Marijuana Business News

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business
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. 

Tue
14
Jul

Boy band star Nick Lachey thinks Hudson is spot for pot

He used to croon love songs to the masses.

Now, he wants to grow pot in Hudson.

Nick Lachey, a member of the band 98 Degrees and more recently a television actor, is among five investors in a Hudson marijuana grow center, one of 10 that would be created across Ohio under a proposed ballot issue.

The other investors include three owners of the CashMax stores in Ohio and a car business owner from Texas.

Cheney Pruett and John Humphrey, two of the CashMax owners, attended a news conference in Akron on Tuesday held by ResponsibleOhio, the group backing the ballot issue.

“This is an exciting entrepreneurial opportunity,” Humphrey said.

Tue
14
Jul

Two more medical pot companies, one offering free marijuana, target Syracuse NY

Syracuse, N.Y. -- Two more companies seeking state licenses to grow medical marijuana have announced plans to open dispensaries in the Syracuse area and one of them is promising free medical pot for patients who cannot afford it.

Citiva Medical, a company that wants to grow medical marijuana at the former Seneca Army Depot in Romulus and open a dispensary in Cicero, said it will set aside 2 percent of its annual profits to help patients in need pay for their medical marijuana.

Tue
14
Jul

Uruguay cannabis market still struggles for legitimacy a year after historic ruling

The South American country became the first ever to legalize the sale of marijuana in May 2014 but regulatory bodies, police and pharmacies have yet to catch up with home growers and their steady clientele

In the back room of a store in the Uruguayan capital, connoisseurs pore over boxes of Ziploc bags containing seven varieties of marijuana, with names like “amnesia,” “chocolope”, “tangie” and “sour power”.

The stash belongs to members of the 420 Cannabis Club, who are collecting their monthly allowance of 40 grams, while the next harvest basks in the orange glow of sun lamps in a ventilated room upstairs.

Tue
14
Jul

Ohio: Marijuana Growers Move Plants Indoors For Protection

A drop in the number of marijuana plants seized in Ohio in recent years can be attributed to a greater push by growers to cultivate the plants indoors, according to authorities.

Investigators say they have seized $326 million in marijuana across the state since 2008. But authorities say that the underground market for marijuana continues to thrive, with growers moving operations inside to avoid police, thieves and unpredictable weather. *edit*

Jason Park, an agent with the U.S. 23 Major Crimes Task Force in Chillicothe, said just as much and maybe more marijuana is being produced now, even though the number of confiscated plants has dropped.

Tue
14
Jul

Making a killing on cannabis

Rarely does an enormous, totally virgin industry emerge with guaranteed demand, where startups are better placed to capitalise than big corporates. Beyond the ethical debate around legislation of cannabis, it’s this tantalising commercial prospect that’s getting a growing number of people excitedly sizing up opportunities and making business plans in anticipation of a change in law.

Each year, over 1,000 tonnes of cannabis is produced across the UK in secret basements, bedrooms, repurposed sheds and warehouse farms. Another 200 tonnes is imported from places like Morocco and the Netherlands. In short, UK cannabis production is booming.

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