Marijuana Business News

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stocks
business
Wed
04
Feb

Will Native American tribes get into the pot business?

Native American tribes can now grow and sell marijuana on reservations — but whether to enter the emerging market could be a daunting choice.

Cannabis represents a huge economic opportunity for tribes, which maintain the right of self-government. Few, however, have publicly embraced the idea.

Here’s what you need to know about marijuana on tribal lands.

1. The Department of Justice said tribes can move forward with legalization

The federal government considers federally recognized Indian tribes “domestic dependent nations,” which means they have the right to govern themselves.

Wed
04
Feb

The Bureau: “Cannabis Needs to be More Like Fine Spirits”

According to Josh Gordon, CEO of The Bureau (formerly RODAWG), it’s about time that the cannabis industry becomes more like the fine spirits industry. As it currently stands, the market is growing, but Gordon thinks there’s still an unhealthy amount of ‘black market’ feeling hanging around.

But how do you eliminate something so ubiquitous? For Gordon and the team at The Bureau, it all boils down to branding.

Together with his team, Gordon has developed a strict plan that will help them fulfill this mission. He’s already actively engaged with investors, seeking to raise the next round of capital to continue doing custom packaging for dispensaries.

Mon
02
Feb

The boss of medical marijuana company Phytotech whose shares soared on debut has suddenly quit

The CEO of PhytoTech Medical, the first ASX listed medical marijuana company, has resigned.

Ross Smith’s departure comes less than two weeks since the company made its ASX debut, after which the share price soared.

However the share price has fallen back since. Phytotech shares were trading down 8.42% to $0.435 today.

His departure comes after a series of other company appointments, but also following some posts to his Facebook page.

Thu
29
Jan

BITCOIN FINDS ITS NICHE IN MEDICAL MARIJUANA DISPENSARIES

Medical marijuana users will be among the earliest users of bitcoin, according to bitcoin entrepreneur Peter Klamka. Klamka’s Ann Arbor, Mich.-based company, Bitcoin Brands, has placed a bitcoin ATM machine at one medical marijuana dispensary and is in the process of placing another two in the Grand Rapids area.

Klamka’s bitcoin ATM machine, made by Portland, Ore.-based Skyhook, provides the customer a QR code which they get scanned at the checkout counter by a clerk using a bitcoin payment tablet.

“The (payment) technology is like a gift card,”

Mon
26
Jan

Jamaica’s Plan To Legalize Marijuana Could Open Doors for Black Entrepreneurs

Entrepreneurs hope to capitalize on multimillion-dollar green rush with plan for licensing authority

Business opportunities in the growing multimillion dollar cannabis industry could open up soon to entrepreneurs in Jamaica. The country has approved a bill that decriminalizes the possession of marijuana for the first time in 100 years and brings the promise of medicinal marijuana sales. Jamaica’s Cabinet has approved the bill, meaning the country’s Rastafarian and island citizens could have the legal right to smoke cannabis if it gets the Parliament’s approval later this week.

Wed
21
Jan

Medical Marijuana for Bipolar: The User's Dilemma

This is a follow-up to last week’s post on medical marijuana for bipolar. In the post, I noted that a case can be made for using the product in very small doses to relieve symptoms and maintain mental health, but with some very strong provisos.

In particular, I noted: 

All medications, including psychiatric meds, carry substantial risks that must be weighed against potential benefits. Marijuana is no exception.

I also pointed out:

Mon
19
Jan

Taking on the Challenge of Investing in Cannabis

Investor Insight: Fred Gross, New York, NY

Everyone faces challenges, but it’s how you face those challenges that makes the difference between you persevering and becoming successful or failing and buckling under the pressure. Fred Gross, founder of ManhattanCanna LLC, is one of those who made the right move, had the right perspective, and used positivity and the power of flexibility to power through and become the successful investor he is today! You learn something from every investor we highlight and we ensure that this peer into how Fred thinks, will open your mind that much more.

How did your entrepreneurial journey begin?

Mon
19
Jan

Costs adding up for medical marijuana entrepreneurs

In the world of medical marijuana entrepreneurs in Illinois, there’s plenty of green behind the grass.

Hundreds of would-be medical marijuana growers and sellers have put millions of dollars on the line hoping for coveted state permits that were supposed to issued by former Gov. Pat Quinn by the end of last year.

To snag those valuable permits, the entrepreneurs hired consultants, lawyers and lobbyists.

They’re already paying rent, in some cases, or have money tied up in options to buy property.

And now, they wait. And with millions of dollars on the line, waiting can get expensive.

Tue
13
Jan

Outsourced CFO Raising Capital for Cannabis Companies

Investor Insight: David Friedman, Chicago, IL

The cannabis industry is growing, gaining momentum, and expanding by the second and we, at Cashinbis, are committed to presenting you with untapped insight from the people who are putting this industry on the map. We are committed to showing you Who’s Who and we are committed to telling you the ‘whole’ story. On one side of that story are the entrepreneurs with their incredible innovations and passion to change the industry and on the other side, we have the the group of intellects that are taking those innovations to the top: The Investors.
Mon
12
Jan

Intervene on behalf of Adam Koessler, arrested on 2nd January 2015

Adam Koessler is a loving father who was arrested on 2nd January 2015 for allegedly administering medicinal cannabis oil to his 2 year old daughter, after she was diagnosed with stage 4 Neuroblastoma.  
Adams bails conditions were amended in the Brisbane Magistrates court on 16th January, to allow him to see his daughter, who is receiving treatment in the Lady Cilento Children's hospital - South Brisbane. 
His visitation with his child has been restricted by the hospital who have defaulted to existing court orders, issued by the family court in 2013. 
He is not kept informed of her treatment, her progress and not informed when she is having surgery or of significant information relating to her care and treatment.

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