Marijuana Business News

Synonyms: 
stocks
business
Tue
04
Aug

Local Security Firms Race to Compete for Medical Marijuana Clinic Contracts

CHICAGO — Medical and recreational marijuana might be on the brink of becoming big business for growers and dispensaries, but Rudy Medrano and his company, RM Global Security, see opportunity for the security and enforcement side of operations, too — so he's encouraging Chicago dispensers to shop local.

Tue
04
Aug

Bud and Breakfasts and 420 Tours: Denver sees a cannabis 'gold rush'

It’s not unusual for 24-year-old Maggie Copeland to have a conversation with her coworkers about pot.

“It’s quite professional,” she said of her nonprofit office in Denver, Colorado. “Weed comes up a lot.

“After a tough day, it’s not uncommon that people at work will say ‘I’m gonna go smoke a bowl’ instead of ‘I’m gonna have a glass of wine’.”

Tue
04
Aug

Minnesota marijuana patients slapped with an easily avoidable price hike

Now that Minnesota's medical marijuana patients have gotten a taste of its fabulous product, MinnMed is raising prices across the board.

Minnesota Medical Solutions, one of the state’s two medical weed manufacturers, has jacked up prices by 15-20 percent on all its products, forcing chronically ill patients to head back to the streets to treat their pain.

Tue
04
Aug

4 Ways to Attract Top Millennial Talent

Young people have certain expectations of their employers. Why (and how) you should meet them

eneration Y is undeniably making its mark in the Canadian workforce. As a vast number of tech-happy, smartphone-wielding millennials enter the job market every day, they are quickly superseding baby boomers as the largest group in the country’s offices.

By 2030, millennials are expected to comprise almost 75% of the workforce, making it increasingly important for small businesses to effectively communicate with and understand this burgeoning pool of workers.

Here are four ways that small businesses can attract top millennial talent.

MOVING TO MOBILE

Tue
04
Aug

GTSO: Experts Predict Oregon Cannabis Industry Will Be Worth Nearly $500 Million in Five Years

SAN JOSE, Calif., -- As Green Technology Solutions, Inc. GTSO, +5.50% readies new products and services for entry into Oregon’s adult-use cannabis market, experts now say that the state’s cannabis industry could be worth nearly $500 million by 2020.

Mon
03
Aug

What banking problem? 3 questions Union Square's first medical marijuana shop asked its bank ...

€œWhen we begin to build a business of our own in any market, we always go back to our counterparties and say this is how we do it,” said Vita. But he said he also asks the institutions three questions: What can his company do better? How can his company do it better? And what are the concerns the institution has about the expansion? As part of the New York state license awarded Friday, the company plans to open a medical marijuana farm in Melrose, N.Y. as well as three other dispensaries around the state.

Mon
03
Aug

Adams County approves 6 out of 10 marijuana lottery applications

Four business owners missed the July 31 review deadline and now the county will give four new people a shot

Dave DeZutter from the firm Eide Bailly pulls a ticket for the lottery to see which applicant could apply for a license to open a marijuana dispensary on Jan. 27, 2015 at Adams County Government Center in in Brighton. (Brent Lewis, The Denver Post file )

Mon
03
Aug

No Banks for Marijuana Industry

Federal Reserve has officially rejected a financial institution’s request to serve the medical marijuana industry’s banking needs in Colorado.

The request, that was filed in November by the Fourth Center Credit Union (FCCU), was seeking to create a “master account” that would act as an interactive platform between the state-licensed marijuana businesses and banking institutions. It had received the governor’s backing when it decided to bring expert money laundering officials to build the policies. Having received the state license, the FCCU was only waiting for the Fed’s approval to begin operations in Colorado.

Mon
03
Aug

Marijuana Price Rises Another 3% to $1,791

For the week ended Friday, July 31st, the spot price index for a pound of cannabis rose from $1,736 in the prior week to $1,791, a jump of slightly more than 3%. The futures price for December 2015 remained unchanged at $1,350.

About two-thirds of the past week’s transactions fell in a range of $1,550 to $2,032 per pound and transaction prices ranged from a low of $1,500 in California and Oregon to a high of $2,500 in Michigan and Alaska according to the analysts at Cannabis Benchmarks. The volume-weighted average price in Colorado rose by about 6% from $1,667 on July 24th to $1,770 a pound last week.

Mon
03
Aug

Here's the scoring of the New York medical marijuana applicants

The state Department of Health issued scores that ranged from 97 to 45 for the 43 medical-marijuana applicants that sought one of five licenses to grow and dispense the drug.

The highest on a scale of 1 to 100 was PharmaCann LLC, which would be based in Orange County for growing and have dispensaries in Erie, Onondaga, Albany and Bronx counties.

All five winners had scores that exceeded 90, while several others narrowly missed.

Ross John Enterprises, which proposed a facility in western New York, received the lowest score of 43.

The health department said it weighed a number of criteria in making the selections.

Pages

Subscribe to RSS - Marijuana Business News