Marijuana Business News

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Mon
12
Oct

Medical Marijuana is Regulated. What's Different? (Nothing, yet).

On Friday, Gov. Jerry Brown signed into law three bills that, for the first time, regulate California's massive multi billion-dollar medical cannabis industry on a state level.

For the first time, commercial marijuana activity is expressly allowed under state law. Sales and turning a profit — both long considered no-no's for cannabis growers and sellers by law enforcement — are OK. Growers, sellers, testers, transporters and manufacturers will be licensed, and all of it will be overseen by a new Bureau of Medical Marijuana regulation, run by a "weed czar" to be appointed by the governor.

Meanwhile, individual medical cannabis patients will be allowed to grow and smoke limited amounts without any license required.

Mon
12
Oct

Marijuana Don, Founder of Advanced Nutrients, Explodes Across Europe

SEATTLE--(BUSINESS WIRE)--The “Marijuana Don”, Michael Straumietis, will soon appear on the number one TV show of the number one network in Europe, RTL's “Explosiv” with Hans Werner Huebner. The audience is expected to weigh in at least 25-50 million viewers throughout Europe.

The internet—including breaking news on TMZ, Business Insider, Tech Insider, Daily Mail UK—is calling Straumietis the “Dan Bilzerian of weed”, thanks to the recent explosion of followers on his Instagram feed, @marijuanadon.

Mon
12
Oct

Tribal nations may want to stash your marijuana cash

The legal marijuana industry continues to grow as more and more states legalize the drug in some form. But despite the fact that the industry already generates billions of dollars in sales per year, marijuana entrepreneurs still struggle to find a way to store and manage all of the cash rolling in from the green rush.

Mon
12
Oct

No Decision Yet On Ganja Import

The Cannabis Licensing Authority (CLA) has moved to clarify claims that the Bureau of Standards Jamaica (BSJ) has sought permission from the Government to import some 100 ganja seeds for a pilot project.

Responding to a story published in The Gleaner last Friday, the CLA noted that the importation of ganja remains illegal.

"The authority is working tirelessly to have regulations in place in the coming months, but until such time, no one can legally import ganja, in any form, into the country as it remains illegal. The CLA wants to make this very clear to the public. Importing or exporting ganja is an illegal activity in Jamaica," said CLA chairman Dr Andre Gordon.

Mon
12
Oct

Medical marijuana dispensaries struggle while recreational marijuana takes off

Donald Morse looked at a former coffee shop in Oregon City when he was planning to open his medical marijuana dispensary. The rent was $3,500 and Clackamas County officials had at the time placed a moratorium on the sale of medical marijuana inside county limits.

Morse passed, deciding he'd rather have a more stable business location.

A year later, he noticed the spot was on the market again. For the rights to the lease and a medical marijuana retail license, the seller wanted $1.2 million. The price sounded absurdly high.

Mon
12
Oct

Amoeba Music competes for medical marijuana dispensary permit

In an effort to increase revenue, Amoeba Music is looking to expand its business beyond selling music as it competes for a permit to open Berkeley’s fourth medical marijuana dispensary.

Berkeley is currently host to three legal medical marijuana dispensaries. In 2010, Berkeley voters passed Measure T, which allowed for the creation of a fourth dispensary.

If Amoeba is chosen to receive the permit, it plans to pull merchandise from its current jazz and classical room, consolidating the store into one main space. The jazz and classical room would be converted into a completely separate building, creating two separate storefronts rather than incorporating the dispensary into the main music store.

Sun
11
Oct

Who Benefits From California's New Medical Marijuana Laws?

Gov. Jerry Brown signed a series of bills last week to finally regulate the medical marijuana industry decades after California first legalized cannabis for medical use and the major players are all claiming victory.

Environmentalists, business groups, pot farmers, local governments and consumer groups are all claiming benefits from the passage of three laws that regulate the sale, transport, and growth of medical marijuana.

Brown and state lawmakers crafted the regulations to help manage California’s unregulated billion-dollar medical marijuana industry, according to the LA Times.

Sun
11
Oct

'Marijuana resort' budding in South Dakota, set to open by year's end

The state-of-the-art marijuana growing operation with its 65 strains of plants is in its infancy as finishing touches are being put on the building where it will take about 14 weeks to grow about 80 pounds of pot. That's how much the tribe hopes to sell weekly at its smoking lounge and entertainment resort just south of their casino that is noting its 25th year of operation this month.

The resort has been about a year in the making, as the tribal council which leads the tribe of 280 adults and 110 children on the reservation voted 5-1 late last year to pursue the resort idea.

Sun
11
Oct

Recreational pot sales tops $11 million within one week in Oregon

If a public referendum on does pass 13 months from now legalizing recreational pot in California, the bills enacted this week could help smooth the state's transition to legalization, and being prepared to roll out retail sales in an orderly manner could pay very real dividends.

The owner of Main Street Marijuana in Vancouver says he's not anxious about competition from Oregon's new law, despite taking a 10 percent hit in sales last week. Those dispensaries can sell recreational products until December. 31, 2016, at which point all recreational sales will fall under the Oregon Liquor Control Commission's regulations and will take place at OLCC-licensed retail stores.

Sat
10
Oct

Gov Brown Signs Historic Bills to Regulate California's Medical Marijuana Industry

Nearly 20 years ago, California led the nation in legalizing cannabis for medical use with the enactment of the Compassionate Use Act (Proposition 215). However, the Act offered little guidance on how patients should obtain medical cannabis or how the industry should be monitored. This uncertainty has created a hodgepodge of local rules and ordinances and some very disturbing environmental and safety issues, but that’s all about to change.

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