Marijuana Business News

Synonyms: 
stocks
business
Thu
30
Apr

Yes, pot should be legal. But it shouldn’t be sold for a profit.

The new legal industry excludes the same people who suffered most under the old laws.

Thu
30
Apr

Medical marijuana caregivers challenge ordinance in York

The town of York is being sued by a group of medical marijuana caregivers who claim that a recently adopted town ordinance violates state confidentiality laws.

Lynne Williams, an attorney based in Bar Harbor, is representing the caregivers, who lease space at a marijuana growing facility on White Birch Lane in York.

In the lawsuit, filed this week in York County Superior Court, the caregivers are referred to only as John Doe 1-8 because they have been granted anonymity under state law.

Thu
30
Apr

After SEC halt, Advanced Cannabis Solutions’ stock resumes trading

 

A stock delisting and a one-year stint on the grey market was not a death sentence for Advanced Cannabis Solutions.

Shares of the Denver-based company that leases real estate to marijuana grow operations and dispensaries resumed trading this week under the symbol “CANN.”

“It’s been a big battle for the management and really fighting very hard for our shareholders,” said Robert Frichtel, chief executive officer of Advanced Cannabis Solutions, which does business as General Cannabis Corp.

Thu
30
Apr

California: New pot growing regulations enter 30-day comment period

The North Coast Regional Water Quality Control Board has issued a draft of a marijuana cultivation waiver that would allow growers to come into compliance with state water regulations, regardless of the legality of marijuana under state or federal law.

The proposed regulations containing provisions for a waiver is in a 30 day public comment period. If the proposal is finalized as drafted, sometime this year all private property growers, with more than six plants, must apply for this waiver if their operation could impact water quality. This process provides a pathway into compliance for growers in an otherwise totally unregulated industry.

Thu
30
Apr

Vancouver cops crack down on marijuana store

The Vancouver Police Department executed a warrant on Weeds Glass and Gifts, located at 2916 West Fourth Ave, April 29. 

The investigation started in March due to public safety concerns, including a 15-year-old being hospitalized after allegedly buying edible products from the store, as well as other incidents involving young people, according to a VDP press release.

Thu
30
Apr

Proposed legislation seeks to let marijuana businesses open bank accounts

A bill introduced into the House Wednesday seeks to legitimize marijuana businesses by allowing them to open bank accounts, according to multiple reports.

The “Marijuana Business Access Banking Act” is sponsored by Rep. Ed Perlmutter (D-Colorado) and would allow banks, which are currently prohibited by the federal government from doing business with marijuana businesses, to get a so-called “safe harbor” exemption and legally offer bank accounts to marijuana shops.

Marijuana is currently still labeled as a Schedule I drug by the Drug Enforcement Agency, making it a federal crime for institutions to handle money made from its sale.

Thu
30
Apr

Cologne city mayor Andreas Hupke demands cannabis clubs

On May 9, the Global Marijuana March pulls through Cologne. City mayor Andreas Hupke will be at the demonstration as patron. The green party politician has long advocated for decriminalizing marijuana.

If the Global Marijuana March is in motion on the Haymarket downtown on May 9, Mayor Andreas Hupke is sure to be at the forefront. The green district politicians has long advocated for the decriminalization of hashish and marijuana - and has therefore assumed the role of patron for the protest. "For the first time since the founding of the Federal Republic a mayor supports a demonstration for the legalization of cannabis with his patronage," exults Willie Obst, local organizer of the annual international demonstration.

Prohibition benefits dealers

Thu
30
Apr

Sensi Seeds’ ode to cannabis: our raison d’être

In 2015, Sensi Seeds will have existed for 30 years, a milestone the company is extremely proud of. The anniversary is also a great opportunity to take a moment to reflect upon what it is that has driven us all these years; the thing that will always inspire us to do what we do, in the way that we do it. We’re talking about cannabis.

The versatility of cannabis

Thu
30
Apr

Canada: Blair's marijuana stance at odds with chiefs

Liberal candidate Bill Blair may now be in favour of legalizing marijuana but the national chief’s organization he often boasts having led is certainly not.

“Our position has not changed,” Canadian Association of Chiefs of Police (CACP) spokesman Tim Smith said Monday.

No longer Toronto’s chief of police, and now a federal Liberal nomination hopeful, Blair’s position is clearly different than his chief of police brethren.

Thu
30
Apr

BC: 'People make mistakes,' says other pot shop owner with criminal record

With the City of Vancouver looking at new rules to regulate the booming retail marijuana business, one of the hurdles some pot shops will face is police background checks of their operators. 

CBC decided to do its own background checks and quickly found some local operators have had serious run-ins with the law, including instances not involving the marijuana business. In one case, two of the operators of the Sea to Sky Alternative Healing Society — well aware their police involvement could back to haunt them — have removed themselves as directors of the pot dispensary at least on paper. 

They say they welcome Vancouver's move toward regulation of the city's 80-plus pot dispensaries. 

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