Marijuana Business News

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Wed
20
May

Chicago firm withdraws suit over marijuana permit

A Chicago company announced Monday it has withdrawn the first lawsuit against the state challenging the way officials dispensed medical marijuana business licenses.

PM Rx LLC said in a statement it has agreed to dismiss all its claims against the state and a rival company, Cresco Labs. Cresco had won a permit to grow medical marijuana in a state police district that covers Ford, Iroquois and Kankakee counties, but PM Rx challenged the way the Department of Agriculture issued permits.

Wed
20
May

Medical Marijuana Inc (OTCMKTS:MJNA) Faces Anti-Slapp Motion In Return to its $100 million ...

Medical Marijuana Inc (OTCMKTS:MJNA) has got itself in a pickle recently. The company now faces an anti-slapp motion, with regard to its lawsuit against Project CBD. The latter is a non-profit education company focusing on cannabis science and therapeutics. MJNA had initially filed a lawsuit of $100 million against CBD, on the grounds of first amendment. The lawsuit concerns project CBD’s report titled “Hemp Oil Hustlers”, published in October 2014.

Wed
20
May

Eight ways to radically increase your productivity

Beginnings are the most exciting and energizing times in life. If things have been in a slump for you, make some changes. Lasting success comes from making pointed shifts in your behavior on a daily basis. Success is rarely the result of the major decisions you have to make due to the long and short term consequences that ensue. Success results from committing to making each day count and seeing each challenge as providing your business a new start.

1. Change your environment. 

Making slight changes in your working environment will make a huge difference in your willingness to work. When you shift things around it makes work feel new again which is great for re-igniting motivation.

Tue
19
May

Visionary Seneca Entrepreneur Ross John Signs Joint Venture Agreement To Develop First Cannabis Industry On Sovereign Seneca Indian Land

Indian Relations Expert Lisa Sundberg Joins Forces With Media Personality and Cannabis Expert Cheryl Shuman Founder of Beverly Hills Cannabis Club Announcing Launch with Historic Media Educational Campaign and Event Series for Indian Country

Visionary Seneca leader Ross John, Sr., announces today the formation of a joint venture agreement to research and develop complete and appropriate cannabis economic business models ideal for Native peoples and their territories. The joint venture is designed to use Native sovereign status as a unique development asset that can help streamline and nurture cannabis related projects and programs. “Sovereignty is an asset,” said Ross John Sr.

Tue
19
May

COLORADO CANNABIS CEO: MARIJUANA WILL EVENTUALLY BE TRADED LIKE ANY OTHER COMMODITY

Ryan Fox, founder and chief executive of Denver-based cannabis producer Kindman, says the legal marijuana industry is still evolving and that current cannabis shortages reflect the sector’s growing pains.

Here in Colorado we recently completed the second annual “420” celebrations since the legalization of recreational marijuana in early 2014. And for second straight year, cannabis dispensaries in Denver and elsewhere were crowded with happy consumers during the 420 weekend; people from all over the country and around the world, ready and willing to take part in the festivities.

Tue
19
May

National Spring Marijuana Business Conference & Expo Starts Today in Chicago

The legalization of marijuana is gaining momentum nationwide. According to newly released data, the industry is expected to create $10B+ in economic impact this year, and $30B+ by 2019; America’s oldest and largest Cannabis Trade Show has added a second annual expo to meet demand.

The national Spring Marijuana Business Conference & Expo begins today at the Hilton Chicago and runs until May 21.

The legalization of marijuana is gaining momentum nationwide. According to newly released data, the industry is expected to create $10B+ in economic impact this year, and $30B+ by 2019; America’s oldest and largest Cannabis Trade Show has added a second annual expo to meet demand.

Tue
19
May

Rise of South Africa's ultra-rich reveals a tale of two nations

When times get tough, it seems the rich in South Africa get richer - in spite of living in a country with vast wealth discrepancies.

Despite the turbulent economic times, wealthy South Africans are getting even wealthier - and the number of millionaires is growing in leaps and bounds.

As their fortunes grow, the super-rich are splurging on fine art, wines, supercars, rare game, second homes abroad and expensive watches - all in the name of "investment".

Tue
19
May

Asset manager sees gold in grass; starts PE pot fund

As various forms of legalized marijuana use spreads across the country, firm tests the limits with fund that will invest along the entire marijuana supply and distribution chain

As marijuana becomes legalized in various parts of the country, investors and asset managers are grappling with the best way to make some money off the trend.

The latest, and perhaps most aggressive, effort is a new private-equity fund from Salveo Capital that will invest along the entire marijuana supply-and-distribution chain, including the businesses that physically handle the product.

Tue
19
May

Canada: On Marijuana, Harper's Politics Don't Match His Actions

The Tories say pot must stay illegal. They're also laying groundwork for legalization.

On marijuana, Conservatives are 'traveling both sides of the fence.' Photo: Cannabis Culture, Creative Commons licensed.

Tue
19
May

Pot Farming, Italian Army style

Situated amid the beautiful and history-laden streets of Florence there’s a secure pharmaceutical facility where medical marijuana is being grown by an organization one wouldn’t typically associate with either farming or cannabis: The Italian Army.

“To the best of my knowledge, it is the only situation in which the ministry of defence of a European country is tasked with such production,” says Marco Perduca, a former senator in Italy and the current United Nations representative for the Nonviolent Radical Party.

The Army is busy growing its first marijuana crop as part of a government effort to provide an affordable and safe supply of medical cannabinoids for use in the country. The plan was announced in September and the operation is now up and running.

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