Colorado sales in 2015: $1B
Legal marijuana stores in Colorado sold more than $996 million worth of recreational and medical cannabis in 2015, according to new data from the state Department of Revenue. That high number is pretty close to a billion and it’s impressive since recreational sales there only started on Jan. 1 2014. The flipside is that the state also collected more than $135 million in marijuana taxes and fees in 2015, a lot of it earmarked for school construction projects. No wonder other states are looking at Colorado as a model.
More Facebook shutdowns
Last week we noted a piece that reported a couple of New Jersey dispensaries had their Facebook pages mysteriously disappear. Well, now it’s Oregon’s turn. Dispensaries there say Facebook has locked out or removed their business pages due to posts being in violation of Facebook rules. One time, it’s intriguing. If it happens twice, it’s a trend. We’ll keep our eyes on this for sure.
North Dakota? You betcha!
An activist group in North Dakota has filed a petition with the secretary of state's office to put marijuana legalization to a statewide vote. A ruling could come as early as next week. If approved, organizers would then need 13,500 signatures to get anything on the ballot.
Down Under makes a move
Australia is on the path to legalize the growing of marijuana for medical use nationwide. A bill introduced last week would amend the Narcotic Drugs Act of 1967. Under the proposal “a national licensing and permit scheme would be established for supplying medical cannabis to patients with painful and chronic conditions.” It could be legal by the end of March.