Marijuana Business News

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business
Tue
24
Mar

Quality-Testing Legal Marijuana: Strong But Not Always Clean

Recreational marijuana has been legalized in four states, but that doesn't mean it's a tested consumer product. Some of those potent buds are covered in fungus while others contain traces of butane, according to an analysis of marijuana in Colorado.

Last May, after people began getting sick from edible marijuana products, the state of Colorado began requiring all products to be tested. Washington has mandated testing too, with a detailed checklist of items to analyze, including potency, contaminants, moisture and microbiology.

Tue
24
Mar

5 Stunning Comments From President Obama Regarding the Potential Legalization of Marijuana

Just when marijuana supporters thought things couldn't get any better, last week brought incredible news.

On Tuesday, March 10, three Senate members introduced a bill that would make medical marijuana legal on a federal level and free legal medical marijuana users from the potential for federal prosecution.

Tue
24
Mar

Australia's first medical marijuana company will kick off its 'farm to pharma' strategy by releasing a dope pill

Australian-owned medical marijuana company Phytotech has merged with MMJ Bioscience in an effort to expand from cultivating cannabis to developing and distributing it in pill form.

Phytotech will acquire 100% of the issued capital of Canadian company MMJ Bioscience Inc with the aim of bringing marijuana-based pharmaceutical and nutraceutical products to a global market.

The deal is structured on Phytotech’s scrip share value (based on a pre-deal share price of $0.305 per share) of $15.5 million upfront and an additional $5.185 million in performance shares when certain milestones are achieved.

Tue
24
Mar

Man Killed by Cannabis Story on DailyMail Website Wins Orwellian Prize

The article in the DailyMail states that a man died after suffering heart problems as a result of a decade-long addiction to cannabis, an inquest heard.

“John O’Brien, 53, from Salford, began smoking cannabis to cope with life-changing brain injuries sustained in a car crash.

But over a ten-year period, the Class B drug took its toll on his body and caused his heart to stop working.

A coroner at Bolton Coroner’s Court ruled in December 2014 that Mr O’Brien died from cannabis cardiotoxicity, a little known condition in which smoking cannabis triggers heart problems.”

Tue
24
Mar

City considers extending hours for marijuana sales

A request from at least one Glenwood Springs retail marijuana shop to extend the allowed business hours for recreational pot sales in the city beyond 7 p.m. has prompted City Council to consider doing just that.

Currently, business hours for both recreational and medical marijuana sales are limited to between 8 a.m. and 7 p.m., seven days a week.

While the hours for medical sales are governed by state statute, municipalities have the flexibility to establish their own hours of operation until as late as midnight for recreational sales, which became legal in Colorado last year.

Initially, when the city wrote its regulations to allow establishments to sell both medical and retail recreational marijuana, the hours were kept the same.

Tue
24
Mar

Employers: Legalizing marijuana affects workplace safety, hires

Local business stakeholders say legalizing marijuana could further impact a workplace already marred by an inability to find workers who can pass a drug test.

As several issues promoting marijuana legalization in Ohio move forward in an effort to be placed on November’s ballot, a major concern is how employers would deal with workforce safety and drug testing.

“We don’t really support legalizing marijuana as an employer,” said Robert Toews, chief financial officer for Kaivac Inc., adding that having workers able to smoke cannabis, even off the job, could create confusion in the workplace.

Mon
23
Mar

MedMJ Conference Merges with Marijuana Investor Summit 2015

In the business world, the word synergy gets thrown around a lot. Synergy is the interaction between two or more elements that, when combined, form something greater than the sum of the individual parts. Synergy is often used to describe when two great companies come together, but in the context of today’s discussion, it describes the partnership between two great conferences.

Mon
23
Mar

Cannabis companies are all puffed up

Pot smokers have a reputation for being laid back. But in the US, the pot market is anything but mellow. Legal sales of cannabis - it is legal for medical use in 23 states and for recreational use in four - grew 75 per cent last year to reach $US2.7 billion, according to ArcView Group. ArcView expects that 14 more states will legalise recreational use in the next five years.

Mon
23
Mar

Native American Tribes Eye Marijuana Business---With Their Tax-Free Gaming Advantage

Native American tribes are poised to move into the lucrative legal marijuana businesses. With spreading legalization and with taxes being levied right and left, tribal tax advantages could be huge. In California v. Cabazon Band of Mission Indians, the Supreme Court ruled that in states permitting gaming, tribes can conduct gaming on Native American lands unhindered by state regulation. A year later, Congress enacted the Indian Gaming Regulatory Act of 1988, creating a regulatory framework for gaming on Indian lands.

Mon
23
Mar

When Your Rap Sheet Becomes Your Resume: Notes From A Marijuana Jobs Fair

Marijuana use was never something to put on a job application… until now. In the first 34 weeks of legal recreational sales in Washington State, 110 pot shops have opened, a number that is expected to double by years-end. “Retail job opportunities are booming,” said David Rheins, CEO and co-founder of the Seattle-based Marijuana Business Association. Managers are looking for employees who bring retail experience and product knowledge.

Eric Gaston, owner of The Evergreen Market, is looking for a sales staff that loves cannabis for his new stores in Renton and Auburn Washington.  Employees “should be evangelists for the growers and the products,” he said at a recent Green Jobs Fair in Bellevue Washington.

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