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Full Text of Alaska Initiative "An Act to tax and regulate the production, sale, and use of marijuana"

Posted on  September 25, 2014 by  News Admin

Download the initiative in PDF format here.    “An Act to tax and regulate the production, sale, and use of marijuana.”BE IT ENACTED BY THE PEOPLE OF THE STATE OF ALASKA:*Section 1. AS 17 is amended by adding a new chapter to read:Chapter 38. The regulation of marijuana Sec. 17.38.010. Purpose and findings.(a) In the interest of allowing law enforcement to focus on violent and property crimes, and to enhance individual freedom, the people of the state of Alaska find and declare that the use of marijuana should be legal for persons 21 years of age or older.(b) In the interest of the health and public safety of our citizenry, the people of the state of Alaska further find and declare that the production and sale of marijuana should be regulated so that:(1) Individuals will have to show proof of age before purchasing marijuana;(2) Legitimate, taxpaying business people, and not criminal actors, will conduct sales of marijuana; and(3) Marijuana sold by regulated businesses will be labeled and subject to additional regulations to ensure that consumers are informed and protected.(c) The people of the state of Alaska further declare that the provisions of this Act are not intended to diminish the right to privacy as interpreted by the Alaska Supreme Court in Ravin v. State of Alaska.(d) Nothing in this Act proposes or intends to require any individual or entity to engage in any conduct that violates federal law, or exempt any individual or entity from any requirement of federal law,...

Oregon Cities Levy Taxes in Hopes of Rec Law Passage

Posted on  September 12, 2014 by  News Admin

For many voters, a key selling point of recreational cannabis legalization is the possible tax windfall from the sale of cannabis and related products. At least two cities in Oregon are taking action now, weeks before the results of the state vote on marijuana legalization, in the hopes of securing such a windfall for their own municipalities. Under Measure 91, only the state has the authority to tax marijuana. By acting now, however, the community of Hillsboro – in the suburbs of Portland – and Ashland near the California border both hope to have their local marijuana tax grandfathered in, should the measure pass. Ashland has already completed its measure and established the additional tax. Hillsboro’s city council will vote next week on a similar proposal. While the cities might benefit financially, they also risk encouraging marijuana businesses to establish in other locations.

Washington Retail Stores To Open July 8

Posted on  June 24, 2014 by  News Admin

Washington’s Liquor Control Board finally provided a firm date for the program’s debut after several weeks of industry speculation. The state’s recreational cannabis industry will officially begin July 8. According to the announcement, regulators will distribute approximately 20 business licenses on July 7. The licensed stores will then have just one day to input all cannabis products into the state’s inventory management system before opening. The state has not provided a list of the first businesses to receive licenses. A spokesman for the Liquor Control Board said the first licenses “will be spread around the state.” Business owners are already predicting volatile prices for the first days of recreational sales. One retail owner, Michael Perkins, predicts prices to remain in the $20 to $25 per-gram range until growers reduce their wholesale prices. Retailers said some growers are asking as much as $5,000 a pound for cannabis. Some cultivators believe retailers are to blame for the high prices. One cultivator recently said retailers are battling each other to secure inventory. No matter who is to blame, inventories could run low during the first week of retail sales, as they did during Colorado’s first week of retail sales. One retail owner, Todd Shirley, predicts the stores that open on July 8 may have to temporarily shut their doors once inventory runs out. “The first wave could have first-mover advantage,” he said. “But it’s going to be tough.”