Marijuana Business News

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Mon
09
Mar

3 Mistakes to Avoid When Seeking Investor Capital

Convincing investors that your startup is worthy of their dollars is no easy task. With funding capital scarce and the ranks of companies seeking investment legion, your firm needs to beat out plenty of competition to win the favour of venture capitalists. But it’s not enough to have a better product or service than your rivals. Flaws in your strategy or execution could also cost you a chance at funding.

Sun
08
Mar

Weed business ownership still hidden in haze of smoke

Want a stake in the medical marijuana business but missed out on getting a coveted state license? You might not be too late.

Weed businesses that scored licenses to grow in Illinois are looking for investors.

But if the chance to get in on the ground floor of what’s already a $2.7 billion industry in the United States sounds too good to be true, insiders say the tiny number of patients so far permitted to use marijuana in Illinois is causing them sleepless nights.

They’re looking for tens of millions of dollars in financing to build marijuana farms — and to keep running while hoping the state will loosen its restrictions on who can use the drug.

Sat
07
Mar

Mexican cartels shifting into heroin as more USA states legalise marijuana

The growing legalization of cannabis in the United States is forcing Mexico's drug cartels to rethink their illicit business model, turning to opium poppy plantations and domestic pot consumption, experts say.

Americans have been legally allowed to light up joints in the US capital since late last month, joining Washington state and Alaska, while Oregon will follow suit in July.

A total of 23 US states have legalized the drug for medical use, and opinion polls show that a slim majority of Americans favor legalization.

 

The changes in the world's biggest drug market appear to have prompted the criminal organizations producing narcotics in Mexico to switch strategies.

Sat
07
Mar

New York - Medical marijuana trailblazer uproots Co. operation

A pioneer of Colorado’s medical marijuana industry is leaving the state for greener pastures – in New York.

Josh Stanley, who helped get legislation passed to legalize marijuana and opened the Peace in Medicine Center, Denver’s first medical marijuana dispensary, said he’ll completely relocate to New York.

He plans on opening four medical marijuana clinics and two marijuana farms there.

“I got tired of looking in the paper and seeing ads for joints,” Stanley said. “You see companies getting in on the ‘Green Rush’ … They’re peddling dope.”

Stanley said he wants to focus on cannabis-based pharmaceuticals.

Sat
07
Mar

In Germany, it's a painstaking path to medical marijuana

It's pain week here in Germany. And one of the topics being discussed is medical marijuana. Right now, only very few Germans are allowed to smoke marijuana to relieve pain. Meet Lars Scheimann, one of them...

Sat
07
Mar

Anticipation Grows for Marijuana Investor Summit

Marijuana is proving to be contemporary culture’s most exciting frontier market. With a growing number of opportunities to enter the legal marijuana industry, the best minds have been seeking a vehicle to drive innovation and investment education.

Marijuana Investor Summit, taking place April 20-22, 2015 in Denver, Colorado, will bring together the best entrepreneurs and investors within the marijuana industry. The Summit’s speakers have their eyes on the industry and are ready to share their market knowledge.

Fri
06
Mar

Girl Scouts rack up cookie sales outside marijuana dispensary

Talk about smoking the competition.

Sisters Aurora and Eden Ray not only sold more than 100 boxes of Girl Scout Cookies on Friday, they did something maybe no other Oregon Girl Scouts have ever done: sell the organization’s famous Samoas, Thin Mints, Tagalongs and other cookies outside a medical marijuana dispensary.

“It’s actually great to sell here at this place because none of our Girl Scouts have done this before,” said Aurora, 11, standing Friday afternoon with her sister and parents, Ralph and Belinda Ray, outside the Oregon Microgrowers Guild on Cross Street in Eugene’s Whiteaker neighborhood.

“We’re hoping to show people that we’re just trying to make a difference and help people and stuff,” Aurora said.

Fri
06
Mar

Take it easy, man: Marijuana is not turning New Yorkers into murderers

Perhaps no factor has enabled the much-heralded urban renaissance more than declining crime rates. Through much of the 1970s to 1990s, inner cities were widely perceived as war zones, overwhelmed by addiction-fueled property crime and violence between drug dealers. This was not all just perception. The murder rate in now-thriving cities was much higher 20 years ago than it is today. In New York, there were 2,245 murders in 1990 versus 328 last year. Washington, D.C., went from 479 in 1991 to 105 in 2014.

Fri
06
Mar

Budding Interest in Cannabis-themed Packages

With society increasingly accepting the medicinal and recreational properties of marijuana, wellness tourism experts predict explosive growth in cannabis-related spa and travel packages.

Cannabis was listed second in Spafinder Wellness' recently released Top 10 trends report, which cited the growing list of medical marijuana dispensaries around the country that are adding yoga, massage and fitness as well as pot tourism, which is being developed in Colorado, Washington, Alaska and Oregon, where the drug is now legal.

Among some of the new offerings:

Fri
06
Mar

The DC Council Passed Emergency Legislation to Ban Cannabis Clubs

Less than one week after D.C. allowed marijuana legalization to go into effect (against the wishes of vocal Republicans in Congress), the D.C. Council unanimously passed emergency legislation Tuesday to ban marijuana use at nightclubs and other places of business, even during private events.

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