Marijuana Business News

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stocks
business
Thu
05
Mar

News of Surna Exec’s Departure Triggers Stock Slide

Shares of Surna Inc. have dipped since the company announced that its high-profile CEO Tom Bollich will step down, continuing a longer stock slide that began a year ago.

The cannabis cultivation technology firm said last week that Bollich will depart April 14 as the company moves from a startup to a more mature operation.

Bollich co-founded the online gaming company Zynga, which created the hugely popular FarmVille series, before eventually joining Surna in March 2014.

His arrival helped send Surna’s stock soaring from around $2 to more than $7 in a matter of days, as investors welcomed the news of a mainstream, proven business veteran leading the company.

Thu
05
Mar

PharmaCann gets latest Illinois license to grow medical marijuana

Ilinois regulators Monday awarded a medical marijuana growing license to PharmaCann LLC, to replace a firm that gave up its license in the northwestern part of the state.

The approval means that PharmaCann, based in Oak Park, has won approval for two grow centers and four dispensaries statewide, more than any other business in the state.

Green Thumb Industries LLC gave up its license to grow marijuana in Dixon last week after it didn't come up with the required $2 million surety bond or escrow account and the $200,000 permit fee. Local officials said Green Thumb, which also has licenses to operate two other grow centers, expressed concerns about the cost of the license while only about 1,000 patients have been approved to get medical marijuana.

Thu
05
Mar

Leslie Bosckor searches for gold in NY pot

Leslie Bosckor, co-founder of Nevada Cannabis Industry Association, is creating a similar association in New York.

Leslie Bosckor (pronounced "bosscore"), investment banker turned canna-businessman, holds guru status for many looking to get into the growing sector of legal marijuana. For four years, the native New Yorker has lived in Nevada, where he has co-founded the Nevada Cannabis Industry Association and helped 15 organizations successfully apply for marijuana distribution licenses. In New York, he's creating a cannabis industry association and a hedge fund.

Q

What is lacking in the industry?

A

Thu
05
Mar

Washington state cannabis retailer opens in defiance of county ban

Sealed bags of marijuana dangle behind a counter, curved glass pipes glimmer on shelves, and a steady trickle of middle-aged customers gleefully buys cannabis strains nicknamed Charlie Sheen and Godzilla.

"The Gallery" is similar to more than 100 other lawful state-licensed marijuana retail shops and hundreds of medical dispensaries in Washington state, with one exception: It is operating in defiance of local law.

Its opening on Sunday set up a potential showdown with authorities in Pierce County, about an hour outside Seattle, which has effectively banned recreational pot shops in unincorporated areas so long as the drug remains illegal under federal law, even as medical pot businesses flourish virtually unregulated.

Wed
04
Mar

Former Denver Bronco Nate Jackson Calls For NFL To Allow Marijuana

DENVER (AP) – Former Broncos tight end Nate Jackson says he believes the NFL will have no choice but to remove marijuana from its lists of banned substances in the near future.

Speaking at a marijuana business conference, Jackson called on the league to allow medical marijuana as a means to help players deal with the physical and psychological pain and head injuries inherent to their profession.

Jackson said he avoided opiate painkillers as much as he could during his six-year career from 2003-08. Instead, he self-medicated with marijuana so that he wouldn’t retire addicted to prescription drugs like so many of his contemporaries, he said.

Wed
04
Mar

The Workplace Wellness Debate: Should Employers Adopt These Programs?

Full-time employees in the U.S. work approximately 1,700 hours per year. With so much time spent at the daily grind, healthy habits can often fall by the wayside. To combat this, more than 90% of large employers and 73% of small employers sponsor wellness initiatives in the workplace.

For many employers, these programs promise savings in the face of rising heath care costs, and for their employees, the opportunity to start or maintain healthy behaviors such as working out, getting flu shots and screening for high blood pressure.

Wed
04
Mar

Cannabis ice cream? How legalizing marijuana is changing business

With recreational marijuana now legal in four states and Washington D.C., entrepreneurs are beginning to think about how to capitalize on this new market.

But cannabis ice cream?

Ben Cohen and Jerry Greenfield, founders of the Vermont-based Ben & Jerry's ice cream company, said in an interview with HuffPost Live that while there are no current plans to explore marijuana-infused ice cream, its legalization does open the door for future exploration.

"Makes sense to me," co-founder Benjamin Cohen told HuffPost Live host Alyona Minkovski. "Combine your pleasures."

Wed
04
Mar

Tribal Marijuana Conference: A 10-Year Window for Tribes to Capitalize

On February 28 some 75 tribal leaders from across the country met to discuss forming the first “Tribal Cannabis Association” at the Tulalip Resort Casino on the Tulalip Reservation in Washington State.

This followed a packed day on February 27 of “Tribal Marijuana Conference” presentations and panels with speakers as diverse as former U.S. Attorney Troy Eid (current chair of President Barack Obama’s National Indian Law and Order Commission) to the city attorneys of both Seattle and Boulder, Colorado, who gave in-depth overviews of how implementation of state laws legalizing marijuana possession and usage is proceeding in their respective cities.

Wed
04
Mar

Weed is 114 times less deadly than alcohol, study finds

At 12:01 a.m., the U.S. capital became the latest jurisdiction to allow its residents to possess small amounts of marijuana, but a battle with Congress has set up a perplexing pot dilemma: people will be allowed to smoke it, but where can they buy it?

Washington, D.C., residents voted in November in favour of Initiative 71, to allow those 21 and over to possess up to two ounces of marijuana for personal use and to grow up to six plants (three maturing at a time) in one's home. It also allows someone to give — but not sell — up to one ounce to someone else.

Wed
04
Mar

Landing a Multi-Million Dollar Investment: Q&A With David Dinenberg of Kind Financial

More big-money investors are looking at the cannabis industry as public perception sways in favor of legalization and the overall risks subside.

Everybody from savvy business pros who’ve pumped millions into mainstream industries to the types of celebrities you’d expect to invest in marijuana (Snoop Dogg and Tommy Chong) are jumping on the cannabis bandwagon.

But landing big money – $1 million or more in the nascent marijuana industry – is still difficult, and only a small number of cannabis companies have done it successfully.

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