Marijuana Business News

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Thu
30
Jul

Operational issues for medical marijuana producers

 

As news stories about the rise of legal marijuana businesses continue apace in the national media, New York State moved closer toward permitted marijuana use for medicinal purposes under the state’s Compassionate Care Act (Article 33, Title 5-A of the New York Public Health Law).

In early June, we learned that 43 groups submitted applications in the hopes of receiving one of the five licenses to be granted by the state Department of Health to grow and sell medical marijuana in New York. Though the five groups that ultimately receive the licenses from the DOH may be perceived as “hitting the jackpot,” they will nonetheless be confronted with a unique set of challenges in light of the current legal framework for businesses in the medical marijuana industry.

Thu
30
Jul

15 Hot Knowledge Management Trends for 2016

A business is, in essence, a vast collection of knowledge and information. It's what's behind the creation of benchmark products and services, and it exists as a web of insights and ideas shared by staff. It's in your documentation—your manuals, guidelines, lists, databases, memos, and files. And it's also in the minds of your team members, as the expertise you need to capture to enhance your business. Knowledge is power, and when properly harnessed, it fuels a successful company.

Technology has had a tremendous impact on knowledge management (KM), inspiring the development of robust software platforms to leverage KM strategies. Knowledge management software continues to evolve in response to new demands and challenges.

Thu
30
Jul

6 Non-Business Books Every Entrepreneur Should Read

I’m a voracious reader. I read at least 150 new books each year, spanning almost every genre of nonfiction and several fiction categories. I’m never far away from my Kindle, and I rarely make it through a week without ordering a new hardcover to my door through Amazon Prime.

Every good book contains at least one piece of advice that makes me a better entrepreneur. Although traditional business books have many lessons, the books I’ve found most transformative for my startup—and for myself as a leader—haven’t been business books in the classical sense. Instead, they’ve been great nonfiction finds that have helped inspire me at least one specific way.

Wed
29
Jul

Northwest Senators Push To Open Banking To Cannabis Businesses

Legal marijuana is a rapidly-growing reality. Four states, including Oregon and Washington, have legalized recreational use of the drug. Several more – including California – could well do so by the end of next year. Forty states have legalized it in some form for medicinal use.

Now, US Senators from Oregon, Washington and Colorado hope to start breaking down the federal barriers that lock many legal cannabis businesses out of routine banking and financial services.

When you start a business, one of the first things you do is set up bank accounts. But for a lot of budding entrepreneurs in states with legal marijuana markets, that’s often nearly impossible.

Wed
29
Jul

Illinois' Largest Medical Marijuana Lab Wants to Bring Innovation to Cannabis Cultivation

Down in Delavan, a town in central Illinois roughly 30 miles south of Peoria, sits a massive 75,525 sq. ft. medical marijuana cultivation facility that just became the second laboratory to grow cannabis in the state. 130 miles southwest of Delevan sits an identical 75,525 marijuana cultivation center in Barry, IL set to open within the next 30 days.

The two combined buildings, owned by Revolution Enterprises, make it the largest grower of medical marijuana in the state of Illinois, and the company believes it's on the forefront of cannabis innovation in the state.

Wed
29
Jul

Marijuana dispensary says business going to pot amid opening delays

Frustrated by months of delays, a medical marijuana dispensary is requesting internal Clark County records and threatening a lawsuit to get the store open.

Euphoria Wellness, on Jones Boulevard near Robindale Road, passed state and county inspections in April and has been ready to open since.

But the dispensary hasn’t been able to obtain marijuana because approved cultivation facilities have been slow to start and haven’t produced a viable batch.

Wed
29
Jul

Kaya Holdings Opens New Marijuana Grow And Manufacturing Complex As Oregon's Governor Gives Green Light For Octobe

PORTLAND, Ore., July 29, 2015 /PRNewswire/ -- Kaya Holdings, Inc. (OTCQB: KAYS) announced today that it has signed a lease on a 6,000 square foot facility in central Portland to serve as the Company's expanded Marijuana and Cannabis Manufacturing Complex and West Coast Operations Base.

The Company will consolidate Kaya Farms and the newly acquired assets of OC Harley Gardens, including equipment, plants and all related licenses into the new facility for a substantially expanded Grow with significantly increased volume capacities. The Grow will continue uninterrupted to produce high quality, connoisseur-grade marijuana, as the expansion occurs to prepare the Company for the October 1st commencement of recreational sales in Oregon.

Wed
29
Jul

NY state to announce medical marijuana licenses by end of week; Saugerties site in running

New York state health officials plan to announce by the end of this week the companies selected to operate medical marijuana growing operations and dispensaries.

A spokesperson for the state Department of Health said Tuesday that the agency intends to identify the chosen applicants for five available licenses by Friday.

The program is expected to begin next year. Patients with certain diseases — including cancer, AIDS, Lou Gehrig’s disease and epilepsy — will be allowed to get prescriptions to obtain forms of the drug that are edible or vaporized, but not smoked.

Forty-three organizations have submitted applications for a license.

Applicants with Hudson Valley ties are:

Wed
29
Jul

Touro College Announces Support for CanniCare's Medical Cannabis License Application

AIRMONT, N.Y., July 29, 2015 /PRNewswire-USNewswire/ -- Touro College has announced that it is supporting Rockland County-based CanniCare's application for one of five media marijuana licenses to be issued by the New York State Dept. of Health (DOH). 

If CanniCare is selected, Touro would provide the company with research into medicinal cannabis. 

"Our college is supportive of medicinal development and research," said Alan H. Kadish, president of the Touro College System. "There is still a great deal of research to be conducted on the medical application of cannabis and we are excited by the opportunity to contribute in a meaningful way. We will also offer CanniCare advice on the clinical use of the medicine along the way."    

Wed
29
Jul

A Basic Guide To MMPR Quality Assurance For The Licensed Producer Applicant

Quality assurance is one subject that is unclear to many organizations who are applying to become Licensed Producers, whether they are start-ups just getting into the medicinal cannabis industry or seasoned producers under the MMAR program who are transitioning to the new MMPR program. The goal of this article is to provide information on quality assurance as it relates to the requirements of Health Canada’s MMPR, specifically, the Quality Assurance Person, Section 10 of the Licensed Producer (LP) application, and Standard Operating Procedures and record keeping. The information presented here has not been vetted or endorsed by Health Canada and is provided to the best of the author’s knowledge based on experience consulting for LP applicants.

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