Monday, July 20, 2009

California sprouts 'green rush' from marijuana

California sprouts 'green rush' from marijuana
California sprouts marijuana 'green rush' amid calls for legalization, taxation


SAN FRANCISCO (AP) -- A drug deal plays out, California-style: A conservatively dressed courier drives a company-leased Smart Car to an apartment on a weekday afternoon. Erick Alvaro hands over a white paper bag to his 58-year-old customer, who inspects the bag to ensure everything he ordered over the phone is there.

An eighth-ounce of organic marijuana buds for treating his seasonal allergies? Check. An eighth of a different pot strain for insomnia? Check. THC-infused lozenges and tea bags? Check and check, with a free herb-laced cookie thrown in as a thank-you gift.

It's a $102 credit card transaction carried out with the practiced efficiency of a home-delivered pizza -- and with just about as much legal scrutiny.

More and more, having premium pot delivered to your door in California is not a crime. It is a legitimate business.

Marijuana has transformed California. Since the state became the first to legalize the drug for medicinal use, the weed the federal government puts in the same category as heroin and cocaine has become a major economic force.

No longer relegated to the underground, pot in California these days props up local economies, mints millionaires and feeds a thriving industry of startups designed to grow, market and distribute the drug.

Based on the quantity of marijuana authorities seized last year, the crop was worth an estimated $17 billion or more, dwarfing any other sector of the state's agricultural economy.

Experts say most of that marijuana is still sold as a recreational drug on the black market. But more recently the plant has put down deep financial roots in highly visible, taxpaying businesses:

Stores that sell high-tech marijuana growing equipment. Pot clubs that pay rent and hire workers. Marijuana themed magazines and food products. Chains of for-profit clinics with doctors who specialize in medical marijuana recommendations.

The plant's prominence does not come without costs, say some critics. Marijuana plantations in remote forests cause severe environmental damage. Indoor grow houses in some towns put rentals beyond the reach of students and young families. Rural counties with declining economies cannot attract new businesses because the available work force is caught up in the pot industry. Authorities link the drug to violent crime in otherwise quiet small towns.

"For those of us who are on the front lines, it's not about pot is bad in itself or drugs are bad," said Meredith Lintott, district attorney in Mendocino County, one of the country's top marijuana-producing regions.

"It's about the negative consequences on children. It's about the negative consequences on the environment."

Still, the sheer scale of the overall pot economy has some lawmakers pushing for broader legalization as a way to shore up the finances of a state that has teetered on the edge of bankruptcy. The state's top tax collector estimates that taxing pot like liquor could bring in more than $1.3 billion annually.

On Tuesday, Oakland will consider a measure to tax the city's four marijuana dispensaries, which the city auditor projects will ring up $17.5 million in sales in 2010. The city faces an $83 million budget shortfall, and expects the marijuana tax to raise $315,000. Read Article... http://finance.yahoo.com/news/California-sprouts-green-rush-apf-2590287496.html?x=0&sec=topStories&pos=3&asset=&ccode=
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Tuesday, July 7, 2009

Plant disease hits eastern US veggies early, hard

Plant disease hits eastern US veggies early, hard
Tomato, potato blight hits eastern US; experts say it's spurred by rain, big-box distribution


CONCORD, N.H. (AP) -- Tomato plants have been removed from stores in half a dozen states as a destructive and infectious plant disease makes its earliest and most widespread appearance ever in the eastern United States.

Late blight -- the same disease that caused the Irish Potato Famine in the 1840s -- occurs sporadically in the Northeast, but this year's outbreak is more severe for two reasons: infected plants have been widely distributed by big-box retail stores and rainy weather has hastened the spores' airborne spread.

The disease, which is not harmful to humans, is extremely contagious and experts say it most likely spread on garden center shelves to plants not involved in the initial infection. It also can spread once plants reach their final destination, putting tomato and potato plants in both home gardens and commercial fields at risk.

Meg McGrath, professor of plant pathology at Cornell University, calls late blight "worse than the Bubonic Plague for plants."

"People need to realize this is probably one of the worst diseases we have in the vegetable world," she said. "It's certain death for a tomato plant."

Tomato plants have been removed from Home Depot, Wal-Mart, Lowe's and Kmart stores in all six New England states, plus New York. Late blight also has been identified in all other East Coast states except Georgia, as well as Alabama, West Virginia and Ohio, McGrath said.

It is too early in the season to know whether infected plants will taint large crops or negatively affect commercial growers. But if that happens, growers could be forced to raise prices to cover costs associated with combating the disease.

Agriculture officials in the various states still are trying to determine where the outbreak started. One major grower, Alabama-based Bonnie Plants, supplies most of the tomato plants to big-box stores, but it is unclear whether the plants were infected before or after leaving the supplier's multiple greenhouses.
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Born to Be Mild

Born to Be Mild
6/27/2009

Barron's writer Naureen Malik tests out the super-quiet Enertia, an electric motorcycle with a high-octane price.

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Wednesday, July 1, 2009

Irish commissioner says EU Treaty would be rejected in most countries

Irish commissioner says EU Treaty would be rejected in most countries

(Source EUObserver) Ireland's EU commissioner, Charlie McCreevy, has said that the Lisbon Treaty would be rejected by most member states if put to a referendum.
With just a few months to go before his own country's second referendum on the document, the plain-speaking former finance minister said 95 percent of the 27 member states would have said "no" to the new institutional rules if it had been put to a vote.
The commissioner, in charge of the internal market, reckons all leaders know this and it is only officials working in the EU institutions who have unrealistic expectations about the popularity of the treaty, designed to streamline how the EU functions and removing the unanimity requirement for decision-making in most policy areas.

"When Irish people rejected the Lisbon Treaty a year ago, the initial reaction ranged from shock to horror to temper to vexation. That would be the view of a lot of the people who live in the Brussels beltway," he told the Institute of Chartered Accountants of Ireland on Friday (26 June), reports the Irish Times.

"On the other hand, all of the [political leaders] know quite well that if the similar question was put to their electorate by a referendum the answer in 95 per cent of the countries would probably have been 'No' as well."

"I have always divided the reaction between those two forces: those within the beltway, the 'fonctionnaires', those who gasp with horror [on the one hand] and the heads of state, who are far more realistic. They are glad they didn't have to put the question themselves to their people."

Ireland rejected the Lisbon Treaty in a referendum a year ago. In the run up to that vote, Mr McCreevy stole the headlines by saying he had not read the treaty from cover to cover and that no "sane" person had done so. Read Article... http://euobserver.com/843/28382
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