Marijuana Business News

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Wed
15
Apr

Anatomy of a Capital Raise: ebbu’s Road to VC Funding Winds On

Back in January, ebbu LLC‘s Dooma Wendschuh was embarking on a journey to raise $9 million in venture capital funding. The money will fund research and development into cannabis products that Colorado-based ebbu plans to produce and sell.

Since announcing the opening of the capital raising, Wendschuh has spent much of his time on the road talking to potential investors. The exercise has involved late nights, early mornings, working holidays, more alcohol ingestion than he is used to and revisions to the business plan based on feedback from potential investors.

Wed
15
Apr

The marijuana industry's battle against the IRS

Millions of Americans rushed to finish their taxes in the hours just before the midnight deadline Wednesday. But for business-owners in the cannabis industry, a years-long tax battle is far from over.

Supporters of legal marijuana cited tax revenue as big factor in pushing through laws that have allowed medical marijuana sales in 23 states and recreational pot in four. But the businesses that grow and sell marijuana in those states are also staring at a steep federal tax bill, especially when compared with businesses in other industries.

Wed
15
Apr

Facing more delays, marijuana patients endure

Four years after Delaware medical marijuana legislation passed, patients are still forced to buy pot illegally.

Deb McPherson, of New Castle, is medical marijuana cardholder. She is one of 200 Delawareans certified by the state under a 2011 law to use pot.(Photo: SUCHAT PEDERSON/THE NEWS JOURNAL)

For Deb McPherson, marijuana is medicine. But purchasing the drug is nothing like buying pain pills or picking up a blood pressure prescription at a local pharmacy.

"It's extremely difficult," said McPherson, 47, of New Castle. "You're asking around everyone you used to know in high school. You're hitting people up on social media."

Wed
15
Apr

Snoop Dogg invests in delivery start-up that can deliver marijuana in 15 minutes

Federal law may still prohibit its use and tech giants such as Google and Apple are still resisting its allure, but the market for marijuana in the United States is hot.

Entrepreneurs, private investors, academic researchers and, most importantly, voters all seem to share the same opinion – that legalisation in some form is likely across the country.

Opponents of legalisation must feel like they are fighting a losing battle. Hardly a day goes by without some form of good news for supporters of marijuana legalisation in the US, whether it is for medical or personal use.

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.”

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