Marijuana Business News

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Thu
26
Nov

Alaska: Prospective marijuana businesses prepare as lawmakers finalize zoning regulations

As state and municipal lawmakers draw nearer to finalizing regulations, Marijuana Control Board chairman Bruce Schulte has recommended that marijuana entrepreneurs start preparing soon for license applications.

Schulte said aspiring marijuana business owners should prioritize forming a business plan, finding a location, and reading the entire regulations package.

"They're going to want to choose their real estate very carefully, particularly in Anchorage," says Schulte. "As in other communities, there may be other local zoning issues they want to take into account."

Thu
26
Nov

Banking on the Marijuana Industry?

It is legal to sell marijuana in 23 states. But pot businesses can't deposit their money in banks because of federal banking laws. While the dilemma has been a back-burner issue in Congress for several years, a solution may be in the works.

A provision in the upcoming financial services spending bill would prevent the federal government from spending money on penalizing financial institutions that accept legal marijuana businesses as clients. That would greatly reduce the ability of federal agencies' to prosecute the banks.

Thu
26
Nov

CannLabs closes Colorado testing facility, lays off workers

Colorado marijuana testing facility CannLabs closed its Denver laboratory on Tuesday and laid off as many as 15 employees.

The shutdown of one of the largest labs in Colorado, and one considered an industry leader, comes after months of controversy involving the company’s leadership.

“It’s positive for us,” CannLabs Inc. CEO Mark Mirken told The Denver Post on Tuesday, “There were a significant amount of issues surrounding our involvement with CannLabs Colorado, items that were made public by certain people within that company that were factually incorrect and clearly became an impediment to our ability to work with them under the administrative services agreement.”

Thu
26
Nov

'US Capital of Cannabis Will Be Oakland,' Says Incubator Founder

Two flavors of Bay Area life — cannabis and technology — will continue their fusion this winter with the launch of Gateway Incubator, LLC in Oakland's Jack London district. It will be California’s first cannabis company incubator.

Gateway LLC is backed by a leading weed industry holding company, MJIC, Inc., in partnership with “entrepreneur evangelist” Ben Larson and Carter Laren, a director and mentor for the Founder Institute, “the world's largest entrepreneur training and startup launch program.”

Thu
26
Nov

Comeback Time for WeedHire International Inc

WeedHire International Inc (OTCMKTS:WDHR) has seen a recent surge in volume and price after several months of inactivity. WDHR hit the bb’s in November of last year after the name change from AnythingIT, Inc., and the launch of their web portal; weedhire.com.

WDHR benefits from being in an explosive sector that is liable to get hot at any time; recent catalysts include: Canada’s new prime minister promising legalization immediately, billionaire Richard Branson suggesting a decriminaliztion ammendment in the U.N., 6,000 non-violent drug offenders released Nov 1st, Australia lifting ban on medical mj, and New York opening medical mj dispensaries January to name a few.

Thu
26
Nov

600 marijuana plants grow at home in Riverside neighborhood

RIVERSIDE, Calif. (KABC) --

A Riverside neighborhood is upset as a major marijuana home-grown operation with nearly 600 plants sits right near their backyards. The only problem is that the operation is completely legal.

ABC7 talked to several neighbors who expressed their frustrations and concerns with the operation that grows marijuana inside the home and in the backyard.

Laura and Chris live nearby the home and asked ABC7 not to use their last names because of concerns for their safety.

"I was shocked, and I was scared," Laura said. "There were lights glowing inside the tents."

"There are times we cannot use our backyard because of the smell," Chris said.

Wed
25
Nov

Mainstream cannabis comes to Colorado

Celebrities bring big money and big names to a capped marijuana industry

On Nov. 9, Colorado’s weed scene gained its capstone endorsement — Snoop Dogg launched his very own line of marijuana products including flower, chocolate bars, shatter, wax, drops and other candies.

Wed
25
Nov

Portland pot shop offering Thanksgiving specials

PORTLAND, OR (KPTV) -

The Thanksgiving weekend is the retail industry's biggest time of year, so it only make sense that Oregon's marijuana businesses would want a piece of the proverbial pie.

Shango Cannabis, which has three stores in the Portland area, says it plans to offer special deals for medicinal and recreational marijuana customers.

Shango's director of sales says its specials will start the day before Thanksgiving.

Wed
25
Nov

Company eyes Freetown land for medical marijuana facility

FREETOWN, Mass. —

Admittedly, it's not much to look at now. But one company says an empty lot in Freetown could become the leading facility in the world for pot.

"It's what we want as a town," said Planning Board Chairman Keven Desmarais.

The plan is a massive one: about 1 million square feet to grow and process medical marijuana at a state-of the-art facility indoors.

The company, AmeriCann Inc., won't actually sell any of the cannabis. But instead will lease the facility to licensed growers. The weed would only be used in Massachusetts, where voters overwhelmingly approved it for medical use in 2012.

Wed
25
Nov

Portland pot shop offering Thanksgiving specials

PORTLAND, OR (KPTV) - The Thanksgiving weekend is the retail industry's biggest time of year, so it only make sense that Oregon's marijuana businesses would want a piece of the proverbial pie.

Shango Cannabis, which has three stores in the Portland area, says it plans to offer special deals for medicinal and recreational marijuana customers.

Shango's director of sales says its specials will start the day before Thanksgiving.

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