Marijuana Business News

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Fri
01
May

Marijuana's magic bean men

The outlaw botanists who designed the marijuana Americans smoke and the money they didn't make doing it

Since almost everyone interviewed for this story is, or has been, a criminal, almost everyone long ago adopted pseudonyms. Some are no longer criminals, so don’t mind their real names being used. Some are no longer criminals, but still prefer to use their pseudonyms.

Fri
01
May

Colorado lawmaker reintroduces marijuana banking bill in Congress

Lawmakers in Washington D.C. want marijuana-related business to have legitimate bank accounts and end cash-only businesses where they have to stuff earnings in their mattresses.

Today, U.S. Reps. Perlmutter, D-Colorado, and Denny Heck, D-Washington, along with a bipartisan group of 16 other Republicans and Democrats, re-introduced H.R. 2076, the Marijuana Business Access to Banking Act of 2015. They said it's an effort to resolve the banking crisis marijuana-related businesses are facing.

Fri
01
May

Marijuana entrepreneurs to vie for investor dollars in 'Shark Tank'-style event this week

Big marijuana money is in the D.C. area this week.

As part of a number of marijuana-related events in town this week, business investor network ArcView Group has brought approximately 200 high-net-worth cannabis investors for a "Shark Tank"-style pitch fest starting Thursday.

In all, 15 companies were selected to make their case for funding at the Investor Pitch Forum in Alexandria before the ArcView network, which has backed 53 companies and invested more than $40 million.

Fri
01
May

Beers Behaving Badly: Bud Is Just the Latest in a Long Line of Offenders

Budweiser may still be smarting from its most recent public embarrassment, but the beer brand apologized yesterday for its inappropriate tagline: “The perfect beer for removing ‘no’ from your vocabulary for the night.”

In an atmosphere charged with the ongoing national conversation about sexual assault, it’s truly amazing that any brand—let alone alcohol—would be so carelessly cavalier.

But alcohol is alcohol, and Bud isn’t the first brand to tease the darker elements of its nature. A therapist might even say alcohol brands have a self-destructive personality disorder.

Fri
01
May

Is the cannabis business right for you?

Could your next job be in the legal marijuana industry? It's already the fastest-growing business in the U.S. and is expected to generate $10.8 billion in sales in 2019, a huge increase from $2.7 billion seen in 2014, according to Arcview Market Research.

About two dozen states have legalized medical marijuana. Colorado, Alaska, Washington State and Washington, D.C., permit recreational use of cannabis. Support for decriminalization of pot also is surging. A recent survey by Pew found that 54 percent of Americans support the idea.

Fri
01
May

Can You Buy Marijuana With a Credit Card?

Despite legal uncertainties, some pot dispensaries accept plastic.

It’s been more than a year since legal recreational pot sales started in Colorado, and as much as dispensary owners enjoy the booming business, they’re sick of swimming in cash. Though the Department of Justice released regulations last year allowing banks to accept money from legal dispensaries, it’s still a federal crime — the announcement that the DOJ won’t pursue institutions that process legal pot money hasn’t been enough to make everyone comfortable.

Fri
01
May

'Our purity is above 99%' – the Chinese labs churning out legal highs for the west

At the Chemsun Global pharmaceutical laboratory in an industrial park in Shanghai, the smell of fumes is so intense it leaves a bitter, chemical aftertaste in your mouth. At midnight on a recent Friday, a Chinese chemist who called himself Terry was eager to close a deal.

In the laboratory outside, a bright yellow liquid whirred around a flask. The place was filthy: surfaces were strewn with discarded rubber gloves and in one corner a sack of white powder spilled onto the floor.

Fri
01
May

Project CBD Files Motion To Strike Down Medical Marijuana Inc’s $100 Million Lawsuit

April 30, 2014: The Project CBD Special Report, “Hemp Oil Hustlers,” is back in the news again thanks to the latest attempt by Medical Marijuana Inc. (MJNA) to deceive its shareholders and the general public.

Published in the Fall of 2014, “Hemp Oil Hustlers” documented Medical Marijuana Inc.’s questionable financial practices and the presence of toxic solvent residues in two of their products samples.

Let us state unequivocally: Project CBD stands 100 percent behind its Report. Medical Marijuana Inc. has been unable to refute a single statement.

Fri
01
May

Denver halts some pot sales over bug spray worries

DENVER — City officials temporarily halted the sale of millions of dollars worth of legal marijuana because of concerns that unapproved pesticides or fungicides have contaminated it.

This past Friday alone, city officials placed a "hold" on 60,000 plants at a single grow facility here after consulting with state agriculture inspectors and the U.S. Environmental Protection Agency. They previously had placed crops from six other facilities on similar holds, allowing the plants to keep growing but blocking their sale to consumers.

Some growers have destroyed their crops instead of waiting for test results, which are still pending.

Fri
01
May

The Surprising State That Could Be the Next to Legalize Weed

No, not California nor Nevada, and not one of the New England states.

It's looking more and more likely that voters in a key battleground state will be voting on marijuana legalization in November, and recent polling suggests it could win. That's thisNovember, not November 2016.

The state is Ohio, where a controversial pot legalization initiative is already well on the way to qualifying for the ballot, and its backers—or should we say investors?--have the cash on hand to make sure it does.

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