Marijuana Business News

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Thu
30
Jul

Watch: A look inside medical marijuana facility of one of New York's license bidders

We’re expecting to learn by the end of the week, which companies will be given licenses to grow and sell medical marijuana in New York.

The Health Department has reviewed thousands of pages from 43 applications. Only five will be chosen. One of which is Hudson Health Extracts and they gave us an exclusive look inside their sister company in Watertown Connecticut.

New York will have some of the toughest regulations when it comes to medical marijuana. It will only be sold in the form of pills, tinctures, and vaporizers.

To protect the budding industry, Theraplant is located in a highly secure facility. NEWS10ABC had to suit up to protect the plants from pollen or any type of bacteria.

Thu
30
Jul

AXIM Biotech Presents Patented Cannabinoid Delivery Methods at My Compassion's Chicago Cannabis Conference

AXIM Biotechnologies, Inc. (OTC:AXIM) CEO George E. Anastassov, MD, DDS, MBA, proudly shared the Company's cannabinoid delivery methods – including the world's first patented cannabinoid release chewing gum - at the My Compassion Chicago Cannabis Conference. The three-day conference took place at Chicago's Navy Pier and focused on medical cannabis and hemp education with patients, industry professionals and the public.

Thu
30
Jul

Washington Lawyers Can Operate Marijuana Businesses

Lawyers in the state of Washington—one of five U.S. jurisdictions that have legalized recreational cannabis use—are generally free to operate marijuana-related businesses and to engage in personal use of the drug, the Washington state bar's ethics committee advised recently.

The opinion tackles questions the Washington Supreme Court left open last year when it adopted a new comment in the state's lawyer conduct rules authorizing members of the bar to provide legal advice to marijuana industry clients, but declined to approve another change that would have insulated lawyers from discipline for consuming the drug and investing in cannabis-related businesses.

‘Unfinished Business.'

Thu
30
Jul

Operational issues for medical marijuana producers

 

As news stories about the rise of legal marijuana businesses continue apace in the national media, New York State moved closer toward permitted marijuana use for medicinal purposes under the state’s Compassionate Care Act (Article 33, Title 5-A of the New York Public Health Law).

In early June, we learned that 43 groups submitted applications in the hopes of receiving one of the five licenses to be granted by the state Department of Health to grow and sell medical marijuana in New York. Though the five groups that ultimately receive the licenses from the DOH may be perceived as “hitting the jackpot,” they will nonetheless be confronted with a unique set of challenges in light of the current legal framework for businesses in the medical marijuana industry.

Thu
30
Jul

15 Hot Knowledge Management Trends for 2016

A business is, in essence, a vast collection of knowledge and information. It's what's behind the creation of benchmark products and services, and it exists as a web of insights and ideas shared by staff. It's in your documentation—your manuals, guidelines, lists, databases, memos, and files. And it's also in the minds of your team members, as the expertise you need to capture to enhance your business. Knowledge is power, and when properly harnessed, it fuels a successful company.

Technology has had a tremendous impact on knowledge management (KM), inspiring the development of robust software platforms to leverage KM strategies. Knowledge management software continues to evolve in response to new demands and challenges.

Thu
30
Jul

6 Non-Business Books Every Entrepreneur Should Read

I’m a voracious reader. I read at least 150 new books each year, spanning almost every genre of nonfiction and several fiction categories. I’m never far away from my Kindle, and I rarely make it through a week without ordering a new hardcover to my door through Amazon Prime.

Every good book contains at least one piece of advice that makes me a better entrepreneur. Although traditional business books have many lessons, the books I’ve found most transformative for my startup—and for myself as a leader—haven’t been business books in the classical sense. Instead, they’ve been great nonfiction finds that have helped inspire me at least one specific way.

Wed
29
Jul

Northwest Senators Push To Open Banking To Cannabis Businesses

Legal marijuana is a rapidly-growing reality. Four states, including Oregon and Washington, have legalized recreational use of the drug. Several more – including California – could well do so by the end of next year. Forty states have legalized it in some form for medicinal use.

Now, US Senators from Oregon, Washington and Colorado hope to start breaking down the federal barriers that lock many legal cannabis businesses out of routine banking and financial services.

When you start a business, one of the first things you do is set up bank accounts. But for a lot of budding entrepreneurs in states with legal marijuana markets, that’s often nearly impossible.

Wed
29
Jul

Illinois' Largest Medical Marijuana Lab Wants to Bring Innovation to Cannabis Cultivation

Down in Delavan, a town in central Illinois roughly 30 miles south of Peoria, sits a massive 75,525 sq. ft. medical marijuana cultivation facility that just became the second laboratory to grow cannabis in the state. 130 miles southwest of Delevan sits an identical 75,525 marijuana cultivation center in Barry, IL set to open within the next 30 days.

The two combined buildings, owned by Revolution Enterprises, make it the largest grower of medical marijuana in the state of Illinois, and the company believes it's on the forefront of cannabis innovation in the state.

Wed
29
Jul

Marijuana dispensary says business going to pot amid opening delays

Frustrated by months of delays, a medical marijuana dispensary is requesting internal Clark County records and threatening a lawsuit to get the store open.

Euphoria Wellness, on Jones Boulevard near Robindale Road, passed state and county inspections in April and has been ready to open since.

But the dispensary hasn’t been able to obtain marijuana because approved cultivation facilities have been slow to start and haven’t produced a viable batch.

Wed
29
Jul

Kaya Holdings Opens New Marijuana Grow And Manufacturing Complex As Oregon's Governor Gives Green Light For Octobe

PORTLAND, Ore., July 29, 2015 /PRNewswire/ -- Kaya Holdings, Inc. (OTCQB: KAYS) announced today that it has signed a lease on a 6,000 square foot facility in central Portland to serve as the Company's expanded Marijuana and Cannabis Manufacturing Complex and West Coast Operations Base.

The Company will consolidate Kaya Farms and the newly acquired assets of OC Harley Gardens, including equipment, plants and all related licenses into the new facility for a substantially expanded Grow with significantly increased volume capacities. The Grow will continue uninterrupted to produce high quality, connoisseur-grade marijuana, as the expansion occurs to prepare the Company for the October 1st commencement of recreational sales in Oregon.

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