Marijuana Business News

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Mon
29
Jun

Cannabis college hosts DC marijuana seminar

On Sunday, Oaksterdam University held a cannabis seminar for those interested in the product.

WASHINGTON — There’s law, medicine and culinary arts being taught just blocks away from the White House.

But this isn’t your typical college seminar. It’s a crash course on all things cannabis.

The Sunday event, held at the Capital Hilton on 16th St. NW, was put on by Oaksterdam University, a Oakland, California-based school that claims to be the nation’s only recognized cannabis college.

Mon
29
Jun

Are Marijuana Prices About to Plummet?

The marijuana industry could be a giant in the making.

According to a 2014 report from GreenWave Advisors, a research firm for the up-and-coming marijuana industry, if all states and the federal government were to legalize recreational and medicinal marijuana, it would be a $35 billion industry by 2020. Even if this scenario seems unlikely, GreenWave predicts that by 2020 the marijuana industry will expand to become a $21 billion market, with 37 states in total legalizing the product for medicinal purposes, and 12 states legalizing marijuana for recreational, adult use.

But, despite all this promise, the marijuana industry is nothing if not nascent and unproven.

Mon
29
Jun

Why marijuana stocks might go up in smoke

Such behavior led the SEC to put temporary trading halts on five of the better-known marijuana stocks last year: Fusion Pharm (ticker: FSPM), Cannabusiness Group (ticker: CBGI), Advanced Cannabis Solutions (ticker: CANN), Petrotech Oil and Gas (ticker: PTOG), and GrowLife. The reasons included doubts about the accuracy of financial information, potentially illegal sales of securities, and market manipulation.

Mon
29
Jun

Hope, anger and confusion in Minnesota as medical marijuana launch nears

On Wednesday, Minnesota steps into the strange new world of the marijuana business.

Never mind that the federal government says marijuana is as dangerous as heroin, putting both in the Schedule 1 category of controlled substances. Starting Wednesday, pot pills will go on sale as medical marijuana.

“I must say this is really very odd. We are talking about a Schedule 1 drug,” said Beth Hundley of Golden Valley, who will be buying the marijuana for her epileptic 3-year-old daughter.

The little pills contain more uncertainty than any medicine has before it.

They can’t be made by big companies, which won’t touch an illegal drug — so Minnesota has licensed two home-grown startups to do it.

Mon
29
Jun

GOP presidential candidates dislike legal marijuana but some support Colorado's right to have it

GOP presidential candidates dislike legal marijuana — but some support Colorado's right to have the law (Slideshow) - Denver Business Journal

Former Arkansas Gov. Mike Huckabee speaks at an impromptu media conference on June 27,… more

Republican presidential candidates speaking in Denver this weekend uniformly criticized the state’s legalization of recreational marijuana — but also said for the most part that they would not attempt to overturn what they considered to be an issue of states’ rights.

Mon
29
Jun

Widely Supported Rhode Island Bill To Regulate Marijuana Like Alcohol Remains On The Table

Rhode Island state lawmakers recessed the legislative session late Thursday leaving hundreds of bills, including a widely supported proposal to make marijuana legal for adults and regulate it similarly to alcohol, pending action. Legislative leaders have indicated they may call a special session in the fall to finish their agenda.

Sun
28
Jun

Pot will be legal in Oregon — but you can't buy it

It's being called the second immaculate conception.

Come Wednesday, adults 21 and older will legally be allowed to possess and use recreational marijuana in Oregon.

But complicating this new, hard-fought-for freedom is one niggling detail: Potential users must receive their marijuana as a gift or get it on the illegal black market because there are still no licensed retail stores in Oregon where law-abiding residents can buy it.

Simply put, residents can smoke and inhale pot, eat brownies baked with it or rub lotions containing the oils into their skin; there's just no legal way to purchase it.

Sat
27
Jun

Towns like Vail, Breckenridge worry about maintaining 'brand image' with marijuana

You can buy a Budweiser in Vail. You can smoke a bud, as in the flowering portion of a cannabis plant, in the privacy of your own home. But buy a bud, shatter, wax or chocolate chip cookies infused with THC, the psychoactive agent in cannabis?

Not yet. And perhaps not ever. Unlike some other ski towns in Colorado, which have chosen to treat marijuana similar to alcohol in important ways, Vail has been deeply ambivalent about allowing sales. Almost everybody would agree that attitudes toward cannabis use have rapidly changed, and many people would agree that it’s for the better that the economy of cannabis has been brought above ground.

Sat
27
Jun

Wall Street wants to reach marijuana entrepreneurs

New entrepreneurs of marijuana in the US dream of Wall Street. "We want to be the Marlboro marijuana," said Jeffrey Britz Reforma, one of the founders of Blackout, a company dedicated to the production of vaporizers for the industry.

Britz and its partners, Travis Belcher and Danny Davis, plan to develop their brand of vaporizers along with another brand, JuJu Royal, for which they closed a deal with Julian Marley, son of reggae legend Bob Marley.

They, like other cannabis investors are novices: just received their licenses last October. Like others, they want their share of the business of marijuana, valued at about 50 billion dollars annually.

The plan is clear: to develop a brand and once the industry is out of the shadows, sell.

Sat
27
Jun

How Britain's khat ban devastated an entire Kenyan town

Mild stimulant used to be Maua’s most valuable export, bringing prosperity to all involved. A year since it was outlawed, the local economy has been devastated

In a quiet and unassuming town tucked away in a hilly part of eastern Kenya, the British home secretary Theresa May’s name is spoken with barely concealed anger. Since her role in the ban of the town’s most valuable export, she’s become a universally vilified figure.

For more than two decades, Maua enjoyed booming business propelled by the growth and sale of khat, known locally as miraa, a popular herb whose leaves and stems are chewed for the mild high they offer.

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