Marijuana Business News

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Wed
25
Mar

Ohio may legalize pot this year

Peter Thiel's fund gets into pot Ohio has taken a step closer to becoming the fifth state to legalize marijuana.

A group is gathering signatures to amend the state's constitution so that Ohioans can legally consume marijuana for medical and recreational use.

The group, called ResponsibleOhio, needs to collect more than 300,000 signatures to put the amendment to a vote in November.

If voters approve the amendment, Ohio would join Colorado, Washington Oregon and Alaska as states that have legalized marijuana for recreational use.

Washington, D.C., allows recreational use of marijuana, but it's still illegal to sell pot there. Many other states have legalized medical marijuana.

Related: Pot startups cash in on wave of legalization

Wed
25
Mar

Hurricane Sandy money fueled cherry-marijuana business

City power subsidies and Hurricane Sandy rebuilding cash helped fuel a Brooklyn maraschino cherry plant that was a front for a hydroponic marijuana-growing operation, The Post has learned.

Dell’s Maraschino Cherries, in Red Hook, scored almost $2 million in the power subsidies and federal disaster aid — which the city may now reclaim, a Big Apple official said.

Dell’s won $900,000 in federal money after its plant was damaged by flooding during the massive 2012 storm, the official told The Post, adding that the company also saved about $800,000 on its utility bills since 2004 through a city subsidy program.

Tue
24
Mar

Can medical marijuana be banned from the workplace? The answer is a bit hazy, expert says

Can a private employer stop employees from bringing doctor-prescribed marijuana to work?

Sorry, human resources managers, the answer just isn't as clear as you'd hope. That's according to Jim Reidy, an attorney tackling employer questions regarding drugs at the Society for Human Resource Management conference in Washington on Tuesday.

"It's evolving. That's why this topic is really hot for employers right now," Reidy said.

While employers may have federal law and even local smoking bans on their side, the legal answer to that question hasn't been completely resolved if an employer allows other prescriptions to be taken at the workplace, Reidy said.

Tue
24
Mar

New Colorado bill scraps plans for changing look of marijuana edibles

 

DENVER — Colorado may give up on one of its toughest marijuana problems to emerge in the new market — making sure that edible pot products can’t be confused with regular foods.

A bill up for its first vote Wednesday would repeal a 2014 Colorado requirement requiring pot foods to have a distinct look when out of the packaging. The bill strikes a requirement that edible pot be “clearly identifiable … with a standard symbol indicating that it contains marijuana and is not for consumption by children.”

The sponsor of the measure, Republican Sen. Owen Hill of Colorado Springs, said he’ll suggest an amendment Wednesday to revive the requirement, but not for all foods.

Tue
24
Mar

Maine Voters Could Face Two Marijuana Legalization Initiatives on 2016 Ballot

AUGUSTA, Maine - The group that launched successful efforts to legalize recreational marijuana in Colorado and Alaska is officially taking steps to do the same in Maine.

Today supporters of the Marijuana Policy Project submitted a draft initiative that they hope to qualify for the 2016 statewide ballot.

This is the second citizens' initiative to propose legalizing pot next year. Both measures have some similarities and some big differences. Both plans would legalize recreational marijuana for adults 21 and over and also allow adults to grow small amounts for personal use. Both also call for a tax.

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.

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