Marijuana Business News

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stocks
business
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.  

Tue
22
Sep

When employees must smoke pot at work: Employers need to confront reality of medical marijuana

As marijuana emerges as a mainstream treatment, employers will need to figure out how to deal with the use of medical pot in the workplace.

As far as the law goes, there’s no need for employers to overhaul existing policies — assuming, of course, an employer has already put rules in place that deal with the use of other prescription drugs that might impair mental capacity. From a legal perspective, all that’s really happening is that medical marijuana is taking its place along side pain killers and other powerful drugs doctors have been legally prescribing for years.

Tue
22
Sep

Canada: Marijuana prohibition can do more harm than good, doctors tell federal parties

If Canada's new government chooses to legalize marijuana beyond medical use then it should get into the business of controlling its supply and sale to prevent the rise of a "Big Cannabis," addiction specialists say.

Cannabis policy could be an issue ahead of October's federal election. The governing Conservative party favours the status quo, the competing Liberals have promised legalization and the New Democrats support decriminalization. The Green Party has said it would legalize and tax marijuana.

Mon
21
Sep

Tuatara Capital Secures Lead Investor Position in Willie's Reserve

NEW YORK, Sept. 21, 2015 /PRNewswire/ -- Willie Nelson and Tuatara Capital, L.P. are pleased to announce their partnership to establish Willie's Reserve, a premium cannabis lifestyle brand. Tuatara Capital will lead an investor group that is financing the development of American music legend Willie Nelson's cannabis brand. Founded in 2014, Tuatara Capital is a specialized alternative investment manager focused on supporting high-growth companies in the legal cannabis industry.

The investor group led by Tuatara Capital shares Willie Nelson's passion and vision for the cannabis category.

Mon
21
Sep

How legal marijuana is working in Seattle

Seattle- Legalizing marijuana in the state of Washington has eliminated wasted police time and effort pursuing non-violent drug cases and led the community to instead look at it as a health issue, according to backers of drug reform laws in Seattle. The movement has allowed the opening of hundreds of retail shops selling pot. John Davis, owner of the Northwest Patient Resource Center, a medical marijuana shop, has been a long-time advocate for pot use to help people deal with a variety of ailments. 

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