Marijuana Business News

Synonyms: 
stocks
business
Tue
22
Sep

Canopy Boulder steers funding to businesses behind the marijuana industry

It’s risky, unproven and still illegal at the federal level, but a group of Boulder investors is betting on the cannabis industry.

They’ve launched Canopy Boulder, a mentorship and seed-stage investment program, and put up $1.2 million to shepherd 20 entrepreneurs into the new, fast-growing field of marijuana ancillary businesses and services.

The way they see it, the cannabis market is theirs for the taking. But because it’s new, there is no model to look to for guidance.

 

Tue
22
Sep

Just say no: PNC Bank won't work with medical marijuana businesses

A growing number of states are licensing distributors of medical marijuana but these businesses may have a tough time finding a bank.

Tue
22
Sep

FutureLand (FUTL) Sets a Course to Jamaica's Cannabis Market

FutureLand Signs an MOU with Raw Essentials International LTD to Access the Jamaican Cannabis Market

Tue
22
Sep

Nine businesses apply to start pot-production facilities in Maple Ridge, Canada

A worker walks on the site of greenhouses under construction in Maple Ridge, B.C. Owners of the greenhouse have applied to Health Canada to grow medical marijuana at the facility.
(DARRYL DYCK For The Globe and Mail)

When Craig Speirs was first elected as a councillor in the quasi-rural community of Maple Ridge five terms ago, marijuana was a minor issue the police dealt with.

Now, Mr. Speirs and his fellow councillors have nine well-capitalized businesses applying to start marijuana-production facilities in their city. Two are already in operation, even though they do not have Health Canada permits and are technically illegal.

Tue
22
Sep

Colorado and marijuana, supply and demand: Business outside of traditional banking

The case study in how a business can exist outside of the embrace of traditional banking — as, in this case, traditional banking is afraid of being done for money laundering, since the product in question is still illegal on a Federal level — continues.

Tue
22
Sep

Smoke Signals: Washington State And Suquamish Tribe Ink First Ever Marijuana Compact

The Suquamish Tribe and the State of Washington recently signed and entered into the nation’s first marijuana compact to allow a Native American Tribe to cultivate, process, and sell marijuana within a state’s highly regulated marijuana system.  I previously blogged about how Washington was the first state to adopt a compacting system for tribes and regulated marijuana, but this signed compact reveals more about what tribes can expect when they “partner” with Washington State on cannabis.

Tue
22
Sep

Seattle IRS agent accepted bribe from marijuana shop owner

An Internal Revenue Service agent was arrested Monday morning after being charged with accepting a bribe from a Seattle pot shop owner.

Seattle man Paul G. Hurley, 42, faces a federal charge of soliciting and agreeing to receive a bribe by a public official and two counts of receiving a bribe by a public official. He has been charged in U.S. District Court at Seattle.

Prosecutors say Hurley demanded $20,000 from the marijuana shop owner in exchange for granting him lenience in an audit, despite the business owner never requesting a break.

After the bribe proposition, the pot shop owner reported Hurley to federal authorities, who supervised the subsequent handover of money, according to charging papers.

Tue
22
Sep

Men's Wearhouse founder comes out in favor of pot legalization

You can count on one hand the number of chief executives of large companies who publicly support the legalization of marijuana. The list goes as follows: 

Tue
22
Sep

Women are taking the cannabis industry by storm

At the Cannabis World Congress and Business Exposition last week in Los Angeles, one thing was striking: the number of women in attendance and delivering presentations was off the charts. In an industry that is just becoming organized, as more U.S. states and countries legalize the use of cannabis, women have discovered an opportunity to claim their place right at the beginning.

They're opening dispensaries, creating consumer products, lobbying for the widespread use of this demonized plant as its beneficial proprieties becomes evident. The legal cannabis market is increasingly attracting women in all aspects – and that's why Newsweek recently wrote this might be the first billion-dollar market to be dominated by women instead of men.

Tue
22
Sep

SpeedWeed Forms Strategic Partnership With HelloMD To Offer Instant Access To Medical Marijuana

On The Heels of Being Named The Most Visited Site in the Cannabis Sector By Awesomepova, the Largest Medical Marijuana Delivery Service Surges Forward

LOS ANGELES, Sept. 21, 2015 /PRNewswire/ -- SpeedWeed, California's largest, most experienced and fastest growing medical marijuana delivery service has entered into a strategic partnership with HelloMD, a service that connects members to doctors who can authorize their recommendation and allow them to get their legal marijuana prescription via online video consultations.  

Pages

Subscribe to RSS - Marijuana Business News