Marijuana Business News

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Mon
11
May

Why More Marijuana Regulation Will Lead To Fewer Cannabis Cups

Many praise marijuana legalization as the most effective way to wrest from criminals the well-entrenched illegal market they have created over the past few decades. Many praise the regulations that come with legalization for helping to ensure control and transparency over marijuana businesses and their products. Of course not everyone approves of marijuana regulation, especially those who make their money on unregulated marijuana markets. Marijuana cups and competitions thrive on an unregulated cannabis industry and regulations are starting to cause them hard times.

Mon
11
May

This Federal Bill Could Fully End Marijuana Prohibition In The United States This Year

 

A new federal bill called the “Respect State Marijuana Laws Act of 2015” was introduced to Congress earlier this week by Representative Dana Rohrabacher, a Democrat from California. It would provide immunity against prosecution at the federal level for individuals and businesses abiding by state marijuana laws. It’s a short document, but its implications are huge.

Mon
11
May

Marijuana merchants face another federal obstacle: High taxes

DENVER — Money was pouring into Bruce Nassau’s five Colorado marijuana shops when his accountant called with the bad news: The 2014 tax season was approaching, and Nassau could not rely on the galaxy of deductions that other businesses use to reduce their tax bills. He was going to owe the Internal Revenue Service a small fortune.

“I had to write a check for $275,000,” Nassau said. “Unbelievable.”

The country’s rapidly growing marijuana industry has a tax problem. Even as more states embrace legal marijuana, shops say they are being forced to pay crippling federal income taxes because of a decades-old law aimed at preventing drug dealers from claiming their smuggling costs and couriers as business expenses on their tax returns.

Mon
11
May

Legalized marijuana would not trump employers' drug policies

Ohio could legalize marijuana if a proposed amendment collects enough signatures and is approved by voters.

But those who are looking to light up as soon as the law goes into effect may want to hold off.

According to an analysis of ResponsibleOhio’s proposed constitutional amendment to legalize marijuana in Ohio, employers’ drug policies would still have control over whether or not employees could smoke marijuana.

So if your company has an anti-drug policy, a potential law legalizing marijuana would have little to no impact.

What 2 days worth of filled petition books look like. 250k+ signers and counting. pic.twitter.com/0JCPr1yfA1

Mon
11
May

There's More to This Company Than Marijuana

Since last summer, enthusiasm surrounding marijuana's potential as a treatment for epilepsy has led to investors more than doubling their money in Insys Therapeutics (NASDAQ: INSY  ) .

Insys Therapeutics is one of the only publicly-traded companies pursuing the development of prescription drugs based on the chemical cannabinoids found in marijuana, but the reasons for owning shares in the company stretch far beyond its marijuana program.

Mon
11
May

Colorado investigating Breckenridge marijuana dispensary after arrests

The former owner of a Breckenridge medical marijuana center is out on bond and awaiting a grand jury decision after attempting to sell 100 pounds of Colorado-grown marijuana to an undercover police officer in Tennessee.

Christopher Crumbliss, 39, was arrested on Nov. 20 last year in Nashville. He and two accomplices, including former Frisco resident Tasha Desmond, 21, were caught in a local sting operation that netted 425 pounds of marijuana worth roughly $1.7 million, according to Nashville police.

Mon
11
May

New Frontier’s Data Delivers Actionable Intelligence

“We’re way past ‘back of the envelope,’ now,” said Giadha Aguirre DeCarcer, Founder and CEO of New Frontier Financials. “The marijuana industry is here to stay, and transparency and hard data on which to base future decisions are absolutely necessary for the healthy and successful development of the sector.”

Mon
11
May

Hawaii Medical marijuana dispensary law will face challenges

If a bill that sets up a medical marijuana dispensary system in Hawaii becomes law, the state’s Department of Health will have about a year to come up with administrative rules. Currently, the bill sits on Gov. David Ige’s desk after being passed by members of the state House and Senate earlier this week.

Under the proposed law, eight medical marijuana dispensary licenses will be issued; three on Oahu, two each on the Big Island and Maui County, and one on Kauai. Under the proposed program, each licensee can have two retail locations, for a total of 16 statewide.

Mon
11
May

Marijuana and forest bathing: Wildest new trends in the wellness world

(CNN)Walking in the woods, cannabis day spas and rolling around in sand.

These are just a few of the hottest trends in wellness according to SpaFinder Wellness 365, which claims to be the world's largest spa media and marketing company.

But which trends will turn out to be fads and which will stick?

Strange as they sound, it's worth remembering that some pretty odd wellness practices have come and gone through the ages.

Cleopatra indulged in milk baths and mud treatments -- variations of which can still be enjoyed today.

For some reason, though, bloodletting and leeches didn't manage to survive the test of time.

Sun
10
May

What You Should Know About Medical Marijuana for Pets

Be sure to consult your veterinarian first

Now that 23 states have given medical marijuana the green light (with even recreational use now allowed in another four states and Washington D.C.), growing weed has become a growing business. The newest frontier: getting Fido and Fluffy on board with the cannabis revolution.

Relax. We’re not talking about rolling doobies with your dog, or seeing “pretty colors” with your cat. Nope, these are cannabis-containing edible treats and capsules that are meant for sick or aging pets.

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