275  7TH Ave  7th floor New York , NY 10001                                                                                                                dcullinanecpa@yahoo.com

​                                                                                                                                                                                                     Chelsea / Lower Manhattan​​

​Daniel Cullinane CPA                                   p 848-250-9587                                                                                                                                     

​Arash Shirazi is a pretty cosmopolitan guy. A music agent and filmmaker, he hangs out with creative types and bohemians. He’s lived in L.A., and spent time in cities such as, yes, Amsterdam, so it’s fair to say that he’s not particularly prudish in his social life.

And yet. . . leaving a Washington parking lot recently, he took pause when a distinctively skunky scent passed under his nostrils.

Of course he’d smelled marijuana before. But this was a weekday afternoon — in Georgetown!

“I was surprised,” he explained. “Georgetown’s a bit more buttoned-up.”

Well, that’s what they used to say about Washington in general. But now, more than two years after the District legalized marijuana possession, it seems that everywhere you go in the nation’s capital, you catch a whiff of weed. And it’s often in the places where you least expect it.

On H Street downtown, as you wind your way between officeworkers rushing back from lunch.

At 10th and E, in the shadow of the FBI headquarters.

In the hallway of your apartment building. In the foyer of your gym. In Aisle 9 of the Walmart, wafting in through the beach towels. (Wait, Walmart?)

If you’re seeking it out, you can find the flower in Washington in almost any form: crushed, concentrated, liquefied, baked into an omelet. Puffing in public remains prohibited, but you can toke up at a wide variety of private events, enroll in a gardening class, or host a catered dinner party, where appetizer, entree and dessert are all “infused.” LeafedIn, a site that pinpoints consumers and vendors on city maps, shows downtown D.C. buried under cannabis leaf icons. There’s even one hovering over the White House.

For those who don’t partake, this world is largely invisible, if not odorless. And now that it’s summer, the humidity keeping all scents close, it’s ever more obvious: Washington is smoking more weed than you ever realized.

Stephen Sears, an academic librarian who lives on Capitol Hill, calls it “ghost weed syndrome” — that lingering sense of a scent, unmistakable but often untraceable.

Theoretically, we should all be much more blase about this — nearly 70 percent of D.C. residents voted for legalization. And yet the city’s sharp new fragrance remains a curiosity. Who’s that smoking? Where’s that coming from?

“You have to wonder if these older Capitol Hill denizens have been smoking this whole time,” Sears muses.

Like Platform 9¾ or the wardrobe that leads to Narnia, the portals to D.C. weed world hide in plain sight. Muggles walk right past them.“I’ve lived in this building for almost 20 years, and in the last month or so it’s smelled like weed all the time,” says Elizabeth Terry, a communications consultant who lives in Cathedral Heights. “I’m walking down the hall, sort of sniffing to figure out which unit it is.”

Elizabeth Thorp was puzzled when she picked up the scent in the plaza of a massive office complex near Chinatown. A nearby party? A leisurely lunch break? “Even in the suburbs of Bethesda, I hear that middle-aged people are partaking,” Thorp, who edits the women’s comedy and news site pypo.com, says.

Jen DeMayo caught a whiff while leaving Southwest Neighborhood Library, where she teaches a Tuesday-night yoga class. It seemed like an odd place to light up, but perhaps not: At least one D.C. yoga class incorporates marijuana as well as mindfulness.

Maybe these fumes are just what the District needs. “I like the idea of D.C. being on one big contact high,” mused Adam Goodheart, a D.C.-based writer. “Some member of Congress may be walking down the street, fuming about health care, getting themselves worked up into a partisan fury, and find themselves mysteriously mellowing.”

But who are all these people lighting up, just out of sight? The stoned and the sober often cross paths without knowing it, like characters in a Marx Brothers sketch. At 11 a.m. on a Tuesday, a group of young men passed a blunt on the steps of the Smithsonian American Art Museum. Kyla Frank, passing out fliers for a tour bus company on the other side of the building, couldn’t figure out who was stinking up her mornings. “Why are you smoking this early in the morning?” she asked nobody in particular.

Walking her dog on a Monday night in Adams Morgan, Brianne Molloy said that she usually catches a whiff around here in the evening. She didn’t know who was doing the smoking, but just a block away, Mark Bebawy, the owner of Funky Piece Smoke Shop and Glass Gallery, was hosting a potent party in a basement restaurant that was closed for the evening. A man wearing a rubber whistle in the shape of a seashell emerged onto the street, holding a plastic baggie containing what he said was exactly the legally permitted two ounces of weed. “It’s the District of Cannabis,” he shrugs.

To navigate this District of Cannabis, a man named Joe Tierney offers his services. Blogging under the name of the Gentleman Toker, he reviews local brands of marijuana and, can tell you pretty much anything you want to know about where, when, and what D.C.’s smoking.

“When I see people on social media asking, like, ‘Where do I find weed?’ ‘How do I navigate the scene?’ It really hits me,” Tierney says. “I want to help them.”

Here’s how you can help, Joe. Where’s that smell coming from?

He’s got a few theories.

In the downtown office corridors? That’s a sweet spot, actually — not enough of a nightlife scene to attract police presence, but not too touristy either. A toker can easily fly under the radar.

Outside the FBI building? Hardcore activists, sticking it to the man. Tierney has seen the boasts on social media.

And in the no-smoking confines of a discount department store? Probably just a fellow shopper who recently hotboxed, i.e., lit up in an enclosed space. The stuff can really stick to your clothes.

Really, Tierney says, there’s almost nowhere you won’t smell it. One tip: If you smell it once, expect to smell it again. “Cannabis enthusiasts are creatures of habit,” he explains.

Must Reads

5 stories you can't afford to miss, every Saturday.

Sign up

Tierney can also tell you where to find the city’s best marijuana events, as many as 12 of which may be happening on a given night. One Wednesday evening, the place to go is a residence in Shaw, where vendors, marketers and cannabis consultants (yes, they exist) have gathered to show off their products. At that gathering, Rico Valderrama, an entrepreneur also known as Phone Homie, points out that there are a few places where you won’t find D.C. tokers toking up.

“I stay away from the embassies, just to be safe.” Federal property is definitely off limits.

But everywhere else? He’ll take his chances. Valderrama likes to pack some pot and drive around the city, maybe stop somewhere with a scenic view. “I just watch the world go by,” he sighs.

Outside the party in Shaw, two men in their 70s were enjoying a quiet dinner at the upscale restaurant and bar that shares a wall with the reefer residence. When informed about the party just a few feet away, both looked shocked: For once, the odor was well-contained.

“I don’t smell it,” one of the diners, Merrill Deskins, said, puzzled. “And I’ve got a nose for it

​STOCK MARKET STATUS

The Dow Jones Industrial Average (DJIA) rose just over 8% in the first six months of 2017, a much better showing than the first half of 2016, when the index finished down slightly.

Of the 30 stocks included in the index, 23 closed the first half with a gain. The leading gainer was Boeing Co. (NYSE: BA), up 27%, trailed by McDonald’s Corp. (NYSE: MCD), up 25.83%, and Apple Inc. (NASDAQ: AAPL), up 24.35%.

The seven stocks that posted an overall loss for the quarter were a mixed bag: the DJIA’s two energy giants were among the losers, as were a telecom firm and a conglomerate.

Here’s a look at the seven Dow stocks that posted a loss in the first half.

Verizon Communications Inc. (NYSE: VZ) was the biggest loser over the first two quarters of the year, down 16.34%, closing Friday at $44.66, in a 52-week range of $44.36 to $56.95. The low was posted Friday too, not a good sign for the future. Verizon announced an unlimited data plan in late February, joining the other three major wireless carriers in a race to the bottom. None of the four posted a first-half stock price gain.

General Electric Co. (NYSE: GE) saw its share price drop by 14.53% during the first half of the year. The stock closed at $27.01 on Friday, in a 52-week range of $26.79 to $33.00. CEO Jeff Immelt is stepping down after 16 years at the tiller, and one has to suppose that the poor share price performance is partly the reason. During his tenure, the company shed its NBC Universal division and its financial business in an effort to focus on its industrial goods. Over the past five years, GE stock has added nearly 30%, but that is less than half the gain in the DJIA overall.

Chevron Corp. (NYSE: CVX) shares have declined by 11.36% in the first half of the year and the issue is crude oil prices. The price of West Texas Intermediate crude oil has fallen from $55.84 at the beginning of the year to $46.33 as of Friday’s close, a drop of 17%. At its low in mid-June, the price was $42.53, a drop of nearly 24%. Investors are not sure that Chevron will be able to maintain its dividend yield, currently at 4.14%, unless prices rise enough to create improved profits. Shares closed Friday at $104.33. They have changed hands between $97.53 and $119.00 in the past year.

Exxon Mobil Corp. (NYSE: XOM) has dropped 10.56% from its share price since the beginning of the year. The stock closed Friday at $80.73, in a 52-week range of $79.26 to $95.55. Analysts took aim at Exxon in January, cutting both price targets and ratings. By late February, when the oil and gas giant lowered its proved reserves total from 24.3 billion barrels to around 20 billion, the tone for the year had already been set. Since that announcement, the stock has done no more than bounce around the $80 level.

Goldman Sachs Group Inc. (NYSE: GS) is the most heavily weighted stock among the Dow 30, making up 7.12% of the index total. In January the bank’s weighting was 8.03%. Shares have dropped 7.33% since the beginning of the year, closing at $221.90 on Friday, in a 52-week range of $142.62 to $255.15. Goldman stock added 40% to its share price following the November election, primarily on the basis of an expected easing of regulations on financial institutions and a significant tax cut under the new administration. Neither has yet materialized. The firm’s analysts also remained bullish for too long on crude oil and other commodity prices, dampening first-quarter profits and threatening to weigh on second-quarter earnings as well.

International Business Machines Corp. (NYSE: IBM) shares have also dropped 7.33% since the beginning of the year and closed Friday $153.83, in a 52-week range of $147.79 to $182.79. IBM stock is the fifth-most heavily weighted in the DJIA, making up 4.93% of the index. It’s also worth noting that the stock rose from $165.99 to its 52-week high by the first of March before beginning its four-month dive to near its 52-week low set last October. Warren Buffett sold a portion of his stake in the company after holding on to it for years, saying, “I’ve revalued it somewhat downward.” Ouch.

Intel Corp. (NASDAQ: INTC) stock has lost 6.98% of its value to date in 2017. Shares closed Friday at $33.74, in a 52-week range of $32.38 to $38.45. It is one of the lowest weighted stocks in the DJIA, currently accounting for just 1.08% of the index’s value (GE is the lowest weighted at just 0.87% of the index total). The story on Intel is that it missed the mobile revolution and its prospects in the artificial intelligence and Internet of Things revolutions are being challenged by the likes of NVIDIA and AMD.

JULY NEWSLETTER

​WASHINGTON DC