Category: massachusetts

Massachusetts Voters Approve of Legalization, Afraid Officials Will Screw it Up

Getty According to a new poll commissioned by the Boston Herald, voters in Massachusetts approve of marijuana legalization, but they have doubts about whether officials in the state will be able to implement it properly. The poll was conducted earlier this month and 600 registered voters in the state participated. Among respondents, 63% said they support marijuana legalization while only 34% said they are opposed. Some 95% of those who voted for legalization in 2016 said they would vote for it again. Problems arose when voters were asked if they trusted state officials to implement the new legalization law,...

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Massachusetts Governor Signs Cannabis Law But “Worries Terribly” About Potential Consequences

Getty Since Massachusetts voters approved a law to legalize the use, possession and sale of cannabis in last November’s election, lawmakers have been looking at ways to “improve” that law. From the start they pushed back recreational sales of cannabis by six months to summer 2018, and it didn’t stop there. Some lawmakers wanted to further restrict the number of plants allowed to be grown and raise taxes, among other issues. Luckily, only part of those changes made it into the final version of the bill approved by legislature – the tax hike from 12 percent to 17-20 percent....

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Douglas H. Leighton Joins BudTrader.com as an Investor and Advisory Board Member

Pro-Cannabis Industry Icon to Advise and Mentor BudTrader.com CEO Brad McLaughlin SAN DIEGO, Aug. 2, 2017 /PRNewswire/ — BudTrader.com, the nation’s largest online platform for the legal cannabis industry, is pleased to announce that Douglas H. Leighton has joined them as an investor and an advisory board member. Douglas H. Leighton, a seasoned industry expert in both capital management and business development in the cannabis sector, was appointed to the board in an effort to grow BudTrader.com within the cannabis sector and to advise in structure and market expansion. “As an investor and member of both ArcView and NCIA, Mr. Leighton brings a wealth of experience...

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Massachusetts Lawmakers Reveal Changes to Voter-Approved Legalization

Getty After several delays along the way and a missed deadline at the end of June, lawmakers in Massachusetts have finally reached an agreement on the changes that will be made to the voter-approved cannabis legalization law passed last November. The proposed changes will increase taxes on recreational cannabis sales to 20% in total – where it was originally 12% in the voter-approved version of the law. This change has been criticized by activists and advocates as it will make it harder to divert sales from the illegal market to the legal one. However, while the Senate version of...

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Massachusetts House Delays Vote on Changes to the Voter Approved Marijuana Law

There have been a number of delays as Massachusetts lawmakers prepare for the state to bring on the new legal cannabis industry. They have been discussing how they are going to regulate the new industry since the start of the spring legislative session and haven’t gotten much closer to passing a bill – let alone one that doesn’t stomp all over the law passed by voters. Recently, we saw a bill that looked to restrict advertising in the industry, banning common advertising methods like TV and radio ads, billboards and more (unless the audience is guaranteed to be 70...

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