Marijuana Business News

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stocks
business
Thu
11
Jun

The Uncertain Future of Cannabis Farming in Humboldt County

As part of my work on the Blue Ribbon Commission on Marijuana Policy I spent an intriguing and enjoyable couple of days in Humboldt County with California Lt. Governor Gavin Newsom, Congressman Jared Huffman and State Assembly Member Jim Wood. We met with growers, toured a cannabis nursery and also held a public forum. This photo of the forum, taken from the back by journalist Grant Scott-Goforth, gives some sense of how well the event was attended. The room was crammed with over 200 people who stayed until the end (despite the room’s considerable heat) to articulate their concerns.

Wed
10
Jun

Huge medical marijuana grow op faces delay

Construction appears to have been halted on a massive medical marijuana grow operation planned for Stellarton.

According to a Vida Cannabis news release, it is attempting to reduce expenditures while it waits for approval from Health Canada for its required security clearance.

“Because of the lack of visibility regarding timelines for security clearance, we feel it is prudent to pace our expenditures until we have a better idea of our progress in the licensing process,” reads the release.

“We are working together with Lindsay Construction, with their full support, on a construction timeline and budget that takes into account the longer than anticipated wait at the security clearance stage.”

Wed
10
Jun

Nutritional High Building a Multi-State Edibles Manufacturing Platform

WHITEFISH, MT / ACCESSWIRE / June 10, 2015 / Consistency is key. This is the philosophy under which Nutritional High is building its business from day 1. Headlines abound about marijuana edibles containing anywhere from 0 to 200% of the dosage stated on the package. Some purveyors of edibles, be it homemade brownies or products purchased at dispensaries, find dosing an issue. Testing in Colorado confirms that dosing is a significant challenge for marijuana edible companies as they try to ramp up production, and this is a challenge Nutritional High is taking up.

Wed
10
Jun

Tennessee hemp farmers start planting highly regulated seeds

ONESBOROUGH, Tenn. (AP) - Farmers in Tennessee have started receiving highly regulated hemp seeds to produce the state's first legal harvest of the crop in more than 70 years.

The Johnson City Press reports that 46 farmers are receiving the seeds this year through a pilot program offered by the Tennessee Department of Agriculture. Officials hope to learn what varieties of hemp will grow best in which areas of the state.

Washington County farmer Wayne Smith says he expects to harvest the crop in four months and sell hemp oil at a local farmers market.

Wed
10
Jun

Why the right to “eat it” is behind the downtrend in the medicinal marijuana market

June 9, 2015 — In a special InvestorIntel interview, Publisher Tracy Weslosky and Senior Editor Peter Clausi discuss the recent trends in the medical marijuana industry. They explain reasons for uncertainties in the market such as the Supreme Court of Canada case regarding what forms of marijuana may be ingested. Clausi goes on to say that though there is still capital available, there will be more certainty in the sector once the court cases are decided.

Tracy Weslosky: I’ve noticed a number of the medicinal marijuana and hemp stocks have actually moved downwards. Can you tell us what’s going on?

Wed
10
Jun

Ban lifted: Retail pot is now a reality in this Colorado city, says city council

COMMERCE CITY — Those who want to run a recreational marijuana store can now apply to open a business in Commerce City after council lifted a ban that had been in place since 2013.

And recreational as well as medical marijuana businesses (or testing, cultivation or manufacturing facilities) now have more site options and a streamlined application process after City Council last week also approved updated zoning and licensing rules.

Medical marijuana businesses have been allowed in Commerce City since 2012. Back then, basic marijuana regulations for things like distance from schools and parks were adopted into the city code. But in the three years since then, no one applied to open a store in Commerce City.

Wed
10
Jun

What sparks more business interest: Start-Up NY or medical marijuana?

SYRACUSE, N.Y. – Forget lucrative tax-free offers for new and expanding businesses.

What some companies really want to do in New York is grow and sell pot.

On Tuesday, the state announced that 43 companies have applied for just five spots to be sanctioned growers and distributors of medical marijuana in New York. During a six-week window, those companies filed copious paperwork and paid $10,000 a pop each for the opportunity to be considered as a legitimate New York marijuana manufacturer and distributor.

Wed
10
Jun

Aussie 'pot stock' MGC Pharmaceuticals wins license to grow marijuana

An Australian pharmaceutical company, the most recent "pot stock" to trade on the ASX, has become one of the first local players to be granted a license to grow marijuana for medicinal purposes. 

MGC Pharmaceuticals, which is operated out of Israel, will be allowed to grow, process, import and export cannabis from Slovenia, where the government has legalised the practice.

Fellow Australian cannabis producer, AusCann, secured permission to grow and export marijuana on Norfolk Island in May. The difference between the two producers is MGC hopes to produce a product for the cosmetic industry whereas AusCann is targetting pain relief. 

Wed
10
Jun

Colorado Cuts Marijuana Tax, Targets Black Market, While Oregon Eyes 20% Tax

Colorado is leading again, this time with a permanent tax break on recreational marijuana. The state is lowering the tax from 10% to 8% effective in July 2017, a move that could cut into Colorado’s black market. Colorado was the first state to legalize marijuana for recreational use, and now it’s passed a marijuana tax relief. There is even a one-time tax holiday on September 16, 2015, from the 10% state sales tax.

Wed
10
Jun

National Cannabis Bar Association: Weed attorneys, unite (quite literally)

If a prominent American law school has a “professorship for marijuana law and policy” sponsored by a successful law firm focusing primarily on cannabis law, why shouldn’t there be a weed-only bar association for said practicing attorneys?

It was only a matter of time, of course.

The National Cannabis Bar Association launches today with the goal of becoming “a specialty bar association dedicated to providing attorneys in the cannabis industry with educational and networking opportunities to help them better serve cannabis businesses,” according to a press release.

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