Marijuana Business News

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stocks
business
Mon
18
May

Banks just saying no to marijuana money

Customer Paxton Berlanga, of Indiana, right, smells a strain of marijuana, while being helped by employee Billy Archilla, inside the retail marijuana shop at 3D Cannabis Center, in Denver, Friday Feb. 14, 2014. The marijuana industry breathed a sigh of relief Friday after federal banking regulators issued long-awaited permission for them to access basic banking services. (AP Photo/Brennan Linsley)

NEW YORK — The U.S. government has opened a new line of business for America’s biggest banks, and for once they don’t want it. Little wonder: it’s cash from legalized marijuana.

Mon
18
May

This Marijuana Stock's Expenses Are Soaring

GW Pharmaceuticals Inc. (NASDAQ: GWPH  ) has the richest pipeline of marijuana-derived medicines in development, and that has investors flocking to pick up shares in hopes of benefiting from the rising adoption of such drugs. But a flurry of research trials is also costing the company big bucks, so investors should pay close attention to how quickly it burns through its cash stockpile.

Mon
18
May

Denver industrial market tightens with growth in jobs and marijuana

In this 2014 file photo, master grower Evan Schick steps lightly as he waters the 750 marijuana plants jammed into his facility, which supplies Walking Raven dispensary. (John Leyba, Denver Post file)

Job growth and pot growth are fueling record high lease rates and low vacancies in Denver's industrial real estate market.

"Competition for industrial space in the Denver market is very aggressive," said Dawn McCombs, senior vice president and industrial specialist at the Denver office of brokerage Avison Young. "The lack of quality options for tenants is driving rental rates higher than I have ever seen."

Mon
18
May

While waiting on Salem, cities grapple with marijuana regulations

Gresham's debate this month over whether to allow medical marijuana businesses exposed a deep divide of opinion about the drug in the state.

Supporters, like Councilor Karylinn Echols, argued city government shouldn't stand in the way of a patient's need for medication while Council President Jerry Hinton, who opposes the businesses, said he doesn't want to provide access to another intoxicating drug to residents.

Mon
18
May

Judge orders marijuana plant quarantine to continue

DENVER — A victory for The Denver Department of Environmental Health after a judge maintained the department’s hold on thousands of marijuana plants.

In March, the city quarantined thousands of plants from several cultivation sites because a pesticide may have been improperly used.

On March 25, the Denver Department of Environmental Health found evidence that plants at six locations had been contaminated by pesticides which are not approved by the Colorado Department of Agriculture. The businesses involved cannot sell the marijuana which has been placed on hold.

Mon
18
May

Marijuana, global warming, and the "Green Rush"

Global warming may give a minor twist to that classic hippie bumper sticker that quips "Acid rain: Too bad it's not as much fun as it sounds." Turns out a warming climate could boost the medicinal and psychoactive properties of plants including cannabis. 

But that’s not all: Climate change will also open up higher elevations to growing weed clandestinely on public lands, a practice that’s putting increased strain on fragile ecosystems.

Some say relaxed marijuana laws exacerbate the problem by bringing in more growers; others argue increased regulation and oversight will eventually lead to more responsible growing practices.

Outdoor pot will become hardier

Mon
18
May

Incredible Medibles: Marijuana Meets Culinary Innovation

In March, Ben and Jerry’s co-founders Ben Cohen and Jerry Greenfield told HuffPost Live they’d consider making a marijuana ice cream for markets with legalized marijuana. That might not be entirely surprising, considering the company’s hippy vibe—but these days cannabis cuisine is about a lot more than hippies baking pot brownies.

Mon
18
May

Colorado is the next Silicon Valley: Why the legalized marijuana industry is flourishing

The convention floor at Denver Airport’s Crowne Plaza on a recent afternoon could have been the trade show for any well-established industry — gray-haired execs in conservative suits mingling with office park dads in polos and fresh-out-of-college types in brand-emblazoned T-shirts. Only this is a new kind of business conference with a special Colorado theme: legal weed.

After Colorado voters legalized marijuana in 2012, more states and cities are considering a similar path for themselves. At the same time, the cannabis market is looking less like a music festival and more like a Silicon Valley confab — upscale, data-driven and focused on investors.

Mon
18
May

How Will the Cannabis Industry Grow Through the ‘Terrible Twos’?

In parenting, the “terrible twos” are when babies are just starting to learn what they are capable of doing.

“Hey, look at this—I can move around! Hmmm, I can communicate, and people will be riveted by it. Hey, I think I’m the most interesting thing in the room. Yep, sure am!”

This transition in itself creates a whole host of conflicts—temper tantrums, learning to say no, and a fair amount of general bumbling. As the Mayo Clinic describes it, “The terrible twos typically occur when toddlers begin to struggle between their reliance on adults and their desire for independence.”

 

Sun
17
May

Medical Marijuana Providers Prepare To Emerge From Shadows

When recreational marijuana became legal in Washington state, people wondered what would happen to medical marijuana dispensaries.

Gov. Jay Inslee answered that question in April, when he signed a law requiring they obtain licenses and join the state regulatory system.

But medical marijuana dispensary owners have more questions about emerging from the shadows, and they’re turning Robert McVay, an attorney with Seattle’s Canna Law Group.

“Some of them are saying, 'Hey, we’ve been spotty on our tax payments, and we want to clean our act up so we have a history of good behavior prior to this licensing process,’” McVay said.

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