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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...

DEA Says It Will Ignore Marijuana Legalization

Posted on  November 07, 2012 by  News Admin

 What do our servants in the federal government do when the voters have spoken? They promptly announce their intention to ignore the voters. At least, that's what happens when it comes to the marijuana laws. The citizens of Colorado and Washington may have thought the decision was theirs on whether to legalize cannabis -- that they'd have the final say in the matter. But a spokesperson for the federal Drug Enforcement Administration (DEA) has other ideas. "The Drug Enforcement Administration's enforcement of the Controlled Substances Act remains unchanged," an agency spokesperson blithely told Reason this morning, Mike Riggs reports. "In enacting the Controlled Substances Act, Congress determined that marijuana is a Schedule I  controlled substance," the federal spokesperson said. "The Department of Justice is reviewing the ballot initiatives and we have no additional comment at this time. Last month, Deputy Attorney General James Cole hinted at what the Obama Administration's response might be to state voters legalizing marijuana. "Each case is going to rise and fall on its own unique facts," Cole told 60 Minutes. "Any of that is still in violation of the Controlled Substances Act of the federal law. "We're not interested in bothering people who are sick and are using it in the recommendation of a doctor," Cole said. "We are concerned with people who are using it as a pretext to become large-scale drug dealers." Colorado Gov. John Hickenlooper opposed Amendment 64, which legalized marijuana in his state. "The voters have spoken and we have to respect their will,"...