Marijuana Business News

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Wed
12
Aug

Basalt-area marijuana farm's license in peril

In a highly charged meeting Tuesday, Pitkin County commissioners told the owners of High Valley Farms, a marijuana grow facility that debuted last year, that its license is in serious peril because of its chronic stench.

The meeting was the latest in a series of county commissioner work sessions over the smell wafting from High Valley Farms, located in the Basalt area. And each time, Jordan Lewis, co-owner of the greenhouses, has assured commissioners and neighbors the stench will be eradicated. The neighbors also have been making repeated claims that the odor hasn’t gone away, continually and negatively impacting their lifestyle.

Wed
12
Aug

American Indian tribes plan to make marijuana a cash crop

American Indian tribes are looking to become the beneficiaries of the “green gold rush” as the legalisation of marijuana spreads from state to state.

With four states and Washington DC already allowing the recreational use of pot, and more expected to follow, cannabis cultivation is on the cusp of becoming very big business, especially with another 23 states already allowing pot to be used for medicinal purposes.

This is very good news for American Indians with as many as 200 tribes understood to be considering growing cannabis on their land.

Wed
12
Aug

Scientific Botanical Leasing, Closes First Round $800K Funding, Rolls Out IRA and Qualified Plan Investment Offering

Scientific Botanical Leasing, a leader in engineering and development of cultivation and related manufacturing facilities, announced that it has finalized its first round funding totaling $800,000, and has opened its Series 2015B offering to new investors ($25,000 minimum, $1.5 million maximum offering, accredited investors only, 506C). The Series 2015B offers commercial real estate secured Notes, which can be purchased by IRA, Qualified Plan and other investors that meet the offering requirements.

Tue
11
Aug

An Exclusive Conversation on America's Fastest Growing Industry

THE STATE OF MARIJUANA

September 26, 2015

Real Office Centers, Santa Monica
604 Arizona Ave, Santa Monica, CA 90401
#SOMJ

Considered to be the fastest growing industry in the United States, the legal cannabis market has grown to a worth of $2.7 billion.  Four states have legalized marijuana for adult use, and 20 states have legalized it for medical use.  It is projected that by 2016, California will have legalized marijuana for adult use.

Tue
11
Aug

Tacoma Armory to host marijuana trade show and seminars — and a cannabis competition

Event promoter Cory Wray, 32, is excited to bring the inaugural Northwest Cannabis Classic to the Tacoma Armory the weekend of Aug. 29-30. Approximately 70 vendors are scheduled for the trade show with an expected attendance of 4,000-5,000 visitors.

Previous cannabis-related conventions and trade shows in Washington have lacked only one thing: cannabis.

That is about to change.

Given what he’s about to bring to Tacoma, the “M” in Cory Wray’s MBA might well stand for marijuana, a substance of which he claims to be a longtime consumer.

Tue
11
Aug

A cannabis startup wants you to choose your own high

 

What if you could choose exactly the type of high you felt when you smoked a joint or ate a pot brownie?

Scientists at the cannabis company Ebbu are creating marijuana extracts to conjure up the kind of mood you’d like to feel. They want consumers to experience one of their five branded feelings: giggle, create, energy, chill, and bliss.

“Consumers don’t purchase edibles based on flavoring, they purchase based on how it’s going to make the person feel,” says Dooma Wendschuh, co-founder of Ebbu.

According to experts, marijuana in its raw form is totally unpredictable, which is why most first-time users don’t know what to expect when they try it. Ebbu is trying to take that unknown factor out of the equation.

Tue
11
Aug

Is Cannabis Biotech Zynerba the Hottest Post-IPO of 2015?

Zynerba Pharmaceuticals Inc. (NASDAQ: ZYNE) had a solid run on Monday following the prior week’s initial public offering. The problem is that this deal was so small, and it came out during a serious week of selling in the equities market, that most investors may not even know about this company at all.

Zynerba Pharmaceuticals sold 3 million shares of common stock at $14.00 per share in its IPO last week. All 450,000 shares in the overallotment option were used, and the pricing range had been $13.00 to $15.00 per share.

Jefferies and Piper Jaffray were the joint book-running managers for this offering. Canaccord Genuity and Oppenheimer were listed as co-managers for the IPO.

Tue
11
Aug

Marijuana Legalization in Colorado Leads to First ‘Weedery’

Green Man Cannabis Ranch and Amphitheater is set to open early next year in Denver. It will grow marijuana in greenhouses.

Wineries and breweries should brace themselves for some unusual competition. Colorado, which legalized marijuana for recreational use in 2012, will get its first “weedery” in early 2016.

Tue
11
Aug

Oregon Medical Marijuana Business Conference: Bridging the Gap

The Oregon Medical Marijuana Business Conference (OMMBC) is just over a month away. Attendees will get the latest info on both medical marijuana regulations and upcoming recreational regulations as the conference bridges the gap between the two Oregon systems. This is the fourth OMMBC that has already sold out the first conference in Ashland and two in Eugene.

Tue
11
Aug

Aurora Announces Appointment of Chuck Rifici and Adam Szweras to the Board of Directors

VANCOUVER, BRITISH COLUMBIA -- Aurora Cannabis Inc. ("Aurora" or the "Company") (CSE:ACB)(FRANKFURT:21P)(WKN:A1C4WM)(OTCQB:ACBFF) is pleased to announce the appointment of Chuck Rifici and Adam Szweras to the Board of Directors of the Company.

Mr. Rifici is the co-founder and former CEO of Tweed Marijuana Inc. ("Tweed") and currently a director of the Liberal Party of Canada. Prior to Tweed, he served as CFO of various technology firms such as Select Start Studios (acquired by Shopify), TekSavvy Solutions Inc. and Cybersurf Corp. Mr. Rifici is a chartered professional accountant. He obtained his MBA from Queen's University and a B.A.Sc. in Computer Engineering from the University of Ottawa. 

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