Marijuana Business News

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Wed
15
Jul

Decision on medical marijuana licenses in New York expected any day

New York’s medical marijuana program is about to achieve liftoff, but so far New Yorkers have few clues as to who will grow the herb, process it and sell it in a non-smokable form.

Despite all the hurdles — such as the fact that marijuana is illegal under federal law — 43 companies have applied for state Health Department licenses to sell pot products. A decision on five licensees could come any day now, though companies competing for the licenses say they remain in the dark about how far along the process is.

One of them is Etain LLC of Katonah, Westchester County. Etain’s proposal calls for a greenhouse growing facility in Chestertown, Warren County, with dispensaries in Kingston, Yonkers, Albany and Syracuse.

Wed
15
Jul

NY: Medical marijuana company gains support in Schenectady County

The Schenectady County Legislature voted Tuesday to support an application by Fiorello Pharmaceuticals to build a medical marijuana cultivation center in Glenville.

Owned by Ari Hoffnung of the Bronx, Fiorello Pharmaceuticals is one of 43 applicants seeking five licenses to operate medical marijuana dispensaries under New York's Compassionate Care Act. A decision is expected soon.

Wed
15
Jul

Hawaii's first medical marijuana dispensary system becomes official

A bill to establish Hawaii’s first medical marijuana dispensary system became offical at midnight Tuesday, without Gov. David Ige’s signature.

The Hawaii state Department of Health has until Jan. 4 to finalize rules and regulations for the new system — a deadline that the governor has called "aggressive."

A highly competitive merit-based application process will commence in January, and only eight applicants will be awarded licenses. Each license holder will be allowed two dispensaries.

While the new law does not specify what the cost of medical marijuana will be in Hawaii, experts predict it to run from $200 to $300 an ounce.

Wed
15
Jul

Capitalizing on marijuana: Here's who's behind all that weed

Last month, hundreds of visitors mingled outside three conferences being held side by side in New York City’s massive Javits Center. Sharing lines for lattes with their neighbors from the Salesforce and International Franchise Expo meetings down the hall, attendees of the Cannabis World Conference & Business Exposition could only have been picked out of the business-casual crowd by a careful observer thanks to one detail: the green accents on their name badges.

Wed
15
Jul
Wed
15
Jul

After ‘Year of Pot,’ Cannabis Industry Is Worth Serious Cash

A look at the latest in potrepreneurship.

Last month, hundreds of visitors mingled outside three conferences being held side by side in New York City’s massive Javits Center. Sharing lines for lattes with their neighbors from the Salesforce and International Franchise Expo meetings down the hall, attendees of the Cannabis World Conference & Business Exposition could only have been picked out of the business casual-crowd by a careful observer thanks to one detail: the green accents on their name badges.

Wed
15
Jul

New Zealand: Unravelling hemp's potential

Isaac Beach, sporting a hemp briefcase, is looking for partners for a bigger industrial hemp trial in Hawke's Bay.

With an MBA under his belt Isaac Beach went looking for opportunity.

The event manager, who worked several years with Rhythm and Vines, decided his opportunity was industrial hemp from the cannabis plant.

It is grown legally throughout New Zealand but not in Hawke's Bay. The New Zealand market is for its oil but he saw a potential for the fibre's insulative/building potential, filling an urgent need in social housing.

Wed
15
Jul

Marijuana Dispensary Opening on Hold

SPARKS, NV - There was supposed to be a line out the door at Silver State Relief Monday, but instead the building remains empty.

"Right now we are in a holding pattern. We've got people hired and people in there right now making last-minute preparations," said Aron Swan, general manager at Silver State Relief.

Tue
14
Jul

Salveo Capital To Host Marijuana Investment Summit

The Salveo Capital Marijuana Investment Summit will provide attendees with the knowledge to confidently invest in the next great American industry.

Tue
14
Jul

Hawaii's first medical marijuana dispensary system becomes official at midnight

A bill to establish Hawaii’s first medical marijuana dispensary system will become law at midnight Tuesday, with or without Gov. 

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