I am applying for a retail Pot license here in WA

[Yanks_Todd]

Got a little AP love this week.

http://www.huffingtonpost.com/2013/1...n_4297280.html

[kane]

Sweet! Good luck. I have a feeling this is going to be very profitable for some people.

[AsianDivaGirlsWebDude]

Good lucking getting in on the Green Rush...

SEATTLE - Washington State business owners are applying for a license to sell recreational marijuana.

The state is only releasing 334 licenses to sell recreational pot and once they're gone, they're gone.

The licenses will allow businesses the legal right to produce and sell marijuana for recreational use. The fee to fill out an application is $250.

No one city or county can have more than a third of the stores in the state.

Recreational marijuana will go on sale in businesses during the summer of 2014.

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[SuckOnThis]

The DEA is raiding dispensaries in Denver today....


http://www.denverpost.com/breakingne...area-marijuana

[Yanks_Todd]

Originally Posted by SuckOnThis

The DEA is raiding dispensaries in Denver today....


http://www.denverpost.com/breakingne...area-marijuana

It will be interesting to see where the lines are drawn and enforced.

[Zuzana Designs]

Awesome Todd, I wish you luck. I think it will be a good investment. Does anyone have a list of the companies that are publicly exchanged on the NASDAQ for Marijuana? I know about MDBX and hope it will do well.

[Zuzana Designs]

Found this site http://marijuanastocks.com/content/l...rijuana-stocks

[Joshua G]

Originally Posted by SuckOnThis

The DEA is raiding dispensaries in Denver today....


http://www.denverpost.com/breakingne...area-marijuana

i read this as...feds bust pot sellers so feds friends can sell pot.

[AsianDivaGirlsWebDude]

As legalization spreads, it looks like one of these two industries will likely sweep in with their political clout and police muscle to overtake the industry, if they can:

Pharmaceuticals

The most obvious choice to take on the sale of marijuana is the drug industry. It makes complete sense, since companies like Dow-30 giants Pfizer (NYSE: PFE) and Merck (NYSE: MRK), among many others, are already used to dealing with controlled substances, heavy regulation, and legal checks and balances. Indeed, these two large industry players could easily, and quite logically, begin to deal in marijuana, particularly based on their broad sales and distribution teams.

Moreover, the drug industry has been dealing with patent losses that have taken billions off of their top lines, including such massive losses as Pfizer's Lipitor, once a multi-billion dollar drug. Merck, meanwhile, saw the patent expiration of billion dollar drugs like Singulair. These hits have been hard on the pharmaceuticals industry and left many companies scrambling for new sources of revenue. Marijuana sales could more than handily fill holes lefts by patent expirations.

Adding to the intrigue of this idea is the giant research arms the drug companies possess. Professional and well-funded research effort could turn what are now odd-ball marijuana varieties created growers (going under names such as Sweet Island Skunk and Sweet Dutch) and turn them into legitimate, documents varieties of a drug type.

Big Tobacco

The problem that the drug industry would have, however, is that marijuana would, at its core, be a commodity item. While this could lead the real benefit to fall to generic drug companies like Israel's Teva Pharmaceuticals (NYSE: TEVA), that may not be as realistic an outcome.

For starters, even generics focused companies have been migrating to branded drugs. Secondly, and perhaps more importantly, marijuana is a plant. It needs to be farmed, not created in a lab. The one industry that has a history of dealing with a commodity plant is the tobacco industry.

Moreover, thanks to Altria's (NYSE: MO) Phillip Morris and its push to get tobacco regulated by the U.S. Food and Drug Administration, Big Tobacco is now completely accustomed to dealing with the government regulation that would likely surround the growing, harvesting, and sale of marijuana and marijuana based products.

In addition, the companies in this industry have massive distribution networks that could easily be adapted to handle a new product going to new customers. And, like the drug companies, tobacco companies, particularly in a mature market like the United States, are looking for ways to deal with the slow decline of their main product, cigarettes.

While Altria may not be a first mover, it isn't beyond imagination to see a smaller player testing the waters. Or, perhaps, new entrants that eventually get swallowed by the big guys once the stigma of marijuana fades.

At least in California, they will face heavy opposition to the current decentralized model, and it is hard to imagine that they will be able to outlaw growing for personal consumption now that it is well-established throughout the state (currently individuals with a Medical Marijuana card can grow 6 mature or 12 immature plants, and personal consumption is considered a 1/2 lb of processed cannabis, 8 oz).







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[JFK]

Originally Posted by JoshGirls Josh

i read this as...feds bust pot sellers so feds friends can sell pot.

Sure sounds like it

[OneHungLo]

Originally Posted by Yanks_Todd

Got a little AP love this week.

http://www.huffingtonpost.com/2013/1...n_4297280.html

Does the risk really outweigh the reward? I would assume that if you're operating a dispensary you have to keep records of how much you sell. Now let's say you're only selling 2-3 lbs a week and you're in business for a year then that could put you in 100 to 999 kilograms range which carries a five-year mandatory minimum sentence. Go over the 1000 kilo range and you're looking at a 10 year minimum mandatory bid.

Fuck that. You know there is no parole in the federal system, right? Unlike state prison where you could be out in 6 months, you're going to do 85% of that sentence. Plus the 5-25 million dollar fines alone will bankrupt most for life.

[OneHungLo]

Also I would think publicity would be the LAST FUCKING thing you want running a dispensary, no?


Marijuana Dispensary Operator Gets 10 Years In Federal Prison

California: Marijuana Dispensary Owner Sentenced To Six Years In Federal Prison

Owner of 2 Long Beach Marijuana Dispensaries, Sentenced to 262 Months in Federal Prison

Gerald Duval Jr. Sentenced to 10 Years in Prison.

[AsianDivaGirlsWebDude]

California: Marijuana Dispensary Owner Sentenced To Six Years In Federal Prison

On June 16, 2011, state search warrants were served at three locations. At R & R Wellness, approximately 139 pounds of processed marijuana 1.2 pounds of hashish, and $1,408 in cash were found and seized along with other marijuana-laced food items.

At a warehouse in Sacramento, agents found two Allied storage containers and a separately built larger plywood room; all were set up to grow marijuana. A total of 401 growing marijuana plants were found. SMUD records showed that Bryan Smith was the electricity subscriber for the warehouse, with a start date of March 28, 2011, and surveillance agents had seen him travel to and from that warehouse prior to the search.

At Bryan Smith?s residence in Elk Grove, approximately $256,476 in cash was found in the master bedroom closet, along with a shotgun and 9 mm pistol. Law enforcement agents found a backpack containing approximately $16,733 in cash inside the defendant?s pickup truck.

Meanwhile the cultural war against cannabis has been lost...







A little music, and some Cherry OG in the volcano tonight w/ a little GFP hash topper...nice for editing photos.



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