Marijuana Business News

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business
Mon
13
Apr

Medical marijuana rush targets Lower Hudson Valley

Health care leaders and entrepreneurs are competing for five licenses to grow and sell medical marijuana in New York as patients seek improved access to the drug

A $10 million construction project tied to selling medical marijuana to Lower Hudson Valley patients is unfolding about 60 miles northwest of White Plains.

Valley Agriceuticals, a company started by a team of health care and cannabis industry leaders, wants to build a marijuana grow facility in Wallkill, a farming community of about 29,000 people in Orange County.

Mon
13
Apr

Should You Buy Marijuana Stocks Right Now? A Legal Expert Weighs In

A recent report by The Arcview Group showed that legalized marijuana is now the fastest growing industry in the U.S., posting a whopping 74% growth rate in 2014. Despite a widespread movement to legalize marijuana for both medicinal and recreational purposes across the country, though, the industry still faces some serious challenges on the legal front that investors need to understand. 

So, to give investors a deeper look at some of the more pressing legal issues, I spoke with a leading expert on medical marijuana, Aaron Lachant -- an attorney with the healthcare specialist law firm Nelson Hardiman LLP.

Mon
13
Apr

MassRoots app earns first IPO for marijuana industry

Weed has gone public.

A social network platform for cannabis users, MassRoots, on April 9 secured the first initial public offering for any company with ties to the marijuana industry. The 2-year-old Denver-based startup is valued at $45 million, with stock now traded publicly through the OTC Markets Group marketplace at 10 cents per share.

Mon
13
Apr

Widespread Marijuana Legalization Changes Workplace Policies and Practices

As legalization spreads, in a variety of forms, managers and workers are facing some tough questions about how the new laws impact policies and practices. Let's take a look at how marijuana legalization is being handled in the workplace. First, here are a couple of things you should know.

Be sure you know your state's laws.

Regardless of your own personal feelings about marijuana, It's important to stay current on the state of the drug laws in your area, as well as your company's individual policies on drug use — especially if you're a manager. Keeping up to date with policies, whether you agree with them or not, is a crucial first step to understanding the way the changes impact your company and your team.

Mon
13
Apr

Will Big Tobacco become Big Marijuana?

DENVER — While federal law makes their entire industry illegal, many marijuana store owners, growers and retailers fear something completely different: Big Tobacco.

Today, most legal recreational marijuana operations are small, limited to a single state and barred from ever getting large by regulators who want to keep a close eye on the fast-growing industry. But those small operators struggle to get bank loans for expansion, often produce an inconsistent product and sometimes have no idea how to balance supply and demand for their crops.

Mon
13
Apr

Washington State House passes bills to overhaul marijuana markets

OLYMPIA, Wash. (AP) - The Washington state House moved forward Friday on an effort to reconcile the state's medical and recreational marijuana markets.

The chamber first passed a Senate measure addressing the medical side before moving on to a House bill dealing with the recreational law. Because the Senate bill was amended in the House, it will head back to the full Senate for a final concurrence vote, while the House bill will go next to a Senate committee for consideration.

Senate Bill 5052 passed on a bipartisan 60-36 vote after a long debate over several amendments, including over whether patients should have to sign up on a registry.

Mon
13
Apr

City Council candidate, who owns a pot shop, is campaigning via pizza box

 

Don’t accuse Denver City Council at-large candidate Kayvan Khalatbari of getting lost in the crowd. If there’s one thing he knows how to do, it’s stand out — this time, on a pizza box.

Khalatbari, 31, has been harnessing the natural delivery system of one of several businesses he co-owns — Sexy Pizza, which has three locations in central Denver neighborhoods — by affixing campaign fliers to pizza boxes before they’re sent out to customers.

Khalatbari says he printed 5,000 campaign fliers for the pizza boxes, enough to last about two weeks at the pizza shops. The piece pictures Khalatbari under the words “I’m a real person.”

Mon
13
Apr

How Silicon Valley Got Behind This Marijuana-Delivery App

 

The Uber of medical cannabis delivery has arrived, and the venerable accelerator Y Combinator has given its rubber stamp of approval. Meadow, a San Francisco-based startup, allows card-holding medical marijuana patients to browse different types of cannabis from nearby dispensaries and place an order, and within an hour the goods will be delivered to the patient's door.

If you don't have a medical marijuana card, you can schedule an in-home consultation with one of the doctors Meadow has partnered with and get a recommendation to use medical cannabis.

Mon
13
Apr

Gatineau firm newest player in medical marijuana production

A Gatineau-based company is the newest player in Canada's medical marijuana market. Hydropothecary is licensed to grow the plants; now it's hoping within weeks to get the green light from Health Canada to start selling it. The facility is on an 80-acre farm along the Outaouais River in Gatineau.  For decades, the owner of the farm in rural Gatineau has been growing potted plants on his 80-acre farm.  Now, Louis Gagnon is focusing just on "pot". Gagnon has teamed up with two brothers-in-law, Sébastien St-Louis and Adam Miron.  Their company Hydropothecary has purchased his land to build a massive 35-thousand square foot greenhouse for medical marijuana.

Mon
13
Apr

Colorado's Sweet Leaf eyes Oregon in quest 'to be the McDonald's' of recreational pot

AURORA, COLORADO -- Sweet Leaf, a marijuana store in this Denver suburb, doesn't look like much from, the outside. Windows are blocked. A sign on the door announces that only people 21 and older can come in.

Inside, visitors are greeted with crisp, white walls splashed with cheery magenta polka dots. Jay Z provides the soundtrack. The shop hums from the time it opens at 8 a.m. until 10 p.m. when employees turn away customers still waiting to get in. On a recent afternoon, each of the dozen or so chairs in the waiting room was taken.

Sweet Leaf is a chain of five marijuana shops in the Denver area. The company includes a large scale marijuana grow operation and a mix of recreational and medical marijuana outlets.

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