Marijuana Business News

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stocks
business
Sat
31
Oct

Business, arts, sports figures behind Ohio marijuana issue

COLUMBUS, OHIO — Deep-pocketed investors in an Ohio marijuana legalization campaign this fall have been the focus of debate over Tuesday's Issue 3.

Roughly two dozen known individuals — and an indeterminate number of others — will have exclusive rights to 10 initial growing sites located across the state. Among them are an Olympic gold medalist, a former boy band star, a fashion designer and the descendant of a president.

The pro-legalization ResponsibleOhio campaign has argued it was necessary to provide investors a monetary guarantee in order to raise the cash needed to mount an expensive statewide ballot campaign.

Sat
31
Oct

Arizona's Reefer Mad Bill Montgomery Compares Marijuana Expo to Violent “Cartel Members ...

This week I had the good fortune to cover the SW Cannabis Conference and Expo in my first gig with CannabisRadio.com.

Sat
31
Oct

Cannabis Startup Tradiv Closes $1M Financing Round

Tradiv, which runs an online platform that helps with wholesale deals in the marijuana industry, has cemented a $1 million round of funding to assist sustain its development.

The company formally launched on Oct. 1 after completing a company accelerator program with CanopyBoulder in June. It had the ability to raise the $1 million through connections with the ArcView Group, Poseidon Asset Management, TL Partners and Anslinger Capital.

Tradiv aims to connect buyers and sellers (merchants, growers and infused products makers) of wholesales marijuana items via an online marketplace.

Sat
31
Oct

Bad News: We May Have a Marijuana Problem on Our Hands

Marijuana has been something of an unstoppable force over the past two decades. After being completely outlawed in all states in 1995, marijuana in 2015 can now be legally sold in 23 states for medicinal purposes (as well as Washington, D.C.), and it can be sold legally for recreational use to adults ages 21 and up in four states (and Washington, D.C.).

Sat
31
Oct

Marijuana next door: Cincinnatians weigh in

The potential legalization of marijuana in Ohio has elicited mixed reactions from the communities surrounding the three possible grow sites in the Cincinnati area.

The proposed Issue 3, which would legalize both recreational and medicinal use of marijuana in Ohio for adults 21 and older, names Anderson Township, Clermont County and Middletown as three of the 10 designated sites where marijuana could be grown if ResponsibleOhio’s legislation passes in November.

Sat
31
Oct

Dixie Brands Expanding its Cannabis Operations to 3 More States

“Pot Baron” Tripp Keber, the CEO of Dixie Brands who has been called the “Willie Wonka of Weed” by some, was the cover story on the September edition of mg Magazine, an impressive new cannabis-industry focused endeavor by CANN Media. Thomas Hymes does a masterful job of capturing Keber’s persona and describing the challenges and opportunities for the maker of premium infused marijuana products. Dixie Brands has expanded from its home state of Colorado to California recently, but the company is preparing for a broader expansion:

Sat
31
Oct

HempFlax boosting European hemp market with brand new factory in Romania

On Friday the 16th of October 2015 Sensi Seeds’ daughter company HempFlax opened a brand new factory in the Alba region of Romania. A new and very special chapter for the company that aimed to relaunch the hemp industry 20 years ago, and is successfully doing so.

Sat
31
Oct

It All Starts with a Seed

If you wanted to grow your own cannabis in the 1970s, your choices for genetics were extremely limited. One could take back seed but the available Columbian, Mexican and Thai were all equatorial sativas, which were not well suited for more northerly climes. Plus, Finishing times were too long to really produce high-grade bud. During the 70s, intrepid travelers began bringing back seeds from Afghanistan. These were short, stocky indicas, traditionally used for hash production. Thus the era of skunk began.

Fri
30
Oct

For big marijuana, Grit win means money in the bank

Those with a stake in cannabis-related companies weren't just hoping the Liberals would win the federal election, they were banking on it.

Legalized marijuana could be a budding into big business in Canada if the party follows through on its much-publicized campaign pledge, with one analysis projecting a $5 billion market for recreational weed.

The same analysis paints a picture of the path legalization will take, at first mimicking alcohol sales, then becoming subject to potential takeovers by Big Tobacco -- a scenario that has long worried critics of Justin Trudeau's legalization plan.

Fri
30
Oct

After mines, jail closed, town turns to cannabis to boost economy

Developers are poised to break ground on a project that could make a tiny southern Colorado town one of the nation's largest producers of legal marijuana.

The town of Walsenburg this month formally closed a $1.33 million deal with a developer to build a 332-acre campus for cannabis growing, processing and distribution, with the marijuana to be trucked 160 miles north to consumers in metro Denver. Walsenburg is a former coal mining town that never recovered when the mines closed by the 1960s, and its population has dropped to fewer than 3,000 residents. InHuerfano County, which is home to Walsenburg, 20% of the population lives below poverty level.

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