Legal pot sales outpace pharmacies and some grocery stores

Dispensing marijuana, be it for medicinal purposes or for just getting high, is enjoying a lucrative legal market in states where it is sold over the counter rather than on the street corner or in the backroom of a seedy bar.

Sale of medical and recreational weed is making headway, outselling other retail outlets like Whole Foods. According to the 2016 Marijuana Business Factbook, medical and recreational marijuana pulled in an average revenue of $974 per square foot, compared to $930 at Whole Foods.

Half the states in the country now dispense legal medical marijuana and a handful currently have legal pot shops that cater to the discriminating tastes of stoners. That represents a robust market, one that is estimated to reach $11 billion by 2020.

According to Marijuana Business, medicinal and recreational pot shops even outsell your average pharmacy, which takes in an annual revenue of $676 per …

Vote No on 2 web ad warns of ‘budtenders,’ urges voters to reject medicinal pot

The campaign to convince voters to reject Amendment 2, the medical marijuana measure on November’s general election ballot, released the fourth in a series of online video advertisements Monday.

In announcing the ad, Vote No on 2, the campaign sponsored by Drug-Free Florida Committee, said the ad is “setting the record straight on what Amendment 2 really means for Floridians.”

Titled “Budtender,” the ad says dispensers of medical marijuana in Florida would have no medical education or training of any kind.

“This revelation continues to show that the authors of Amendment 2 didn’t close the loopholes or tighten the language of this dangerous constitutional amendment,” the announcement says.

Marijuana as medicine is a hoax, said Vote No on 2 campaign spokeswoman Christina Johnson.

“The suggestion that Amendment 2 is about medicine is a false and dangerous one,” she stated in a statement released Monday. “This amendment replaces pharmacists …

United for Care questioned about breast cancer contribution

State regulators are questioning a contribution to a breast cancer fund by the backers of proposed medical marijuana referendum, calling it an “invalid contribution” requiring further explanation.

People United for Medical Marijuana, whose campaign, United for Care, is pushing for the passage of Amendment 2 on November’s general election ballot, responded by saying the $155 contribution made in February “was made in significant part with the intent of advancing the support, media coverage, petition gathering efforts and fundraising ability” of the amendment’s campaign.

United for Care Treasurer Ben Pollara, in a response filed with the Florida Division of Elections, said it is the expressed goal of the group to get the amendment, which expands the current law to include a wider variety of patients and treatment with a stronger grade of pot.

“It was with this goal in mind,” he wrote, “that People United for Medical Marijuana made a …

Pot industry experts: Worry about bad marijuana, not Big Marjiuana

In every industry, the logic goes, it’s only a matter of time before the big players begin to squeeze out the small businesses and things get monopolistic fast.

But in the burgeoning medical pot sector, write John Hudak and Jonathan Rauch in a new report on the industry, there’s still plenty of room for small and medium-sized players.

The real issue is making sure best practices — not the philosophy of cutting corners prevalent in many other businesses — win the day over short-term profits.

In a new report for the Brookings Institution, Hudak and Rauch lay out a series of real concerns in the fledgling medical marijuana business that should trump what they call “corporatization” in the sector:

The marijuana industry will remain a diverse one even as large corporations emerge. The Big Marijuana rubric is more misleading than helpful as a guide to policy because it oversimplifies and

8 polls show voters ready to pass Florida medical marijuana amendment

The numbers in eight polls taken since January 2015 vary widely as to whether people of Florida support the legalization of medical marijuana. But the polls all agree that over 60 percent — the percentage needed to pass Amendment 2 in November’s general election — said they were ready to vote yes on the change in the state’s constitution.

The two surveys that showed the highest level of approval were done by widely respected Quinnipiac University Poll, which posted results that said 80 percent of 1,051 respondents in a May survey supported the measure. Sixteen percent, the poll said, were opposed to the amendment.

The poll said 71 percent of Republicans and 87 percent of Democrats along with 84 percent of independent voters approved of the amendment change.

Surveyors also found support from 89 percent of millennials, or voters between ages 18 to 34 years old, said they would vote …

Headlines

Legal pot sales outpace pharmacies and some grocery stores

by - June 28, 2016

Dispensing marijuana, be it for medicinal purposes or for just getting high, is enjoying a lucrative legal market in states where it is sold over the counter rather than on the street corner or in the backroom of a seedy bar.

Industry

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