Marijuana Business News

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Wed
15
Apr

The WeedLife Network for Cannabis Businesses and Consumers Sees a Surge in Online Traffic

Just a month after its official launch, features offered by WeedLife, like the legal marijuana industry’s first-ever business social network and marketing platform, are attracting a skyrocketing number of cannabis consumers and businesses

Denver, Colorado (PRWEB) April 15, 2015

April is a significant month for marijuana enthusiasts and advocates. Along with the annual “420” celebrations on April 20th, more companies, institutional investors and cannabis fans are taking part in the legal marijuana industry as part of the traditional springtime ramp-up of business.

Wed
15
Apr

Contraband is big business in Greece

Organized crime in the European Union generates about 110 billion euros a year, corresponding to around 1 percent of the EU’s gross domestic product, a recent report commissioned by the European Commission found, with the bulk of that coming from the “traditional” market of illegal narcotics.

The report, titled “From Illegal Markets to Legitimate Businesses: The Portfolio of Organized Crime in Europe,” compiled by Project OCP – Organized Crime Portfolio, found that in Greece, organized crime generates just under 3.6 billion euros, corresponding to 1.6 percent of GDP (in 2010), significantly more than in Croatia (134 million euros; 0.3 pct/GDP) but also less than in Latvia, where 514 million euros of proceeds account for 2.8 percent of GDP.

Wed
15
Apr

Marijuana Growers Inspire Lighting Company Innovation

Each time a new state legalizes marijuana, entrepreneurs jump in to fill niches that can play a part in cannabis growth or sales there. With new greenhouses and growing spaces come purchases of new grow-lights, an essential tool for a robust cannabis crop, and start-up lighting companies are responding to the need with innovative products.

Marijuana plants need a lot of light to thrive, which in turn can mean high electricity bills, and high heat in the greenhouse requiring more cooling.  Most indoor cannabis growers currently use High Intensity Discharge (HID) lights, but new companies developing alternative technologies are gunning for lower heat output, lower cost, and best light spectrum emission.

Wed
15
Apr

Harshing Your Mellow: Top 10 Red Flags In The Marijuana Industry

Over the past five years, I’ve had my fair share of experiences with both the good and the bad in the marijuana industry. As is the case in any industry, if something seems too good to be true, it usually is. This is even more likely to be the case in the marijuana industry, which far too many view as the “green rush.” So, I think it time I share with you my Top 10 Marijuana Industry Red Flags so that you know what to look for to protect yourself or your marijuana business client:

Wed
15
Apr

"Uber for marijuana" startup raises $75m from Snoop Dogg and other investors

A marijuana delivery start-up has raised $10m (£6.8m) in a funding round which included investments from Snoop Dogg's Casa Verde Capital and Silicon Valley firm DCM Ventures among others.

Eaze, which has been dubbed the "Uber for weed", does not directly supply marijuana, but instead connects California medical marijuana card-carriers with local dispensaries, claiming it can hook users up with the drug in under 10 minutes. Technically, it is not breaking any law, even though recreational use of marijuana is still illegal.

The firm became the first marijuana startup to attract international investors when it raised $1.5m in November, and has made 3,000 deliveries since its launch.

Wed
15
Apr

Cannabis Entrepreneurs Bring Star Power to Accelerator Boot Camp

More than 115 early-stage startups applied for one of 10 spots within CanopyBoulder’s spring business accelerator program for the legal cannabis industry. And while applicants hailed from around the world, those companies recently selected for the Boulder, Colo.-based inaugural boot camp all have one thing in common: star power.

“It is all about the founder,” said CanopyBoulder Co-Founder Patrick Rea of what made certain applicants stand out from the rest. “People who have the quality we are looking for are inquisitive, hard working, focused and take direction well.”

Tue
14
Apr

'I am like every other merchant' downtown, says Guelph marijuana lounge proprietor

GUELPH—The owner of a new marijuana lounge in downtown Guelph says "the motivation for the idea is purely selfish."

"It is to have a place for myself and people like me, who have medical prescriptions, to hang out and smoke marijuana," said Anthony (Tony) Veder, owner of the DLR 420 Vapour Lounge on Macdonell Street. Veder made the comments in an interview just after the opening of the operation. He said he's been reluctant to talk to reporters about his latest venture but wanted to clarify his motives and quell any rumours.

Veder said he isn't a pot legalization crusader or looking for attention but is delighted with the response from neighbouring businesses and the wider community.

Tue
14
Apr

Germany’s Deutsche Cannabis Partners with Chicago Based CannaFundr

First International Marketing Partner for Cannabis Investment Collaboration

Chicago, IL, April 13, 2015 --(PR.com)-- CannaFundr, a premiere online investment platform for the cannabis industry, announced today an exclusive partnership with Deutsche Cannabis AG, Europe’s first publically traded investment firm focused on legal marijuana related companies. The agreement will help facilitate investment into the cannabis industry internationally, while driving private capital towards advancing the economic goals of marijuana, as well as the entrepreneurship and infrastructure required to support it.

Tue
14
Apr

Manipulation of marijuana figures by former Dutch Justice Minister Opstelten exposed.

Manipulation of marijuana figures by former Dutch Justice Minister Opstelten exposed.

 

Why the Dutch cannabis industry lost it's head start to the US, Spain and Uruguay.

 

The Netherlands have been the example of how to handle the consumption and tolerated and regulated sales of cannabis for almost 40 years now, an example that enabled other countries, like Uruguay, Spain and the US to get out of the strangle hold of prohibition.

Without this example, and the people that stood and stand up for the Dutch cannabis tolerance system, serving as a decades running experiment for the world to see and experience, it would not have been possible for pre-mentioned countries to follow that example the way they did.

 

Tue
14
Apr

Are Banks Gouging Marijuana and Bitcoin Businesses?

Few banks are serving bitcoin and legal marijuana businesses because of their “cloudy regulatory status,” and those that do are charging hefty fees, according to an American Banker story.

Companies involved in the business of pot are reportedly paying as much as $3,000 a month for basic checking accounts, and bitcoin firms are paying fees that can range into the tens of thousands of dollars, American Banker said. In contrast, most small businesses typically pay $50 or less in monthly bank fees.

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