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Predicted $106 Billion in Tax & 1 Million Jobs From Legalized Cannabis

Predicted Tax Jobs From Legalized Cannabis Weed Recommend

A possible one hundred and six billion dollars of new tax revenue could be generated as well as  one million new jobs created by 2025 if cannabis is legalized across all 50 states of America, That’s according to new data published in New Frontier’s latest research paper on the issue, which you can get here https://newfrontierdata.com/product/us-economy-2018/

“Under the new business tax rate of 21 percent, the Trump tax cuts will come as welcome relief to cannabis business owners who already face tax hurdles because of 280E. Lower tax rates may provide cannabis business owners greater capacity to grow and create more jobs. New Frontier Data projects increased domestic and international expansion of new legal cannabis markets and $106 billion in tax revenue over an eight-year period in the U.S.,” said New Frontier Data CEO Giadha Aguirre De Carcer.

This report examines three aspects of what full legalization would look like in contrast to the current, state-by-state patchwork of legalized environments, and the anticipated impacts which full nationwide legalization would hold for the U.S. Treasury.

  • If full legalization occurred in all 50 states today, there would be an excess of 654,000 jobs, and would increase to 1 million jobs by 2025.
  • Full legalization would result in more legal businesses entering the market, more consumers participating in the legal market, and more employees on official payrolls, resulting in $3.3 billion in payroll taxes. By 2025, payroll deductions would increase to $5.3 billion.
  • Assuming a sales tax at the federal level was implemented at 15%, the total tax revenues from 2017–2025 would theoretically be $46 billion. This amount of revenue would be entirely new revenue to the U.S. Treasury, as there are currently no federal sales or excise taxes.
  • By combining the business tax revenues, the payroll withholdings based on the theoretical employment required to support the industry, and the 15% retail sales tax, one can calculate the total federal tax revenue potential of legalization: The combined total is estimated to be $105.6 billion.
  • The difference between the current structure and the theoretical model is a $61.6 billion increase in federal tax revenues.

About New Frontier Data:
New Frontier Data provides objective, rigorous and comprehensive analysis and reporting for the nascent and under served cannabis industry worldwide. New Frontier Data’s analytics and reports have been cited in over 65 countries around the world to inform industry leaders. New Frontier Data, the premiere and only Big Data shop in the sector looks beyond the plant cultivation and distribution, to raise the industry bar and improve visibility into what will inevitably soon be a mature and more complex global market. Founded in 2014, New Frontier Data is headquartered in Washington, D.C. and has additional offices in Denver, Colorado.

New Frontier Data does not take a position on the merits of cannabis legalization. Rather, its mission and mandate are to inform cannabis-related policy and business decisions through rigorous, issue-neutral and comprehensive analysis of the legal cannabis industry. For more information about New Frontier Data please visit: www.newfrontierdata.com.

Source

New Frontier Data’s Executive VP of Industry Analytics, John Kagia and California Cannabis Cultivator, Swami Chaitanya talk legalization of cannabis in California on BBC World News.

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PotCoin – The Cannabis Industry’s Cryptocurrency

Weed Recommend Potcoin

Potcoin is, in my opinion, the cannabis industry’s very own version of bitcoin – using the blockchain technology that cryptocurrencies like bitcoin are based on. The main use of the currency has been to bypass the banks who are refusing to provide cannabis dispensaries with the same financial services that other legal businesses are accustomed to – like holding money. These policies by the big financial institutions have left cannabis businesses vulnerable to opportunist armed thieves, needing heavy security to hold the large sums of cash generated at weed shops

Rivals

Potcoin, having been up against a few other cannabis themed cryptocurrencies early on in it’s life, has emerged as one of the leaders in becoming an industry standard digital payment method. The other cannabis based crypto currencies never really caught up with the spread of Potcoin and have slowly faded into the background. Potcoin has been adopted as the main cryptocurrency (or altcoin) by a vast number of cannabis industry vendors – even over more mainstream currencies like BitCoin, Dash, Etherum , Litecoin etc

Dash is seeking to do the same job for dispensaries as Potcoin so is there room for both? I’m guessing yes, with room for a few more altcoin. When you consider that most Potcoin owners are from the wider cannabis community and many businesses accept it then you can only assume it will be here to stay, albeit among others

Privacy

If privacy is a concern for you – Potcoin, like other cryptocurrencies allows for you to remain anonymous when purchasing cannabis industry products and services as there is no personal details needed to own a wallet –  *some websites offering wallets may require personal details*  You can keep your anonymity if you need to as you can make as many different wallet addresses as you like

Potcoin Wallets

You can own a wallet on your computer and other devices or have an online website hold it for you…or both. Having your own wallet on your computer has some great advantages over online wallets. One being that Potcoin wallets can be moved to a portable hard drive for safe keeping. The other one is that keeping Potcoin in a wallet on your computer or other devices means your Potcoin isn’t vulnerable to being stolen or disappearing from the online wallets provided by websites who could come under attack from hackers. The other great advantage to having the Potcoin wallet running from your computer or device is that you can yield a 5% annual return on your Potcoin just by being a node on the network, which helps speed up the network and transactions, I like that part!


Here’s a brief introduction video on Potcoin, produced by PotWallet.com where you can download the PotCoin Wallet to keep on your computer or portable device or you can use one of their online wallets – Recommended if you’re a technophobe

What is Potcoin? – Digital Currency for the Cannabis Industry

“PotCoin www.Potcoin.com was designed to empower, secure and facilitate the legal cannabis community’s transactions by creating a unique crypto currency for this thriving industry. PotCoin removes the need for cash transactions and encourages buying through consumer incentives. On every level of the cannabis industry, users and supporters can entrust PotCoin to extend credibility, stability and security to this growing market” – Potwallet.com

I encourage all of the cannabis family to research the currency as well as the many other good cryptos out there. Potcoin is my first choice if my vendor accepts it as payment because I feel like it is ours – the cannabis community’s to use and value. The idea is that the more people who buy and use PotCoin the more the currency is worth and the more stable it becomes. Beware though, if you are trying to make some money through trading it remember that cryptocurrencies are volatile so can change in value very quickly. If you are taking the leap to buy and hold Potcoin for the long haul in a hope that the value increases then only gamble with a small amount of money, small enough that you won’t miss it if its lost, All currencies fluxuate in price so are a gamble, crypto is just a  much bigger gamble with much bigger losses and gains to be had. Please do lots of research if your intention is to trade any crypto


You can get Potcoin and learn more about it through the links below:

PotCoin Official Website – http://www.Potcoin.com

PotWallet – Potcoin Wallet & Trading Platform – http://www.PotWallet.com

PotCoin Community Forums & Discussions – http://www.reddit.com/r/potcoin/

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Colombia Gold: Cannabis Politics, Valhalla & Fair Trade

Video playlist below

“Cannabis News Network traveled down to Colombia for an exclusive 3 part report on the state of medical cannabis in Colombia: Colombia Gold. This is part 1 on cannabis politics.

Colombia is perhaps best known among most people for the failed War on Drugs, thanks to Netflix’ internationally acclaimed ‘Narcos’ which debuted in 2015. Whereas the whole world was introduced to the horrors of a failed War on Drugs in the beautiful country of Colombia, the country itself wants to move on from a war that got 220.000 people killed, millions of people homeless and billions of dollars wasted.

Legislation in 2012 had already decriminalized private use, possession of up to 20 grams and 20 plants for personal use. 3 years later in 2015, Colombian President Juan Manuel Santos legalized medical cannabis. The Nobel Peace Prize winner of 2016, announced in a nationally televised address he signed legislation, allowing licenses to be granted for the possession of seeds, cannabis plants and cannabis.

We’re now two years further and Cannabis News Network traveled down to Colombia for an exclusive report on the state of medical cannabis in Colombia: Colombia Gold.

The three part series called Colombia Gold, features a wide variety of experts including Martin Jelsma (Transnational Institute), Andrés López (Director National Narcotics Control), Ricardo Vargas (Director de Acción Andina Colombia), Diana Paola Valenzuela (Institute of Studies for Development and Peace), Julian Caicedo (Anandamida Gardens) and more.

We take a look at the politics of cannabis, medical cannabis licenses and fair trade cannabis. Especially the latter two are dubious, as the first license was handed to a privately owned Canadian medical cannabis company, Khiron. The licenses granted also allow companies to export legal medicinal cannabis. Quite a change looking at recent history”

 

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Digital Currency Looks to Solve Cannabis Industry’s Cash Problem

Originally posted on CoinTelegraph.com

Digital currencies may solve some the legal cannabis industry’s woes by becoming an alternative to cash payments. Despite recent state-level ballot initiatives across the US that legalizes marijuana in one form or another, the drug still remains illegal at the federal level. While it’s unlikely the feds are going to go after legal cannabis dispensaries any time soon, the legal murkiness does create one serious problem.

Cash-only

Banks won’t deal with cannabis dispensaries.

Consider the ramifications. No banking means no payment processing, which means customers can’t use credit or debit cards to make purchases. According to a 2016 survey, 75 percent of customers prefer to pay with credit or debit cards, with only 11 percent preferring to pay with cash.

Unfortunately, dispensaries can’t give customers what they want – payment methods other than cash – because banks won’t do business with them. Consequently, the customer is inconvenienced and the merchant loses potential sales.

A lack of banking causes even more serious problems. Since the industry is forced to accept only cash for payments, marijuana dispensaries are an excellent target for robbers and thieves due to the large amount of cash they keep on premises.

There’s still a larger problem than that, which is perhaps the biggest of all: dispensaries have great difficulty paying their expenses. Utilities, tax assessors and vendors would much rather not be paid in cash, and some vendors may not even accept cash payments.

The cost of protecting large sums of cash is prohibitive. The need for armored cars, safes and guards depletes the bottom line. It’s been estimated that cash handling expenses can amount to 10-15 percent of sales.

Changes are coming

Seeing an opportunity to gain access to a $6.7 bln market, the digital currency Dash partnered with Alt Thirty Six in April 2017. The Dash network, through its decentralized self-funding mechanism, is paying the company $496,000 to integrate Dash as a payment option in the cannabis industry’s point of sale (POS) systems. The vendor also has skin in the game, having spent nearly $700,000 of their own money developing the POS platform.

As part of this arrangement, Dash will be the only digital currency offered by the point of sale platform. According to the budget proposal submitted to the Dash network:

“We have three major verticals identified and solidified reseller partnerships that will adopt the Alt Thirty Six + Dash payment solutions:

  • Independent Software Vendors (ISV) – Music & celebrity apparel company (100+ online stores), online marketing automation partner (600+ clients), and more.
  • Value Added Reseller (VAR) –IBM, Sirius Computer Solutions, Industry Specific point-of-sale (POS) Partners
  • Ecommerce Retailers – Sirius Computer Solutions​”

The vendor has been making monthly progress reports to the Dash community and work continues apace. The platform’s initial release is scheduled for December of this year.

Going mainstream

The road to mainstream adoption of digital currency has to begin somewhere, and perhaps no other industry needs cryptocurrency as much as this one. Many have suggested that digital currencies could gain adoption by saving vendors money on credit card fees, and this is certainly possible. But such fees usually amount to no more than three percent.

With the legal marijuana industry, Dash has the potential to save merchants up to 15 percent, which would be a massive boon to their bottom line. Dash is suitable for point of sale use because of its InstantSend feature. Transactions sent via InstantSend are fully confirmed and irreversible in four seconds. Bitcoin transactions, by comparison, usually aren’t considered fully “settled” until six confirmations are received, which can take an hour or more.

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Italy farmers fight contamination with cannabis plant

Farmers in a region of Italy once known for cheese have turned to cultivating a type of cannabis — not to smoke or sell, but to decontaminate polluted soil. The fast growing hemp plant absorbs contaminates through its roots and even transform some of the contaminates. The video takes a look at some of the other uses for hemp and some of the products than can be made from it, including an apartment block built from hemp…check it out

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Ecologists worried about illegal marijuana farmers using lethal chemicals

Last year 57 percent of Americans told the survey’s pollsters that they “think the use of marijuana should be legal,” up from 52 percent in 2014.

The numbers from the the General Social Survey — a large nationwide survey conducted every two years and widely considered to represent the gold standard for public opinion research — comport with other national surveys last year, which found support ranging from the upper 50s to low 60s.

Gabriel, executive director of the nonprofit Integral Ecology Research Center, never imagined his scientific work would entail taking part in federal raids with a pistol in his holster. But everything changed in 2009, explains writer Julian Smith in his profile of Gabriel for biographic.com

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High There! App Is The Tinder For Cannabis Users

When you’re actively seeking out new friendships or relationships you can feel a little anxious and so most people use online dating apps to help them filter out unsuitable candidates. These filters are usually based on everything from looks, political & religious beliefs to a person’s career. For a cannabis user the process can take longer as after you’ve been matched you then need to find out how your match feels about cannabis. Often its not a problem but on occasion you will encounter someone who is staunchly opposed to cannabis use. With the High There! App you can forget that worry and get on with getting to know people

High There! is exclusively aimed at all cannabis people…medicinal users, downtime users and flat out stoners alike.

“High There! is the first global social network for the cannabis community that was created with a mission of connecting the cannabis community in a judgement-free environment”

“High There! is a social network that promotes uniting cannabis users and enthusiasts with each other in a friendly and judgment-free environment. Recognized by many as a leading social network in the cannabis industry”

Download The App Here

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Canadian Pharmacy Chain Offers Employees Medical Marijuana Insurance

 

Although medical marijuana is not traditionally covered under company-paid health insurance programs, the largest pharmacy chain in Canada has changed this by allowing thousands of workers to have access to medical cannabis under the company’s benefits package.

According to a report from The Star, Loblaw Companies Limited and Shoppers Drug Mart recently announced medical cannabis coverage as part of its employee health insurance.

The company stated that, effective immediately, insurance provider Manulife will cover the herb for patients suffering from “spasticity and neuropathic pain associated with multiple sclerosis and nausea and vomiting in chemotherapy for cancer patients,” up to $1,500 per year.

Read more Here

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Watch: Is Hemp Battery Better Than Lithium Ion…This man thinks so!

It’s starting to feel like the hemp/cannabis plant is limitless in what it can be used for. This ancient crop already has over 50,000 uses from nutrition to housing but still new ones are realised. Hemp batteries are being worked on by different academics around the world as an alternative clean source of energy storage.  We came across this video from YouTube channel Robert-Murray Smith who is running some performance tests with hemp to be used in a battery

Robert-Murray Smith – The main focus of the channel is on energy, graphene, batteries and super capacitors

 

In the description for his second video which followed soon after said: “I am sorry for bothering you with this again but this result is just too fantastic not to share.” which made me laugh because he is clearly excited, something people often experience when learning about the plant. Anyway check out what he has to say

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Everyone will be using cannabis within the next 10 years! Even YOU!

Blog From the UK’s Teesside Cannabis Club:

While every cannabis activist up and down the country makes big noises about major conditions such as cancer, MS, fibromyalgia, etc, one medical application doesn’t seem to come up that much, despite the fact that right now, it’s probably one of our major playing cards!

Earlier this week, Commercial Secretary to the Treasury, Lord O’Neill of Gatley, who led a government review on antimicrobial resistance (AMR) programs, called for a $2bn (£1.5bn) investment in global innovation funding for research by 2020.

This is part of global effort by 80 plus pharmaceutical companies that feature such upstanding names as GSK, Merck, Johnson & Johnson and Owen Smiths old running pals, Pfizer, to have governments fund research over the next 10 years to the tune of $16-37bn.

In a joint declaration, at the World Economic Forum, they said the value of antibiotics “does not reflect the benefits they bring to society”.

In return, they have promised to invest in research and improve access to antibiotics around the world.

I’m just guessing here, but I’m supposing that these fine paragons of virtue wouldn’t overlook the fact that in 2008, a first of its kind study conducted by a team of British and Italian researchers, found that cannabinoids can be used as antibiotics. Super antibiotics in fact!

Specifically, the team tested five of the most common cannabinoids against six different MRSA strains of “clinical relevance”, including epidemic EMRSA strains, which are the ones responsible for hospital outbreaks. They found that every single one of the showed “potent activity” against a wide variety of the bacteria.

One of those cannabinoids is Cannabigerol (CBG). CBG is a primary cannabinoid found profusely in hemp. This will make the antibiotics of the future very very affordable to everyone!

The good news for us cannabis connoisseurs, though, so are THC and CBD.

The current antibiotics crisis is coming from our food chain, driven by drugs that these same companies have distributed. Colistin, our last line of defence for AMR, has been fed to livestock for so long that they’ve built up a resistance that is being passed on to us.

In 2008, the Express led with headlines of “Superbug threat ‘ranks alongside terrorism’”.

Something that England’s Chief Medical Officer, Professor Dame Sally Davies, said in 2013 “could be viewed as understated.”

Why should we trust these companies to come up with new drugs when their old ones are now letting the system down and plainly ignoring evidence on alternatives? Why pay for failure, when there are other ways?

By removing these drugs from our livestock and feeding them a healthier alternative, we can have healthier animals.

Hemp-fed cattle are steroid, hormone and ANTIBIOTIC free! Apparently, they taste better as well. Seeing as Americans also love their pork, the medicinal industry has been passing their waste over to pig farmers who report having healthier and heavier pigs. Even the chickens are getting in on the act with eggs that have richer yolks.

Just think how much it would save Brexiting farmers to be able to produce all of their own feeds from their rotation crop land! Think how much more they would make from legal cannabis!

769,230 Reasons Brexiting Farmers Should Support Recreational Cannabis – Recommended reading

It would certainly go a long way towards settling the future of young British farmers concerned with the loss of EU subsidies.

Lord O’Neill, the junior treasury minister and architect of the northern powerhouse, who has just quit the Tory party to join the lords could have solved two issues with one resource.

The northern powerhouse was supposed to be built on Graphene! A material that can be produced from cannabis at $500 per ton, rather than the current $2000 per gram from coal/graphite. One change in legislation and he builds the northern powerhouse while also producing highly effective antibiotics on a local basis, rather than shelling out £2bn to his big pharma friends in parliament and the lords.

You would think that with all of the highly paid government researchers our taxes pay for, they could easily figure this out on their own!

Whether you agree with legalisation or not is now becoming highly irrelevant! The human rights implications when it comes to antibiotics now negates any debates! Should, god forbid, something of the nature of a superbug to develop, your life could very well depend on .cannabis in the near future.

The really big question in all of this, do we pay the price gouging vulture capitalists of big pharma, or pop down the road to see the big farmer?


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