Marijuana Business News

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Tue
04
Aug

Zynerba Pharmaceuticals Announces Pricing of Its Initial Public Offering

Devon, PA, August 4, 2015 – Zynerba Pharmaceuticals, Inc., announced today the pricing of its initial public offering of 3 million shares of common stock at a public offering price of $14.00 per share, before underwriting discounts. All of the shares in the offering are being sold by Zynerba. In addition, Zynerba has granted the underwriters an option to purchase up to 450,000 additional shares of common stock at the public offering price, less the underwriting discount. Zynerba’s common stock has been approved for listing on the NASDAQ Global Market and is expected to begin trading under the symbol “ZYNE” on August 5, 2015.

Tue
04
Aug

After three years, Capitol Hemp is back in business

At the newly opened Capitol Hemp shop in Adams Morgan, $50 can buy a small pipe, a bag of hemp pretzels and some 24-karat-gold rolling paper. Or, you could blow the whole amount on a Bud Bug.

“This is by far the weirdest thing we sell at the store,” Capitol Hemp’s co-owner Adam Eidinger said as he pulled a box down from a shelf. Inside was a colorful, oversize mechanical insect that grinds clumps of marijuana as it scoots across the floor, leaving a trail of finely ground cannabis in its path.

“As I said, we sell hard-to-find pieces,” Eidinger quipped.

Monday marked the first day that Capitol Hemp was open for business in D.C.’s era of legalized marijuana. The official grand opening is Wednesday, featuring free hemp ice cream for customers.

Tue
04
Aug

This man is determined to make his brand of legal weed as recognizable as TV dinner

A marijuana dispenser in Colorado is modeling his career after an unlikely business hero: TV dinner tycoon Clarence Birdseye, who practically invented the frozen food industry thanks to his dual interests in food preservation and inventing new technology.

Ryan Fox is hoping to do the same by innovating in both the distribution and retail ends of legal cannabis.

Fox is the founder and CEO of Kindman cannabis products and the Grass Station, the distribution arm of his business. He believes consumers might want the option of buying a pack of bud in the same way they'd buy a frozen meal; prepackaging his cannabis product instead of selling it bulk and letting distributors mete it out.

Tue
04
Aug

Chardan Releases Industry Report Covering PharmaCyte Biotech

SILVER SPRING, Md., Aug. 04, 2015 (GLOBE NEWSWIRE) -- PharmaCyte Biotech, Inc. (OTCQB:PMCB), a clinical stage biotechnology company focused on developing targeted treatments for cancer and diabetes using its signature live-cell encapsulation technology, Cell-in-a-Box®, announced today that Chardan Capital Markets LLC, a privately held full service global investment bank specializing in micro, small and mid-cap companies, issued an Industry Update featuring PharmaCyte Biotech. The report can be viewed at www.PharmaCyte.com/reports.

Tue
04
Aug

Medican Enters Into An Agreement with Music Quest Entertainment Studio

Medican Enters Into An Agreement with Music Quest Entertainment Studio Medican Enterprises
 

Medican Enterprises, Inc. (OTCBB:MDCN) a bio-pharmaceutical company focused on developing, and marketing pharmaceutical grade cannabis to the emerging global medical marijuana market is pleased to announce a strategic sales marketing plan with Music Quest Entertainment.

After an extensive, year long evaluation of different strategic opportunities to produce active sales, the changes that we are instituting will assure that Medican Enterprises will accelerate delivering high quality products and sales.

Tue
04
Aug

Doctor starts medical marijuana practice in Brockton, ON

BROCKTON – Dr. Charles Walker wants his colleagues to know that patients can find medical marijuana treatment in a secure and supportive place.

“We want people to feel comfortable sending their patients to a place that is legitimate, that is credible, and to a doctor that has experience in chronic pain and chronic conditions,” Walker said. “We want to focus on follow-up, make sure the patient is doing well.”

Walker opened MedWell Health and Wellness on Pearl Street in Brockton on June 1.

A former family physician from Lakeville and longtime rehabilitation doctor, Walker is one of dozens of physicians statewide registered with the state Department of Public Health to certify patients for the use and possession of medical marijuana.

Tue
04
Aug

Proponents of Boston marijuana shop to appear before city panel

BOSTON - Representatives from the company seeking to open medical marijuana dispensaries in downtown Boston and Greenfield are slated to appear before a zoning board on Tuesday.

Boston's Zoning Board of Appeals is tasked with determining whether Patriot Care Corp. should be granted a conditional use license to open a dispensary at 21 Milk St.

Patriot Care also wants to open a dispensary in Lowell, at 70 Industrial Ave. East. In Greenfield, the dispensary would be located at 7 Legion Ave.

Tue
04
Aug

This Cannabis Biotech Leader Helped Us Beat the Market by More Than 620%

Back on March 27, 2014, I recommended that Money Morning Members pick up what I felt was the very best play in the burgeoning cannabis biotech industry.

Today, the shares have done even better than I imagined, which is why I wanted to touch base with you again.

Right now, we're going to see how it's performed, but, even better, how to maximize the "free trade" it's about to give us.

And if you missed this stock last year – no worries. We'll start you now as it continues its run – a run that took off while "popular" medical marijuana stocks cratered.

Here's how we'll do it…

Tue
04
Aug

Big Pharma-Produced Cannabis Is Likely Coming to the U.S.

For those hoping that Big Pharma could still be blocked from the medical cannabis scene there is bad news: the deal is done. Look for the first naturally-derived, Big Pharma-produced cannabis product to be on the market by the first half of 2016, perhaps even sooner.

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