Marijuana Business News

Synonyms: 
stocks
business
Tue
18
Mar

Vaporizers, e-cigs of the pot world, are booming

LOS ANGELES — Chris Folkerts started selling electronic cigarette-like devices from the trunk of his car two years ago. Now he and two partners own one of the biggest brands in the business, with products in 4,000 stores nationally, an art deco office on the city's fashionable Miracle Mile and an endorsement deal with rapper Snoop Dogg.

The rapid success of Grenco Science, the privately held company Folkerts founded, mirrors the fast growth of the business it is in — marketing devices that allow marijuana users to vaporize their psychoactive weed rather than smoke it.

"This is a big industry — it is the future,'' Folkerts, 31, says. "We're really on the cusp of exploding.''

Mon
17
Mar

Ganja can heal our nation - Wright-O'Connor, Seiveright believe Ja can reap rich rewards from legalising marijuana

 Daviot Kelly, Staff Reporter

Head of the Morris Entrepreneurship Centre (MEC), Hazel Wright-O'Connor, believes young persons can create business ventures using medical marijuana, provided the plant is legalised.

The MEC is an outreach unit of the Northern Caribbean University (NCU). The centre's primary focus is to provide business-development services for micro, small and medium-size enterprises.

Wright-O'Connor said students from the university's chemistry, biology and biochemistry departments were doing "wonderful things", including the creation of preservatives using gel, which eliminates the need for refrigeration.

Sun
16
Mar

Weeding out ganja myths

Ian Boyne

We are so intoxicated about the prospects of escaping our perennial poverty through the booming US$140-billion global ganja business that we couldn't care less about any scientific evidence which might exist about its potential harm. Ganja market and investment enthusiasts - not to mention Rastafarians like Michael Lorne - are so high over decriminalisation that they are impatient of discussion of any negative effect of ganja smoking.

Sun
02
Mar

Uruguay considers legalising marijuana as 'experiment', says President Jose Mujica

People wait outside the Parliament building while lawmakers pass the bill legalising marijuana, in Montevideo last week. The new bill aims to put the government in charge of the marijuana industry. Picture: AFP Source: AFP

URUGUAY wants to make a "contribution to humanity'' by legalising marijuana but will backtrack if the "experiment'' goes awry, President Jose Mujica has said.

Mr Mujica said he sees his country as a potential test case for an idea slowly gaining steam across Latin America - that the legalisation and regulation of some drugs could sap the cartel violence devastating much of the region.

Mon
24
Feb

Decriminalisation of ganja 'long overdue', says opposition

KINGSTON, Jamaica:

The Opposition Jamaica Labour Party, says the plan by the Jamaican Government to decriminalise marijuana by year end is long overdue.

Decriminalisation would result in the abolition of criminal penalties and would require appropriate amendments to the Dangerous Drugs Act.

Leader of Government Business in the House of Representatives, Phillip Paulwell, yesterday confirmed that action would be taken this year in keeping with parliamentary approval.

Spokesperson on Justice, Alexander Williams, says the decision is a step in the right direction and the Opposition is looking forward to the parliamentary debate on the matter.

He says focus should now be placed on the full legalisation of marijuana for medical purposes.

Tue
18
Feb

Feds Move To Fix Pot Shops' Banking Problems

WASHINGTON -- The federal government issued guidelines on Friday that officials said were intended to increase the financial services available to marijuana businesses that are legal under state laws.

Guidelines announced by the Treasury Department and a memo from a top Justice Department official were intended to ease concerns that the federal government would target banks working with marijuana-related businesses that are legal and regulated on the state level. Expanded banking access will enable them to function like traditional businesses, and implementing a reporting structure will allow the federal government to take a close look at how they operate.

Mon
20
Jan

Ganja debate features on night one

When Mutabaruka took over MC duties from DJ Amber at Rebel Salute on Friday night, he was to change the tone of the event. It was time to see more of the veterans in the business of reggae.

Spouting his sharp humour, Muta chided freeloaders who called themselves 'press', and told the men to go buy refreshments for their women, before summoning the veteran Max Romeo, who belted out hits such as War Inna Babylon, Macabee Version, Three Blind Mice, Nobody's Child and Let The Power Fall On I.

Thu
16
Jan

Marijuana Is Legal in Colorado, but Not on Google and Twitter

Online ad industry wrestles with how to handle bumper crop of new ad budgets

Pot is legal in Colorado but not on Google and Twitter. At least not yet.

A million-dollar-a-day industry is budding out West, but marketers are trying to grapple with how to advertise the once illegal weed. Digital advertising giants like Google and Twitter aren’t open to sponsored search ads or tweets from small-business marijuana shops. Apple restricts that kind of content on its mobile app store. As a result, “potrepreneurs” will need to get creative in a hurry.

The entire industry is still exploring how to navigate the regulations —public policy and private-company restrictions— of marketing marijuana.

Sun
12
Jan

Intoxicating financial prospects for ganja trade - Changing foreign laws seen as business opportunity

Richard Browne, Business Reporter

The legalisation of marijuana for recreational purposes in the state of Colorado, United States, has pushed prices up to US$400 (J$42,448) per ounce as demand quickly outpaced supply in that market.

The price spike has created a differential between legal Colorado marijuana and the illegal Jamaican product of some $41,988 per ounce, and has given even greater impetus to the drive to legalise the crop here.

Those efforts were previously held back as Jamaica was "always concerned about US policy", said Delano Seiveright, director for the Ganja Law Reform Coalition.

Sun
12
Jan

10 Things You Need to Know about Barcelona Cannabis Clubs

I get a lot of questions from readers about Barcelona’s cannabis clubs. Questions range from “How Can I get Membership at a Cannabis Club in Barcelona?” to “Is Weed Legal in Spain?” to questions about the club’s use of personal information and many others. Of course, there’s also no shortage of questions about the actual marijuana on offer in Barcelona. Because many of these questions follow a common theme, I thought this short but direct list of the 10 most important things you need to know about Barcelona’s cannabis clubs might help shed some light on what is – by necessity – a private industry.

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