Marijuana Business News

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Thu
19
Jul

Step into the first virtual reality cannabis dispensary

Toronto's Weed VR launches technology that will allow consumers to virtually touch and smell weed products online – getting a real high from the experience is still unfortunately out of reach.

For anyone who has ever been intimidated about walking into a shop to buy some bud, you may never have to – at least not physically.  Weed VR, a virtual reality dispensary for cannabis, is expected to drop before legalization in October. 

Thu
19
Jul

7 Marijuana industry jobs that require the least experience

The marijuana industry is currently booming, and there’s plenty of jobs available for people who want to work with cannabis. But considering the drug’s been illegal until relatively recently, most people never considered a job working with cannabis and therefore don’t have experience that could be applicable. But there are still plenty of jobs in the industry that don’t require a ton of experience, writes Joseph Misulonas.

Thu
19
Jul

The other anti-cannabis Sessions just blocked several cannabis bills in congress

Texas Representative Pete Sessions (R) - the fervent prohibitionist - has struck again. Two cannabis reform bills were brought to the House this week, and both were tabled by the Sessions, writes Calvin Hughes.

The first bill was intended to be an addition to the Fiscal Year 2019 budget bill and would have created protections for banks who choose to work with the cannabis industry in states where it has been legalized.

Thu
19
Jul

It’s halfway through July. Why aren’t any recreational marijuana dispensaries open in Massachusetts yet?

"The big hold up really is on the local level."

July 1 always symbolized the starting gun for recreational marijuana sales in Massachusetts, but that never meant the industry would be quick out of the gate.

Yet more than two weeks later, it’s still uncertain when the state’s first adult-use pot shop will actually open.

“I don’t want to put a date on it,” says Sam Barber, the president of Cultivate, a medical marijuana dispensary in Leicester that was issued the state’s first retail license for recreational sales earlier this month.

Thu
19
Jul

Oklahoma: Health board to call special meeting to consider amending medical marijuana rules

The Oklahoma State Board of Health plans to hold a special meeting to consider amending the rules regulating medical marijuana.

Oklahoma Attorney General Mike Hunter on Wednesday advised the board to convene a special meeting to amend the rules it passed regulating medical marijuana.

Officials with the health board released the following statement,

"The Board of Health appreciates the quick review by the Attorney General and acknowledges the advice and counsel regarding the prior adoption of emergency rules on State Question 788. The legal analysis by the Attorney General provides clarity on several rules and the legal authority we have to construct a regulatory framework for a state-wide medical marijuana program.

Thu
19
Jul

3 Big-name marijuana stocks with plunging profit projections

Investors may not see as much green with these pot stocks as once expected.

We're now less than three months away from the official kick-off of legal cannabis in Canada. With the passage of the Cannabis Act one month ago, Canada is set to become the first industrialized country in the world, and second overall behind Uruguay, to allow adults to purchase cannabis legally.

Thu
19
Jul

3 Companies harnessing the power of CBD

Although many investors are highly focused on companies that cultivate marijuana, the CBD opportunity is significant and seems to be flying under the radar.

Today, we highlighted 3 companies that are focused on the burgeoning CBD opportunity. We think the CBD market is barely in the first inning of a major growth cycle and investors need to keep an eye on this emerging market.

Thu
19
Jul

Uruguay marks a year allowing pharmacies to sell marijuana

Enrique Curbelo is delighted. Selling cannabis has allowed the affable 76-year-old to keep his privately owned pharmacy in Montevideo open in a market dominated by big chains. "I had to sell what they didn't sell," he told AFP. "For me it's like selling aspirin."

It's been this way for a year now. Every Wednesday, Ismael Fernandez receives a WhatsApp message from his local pharmacist telling him a new stock of cannabis has arrived.

After leaving work, he heads there and buys the 10 grams that Uruguayan law permits, costing 400 pesos, around $13. Fernandez then heads home and rolls a joint "to relax" with his partner Stefania Fabricio.

Thu
19
Jul

MedReleaf announces shareholder approval of plan of arrangement with Aurora Cannabis

MedReleaf Corp. ("MedReleaf") (TSX: LEAF) is pleased to announce that, at the special meeting of shareholders of MedReleaf held today (the "Meeting"), the shareholders of MedReleaf voted in favour of a special resolution to approve the proposed transaction, pursuant to which, among other things, Aurora Cannabis Inc. ("Aurora") will acquire all of the issued and outstanding shares of MedReleaf, by way of a court-approved plan of arrangement (the "Arrangement") as previously announced on May 14, 2018.

The Arrangement required approval by 66⅔% of the votes cast by shareholders present in person or represented by proxy at the Meeting.

Thu
19
Jul

Michigan gives newly licensed medical marijuana businesses cushion for testing

The state has offered newly licensed medical marijuana businesses a slight reprieve by allowing them a 30-day window in which to test products already onsite.

Once the state’s medical marijuana industry is fully in place, medical marijuana will be tested at least once after it's grown and once after processing, said Licensing and Regulatory Affairs spokesman David Harns.

But as the industry becomes licensed, man businesses operating temporarily with local authorization will have untested medical marijuana on hand when they receive licenses.

The state will allow those business a month to test, label and record their product with the state, Harns said. After the 30-day window, any remaining untested medical marijuana must be removed from the facility.

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