Marijuana Business News

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Wed
11
Mar

Watch: Making marijuana into a legitimate business

Cannabis has been legal for recreational use in the US states of Washington and Colorado for more than a year now. Voters have also backed legalisation in Alaska and Oregon, and are facing a new challenge - how to turn an illegal drug into a legitimate business. Alastair Leithead has been to Seattle - to see how legal cannabis is going, and over the border to Salem, Oregon - to see how they are planning to implement it.

Wed
11
Mar

Canada - Mississauga set to introduce new medical marijuana rules

Mississauga hopes to become one of the first municipalities in Canada to pass specific bylaws governing medical marijuana grow-ops.

City council is set to vote Wednesday on legislation that would require grow-ops to follow certain regulations in terms of odour and safety and be regularly inspected. Currently, the federal government dictates where grow-ops can set up and what features the facilities need.

The medical marijuana industry is worth billions and is expected to grow dramatically in the coming years.

Mississauga Coun. Ron Starr said the goal is get some control over grow-ops and make them blend into the community better.

"If you have one of these beside you in an industrial building you'll not even know it’s there," Starr said.

Wed
11
Mar

Why Greg Engle is Leaving Big Pharma for Medical Cannabis

Written by Greg Engle

I have dedicated my entire career to the health care industry because it's important to me to spend my life doing something that helps people. Now, after more than 25 years, I have decided to leave behind the big pharma establishment in order to embark on a new journey on the cutting edge of health care, as the first CEO of Tilray, Canada's leading licensed producer of medical cannabis.

Here are the top five reasons why:

Wed
11
Mar

Weed 101: Legalized pot gets Ohio State class of its own

Professor Douglas Berman teaches a class about marijuana, so he has heard the jokes. He even allows a little pot humor in the classroom. But he isn’t especially fond of the nickname his class has picked up:

Weed 101.

“It’s a lot more than that,” Berman said about his class at Ohio State University’s Moritz College of Law.

Flippant attitudes toward the marijuana debate are in part what inspired him to start teaching “ Marijuana Law, Policy and Reform,” which aims to cut through claims on both sides of the marijuana debate.

Wed
11
Mar

Cannabis Staffing Agencies Challenge High Turnover

Like the California Gold Rush of the 19th century, the legalized marijuana trade is attracting industry hopefuls nationwide with great expectations for working in this booming nascent sector.

If federal legalization takes place, U.S. retail marijuana sales revenues could reach $35 billion by 2020, surpassing the NFL, according to a report by GreenWave Advisors. Alternatively, if federal legalization doesn’t take place by 2020, GreenWave Advisors predicts revenue to climb to $21 billion.

Tue
10
Mar

Is marijuana a new growth industry for Ohio?

Ian James, architect of a proposal to legalize pot in Ohio, said it stemmed from a simple notion: "Let's take this from the tie-dye to the suit-and-tie approach to marijuana."

James, CEO of the Strategy Network, a Columbus political consulting firm, turned to Cincinnati lawyer Chris Stock for help. Would Stock draft a proposed amendment to the Ohio Constitution that would outline how pot would be regulated for personal and medical use? "I've never used marijuana in my life," Stock told James. "I'm not sure I want to be involved." But he relented.

Tue
10
Mar

Investing in Marijuana MicroCap Stocks

In the nine months leading up to their peak in March 2014, marijuana stocks rose over 6 fold in value, fueled by the speculative frenzy that followed marijuana’s legalization in Colorado and Washington and the promises of high returns from a nascent industry that is predicted to grow by the most conservative estimates to a $10 billion plus market in the next 4 years and experience an astonishing compounded annual growth rate of 40%.

Tue
10
Mar

The Rise and Fall of “Coffee Shops”: New Laws to Eradicate Marijuana Production in Holland

Successive conservative governments have ratcheted up the pressure against cannabis production, which is intensifying criminal activity while reducing marijuana quality. The ultimate goal: to reduce production to a minimum and for Holland to cease from being a destination for cannabis tourism.

Twenty years Holland was a paragon of progressivism in Europe, a place that welcomed any advance involving cannabis with open arms, a paradise dotted with “coffee shops” and tourists who found there a haven for marijuana consumption. 

Tue
10
Mar

Pot power a pricey concern for Vegas’ medical marijuana industry

Early last year, the broker for a 100,000-square-foot warehouse near Las Vegas called the power company to find out how much juice the building would need.

Longtime NV Energy executive Arnold Lopez went out to meet a group on the site and asked what kind of business they planned.

After some hesitation, they told him: medical marijuana cultivation.

Lopez asked questions and started doing some quick math. And, as he recalled, “All of a sudden I came up with numbers I’d never seen before.”

That single marijuana-growing operation, he estimated, could require 5 megawatts of capacity — enough to power 1,000 homes. That’s about 5 percent of the capacity of an entire substation.

Tue
10
Mar

Sens. Booker, Gillibrand and Paul unveil federal medical marijuana bill

A historic Senate medical marijuana bill unveiled Tuesday would dramatically reshape the landscape for the plant, nearly 80 years after it was effectively criminalized.

The bill, introduced by Sens. Cory Booker (D-N.J.), Kirsten Gillibrand (D-N.Y.) and Rand Paul (R-Ky.), would end the federal prohibition on medical marijuana and eliminate the ambiguity surrounding related state laws. It would untie the hands of veterans’ doctors when it comes to recommending the drug and bankers when it comes to providing business services to the industry. It would also facilitate very limited inter-state trade, expand research and shift marijuana out of the most severe category in the federal government’s drug classification.

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