Marijuana Business News

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Fri
04
Sep

Man arrested after accepting marijuana delivery

NASHVILLE, TN (WSMV) -

Undercover police officers arrested a man after he had almost 5 pounds of marijuana delivered to a local business.

Police said they had been investigating James Lobasco for having marijuana shipped to him in the past.

Officers said they observed Lobasco and his girlfriend parked outside a business at 1215 Ninth Ave. N. on Wednesday.

Officers saw a U.S. Mail truck pull into the business and drop off a box. When the mail truck left, police said the suspect’s girlfriend entered the business and picked up the package.

Police said they detained Lobasco and his girlfriend while a K-9 unit arrived.

After the K-9 indicated there was narcotics inside the package, police said Lobasco consented for a search of the package.

Fri
04
Sep

Earth Science Tech Announces Its newly formed Subsidiary "Earth Science Tech Bioceuticals" and Elects Joseph Pavlik as President

BOCA RATON, FL / ACCESSWIRE / September 3, 2015 / Earth Science Tech, Inc., a unique biotechnology public company focused on nutraceuticals, bioceuticals and dietary supplements, announced today its creation of a new wholly owned subsidiary Earth Science Tech Bioceuticals, Inc. and concurrently elects Mr. Joseph Pavlik as President. Earth Science Tech Bioceuticals will be developing, bringing to market, and merchandising a number of breakthrough products and brands featuring the ETST High Grade Hemp CBD Oil. Some of these new products include a novel micronized spray series and an advanced active lifestyle nutrition series featuring ultra-premium hemp based formulations.

Fri
04
Sep

CLS Holdings USA to Present at Marijuana Financier Webcast On Thursday, September 10, 2015

Arranged for 1pm EDT; Chairman, President and CEO Jeff Binder to Discuss its Business Design, its Colorado Plan with its Licensing Partner and Strategic Vision

STONE, Colo., Sept. 3, 2015/ Weed Wire/– CLS Holdings UNITED STATE, Inc. (CLSH), a diversified marijuana business, will certainly be presenting on the Marijuana Investor Webcast (http://cannawebcast.com) on Thursday, September 10, 2015 at 1:00 pm EDT.

Fri
04
Sep

Denver sets 2015 tally, without cannabis social usage initiative

The Denver Elections Department on Thursday certified the Nov. 3 city/county tally, however missing will be a hot-button voter initiative that would have expanded the city’s cannabis usage rules to permit toking up at some bars and other businesses.

As The Denver Post reported late Wednesday, sponsors of that initiative chose to withdraw it. Instead they will deal with city and business leaders to negotiate a compromise step, reserving the right to launch a brand-new ballot initiative next year if they’re not pleased with the outcome.

Fri
04
Sep

Massachusetts Dispensary Accidentally Shares Patient Emails

Massachusetts is moving forward, step-by-precarious-step toward a ballot initiativenext year that would legalize marijuana for recreational use. In the meantime, the state’s regulators are struggling, as they are in other states, to create a regulatory infrastructure that actually works and protects patients on the medical side. They are also creating repeated delays in the name of formulating such regulations.

Fri
04
Sep

Arizona Medical-Marijuana Patients Can Now Buy Cannabis Legally in Las Vegas and Reno

Arizona's medical-marijuana patients now can patronize newly opened dispensaries in Reno and Las Vegas and possess up to 2.5 ounces anywhere in Nevada.

Arizona, like some of the other 23 states with medical-marijuana laws, allows people with valid medical cards from other states to legally possess marijuana in Arizona, but they can't legally buy it at Arizona dispensaries.

Nevada apparently is the only state that allows its dispensaries to sell to patients from other states. And now its dispensaries have begun to open, greatly expanding where Arizona's 80,000 patients can legally buy cannabis.

Fri
04
Sep

Australian hemp grower spruiks a revolutionary industry

Hunter Valley farmer Bob Doyle and his bumper hemp crop which he says has a huge future. Mr Doyle will make a presentation at the upcoming Byron Bioenergy Conference. Photo by Stuart Scott, The Maitland Mercury

A Hunter Valley grazier and well-known industrial hemp grower will address next week’s Byron Bioenergy Conference, to update northern rivers farmers on the fledgling hemp industry, describing hemp as ‘almost the perfect crop’.

But he says large-scale hemp-fibre processing is still some time off with a lack of large-scale processing plant.

Fri
04
Sep

Legal Marijuana Could Be The First Billion-Dollar Industry Led By Women

More women are cultivating cannabis careers than ever before. As a matter of fact the emerging commercial cannabis industry isn’t just hurriedly accumulating women as it blossoms—it could actually be led by women. Newsweek recently ran a cover story about the trend. Women are moving into the pot business so quickly that they could make it the first billion-dollar industry that isn’t dominated by men, the mag predicts.

Fri
04
Sep

Support for physician-prescribed medical marijuana usage 84%

While Arkansas voters are not for completely legalizing marijuana, they are overwhelmingly supportive of a restrictive usage of marijuana for medical purposes, according to a new Talk Business & Politics/Hendrix College/Impact Management Group survey.

In the latest poll of 400 registered voters conducted on Aug. 20-23, 2015, 84% said they agreed with legalizing marijuana for medical purposes.

Q: Do you agree or disagree that adults should be allowed to legally use marijuana for medical purposes if a physician prescribes it?

56% Strongly Agree (84% Agree)
28% Somewhat Agree
3% Somewhat Disagree (14% Disagree)
11% Strongly Disagree
2% Don’t Know

Fri
04
Sep

Tweed Marijuana Inc. Records a $1 million profit

Earlier this week, Tweed Marijuana Inc. (TWD) completed the acquisition of Bedrocan Cannabis Corp. (BED). The acquisition successfully combined the two largest Canadian medical marijuana producers and created a conglomerate in the Canadian medical marijuana industry.

The first priority for the newly combined company is to integrate its more than 5,600 active and registered clients and build on the unique strengths of each brand. Starting tomorrow, patients will have access to both product lines.

TWD records a $1 million profit in its most recent quarter

On Monday, TWD announced quarterly operating results and reported $1,011,783 in net income. The reported profit was primarily the result of an increase in the fair value of its biological assets.

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