Oregon Funds Schools and More with $85 Million from Cannabis Tax

The Oregon Department of Revenue distributed the last of its promised allocation of $85 million in pot revenues on Tuesday to cities, counties, and various state agencies. This is the first distribution of cannabis taxes since recreational sales came into effect on January 4 last year. According to the department, October 11 was the final deadline for distribution of these monies. The agency is not handing out cash willy-nilly, however. It is splitting the revenues according to state laws enacted to govern the process. The State School Fund received the…

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Saskatoon Weekend Event Unites Cannabis Community

Residents in Saskatoon, located in the Saskatchewan province of Canada, are eagerly anticipating the legal sale of recreational marijuana, which is set to come into effect with outlets opening their doors to adult-use customers on July 1, 2018. As the date crawls imminently closer to becoming a reality, the cannabis community of Saskatoon gathered last weekend to converse, relax, and smoke weed. This past weekend, the O’Brian’s Event Center hosted the seventh annual Prairie Medicinal Harvest Cup. It ran through the weekend. Organizer of the event, Jeffrey Lundstrom, said with…

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Canadian Marijuana Offers Massive Generational Growth Opportunity

Canadian pot businesses are simply flourishing, with economists expecting the cannabis market to grow into an $8 billion industry within just seven years. Although still paling next to the global opportunity, which is growing fast in its own right, the growth trajectory for Canadian weed shows no signs of slowing down well into the future. Eight Capital, an investment bank based in Toronto, conducted recent analysis into the Canadian market. It puts the potential of exporting medical cannabis alone at a whopping $142 billion over the next quarter-century. Reputable cultivators,…

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Legal Pot Sales Help Junk Food Sales

Anyone who has ever tried weed knows what it feels like to get the munchies. Constant hunger after emptying the fridge thrice is a guaranteed path to obesity, but surprisingly, science reveals that marijuana actually prevents weight gain. While researchers figure out this conundrum, one fact is clear: McDonald’s is making a lot of money from people in legal states constantly having the munchies. A study, conducted jointly by Green Market Report and Consumer Research around Cannabis, found 43 percent of people buying recreational pot in the last month choosing…

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Quebec Makes 18 Legal Age for Marijuana Consumption

If you want to buy pot in Quebec, you will need to be at least 18-years of age. According to sources in the Canadian government, the new legal age requirement is an effort to stop teenagers from buying weed on the illegal black market. After a series of long discussions among caucus members, the provincial Liberal government outlined its plan for distribution and the age limit.   According to Radio-Canada, the Société des alcools du Québec, or SAQ, Quebec’s liquor board, will ultimately control all legal cannabis sales. The government…

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