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Cannabis taxes in Alaska, overdose prevention in New York, potential product contamination in Arizona and more


20-Year-Old Professional Trader Unveils His “MoneyLine”

Throw away your indicators and use the “MoneyLine”. A simple rule tells you when to buy and sell without the guesswork. It’s a line on a chart that has helped Nic Chahine win 83% of his options buys. Here’s how he does it.


Alaska: House sends cannabis tax measure to Senate

The Alaska House of Representatives voted in favor of House Bill 119 – a cannabis tax measure – on Friday, Alaska Beacon reported. The measure was approved by a vote of 36 to 3.

If the bill passes the Senate and gets it Gov. Mike Dunleavy’s (right) Signing it would create the first statewide sales tax, changing the current $50 per ounce marijuana tax to a 7% sales tax.

Ryan Tunseth, president of the Alaska Marijuana Industry Association, said he was pleased the bill passed the House of Representatives, even with a tax rate higher than the industry’s preference. Tunseth added that he would survey cannabis companies about their views on the current version of the bill.

The original recommendation in the bill was to impose a 3% sales tax, but that was deemed too low to gain further legislative support, so a 10% sales tax was proposed, which was later reduced to 6%. In the House of Representatives this was increased to 7% by an amendment.

Representative Jesse Sumner (R) believes that higher taxes will make it more likely that the bill will pass the Senate.

See also: Cannabis investors scammed: Thousands lost in fake resort in remote Alaskan village

New York: Senate committee approves bill to create overdose prevention center program

The Senate Health Committee approved legislation that would establish a statewide overdose prevention center pilot program in New York. Committee members passed the bill, S.339 Senator Gustavo Rivera (D) by a 7-6 vote last week.

In 2021, New York City became the first city in the country to open two overdose prevention centers where people can use illegal drugs and receive medical care and services. Overdose prevention centers are safe places where people can consume pre-purchased medications in a controlled environment, under the supervision of trained staff. Users have access to sterile consumption equipment, tools to monitor their medications for the presence of fentanyl and connections to health care, counseling and referrals to health and social services, including drug treatment. The measure now heads to the Senate Finance Committee.

See also: ‘I was treated like I was a human,’ says one of 2.8 thousand participants in overdose prevention centers that save hundreds of lives

“The Department is hereby authorized to establish a five-year Safer Consumption Services pilot program to operate ten overdose prevention centers throughout the State,” the legislation reads. “Such a program will aim to reduce the risk of overdose and other adverse effects associated with substance use.”

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New Hampshire: Senate president doesn’t want to see cannabis legalization, period

President of the Senate Joseph E. “Jeb” Bradley (R) said he does not want the cannabis legalization bill to leave the Senate.

In a Sunday interview with WMUR, Bradley commented on the marijuana legalization measure, expressing his opposition.

“Marijuana will rise or fall on its own,” he said. “I think there are significant issues with legalizing marijuana – health issues (and) mental health issues that are increasingly being documented.”

“I don’t think any state should invite the black market for marijuana into its state, and that’s what will happen. And look, I say that as someone who was the architect of the compromise to decriminalize marijuana. But sometimes a a step too far is a step too far, and I think that’s what marijuana is.”

Bradely’s comments follow tThe approval by the Senate Committee on Cannabis Legalization of an amended version of the cannabis legalization bill more in line with the demands of Governor Chris Sununu (R). The amended version of the bill includes a franchise model that would limit the number of stores to 15 across the state.

Arizona: Possible contamination of cannabis products with Aspergillus

The Arizona Department of Health Services (ADHS) announced last week that a state cannabis company is voluntarily recalling a specific product due to possible Aspergillus contaminationa fungus that can cause allergic reactions or infections, usually in people who are already ill from something else.

The product being voluntarily recalled is Onion Bhaji, batch number OBHA111423, and the department is advising buyers to discard the product described in the table below, which was found to be positive for the mold in laboratory testing. To date, no illnesses have been reported.

This isn’t the first time a cannabis mold warning has occurred in the Grand Canyon State. In November, marijuana dispensary Nirvana Center issued a voluntary recall for its “Grim Reefer” products after they tested positive for Aspergillus.

Photo: Courtesy of Pong Pong via Shutterstock


20-Year-Old Professional Trader Unveils His “MoneyLine”

Throw away your indicators and use the “MoneyLine”. A simple rule tells you when to buy and sell without the guesswork. It’s a line on a chart that has helped Nic Chahine win 83% of his options buys. Here’s how he does it.


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