Colorado State University did a study last year on the amount of ounces that will be used by residents. The study said that 2.1 million ounces will be consumed in the year 2014. That is 142,000 pounds of marijuana. They also state that the average person will use 3.5 ounces of cannabis.
When I think about it more, it seems like the average smoker would smoke more than 3.5 ounces in a year.
A new study from Colorado State University estimates that Coloradans will use more than two million ounces of marijuana in 2014.
The study, from the Colorado Futures Center at CSU, predicts that some 642,772 state residents -- about 12 percent of the population -- will buy legal marijuana next year, reports Matt Ferner at The Huffington Post.
The researchers believe that each cannabis customer will purchase about 3.5 ounces of pot during the year (seems rather conservative to us), for a grand total of 2,258,985 ounces of weed sold -- about 142,000 pounds, or 71 tons.
The study estimates each ounce of weed will cost about $185; they arrived at that figure by averaging prices at the crowd-sourced website PriceofWeed.com. Based on that price, and with estimated taxes added, Coloradans will be spending about $420 million (yeah, $420 million) on marijuana in 2014.
But that figure, like Coloradans themselves, could get substantially higher. When the data were compiled, recreational marijuana was still illegal, and PriceofWeed.com currently shows the average price of "low quality" marijuana at $222.
Voter-approved Amendment 64 also allows Coloradans to grow their own cannabis, so the numbers could go down if more residents opt to do it the smart way rather than paying retail prices.
Colorado's first industrial hemp crop in almost 60 years is now growing.
Ryan Loftin, a farmer in Springfield, Colorado, on Monday began planting 60 acres of industrial hemp in fields previously used for alfalfa, according to the Denver Post.
He and business partner Chris Thompson are installing a seed press to produce hemp seed oil, reports Patricia Collier of The Associated Press.
Hemp, like marijuana, comes is a form of the cannabis plant. Industrial hemp typically contains little or no THC, the main psychoactive substance in marijuana, but it has dozens of uses in food, fuel, clothing and industrial materials.
Ryan Loflin, seen above storing his hemp seeds in a bag, planted the largest hemp crop in Colorado in 60 years. Loflin is planting 60 acres of hemp on land that was used for alfalfa. The crop has already gained much attention from media and a documentary film crew.
Loflin and his business partner, Chris Thompson, will also be installing a seed press to produce hemp oil.
“This is monumental for our industry,” said Bruce Perlowin, chief executive of Hemp Inc. “It will unlock a clean industrial revolution that will be good for the economy, good for jobs and good for the environment.”
A Denver attorney is threatening a lawsuit if Colorado Gov. John Hickenlooper signs House Bill 1317, the marijuana regulation bill that includes a requirement for marijuana magazines to be kept behind store counters.
HB 1317, recently passed by the Legislature, also contains other regulations on the sale of marijuana and the licensing of cannabis businesses, report Lindsey Sablan and Phil Tenser of The Denver Channel. Gov. Hickenlooper has said he intends to sign the plan into law.
David Lane, a veteran criminal and defense attorney based in Denver, threatened a lawsuit over the marijuana magazine rule. He is representing two cannabis publications, the Daily Doobie and the Hemp Connoisseur.
"My own personal belief is that this is a blatant First Amendment violation," Lane wrote in a letter to Colorado Attorney General John Suthers. "It has apparently passed muster with the House and Senate and the governor will be signing it shortly. Please inform Governor Hickenlooper that if this is signed into law, he can expect a First Amendment law suit filed promptly."
Colorado has taken another step down the path of drug sentencing reform with the passage of Senate Bill 250. The governor is expected to sign it into law.
Colorado has taken another step down the path of drug sentencing reform with the passage of Senate Bill 250. The governor is expected to sign it into law.
Colorado has passed their marijuana DUI bill known as House Bill 1325 by a 24-11 vote. You can now be receive charges similar to drunk drivers, which means possible loss of license or worse jail time. If you are caught driving with 5 nanograms of THC per milliliter of blood or more, you could be booked for a marijuana DUI.
The bill must now be approved by Governor John Hickenlooper to become law. Hickenlooper supports stoned driving legislation and has said he will sign the bill.
When trying to figure out if someone is too stoned, nanograms is accurate enough. You could have that in your blood and not even smoked that day. I just hope people that are completely sober but have 5 nanograms in their system don’t get screwed over.
The Colorado legislature Wednesday approved a pair of bills that will establish a regulated marijuana market for adults. The legislature was charged with doing so when voters approved the marijuana legalization Amendment 64 last November.
May 21, 2013
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Posted by Green
Categories: News, Videos
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Tags: 1 Million, Average Person, Cannabis, Colorado, Colorado State University, Colorado University, featured, Medical Cannabis, Ounces, Pounds Of Marijuana, recreational cannabis, Smoker, State
By Steve Elliott
By Steve Elliott
