Marijuana Business News

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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.

Mon
04
May

Pot stocks: SPLIF (the shares, not the weed) is now being sold in all 50 states

Cannabis aficionados are often fans of a solid play on words or well-placed pun — something that even applies to selecting the right stock symbol apparently.

New edibles company Nutritional High, which will soon sell its products in Colorado and Illinois, just went public in America via the stock symbol SPLIF. So while more established companies have their sly nods embedded in their stock symbols — Anheuser-Busch InBev’s BUD, Harley-Davidson’s HOG and Southwest Airline’s LUV — this little cannabis company rooted in Denver and Toronto has SPLIF marking its pot stocks involvement.

From the word’s entry in The Modern Cannabis Lexicon: “Spliff — A combination of tobacco and marijuana rolled together, often in Europe, that can at times be a cone shape.”

Mon
04
May

Philips faces legal action over light bulbs for marijuana plantations

A former client of electronics giant Philips is taking the company to court over its refusal to sell him light bulbs and switches which he then supplied to marijuana growers.

Hans Zondervan told television current affairs show Brandpunt Reporter Philips has refused to do business with him since autumn 2013 because the company does not want to be associated with the cannabis industry.

However, Zondervan claims, Philips continues to supply the industry via other channels and he now wants compensation for lost income. Zondervan started working with Philips in 2002.

 

Sun
03
May

Lift Cannabis Forum aims to bring marijuana industry leaders together in Vancouver

A who’s who of British Columbia’s medicinal marijuana industry is gathering in Vancouver on May 7.

The event, a forum hosted by Lift Cannabis Inc., features some of the most experienced suppliers from across Canada and promises to attract stakeholders from both the legal and illegal sides of the business.

David Brown, a spokesperson for Lift Cannabis, told the Straight the conversation was originally scheduled to focus on Canada’s official medicinal marijuana production and distribution system that exists under the Conservative government’s Marijuana for Medical Purposes Regulations (MMPR).

Sun
03
May

Two Medical Marijuana Events in Mid-Cape Attract Hundreds

Canna Care Docs in Dennis holds an open house Saturday, May 2, to give free services to veterans wanting to obtain a medical marijuana card.

YARMOUTH - Michele Olem, a substance abuse counselor in Wellfleet, traveled to the Mid-Cape Saturday with her husband with two stops in mind.

First they went to Canna Care Docs on Route 134 in South Dennis, which was having an open house for veterans, offering free medical marijuana qualifying paperwork.

Next they traveled one town away to the Cape’s first Cannibis Convention, which was held at the Colonial Inn on Route 6A in Yarmouthport.

Olem’s husband, a Vietnam veteran, has cancer.

“He lost 30 pounds in one month. He couldn’t stand the sight of food,” Olem said.

Sun
03
May

FUNDING FOR CANNABIS BUSINESSES: EQUITY IS NOT YOUR ONLY OPTION

When Colorado legalized recreational marijuana, we started getting calls from local companies wanting to lease equipment as we appear high in the search engines for equipment leasing. I immediately realized that there was an underserved industry that could not get banks to even take their money, let alone lend them with the capital they needed to grow. So, I started working with some of these businesses that had the characteristics that we were looking for to get them the funding that they were seeking. We added working capital and real estate loans to our service offerings and through the syndication partners that we work with, we can now provide the full spectrum of debt based financing.

Sun
03
May

NH medical marijuana dispensaries still months away, unlikely before 2016

It's been nearly two years since the New Hampshire Legislature passed a medical marijuana law, but it's unlikely that the first dispensaries will open here until 2016.

"Evaluators" are still combing through the applications - each hundreds of pages long - from the 14 nonprofit entities vying to open alternative treatment centers (ATCs), according to the state health department.

"The applications are huge," said Eric Borrin, director of contracts and procurements for the Department of Health and Human Services. "They're requiring time to work through, and there's a certain amount of due diligence and fact-checking that needs to be done with respect to the responses that have been received."

Sat
02
May

2016 Cannabis Adult Use Legalization Guide

Cannabis Landscape Overview

What an interesting and exciting time for cannabis this is. With four states and D.C. legalizing cannabis for adult use and dozens of states working to implement medical cannabis programs, cannabis is becoming more widely accepted in our society. Every day new opportunities arise and new challenges are faced. As cannabis returns to the mainstream of society there are both external and internal forces at work to consider.

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