Marijuana Business News

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business
Mon
13
Jul

As marijuana attitudes ease, workplace drug testing companies brace for fight

As attitudes toward marijuana become more lenient and states authorize its use for medicinal — or even recreational — purposes, a long simmering debate over the efficacy of workplace drug testing has found a new flash point.

Marijuana accounts for more failed workplace drug tests than any other substance, and the new laws have the potential of decreasing or eliminating employer testing for it.

Defenders of drug testing maintain that employees who use drugs, including marijuana, have been found to miss more work, cause more accidents, change jobs more frequently and ultimately cost employers more money.

Mon
13
Jul

Startups Hoping to Cash in on Marijuana

It’s called the “Green Rush.”

That’s the name given to the flood of investment into marijuana startups.

In California, new companies are trying to corner different parts of the medical marijuana market, hoping to position themselves for widespread legalization. Delivery is one hot spot for competition.  Companies are jockeying to become the “Uber” of pot.

I’m sitting with Kat Ilera in her apartment, waiting for a delivery of medical marijuana.

Ilera uses medical marijuana to cope with pain and anxiety. She was diagnosed with stage 4 breast cancer last fall. It quickly metastasized to her liver and spine. On Thanksgiving she got surgery on her back, which left her fairly immobile.

Mon
13
Jul

Seattle restaurant wants marijuana on the menu

SEATTLE - A landmark restaurant could try to push the limits on menu options by putting pot on customers' plates.

If David Meinert has his way, the kitchen at The 5 Point Café will someday mix marijuana into the cuisine.

Meinert keeps his business edgy - much like the clientele at the restaurant - where tourists rub shoulders with motorcycle clubs. The state already licenses him to sell intoxicating liquors, Meinert said, and he wants to see it expanded to pot.

"I think there would have to be a new kind of retail license," he said.

The sky's the limit on how weed could fit into a food menu, and 5 Point Café customers think it could fly.

Mon
13
Jul

Hospitality industry conflicted on social pot use

The proposed initiative that would allow Denver entrepreneurs to open their 21-and-up business and patio spaces to limited marijuana consumption has divided many in the city – and it’s not even clear yet if the question will land on the city’s November 2015 ballot.

While a new poll commissioned by the activists behind the measure shows voters supporting the initiative, many of the businesses that would decide to either allow cannabis consumption, or not, are vehemently against the proposal.

Mon
13
Jul

Rand Paul backs effort to bring banking to legal marijuana businesses

Less than a month after holding a fundraiser on the sidelines of a Colorado marijuana conference, Sen. Rand Paul, R-Ky., is joining the fight to give America’s growing legal marijuana industry access to banking services.

Paul, the first major-party presidential candidate to publicly seek support from legal marijuana industry, is among the bipartisan co-sponsors of the Marijuana Businesses Access to Banking Act of 2015, introduced Thursday in the Senate.

Mon
13
Jul

Pot Is Now a Full-Fledged Service Industry

If you thought getting into the marijuana business meant starting a pot farm in Seattle or selling pot infused smoothies in Denver, think again.

That was so five years ago. Now, the cannabis industry has sprung anew.

You see, once the marijuana industry began to boom in 2014 due to legalization in some states, there came about, like any traditional goods-based industry, a fresh crop of for-profit service and infrastructure businesses to support it.

Since then, a successful cannabis ecosystem of financial and other services has been growing like a weed.

A Budding Industry

Here are just a few examples from a plethora of success stories:

Mon
13
Jul

Ninth Circuit: Legal Or Not, Marijuana Facility Cannot Deduct Its Expenses

Legalized medicinal marijuana is yesterdays’ news; legal recreational marijuana is the way of the world now, and with each passing year, additional states are considering the legalize-and-tax regime first instituted by Colorado and Washington. While state law is becoming more and more accepting of the idea of free-market marijuana, however, a decades-old provision of the federal tax code remains firmly in place, threatening to administer a painful amount of tax on marijuana facilities, and serving as a greater barrier to entry into the industry than any outdated notion of moral or ethical impropriety.

Mon
13
Jul

Legal Highs: Welcome to the Cannabis Revolution

Ms Zeng speaks quietly, almost in a whisper, with a strong Chinese accent. How long have you been having trouble sleeping, she asks her customer.

Maybe a few weeks, he replies. Ms Zeng asks if he feels that cannabis helps him fall asleep. "Definitely," he replies. The non-medical practitioner then gives him what she gives all her patients, regardless of their symptoms: a prescription for medical marijuana.

Sat
11
Jul

AMC stirs the pot with ad in marijuana magazine

In a sign that the political winds are changing, High Times — the 41-year-old monthly magazine dedicated to all things marijuana — has landed its first ever non-pot-related advertiser.

IFC, the cable TV channel owned by AMC Networks, has taken out an ad in the October issue for its show “Comedy Bang! Bang!”

Publisher Mary McEvoy, an 11-year veteran of the magazine, said, “This is a first. We hope it unplugs the dam.”

McEvoy concedes that over the years there has been an occasional ad from a movie studio or a network — but that was only if the film or TV show dealt with marijuana.

The ads in the magazine market everything from fertilizer to rolling papers, bongs and, more recently, cannabis seeds.

Sat
11
Jul

Medical marijuana dispensary pilot project considered by White Rock city council

The City of White Rock, B.C. is looking into launching a pilot medicinal marijuana dispensary project after the idea was proposed by a local business owner.

There are currently no medical pot dispensaries in White Rock, but Randy Caine, who owns the store Hempyz and is part of the local Releaf Compassion Center, believes they will inevitably come.

Caine recently presented a proposal to city council to develop a governance framework for dispensaries. This way, it can be prepared for any of the businesses possibly opening up in the city. 

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