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Greece looking seriously at marijuana being a catalyst for getting their country out of recession

On Nov. 14, Greece's Minister of Rural Development and Food spoke with Bloomberg about the nation's economic conditions and suggested that the cultivation of marijuana (cannabis) could be just the thing to help the country fight out of its decade long recession. The cultivation and sale of medical marijuana could help Greece’s government pull the country out of a seven-year economic crisis, according to Eva ...

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State of Nevada finds massive windfall in just the first month of pot legalization

It took a few years after both Colorado and Washington paved the way for pot legalization, but it appears that the state of Nevada, and in particular the city of Las Vegas, could become the model of how municipalities and states could find tax windfalls from sales of marijuana. In fact in just the first month of pot legalization, Nevada reported a gain of $3.68 million in tax revenues from sales of the subs ...

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Pot company takes their profits to buy a dilapidated city in California to turn it into a marijuana haven and tourist stop

An Arizona based company dedicated to the burgeoning pot industry has just purchased a dilapidated municipality in the state of California with the intention of turning it into a thriving marijuana center and eventual tourist stop for those wanting the freedom to imbibe on the drug. American Green announced that they have spent $5 million to purchase the city of Nipton, located in the San Bernadino Valley, ...

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Pot legalization could soon see the drug integrated into your morning coffee

As we have written before on this page, the potential for pot to become huge boon to the U.S. economy is massive as more and more states rebel against the Federal government and legalize the drug for both medicinal and recreational use.  And while innovative entrepreneurs have already taken marijuana far beyond simply being a product in which you imbibe through smoking, one new company is in the process of ...

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Colorado continues to prove that marijuana legalization can get states out of their economic binds

With a few more states voting to legalize marijuana last November, the opportunities to create new industries from the ground floor are becoming open to thousands of new entrepreneurs.  And judging by the benchmark set in the state of Colorado over the past three years when they became the first state to legalize pot, the potential economic returns from the burgeoning industry could be enough to bring many ...

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After four years of legalization pot is now very close to surpassing alcohol sales in the state of Washington

Of all the growing benefits that pot legalization has done for the state of Washington, its help in bringing about a decline in DUI and drinking related accidents is a worthy side effect.  And according to new statistics for the second quarter of 2016, revenues from the sale of marijuana are now very close to equaling and surpassing sales of alcohol. In 2014 alcohol related incidents declines 9.9% from the ...

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Evidence is mounting that legalization is way to win the war on drugs

Ever since President Richard Nixon initiated schedules to designate most recreational drugs as illegal, America began a War on Drugs that has now stretched over four decades and several trillions of dollars.  The results however have been catastrophic as not only has drug use increased over that time, but prisons have swelled with individuals who were incarcerated for victimless crimes, and violent cartels ...

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U.S. admits that Marijuana cures cancer but has no plans to legalize it

One of the most important reasons why Americans cannot trust most science today is that close to 70% of all technical researchers in this field are indentured to the government through either direct employment, or subsidized by Federal grants.  And as such, their analysis, documentation, and conclusions almost always coincide with a political agenda, even if the science itself is in opposition. Which is why ...

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Tis the season to get high… in Colorado as pot sales soar on ‘Green Friday’

Since the sale of marijuana was legalized in Colorado and Washington earlier this year, the industry has seen its 'highs' and lows, but as we begin the annual holiday shopping season, demand for the formerly illegal product is soaring.  In what is being dubbed as 'Green Friday', pot retailers in Colorado are experiencing very good revenues as store owners began offering discounts that are part of the allure ...

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IRS infers pot shops should use money laundering if the want to pay with cash

With the new and burgeoning marijuana industry growing at accelerating rates, business owners are finding a new barrier in trying to be legal and pay their taxes in a timely manner.  Since many banks refuse to open accounts for pot shops, even in states where the drug is now legal to sell and use, business owners are finding out that making cash payments to the Internal Revenue Service to pay for their tax ...

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Banks in states that legalize pot use can now work with marijuana businesses

In 2012, HSBC was busted by U.S. and international regulators for laundering drug money for global cartels.  A year later, they were imposed a $1.9 billion fine, but rumors abound that the financial institution is still providing services to criminal organizations despite their guilt and penalty. So with this precedent in place, it is quite interesting to see on Feb. 14 that regulators within the Obama admi ...

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Like cigarettes, pot could become tax that saves state budgets

On Jan 1, recreational pot laws went into effect in the states of Washington and Colorado.  And while it is too early to determine how this will equate in the rise of overall revenue for the marijuana industry, expectations are already under way by these states on how taxes received from the sale of the drug can help in subsidizing their general budgets. Colorado projects $578.1 million a year in combined w ...

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