Thursday, January 2, 2014

Marijuana madness: Denver councilman retracts weed fears; stocks (and prices) rise; and Pueblo drug dealer relaxes

Posted By on Thu, Jan 2, 2014 at 7:07 PM

click to enlarge screen_shot_2014-01-02_at_4.43.49_pm.png
By now, you're probably sick of stories about Green Wednesday, also known as Jan. 1, the first day recreational marijuana became legal to purchase in stores. Pretty much every news organization in the galaxy covered yesterday's rollout, with the big takeaway seeming to be that supply is limited and prices are rising fast, both issues advocates thought likely in this week's Indy cover story.

After witnessing the calm crowds anxious only to flex their rights, Denver City Councilor Charlie Brown even reversed course on this thoughts that yesterday would lead to "cannabis chaos," reported the Denver Post.

"I have to change that," Brown said on Wednesday, sitting in a chair inside the Medicine Man Denver marijuana store in Montbello. "I'm going to call it 'Marijuana Milestone.' "
(Medicine Man is listed in our directory of centers said to be open this week, so check that out if you're interested in trying your luck.)

In the meantime, some fun follow-ups include the fact that stocks previously thought sketchy are way up after our state's big day, reports FOX Business ...
Medbox, which makes marijuana dispenser machines, was recently trading up 57.01% at $28.67. The volatile stock traded as low as $10.00 just last week.

Other related stocks that are on the rise on Thursday include Medical Marijuana (MJNA), Hemp Inc. (HEMP), Tranzbyte (ERBB), GrowLife (PHOT), Greengro Technologies (GRNH) and Cannabis Science (CBIS). [The latter is based in Colorado Springs.]
... some North Carolinians were a wee bit afraid of the new Rocky Mountain reality ...
Approaching the dispensary, I was shaking. It feels really counter-intuitive to walk into an establishment selling what you know and have always known to be illegal. 
... the Pueblo Chieftain talked to one Colorado black-market dealer completely unfazed by all this ...
“People will get real tired of paying the taxes real fast,” Tracy said. “When you can buy an ounce from me for $225 to $300, the state adds as much as $90 just for the tax.”
... and artist Jenny Stout drew the symbolic first recreational buyer in Colorado, Iraq war veteran Sean Azzariti, with a voice balloon that says "One marijuana please," and a dollar bill that reads, "Best day ever!"

click to enlarge Iraq War veteran Sean Azzariti. - JENNY STOUT
  • Jenny Stout
  • Iraq War veteran Sean Azzariti.

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