority to take it to federal court,...