Marijuana Business News

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Wed
18
Apr

Cannabis industry braces for possible marijuana shortage

It’s only been a few months since marijuana for recreational use became legal in California. While sales have been good, there could be a speed bump ahead; the possibility of a marijuana shortage.

In San Diego County, there are just four licensed marijuana cultivators.

One of the licensees is Outco, located in a 15,000 square foot facility in an unincorporated area of the county, adjacent to El Cajon. Outco CEO Lincoln Fish said it’s possible that marijuana supplies will be tight this summer because of more tourists to San Diego and the limited number of cultivators that have been issued the required state and local licenses.

Wed
18
Apr

Washington considers options for marijuana-delivery system

Medical marijuana patients in Washington could soon get their cannabis delivered to their door.

The Washington State Liquor and Cannabis Board is studying how to best implement a delivery system.

State lawmakers are asking the board for policy recommendations by December 1.

Lawmakers want the agency to study how to develop and implement a system of delivering medical marijuana to qualified patients from properly licensed retailers.

Among issues the study must consider are how to verify those receiving the product are registered in the state's medical marijuana authorization database and what payment methods would be allowed.

Wed
18
Apr

Legal marijuana in New York gets more support

A top New York City official joined a chorus of calls Tuesday for legalizing marijuana across the state. Public Advocate Letitia James said New York should join the nine other states that have made the drug legal for recreational use.

But it's about more than just lighting up — James said legalization should include provisions to purge New Yorkers' criminal records of marijuana convictions and give people of color a fair share in any future legal pot industry.

"I look at this through the lens of reinvesting in communities that have historically been ignored, and I look at this through the lens of young black and Latino men whose lives unfortunately have been impacted disproportionately as a result of possessing low levels of marijuana," she said.

Wed
18
Apr

Exclusive: Canopy Growth Corporation to provide hands-on learning experience for Niagara College students

By: Celia Carr, Staff Writer for 420 Intel

Canopy Growth Corporation’s President, Mark Zekulin along with President of Niagara College Canada, Dan Patterson, announced Tuesday their new partnership to provide experiential learning opportunities to students and graduates interested in pursuing careers in Canada’s flourishing legal cannabis industry.

The announcement took place at Canopy Growth’s Tweed Farms facility, located in the heart of South Western Ontario’s Wine Country, Niagara-on-the-Lake (NOTL), a less than ten minute drive from the college campus.

Wed
18
Apr

Could this be the first cannabis-based drug to get FDA approval?

The first cannabis-based drug to get FDA approval could be a strawberry-flavored, oral CBD solution designed for kids with epilepsy.

Nearly a year ago, UK drug manufacturer GW Pharmaceuticals filed its breakthrough epilepsy treatment for approval by U.S. regulators.

The drug, Epidiolex, is derived from cannabidiol, or CBD, a non-psychoactive constituent of the cannabis plant. And on Tuesday, the FDA issued a report citing the “substantial evidence” GW Pharma had provided on the drug’s effectiveness. Could Epidiolex be the first cannabis-based drug to get FDA Approval?

Epidiolex: The cannabis-based drug that can beat epilepsy

Wed
18
Apr

Healthy cannabis roots equal bigger marijuana yields

Long, white, and hairy. Healthy roots result in bigger yields for marijuana gardens.

One of the single most important factors of how well a marijuana plant will grow, and how much it can yield, is the health and strength of its root system.

Below the surface of your growing medium, the root mass is comprised of a tangled web of roots that store sugars and starches (cannabis plant food) and transport needed minerals to the plant. The marijuana plants roots are covered in millions of small hairs that absorb water and minerals from the surrounding root zone.

Wed
18
Apr

High on the list of priorities: Cannabis beauty takes off

2018 is set to be the year of extending the beauty boundaries with the rise of body part specific masks for the décolletage, arms and breasts, silk cocoon finger balls that you place on your fingertips to help with exfoliation and one of the hottest ingredient trends on the radar this year, cannabis.

A lot of this has to do with the legalisation of cannabis in anumber of states in the US: nine to be exact States - Alaska, California (the first state to do so in 1996), Colorado, Maine, Massachusetts, Nevada, Oregon, Vermont and Washington have legalised cannabis’s recreational use and a further 29 states have legalised it for medical use.

Wed
18
Apr

The plan to save California's legendary weed from 'big cannabis'

In a bright warehouse in the heart of Northern California’s cannabis country, a metal gate slowly peels up. “Also Sprach Zarathustra”—the iconic music from 2001: A Space Odyssey—blares as the room behind is revealed.

A mob of marijuana farmers and local politicians and activists and venture capitalists shuffle through into the Willy Wonka factory of weed.

To the left, atop a hulking machine, two workers wearing white jackets and orange gloves drop flowers into cubbies, as workers below pile the product into jars. To the right, more workers at tables pack marijuana into joints, holding back shy grins as the mob ambles past.

Wed
18
Apr

Why the Colorado marijuana tax doesn’t benefit teachers’ pay

As several hundred Colorado teachers marched to the state Capitol on Monday, FOX31 and Channel 2 received several emails asking why Colorado's marijuana money isn't being used for education funding.

More marijuana tax dollars doesn't necessarily mean more money for student funding or teacher pay.

Most of the state's marijuana money goes towards grant programs - for specific projects. Also, some of that money used goes towards school infrastructure improvements and drug education.

It would be up to voters to change where the marijuana money goes and give more money for student funding or teacher pay.

Voters would have to approve a ballot measure to change the law so that marijuana tax money could be allocated for those specific items.

Wed
18
Apr

Legal weed companies could rake in billions. So why don't people want to work for them?

The Santa Ana, Calif.-based company Kush Bottles made $18 million in 2017. That's twice what it earned the year before. Executives there expect to double revenue again in 2018.

The company, which makes marijuana packaging products, is in an industry already worth more than $7 billion globally and one that's just scratching the surface. By 2021, the Brightfield Group has estimated that industry will be generating $31.4 billion annually, more money than McDonald's makes in a year.

You would think the company would have Harvard business school grads banging down the doors to get in.

Think again.

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