Marijuana Business News

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business
Wed
01
Jul

Lots of interest shown for new batch of marijuana licenses

Massachusetts’s first medical marijuana dispensary opened last week in Salem.

More than 50 applications from companies eager to open medical marijuana dispensaries flooded the offices of state regulators this week, two years after Massachusetts launched its ill-fated licensing process.

The submission of so many applications indicated robust interest in the state’s emerging medical marijuana industry. The state had previously licensed 15 dispensaries, with the first opening last week in Salem.

 

For marijuana executives who lost hundreds of thousands of dollars vying for licenses during former governor Deval Patrick’s administration, the opportunity to apply again couldn’t come soon enough.

Wed
01
Jul

Player's Network Announces Nearly $500,000 in Convertible Notes Have Been Retired

LAS VEGAS, NV / ACCESSWIRE / JUNE 30, 2015 /Player's Network, Inc. (OTC: PNTV), a vertically integrated, diversified, fully reporting public company operating two complimentary portfolios of Media and Cultivation, Production & Licensing of products relating to Medical Marijuana, announced today that the company has reduced its debt and paid off; KBM / Asher $200,400, Typenex $104,000, LG Capital $50,000. Other positions reduced include WCH $60,000, Group 10 $30,000, Tangiers $47,000, for a total of $491,000. This was accomplished by the payment of $146,400 cash and the balance through conversions over the last 3 months.

Wed
01
Jul

Cannabis Sativa, Inc. Retires $3 Million in Debt

MESQUITE, NV / ACCESSWIRE / July 1, 2015 /Cannabis Sativa, Inc. (OTCQB:CBDS) (referred to collectively with its subsidiaries as "CBDS" or the "Company") has negotiated retirement of approximately $3 million in debt owed to its Chairman Steve Kubby in exchange for 1.5 million shares of the Company's Series A convertible preferred stock. The conversion feature allows Mr. Kubby to exchange his preferred stock for the Company's common stock on a one to one basis at the end of a two year holding period or at the time a spinoff of Kush is effected, whichever occurs first.

Wed
01
Jul

OR: medical marijuana growers prepare to expand into new retail recreational markets

WILLIAMS, Ore. –  On the third Thursday of each month, veteran medical marijuana growers and hopeful newbies gather in the old Williams Grange hall in a small rural Oregon valley long known for growing some of the best cannabis on the planet.

Since voters last fall made the state the fourth to legalize recreational marijuana, people have been flocking to the hall to get the latest update on lawmakers' progress on crafting rules for the new industry.

The entrepreneurs also share tips on how to produce happy and healthy marijuana plants.

"Why not come to the source to learn about growing?" says Gina Erdmann, director of the Oregon SunGrown Growers' Guild, as she lays out materials on the sign-in table outside the hall, now a community center.

Wed
01
Jul

Oregon medical marijuana growers prepare to expand into new retail recreational markets

WILLIAMS, Ore. –  On the third Thursday of each month, veteran medical marijuana growers and hopeful newbies gather in the old Williams Grange hall in a small rural Oregon valley long known for growing some of the best cannabis on the planet.

Since voters last fall made the state the fourth to legalize recreational marijuana, people have been flocking to the hall to get the latest update on lawmakers' progress on crafting rules for the new industry.

The entrepreneurs also share tips on how to produce happy and healthy marijuana plants.

"Why not come to the source to learn about growing?" says Gina Erdmann, director of the Oregon SunGrown Growers' Guild, as she lays out materials on the sign-in table outside the hall, now a community center.

Wed
01
Jul

Pharmaceutical Trade Association: Greek Medicine Supply May Be At Risk

Life-saving medications could be an import at risk if Greece defaults on its debt and exits the European Union.

Richard Bergstrom, the director general of the European Federation of Pharmaceutical Industries and Associations (EFPIA), sent a note to the European Union Health Commissioner Vytenis Andriukaitis on Monday notifying him that pharmaceutical companies would continue to send drugs to Greece but felt the supply could be in peril if Europe doesn’t take action soon. 

The EFPIA believes the “integrity of the medicines supply chain may be in jeopardy” if Greece reintroduces the drachma, a form of currency whose value will swiftly depreciate, according to Hirschler.

Wed
01
Jul

VAPE Holdings Acquires BetterChem

Jul 01, 2015 (ACCESSWIRE via COMTEX) -- Adds Industrial Chemistry and Product Development to Core Consulting Services; Improves Position for Opportunities in Essential Oils

CHATSWORTH, CA / ACCESSWIRE / July 1, 2015 / VAPE Holdings, Inc. (otcqb:VAPE) (the "Company" or "VAPE"), a holding company focused on providing healthy, efficient, and sustainable products to lawfully operating participants in the legal cannabis industry, is pleased to announce that it has acquired control and 80% of the equity of Pennsylvania-based BetterChem Consulting, Inc. ("BetterChem") in exchange for restricted common stock, and for other share-based consideration based on performance over the next two years.

Wed
01
Jul

MCPI Finalizes Joint Venture Grow Facility in Lane County, Oregon

BEND, OR / ACCESSWIRE / July 1, 2015 / Med-Cannabis Pharma, Inc. (MCPI) is pleased to announce the completed deal to create a high quality grow facility in the state of Oregon. In the last quarter of 2014, MCPI embarked on a new Joint Venture with Royal Tree Organics to begin a new premier medical marijuana grow facility to produce and bring high quality medicine to market. With 2 MCPI dispensaries already operating in the state of Oregon and the expansion of 2 more dispensaries underway, the impact and importance of this Joint Venture grow facility cannot be overstated.

Wed
01
Jul

Day One Recap Of The 2015 Cannabis Business Summit

Day One of the National Cannabis Industry Association‘s (NCIA) 2nd Annual National Business Summit has begun in Denver, Colorado.

With the cannabis industry now being dubbed as the fastest growing industry in the United States, the race is on for entrepreneurs and investors to carve our their slice of the market.

It’s not just hedge fund managers and corporate CEO’s who are getting in on the action. It seems that everyone and their Auntie is getting into the cannabis industry these days.

Wed
01
Jul

Dude, Where’s My Pot ETF?

It seems inevitable—but there's this little liquidity problem

Pot has been generating lots of buzz. 

Twenty-three states and the District of Columbia have legalized marijuana, either for medicinal or personal use, while an additional 13 have planned votes by 2016. If the trend toward legalization continues, there's big profit potential, considering $2.5 billion in legal sales last year—and the estimated $60 billion in illegal sales. ArcView Market Research estimates that the national cannabis market will reach $10.8 billion in sales (retail and wholesale) by 2019.

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