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Look for an 8k or more form 4’s after the bell this week.
JMO,
SSC
I’m not reading the press release- those are for pumping. I read filings, which clearly state how the convertible notes work.
SSC
Cough cough cough...40’s.......:)
Congrats to the ones who picked up the .36-.37's. Good load for the next leg up.
Is marijuana legal in California? 6 things you should know, according to a legal expert on cannabis
As of January 1st, 2018, the great state of California has officially legalized the recreational use of marijuana for adults 21 and over. Snoop Dogg must be full of joy.
The law is a direct result of Proposition 64, which was on the November 2016 ballot and gave citizens the opportunity to vote for the legalization and taxation of marijuana. The legalization aims to cut down on the criminal convictions for harmless offenses and change public perception of marijuana, as many court decisions have unfairly targeted and separated communities of color. Minorities, especially, have long faced harsh sentences and stigmas for sale and use of the drug, while their white counterparts are glorified for their use of marijuana to control anxiety and relieve physical pain. It is high time that public understanding of marijuana evolved, and we must combat the often racist war on drugs.
To get the complete scoop on the new rules and technicalities of Prop. 64, we spoke with Allison Margolin, an attorney who handles cannabis licensing and criminal defense.
On a state level, Margolin is overjoyed at the progress: “I am thrilled that we have now started licensing marijuana activities. States started criminalizing cannabis in the early 1900s…Since then the fight has gone on to decriminalize and legalize it. I cannot believe how long this has taken, but at the same time I am pleasantly surprised by the speed with which things have taken a turn for the better after the passage of Prop. 64,” said the attorney.
Marijuana Illustration, Brooklyn White
Brooklyn White/HelloGiggles
Margolin also feels this decision signifies hope for the future:
“Maybe we can start to heal the problems that have plagued our country since its inception. And we can help more people reach their potential…Because that kid that would have otherwise been a victim of the drug war could be the person who will save our planet.”
California’s bold progress will give people opportunities to operate a business and use marijuana without fear of arrest and will hopefully encourage policy focus on America’s issues that are much larger than smoking weed.
Check out our full interview below.
HelloGiggles (HG): How does the actual implementation of Prop. 64 change the way Californians do business?
Allison Margolin (AM): California now has a totally new system for regulating commercial cannabis, under which everyone will need both a state and a local license in order to engage in any commercial cannabis activity, including medical and recreational cannabis. In the past, California’s medical marijuana industry has been required to operate through informal, non-profit collectives, with very little guidance or oversight from the government. Everyone in the industry will have to adjust to the detailed rules and regulations that did not exist before.
HG: What will happen to people currently locked up in California jails for drug charges related to weed?
AM: Proposition 64 allowed most people in California with past felony convictions for marijuana to have their convictions reduced to misdemeanors or dismissed altogether. People locked up for marijuana crimes were eligible to be released under this law.
HG: So, what’s legal and what’s not?
AM: Under California law, all adults 21 years or older are allowed to possess up to one ounce of marijuana or 8 grams of concentrated cannabis, and to cultivate up to six plants at their home and possess the marijuana produced by these plants. Californians with a medical marijuana recommendation from a licensed doctor can possess as much marijuana as they need for personal medical use. Commercial marijuana activity (cultivation, manufacturing, distribution, and retail sales) is allowed only with proper licenses from both the local and state governments, and local governments are allowed to set their own policies (including total bans) on commercial cannabis.
HG: What does this mean for people who already have a medical marijuana card? Are their rights increased?
AM: People who already have a medical marijuana card will be eligible to pay reduced tax rates for marijuana purchases, and to possess more marijuana than the limits set for others.
HG: Can you legally carry marijuana with you?
AM: In California, it is no longer a crime for adults over 21 years to carry up to an ounce of marijuana or 8 grams of concentrated cannabis, and to grow up to six plants at their home — but businesses, employers, and property owners may still prohibit marijuana use or possession on their premises.
HG: What do you think this means for marijuana legalization/decriminalization across the U.S.?
AM: This is definitely part of a larger trend, with many states liberalizing their marijuana laws. Federal law still prohibits all marijuana. We believe the federal ban on marijuana will end at some point, but until that happens, it remains difficult for marijuana businesses to use banks or do any business across state lines.
Marijuana Legalization 2018: Which States Might Consider Cannabis Laws This Year?
The legal marijuana market could blaze across the United States in 2018.
At least 12 states are poised to consider marijuana legalization this year, with more possibly joining as legislative sessions continue, making 2018 a potentially pivotal year in the burgeoning bud movement. Some states are even preparing to take unprecedented legislative steps to make marijuana—either recreational or medical—legal and more easily accessible.
"With over 60 percent of Americans now supporting the full legalization of marijuana for adults, the momentum behind marijuana law reform will not only continue but increase as we head into 2018," Erik Altieri, executive director for the National Organization for the Reform of Marijuana Laws, told Newsweek.
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This is what's in the legislative pipeline for 2018:
Vermont: Recreational Marijuana
Vermont lawmakers are anticipating a landmark move for marijuana advocates in early 2018. The state will have the first governor and Legislature to legalize recreational weed, as opposed to a citizen-driven ballot initiative.
The Democrat-controlled Legislature approved recreational marijuana in May 2017, but Republican Governor Phil Scott vetoed the measure. He instead ordered the creation of a bipartisan commission to study public health issues surrounding the proposed marijuana legalization, such as how to measure driving impairment and the impact on existing substance abuse problems like the opioid crisis. In December 2016, Scott told Vermont Public Radio that he was "comfortable" approving a recreational marijuana law in 2018.
"A number of states have already legalized it surrounding us," Scott said in December. "Whether we like it or not, it's here and it's being utilized, so we have to take steps to promote the general public."
The Vermont proposal would likely legalize the possession of 1 ounce of marijuana and the cultivation of two mature marijuana plants for adults 21 and older. The punishment for exceeding those legalized limits would be a prison sentence of fewer than three years or a fine.
"Vermont is positioned to be the first domino of several that could fall in 2018," Marijuana Policy Project legislative analyst Matt Simon told Newsweek. "I think it always affects legislators' thinking to see that somebody else has already done this. Getting a legislature to go first has been quite a challenge."
New Jersey: Recreational Marijuana
New Jersey Governor-elect Phil Murphy has pledged to signed adult use regulation legislation within his first 100 days in office. Murphy, a Democrat, defeated incumbent Lieutenant Governor Kim Guadagno in part by championing a recreational marijuana law opposed by then-Governor Chris Christie and his administration.
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That promise depends on a Democrat-led Legislature agreeing to send Murphy a bill to sign. Under a previously proposed plan from Democratic state Senator Nicholas Scutari, recreational marijuana would be legalized for adults 21 and older, and a system would be created for marijuana distribution.
Murphy pointed to marijuana legalization as a way to correct social justice imbalances in New Jersey, where police set an in-state record for marijuana possession arrests in 2015. The American Civil Liberties Union said the tens of thousands of marijuana arrests "exacerbate deep racial disparities" in the state.
Michigan: Recreational Marijuana
Through the Coalition to Regulate Marijuana Like Alcohol, advocates are aiming to put a question about recreational marijuana legalization on the Michigan ballot in 2018. Marijuana advocates submitted 360,000 signatures in November 2017 in favor of the proposal.
Organizers needed to gather 252,000 valid signatures to get the initiative on the ballot, and the group told Newsweek it is awaiting confirmation from the secretary of state’s office about whether it met that goal.
Related: When will marijuana be legal like alcohol?
Marijuana Policy Project spokesman Morgan Fox told Newsweek that Michigan would likely create a system in which licensed businesses could grow and sell marijuana-infused products to adults, with a sales tax. If approved by a statewide vote, Michigan would join eight other states, plus Washington, D.C., that permit recreational marijuana consumption at 21.
1227_Marijuana_Legalization
There are proposals in a dozen states to legalize marijuana in 2018. Getty Images
Delaware: Recreational Marijuana
A legislative task force assigned to evaluate the impact of legalizing recreational marijuana is expected to release a report in February 2018, according to the Delaware News Journal. The 25-member panel, called the Adult Use Cannabis Task Force, was created after a 2017 effort to legalize marijuana failed to clear the House of Representatives. Members were expected to evaluate the impact of a legal cannabis industry in the state.
The Delaware constitution does not allow ballot initiatives, so if the state was to legalize marijuana, it would be forced to act through the statehouse.
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Rhode Island: Recreational Marijuana
Lawmakers in Rhode Island are racing to "hammer out recommendations" for recreational marijuana as nearby states like Maine and Massachusetts implement their own policies, according to Rhode Island Public Radio. The state formed a legislative commission in 2017 to evaluate the impacts of legalizing the drug recreationally. The board is expected to issue recommendations in January 2018 for creating a market.
Advocates for legalization in the statehouse are expected to introduce a bill to decriminalize possession of small quantities of pot in 2018, according to The Providence Journal. Representative Scott Slater, a key sponsor of the bill, said it should be approved before Massachusetts opens its recreational pot shops in July 2018, but leaders in the Democrat-controlled Legislature remain uncertain about legalization.
Connecticut: Recreational Marijuana
The Hartford City Council approved a resolution in 2017 to legalize recreational marijuana. The symbolic move might jolt talk of legalizing marijuana in the statehouse, where previous legislation has died. Altieri told Newsweek that advocates hope momentum in other parts of the U.S. will encourage lawmakers to give "legalization bills serious consideration."
The Marijuana Policy Project said in November 2017 that it plans to "continue the fight" in Connecticut to legalize recreational marijuana in the 2018 session.
Ohio: Recreational Marijuana
A campaign to legalize recreational marijuana is underway in this state, with signature collection expected to begin in January. A similar effort failed in 2015 after the question of legalizing recreational marijuana made it onto the ballot. The group Responsible Ohio is planning a second ballot proposal for 2018.
Oklahoma: Medical Marijuana
Voters will decide whether to legalize medical marijuana during the state's June primary or November election, depending on when Republican Governor Mary Fallin sets the date. If Oklahoma voters approve Question 788 on the ballot, the state will join the 29 other states that have already legalized marijuana for medicinal use.
The law would allow licensed patients who are 18 or older to possess up to 3 ounces of marijuana on their person and up to 8 ounces at their house, according to Tulsa World. Patients would be allowed to grow and possess six mature marijuana plants. The proposal does not specify medical conditions that qualify for medical marijuana; it would be the decision of an Oklahoma physician to prescribe the drug.
Kentucky: Medical Marijuana
Kentucky Secretary of State Alison Grimes is pushing the Legislature to send a bill legalizing medical marijuana to Republican Governor Matt Bevin's desk in 2018. Grimes, a Democrat, created a task force to draft a bill aiding veterans and patients suffering from severe illness.
"This is an issue of which I hoped the Commonwealth would have already addressed," Grimes told the Louisville Courier-Journal. "Many of Kentucky's neighbors have already legalized medical cannabis to aid and help their citizens with pain. Kentucky is behind."
There is some doubt about whether the bill could pass, since Bevin has previously expressed worry about "overdoses" from marijuana.
South Dakota: Medical Marijuana
Signatures to support a 2018 ballot initiative for limited medical marijuana legalization were submitted in November 2017. The secretary of state is reviewing the collected signatures, and the Associated Press said results are anticipated by March 2018.
If medical marijuana makes it onto South Dakota's ballot and voters approve the measure, qualifying patients could possess up to 3 ounces of the plant to treat conditions that include cancer and AIDS. A separate ballot initiative for recreational marijuana in the state was thrown out due to a writing error that was interpreted by the state to mean only marijuana paraphernalia would be legalized.
Utah: Medical Marijuana
Activists are gathering signatures for a 2018 ballot initiative to approve comprehensive medical marijuana legalization. Organizers need 113,000 signatures by April 2018 to get it on the ballot in November. The Utah Patients Coalition set a goal to collect all the signatures by January 10, according to Salt Lake City's Fox 13 News. Utah state lawmakers are also considering broadening the state's existing medical cannabis law, but previous proposals have failed in the GOP-controlled Legislature.
Missouri: Medical Marijuana
An organization called New Approach Missouri is gathering signatures for a ballot initiative to change the state constitution in favor of medical marijuana. The organization told the St. Louis Post-Dispatch that it has 100,000 of the 170,000 signatures necessary to put the initiative on a November 2018 ballot.
Two other initiatives, one backed by former state lawmakers, would accomplish the same goal in 2018.
I was waiting for the sale to
Start on TRTC
I could not pass up some cheap
Buys
Real talk learned just to flip TErra tech
Amongst every MJ event thing never holds its gains
There is no freakin way this thing is closing green. I’ll stop posting in January if it does.
SSC
MM's did a great job scooping up all the FEAR (easily scared newbies) in the .30's!! Back up into the GREEN we go!
Nice to see you here and agree with you 100%. Buy the fear.
It’s already started
Good advice. The traders will run this back over .50 in no time.
TDA bought out Scottrade. $25K in an IRA at TDA and when you trade frequently you get labeled as a Day Trader and the IRA receives Margin.
Also, best charting of the Standard brokers.
Looks like an RS coming soon. Any notes converting soon? Did not do my DD
62M + shares traded !
I can’t really explain what goes on here.
Good One Magnum - Reminds me of arriving at MCRD San Diego in Mar 1967 from Minnesota. Birds were singing, and I had left the snow and cold.
"California Dreaming"
Paying ZERO tax, trading within my ROTH.
Paying a delayed minimal tax trading within my traditional IRA.
Avoiding the short term gains entirely. THE ONLY WAY TO TRADE.
If your not covering here you deserve to lose your profit-greedy-
You will soon be converted over to TDA which does have Free Real time.
Buying red inside of a mania is typically a very sound principle
Sleek
The Anti REC Anti TRTC Agenda dying state by state ...
...best of luck in your forests of cannabis......If you need help I got a light that can help you get out.......
trtc down 15% after yesterdays plus 18% still gives u 3%
I am still struggling with being up 87% yesterday and currently up again 15%....... picks and shovels................
U cannot even tell truth about NJ - TRTC already in NJ
CA open for business NJ next .... sorry for your CA rec loss soon NJ will be in loss column for the anti rec agenda
I think there is still a lot of ground to be had here with this bounce...
TRTC Headed to NJ already ?
Yep, MM are cleaning up with scared investors running for the exits, stop losses, etc.
Keep placing stop losses, they will pick your pocket, they know exactly where it is, and like they said on "Casino" there's "nutin" we could do "NUTIN!"
Well done , your strategy is perfect IMHO
Care to explain?
Came in after the .28 cent resistance was broken and held.
In at .31,.32,33 cents
RSI was 85 yesterday at noon,
Too high!!!!!
Out and smiling!
TDA, put in at least 25000 and get lots of free trades.
In the past he's used days not hours to spread any dilution. And really who does business on the coldest days right after NY's eve?
The man has not done business apparently.
My trades on Scott are only about $4, so you have a problem.
PJ maybe you should just sell on the next upswing and put your money in another stock.
Exactly right,it's not like Derek can make the price change on a whim.Mgmt of the company has zero control over the price,it's those buying and selling that make it bounce.No matter how much some folks may complain otherwise.Even when they type in caps and call mgmt names.
All true. TRTC made lots of money for it's investors the last week. COMPLETELY TRUE. Actually the only truth in that exchange. He sounds like he's frustrated with the amount of the drop. They may not be done yet. L2 shows big sales that disappear before executed - trying to scare the public with false sales
forgot NJ is coming and press from CA first day sales
Yeah,a lot of people are cashing in their 50 - 100% gains they made over the past 2 -6 weeks.We're still good long term.The crops haven't burned and the dispo's haven't closed.Lots of product being sold for TRTC,I am sure business is BLUMing.
They do well in this cesspool. No SEC oversight because of deregulation for years. Even naked shorts are not worried in penny land. maybe 'BS' could end the BS.
Sure wouldn't wanna be out when news hits the wires..
This "BUD'S" for you.
CAPS lock is on ... calm down before anti TRTC posting ... have some IVXX ...
Beautiful head and shoulder pattern setting up here. Don't listen to me just like I called .50 and was wrong there too. Let see this run now
Have I said anything false? Do you deny that TRTC shareholders have seen 100% increase in their pps over the past month? Do you deny that TRTC is a real company that has physical locations selling physical goods that people can go to right now and buy product from?
Shorty might have to pay up this time
Gee, PJ you must have wanted more of a drop. I sure hope so.
I'm right there with ya buddy. I was wondering if anybody could reference a good broker that doesn't charge hundreds per trade and has real time stock quotes. I'm with scottrade now and paying way too much commission.
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