Marijuana Business News

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Mon
04
May

Some Denver City Council candidates open to relaxed marijuana rules

Sixteen months after Colorado launched legal recreational marijuana sales, the center of the burgeoning industry in Denver is asking to extend shops' evening closing hours and revisit the outright ban on public consumption.

And many City Council candidates in Tuesday's election are receptive — including several with a good shot of winning or proceeding to a runoff.

Industry concerns center on competing with pot shops in neighboring cities that have closing hours later than Denver's 7 p.m. cutoff for both recreational and medical stores. Some in the industry also want to provide tourists with safe, legal places to smoke or consume their purchases, since hotels typically don't allow it in rooms.

Mon
04
May

Riding the Tourism High of Legal Marijuana

The state of Colorado legalized recreational marijuana a year and a half ago. And those in the industry there say it is already showing dividends in terms of tourism.

"Business Insider just named Colorado the fastest growing economy in the country. They say we are number one out of 50 states!" says Michael Elliott with the Marijuana Industries Group in Denver. His groups is kind of like the Chamber of Commerce for marijuana-related industries there. "We see this all helping fill up hotels and cut unemployment. Our unemployment right now is at 4%."

Ashley Kilroy with the Marijuana Policy for the City of Denver would agree that tourism is up...but says you can't attribute it all to pot.

Mon
04
May

9 Things A Cannabusiness Startup Needs To Consider That Other Startups Don't

Starting a new business is complicated enough – company founders have to find a place to set up shop, hire great employees, manage cash flow, market their goods or services and sometimes hire experts to help. A marijuana business faces extra challenges at each of these steps, so entrepreneurs in the cannabusiness space need to be aware of the concerns they’ll be facing that the typical startup doesn’t worry about.

Consultants are available to help in real estate, legal, financial and other areas, but it is important to check credentials and references thoroughly to make sure those folks are experienced, legitimate experts. They may be as new as the entrepreneur is to the industry.

Mon
04
May

Marijuana Use in Treatment Rekindles Debate on Culture in Brazil

Proven therapeutic effects on one hand, contradictory laws and moralism on the other, barring the necessary discussion on the use of the herb for various purposes; in the opinion of many consumers, plant the grass at home is a way to not feed the economic chain of the armed drug trafficking, but the initiative still opposes the current Drug Act, which gives loopholes so that, once caught, homemade planters are fined as traffickers.

Mon
04
May

Hundreds vie for just 5 NY medical marijuana licenses

The race is on to secure the five licenses to be granted under New York state’s medical marijuana program, which takes effect in January.

And the cash-crop lottery could bring in millions for the winners.

Statewide revenues will likely total $239 million in 2016 and more than $1.2 billion by 2020, according to a report issued by GreenWave Advisors late last year.

“Let the cash register ring for New York state,” says GreenWave’s Matt Karnes.

And there appears to be no shortage of investors looking to dip a hand into this cash register.

Venture capitalists willing to take the plunge include Privateer Holdings and Tilray, both of which have already had a strong presence in the legal marijuana space.

Mon
04
May

California looks to bring law and order to decades-old medical marijuana market

Nearly 20 years after voters approved the medical use of marijuana in California, the state’s cannabis trade is a wild west of legitimate enterprises, outlaws and erratic enforcement, caused in large part by a patchwork of inconsistent laws covering the $2bn-a-year industry.

Legislators are seeking to bring law and order to the business. Three bills – two in the state assembly and one in the senate – are competing to create a framework that would codify how medical marijuana is grown and sold in California, including whether local municipalities or the state itself would have ultimate control and what environmental and health measures should be addressed.

Mon
04
May

Vancouver marijuana dispensaries vary on rules for who can buy pot

VANCOUVER - Don Briere stands behind the counter at Weeds Glass and Gifts in downtown Vancouver, surrounded by shelves of multicoloured pipes and clear boxes overflowing with fragrant B.C. bud.

The affable 63-year-old owns 10 stores, making him the owner of the city's largest marijuana business chain, even though selling pot over the counter remains illegal in Canada.

When asked how a customer would buy cannabis, Briere says all one needs is photo ID and proof of a medical condition that might be alleviated by pot — for example, a prescription for pain medication or a bottle of antidepressants.

"We're making it easy for people to get ahold of a real medication that is natural and safe for you," he says proudly. "Every day we sign people up. Every day."

Mon
04
May

Denver's growing marijuana presence keeps PD on their toes

DENVER -- When 8 News NOW tagged along with Nevada lawmakers on a fact-finding trip to explore Colorado's regulated marijuana industry, the blossoming economy for both recreational and medicinal weed wasn't the only thing that stood out.

So, too, were the problems emerging in Denver, the Mile High City that is home to 200 marijuana dispensaries. Those outlets create quite the opportunity for criminals.

"The Denver police will tell you that really, any high cash business is often times a target for crime,” said Ashley Kilroy, Denver's executive director for marijuana policy.

Mon
04
May

Landmark court case could change future of B.C. marijuana grower rules

"I could't even eat this morning," said medical marijuana patient Anne Genovy as she sat in the front row of audience seats in Vancouver's Federal Court on Thursday. 

"My hands were shaking. The weed relaxes me, but not knowing where I'll get it (marijuana) from or if I'll be arrested is torture."

Genovy is one of an estimated more than 175,000 people with a doctor's recommendation to use marijuana as medicine.

Collectively, they wait to exhale as Federal Court Justice Michael Phelan weighs evidence in Allard V. Health Canada. At stake is the future of who will supply patient prescriptions and who is allowed to grow marijuana in Canada.

After a six week break the case has returned for summations.

Mon
04
May

White City cannabis lab speaks out

WHITE CITY, Ore.- - A lab in White City is speaking over concerns regulations when it comes to testing marijuana.
“Currently the cannabis testing lab industry here in the Southern Oregon market is unregulated with very little government oversight” said Jason Wilson, a scientist at Kenevir Labs.
Wilson earned his Master of Science Degree from Southern Oregon University, specializing in Biology and Education. He said his company approaches this from a scientific approach and are concerned about the implications of inadequate testing.
“We view ourselves as providing a public service toward pubic and safety. That’s really our primary concern” said Wilson.

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