Marijuana Business News

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Thu
28
May

Ground broken on massive Las Vegas marijuana farm

A groundbreaking ceremony at the future site of the Nevada Pure marijuana facility on Wednesday, May 27.

Clark County's medical marijuana dispensaries are nearly ready to open for business. The only thing they're missing is marijuana.

On Wednesday, ground was broken on Nevada Pure, a marijuana farm to be located in east Las Vegas. When complete, it will be larger than a football field and be capable of growing about 18,000 plants at a time.

Nevada Pure co-owner Kathy Gillespie said that currently most marijuana growers in Nevada are licensed at-home patients or caregivers. There simply isn't enough marijuana for dispensaries to sell. Nevada Pure will clone plants donated by growers.

Thu
28
May

After medical marijuana, Sidecar eyes alcohol and pharmaceuticals

Earlier this month, Sidecar expanded its mobile ride hailing service to deliver medical marijuana in San Francisco. It’s not the only substance the startup wants to bring to your door.

Sidecar is in talks with potential partners to deliver alcohol and pharmaceutical drugs to its users, said CEO Sunil Paul. And in case you’re craving them badly, it will get them to you in an hour. It’s not yet delivering those items but plans to by the end of the year, Paul said in an interview Wednesday.

Thu
28
May

Canadian Marijuana Growers Say: Don’t Import Sativa from Australia

Why does the Canadian government show blatant disrespect for Canadian marijuana growers?

That’s the question many of us are asking when we learn the Canadian government is facilitating a marijuana importation scheme in cahoots with the Australian government and an Australian “medical marijuana” company called AusCann.

AusCann is based on Norfolk Island, off Australia’s coast.

The company says it’s using two hectares of grow space to produce at least a ton of “medicinal cannabis” for export to the Canadian medical marijuana distribution system. It intends to create a “multi-million dollar” business exporting marijuana to Canada.

Thu
28
May

Marijuana Pharmacy: U.K. Opens First Cannabis Pharmacy in London

Britain is now home to its first-ever cannabis pharmacy.

Called Carun, the pharmacy was set up by Czech entrepreneur Michal Takac, who told the Daily Mail that he started using hemp-based products after an industrial accident seven years ago in which he lost three fingers, underwent several surgeries and was eventually fitted with custom-made prosthetic fingers that function with electromagnetic electrodes.

When synthetic prescription creams did him no good for scarring and pain, he discovered Carun ointment—made from hemp oil in the Czech Republic where the hemp is grown.

Wed
27
May

New Denver hotel allows marijuana use

DENVER — In LoDo, the Nativ Hotel is set to open. Thursday through Saturday there will be a series of functions to welcome the boutique hotel that allows marijuana use.

“We have something for everyone here at Nativ,” said owner Mike Alexander. “We have door bells on rooms, living plant walls on our outdoor patios where guests can consume marijuana on their stays, the Stereo Lounge in the basement, and original art work throughout the hotel. We even have a coffee bar specializing in CBD infused lattes.”

Wed
27
May

Without Federal Input, Colorado Pot Is On Its Own With Pesticides

The marijuana industry has a pesticide problem.

Many commercial cannabis growers use chemicals to control bugs and mold. But because of the plant’s unresolved legal status, Colorado regulators are having a tough time making sure pot buyers don’t ingest those pesticides. The parts of the federal government that regulate agricultural pesticide use want nothing to do with legalized marijuana.

“In the absence of any direction, the subject of pesticide use on the crop has just devolved to just whatever people think is working or whatever they think is appropriate,” says Colorado State University entomologist Whitney Cranshaw.

Wed
27
May

Outsmart Regulatory Barriers with Entrepreneurial Engagement

Less than a year ago, Canary, a mobile marketplace startup, was referred to as the “Uber for marijuana.” The company was founded to cater to medical marijuana patients who were not always in close proximity to a dispensary, or who had trouble getting around due to illness. Canary was also valuable to dispensaries, which benefitted from reaching more customers.

Wed
27
May

CannaVest Closes $6,500,000 Financing With Institutional Investor and Restructures Commitments to Supplier

CannaVest Corp. (OTCQB: CANV), a leading manufacturer and distributor of hemp, cannabis derivative, and Cannabidiol (CBD) based products, today announced that it has closed a $6,500,000 financing with an institutional investor, which will provide CannaVest with additional working capital as it continues to rapidly expand its customer base and sales channel. As more particularly set forth in CannaVest's Form 8-K filed with the Securities and Exchange Commission on May 21, 2015, the financing is structured in tranches, where CannaVest will receive four tranches of $500,000 each, and a final two tranches of $2.25 million upon the effectiveness of its registration statement to be filed with the SEC seeking to register the shares issuable under the financing.

Wed
27
May

Can One Man End the Global Drug War?

In between slurps of soup and sips of coffee, Jindřich Vobořil tells a story of his youth that would sell out a Broadway theater. He lived on and off the streets in his hometown of Brno, Czechoslovakia, running with local gangs. By age 12, he was burning through 30 cigarettes a day and says he moved on to hard drugs by his teenage years. By the mid-’80s, Vobořil was a 17-year-old dropout who played guitar in a rock band and had joined the nation’s preeminent anti-communist organization, Charter 77, before becoming … a Catholic, organizing underground religious activities — back then, religious people were persecuted by the government.

Friends, meet the unlikeliest top-level bureaucrat on planet Earth.

Wed
27
May

Here's what it's like to build a medical marijuana business before it's legal

Mitchell Trellis is putting everything on the line for a chance at what could be one of the most lucrative new business opportunities in Maryland: medical marijuana.

Trellis’ company, Maryland Wellness Access LLC, is among those gearing up to compete for one of 15 licenses Maryland will issue to cultivate cannabis and sell it to dispensaries. Trellis thinks the company’s best shot for a strong application — and being able to open for business — is to have the company ready to fire out of the gate, should Maryland give the signal.

“This is a heavy lift,” Trellis said. “This is kind of a difficult situation for an entrepreneur. You have to invest upfront without the promise of winning, then have the resources set up if you do win.”

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