Marijuana Business News

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Mon
02
Nov

How 'The Marijuana Show' co-founders smoked 'Shark Tank'

This show has invested millions in budding entrepreneurs, and it isn’t “Shark Tank.”

“The Marijuana Show” launched its first 13-episode season online last year, providing a broadcast platform for marijuana companies to pitch their ideas to interested investors. It just wrapped its second season, which ended up with $13 million in total investments from four new investors, who are described as more “dolphin” than shark for their willingness to mentor contestants.

Mon
02
Nov

12 things we know (and don't know) about Bernie Sanders's marijuana proposal

On Wednesday night, Democratic presidential candidate Bernie Sanders announced a proposal to dramatically shift marijuana policy in the United States. At a campaign stop in Virginia, Sen. Sanders announced he would be proposing new legislation in the coming weeks to remove cannabis from the list of Controlled Substances—a move many call “descheduling.” In many ways, this would be the most aggressive change—short of national legalization—that Congress could make, and Sanders is the most prominent official in the United States to support such a move. There is a bit we know about what this proposal could mean, and there is much we don’t quite yet know. Let’s break down each.

What do we know about Sanders’ descheduling proposal?

Mon
02
Nov

Charged owner to reopen Saskatoon marijuana dispensary today

Mark Hauk, the owner of an unlicensed medical marijuana dispensary in Saskatoon, says he'll reopen his dispensary today, after spending Thursday night in jail and Friday morning in front of a judge to face drug trafficking charges related to his business.

"I don't have a condition that I can't be at the store," Hauk said at a protest staged in front of the Saskatoon police headquarters on Saturday afternoon.

He was released on $1,000 bail on Friday morning after appearing before a judge at Provincial Court.

"To be there and do advocacy work, it's not a breach of conditions, it's not against the law. And it's work that needs to be done," he said, noting he'll be providing "advice to patients in any way that they need it."

Mon
02
Nov

Marijuana vote in Ohio difficult to predict

The television commercials, direct-mail ads, endorsements and debates are over: It’s time to decide whether marijuana will be legal in Ohio.

Eyes across the country will be on the Buckeye State on Tuesday to see what voters decide on State Issue 3, the for-profit constitutional amendment to legalize marijuana in smokable and edible form for recreational use for those 18 or older, and for patients of any age with qualifying medical conditions.

The warring campaigns — ResponsibleOhio and Ohioans Against Marijuana Monopolies — are as different as you can imagine.

ResponsibleOhio is backed almost exclusively by 10 groups of wealthy investors who were expected to spend upward of $25 million on the legalization campaign.

Mon
02
Nov

Colorado attorney says federal law protects him from pot prosecution

 

In a motion that could throw federal enforcement of marijuana laws in Colorado into commotion, a lawyer at the center of one of the biggest criminal pot cases in the state’s legal-marijuana era is asking a judge to toss out the case against him.

In the new motion, lawyer David Furtado argues that the federal crimes he is charged with — money laundering and trying to deposit proceeds from an illegal enterprise into a bank — all stem from activity that is legal under state law in Colorado. Because Congress last year passed a law prohibiting the U.S. Department of Justice from spending money to interfere with state medical marijuana laws, Furtado argues that the indictment against him should be dismissed.

Sun
01
Nov

Manitou Springs tax collections booming amid recreational marijuana sales

Business is booming in Manitou Springs, and its sales tax collections are at record levels.

The city brought in $2.71 million through August, more than the total for all of last year. A noteworthy figure, considering the sales tax revenue collected in 2014 was the city's largest total in at least a decade, according to data provided by its finance department.

And while a string of summer months devoid of major fires and floods and an improving economy have helped contribute to Manitou's success, recreational marijuana sales cannot be ignored.

"We were well on our way to financial health and recovery of our community," Mayor Marc Snyder said. "And the new taxes from recreational marijuana were just a real boost."

Sun
01
Nov

Pot Legalization Brings Struggling New Arrivals to Pueblo, Colorado

Meanwhile legalized marijuana usage in Colorado has produced unexpected consequences.

“I think the world is looking at Colorado and I think this is this great period with great social and economic change around controlled substances”.

Marijuana candy. Trick or treat? a billboard on a major Denver thoroughfare warned.

Sun
01
Nov

Some Non-Profit Organizations Are Still Wary Of Marijuana Industry Donations

I have said many times that the marijuana community can do big things outside of the marijuana world. The marijuana community over the years has built a machine that can spread awareness like no other, pool together resources like no other, and mobilize volunteers like no other. These things have benefited cannabis reform greatly, and they can be used to benefit other worthy causes. Any non-profit organization should be grateful to get the level of assistance that the marijuana community can provide.

Sun
01
Nov

The Newest Trend In DC Real Estate: Marijuana Grow Closets

Washington, D.C., realtors are constantly looking for new perks to help sell houses in one of the most expensive real estate markets in the country. Their latest endeavor: marijuana grow closets.

When the District legalized the possession of marijuana in February a new market of would-be growers formed, and now realtors hope to cash in on that market, NBC Washington reports.

Developers across the city are planning to add grow closets to future developments and companies that specialize in selling the equipment needed to grow marijuana indoors.

Sun
01
Nov

Omaha Tribe to consider legalizing marijuana

The Omaha Tribe of Nebraska is considering getting into the lucrative marijuana business, but at least one tribal expert fears doing so could put the tribe at risk of losing any investment it may make in marijuana industries.

The tribe plans to hold a referendum Tuesday in which members will vote on whether the tribe should allow recreational use of marijuana, medicinal use of marijuana, and growing industrial hemp on its northeast Nebraska reservation.

Ultimately, however, the Omaha tribal council will decide all three questions. The referendum vote simply will give the council guidance on whether to move forward, according to an information sheet distributed by the tribe.

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