Marijuana Business News

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Sun
22
Feb

Pot Policy Splits Native Americans Over Whether Business Is Worth It

When it comes to marijuana laws, the Justice Department is now treating American Indian tribes the way it treats states that have legalized pot: by backing off on enforcement.

The move, announced in December, has inadvertently sparked interest in the marijuana business. While many see dollar signs, others worry about contributing to the impact substance abuse has already had on Indian Country.

Sun
22
Feb

Holland's New Marijuana Laws Are Changing Old Amsterdam

The last time Derrick Bergman came to Amsterdam to buy cannabis, he did so behind a locked door with a long, thick curtain obscuring his activity from the canal-lined residential street outside, in the quiet Lastage neighborhood. The secretary of the Netherlands’s Union for the Abolition of Cannabis Prohibition, Bergman comes here to weekly gatherings of a two-month-old—and seriously clandestine—“cannabis social club” called the Tree of Life, because it’s the only place in town he can find one of his favorite strains: Super Silver Haze.

Sun
22
Feb

Two Bills Introduced in Congress to Legalize and Legitimize Marijuana on a Federal Level

Washington, D.C. – Two bills were introduced on Friday, February 20, in the U.S. House of Representatives, that would legalize and tax adult-use marijuana federally.

U.S. Rep. Jared Polis introduced H.R. 1013, the “Regulate Marijuana Like Alcohol Act.” The bill calls for states to be allowed to choose to legalize cannabis if they choose without having to worry about repercussions from the federal government.

The bill would also create a new regulatory structure by removing marijuana from the Schedule set by the Controlled Substance Act. Currently, cannabis is considered a Schedule 1 drug, which classifies it as having “no currently accepted medical use.”

Sun
22
Feb

Tommy Chong at CannaCon

Entertainer, entrepreneur and cannabis celebrity Tommy Chong appeared this week at the opening of Seattle’s CannaCon, billed as the nation’s largest marijuana-related trade and seminar show.

With a message more hymn than manifesto, Chong held a brief news conference Thursday afternoon to discuss the medical and social benefits of pot, to promote the value of drinking water and to relate his own experiences both in show business and prison.

He also came to promote a series of cannabis-related products that bear his name, including a hemp-infused beverage, a vaporizer, a marijuana grinder and “smoke swipes” that can remove the reeks and fumes of marijuana from clothing and other surfaces.

Sun
22
Feb

Charlotte’s Web rule-making merry-go-round continues

The Florida Department of Health will hold a public hearing March 2 in Tallahassee for a proposed rule on a medicinal marijuana law.The rule was produced by a two-day negotiated rule-making workshop DOH held earlier this month with growers, cannabis business representatives and patient advocates.

Medicinal marijuana is available in nearly half of the country but Florida’s Compassionate Cannabis Medical Act of 2014 has been held up by a court challenge with growers and regulators unable to agree on rules to provide epilepsy and cancer patients with cannabis oil to treat their illness.

DOH confirmed Thursday a request for a hearing to discuss the proposed rule published Feb. 6. A spokesman said more details would be forthcoming.

Sun
22
Feb

Some San Jose Pot Shops Owe Millions in Unpaid Marijuana Taxes

Records reviewed by the NBC Bay Area Investigative Unit show there are five marijuana businesses that owe the City of San Jose more than $2.1 million dollars in unpaid taxes, penalties and interest.

“Whether we want to be or not, we are somehow or another regulating a medical drug, something no city in the country really knows much about,” said San Jose Mayor Sam Liccardo.

More From NBC Bay Area’s Investigative Unit

The 1996 Compassionate Use Act legalized medicinal marijuana in California. Voters in San Jose then approved Measure U in November 2010, allowing the city to tax the sale of medical marijuana. Since then, the city has collected more than $17 million from the 10% Marijuana Business Tax on sales from collectives and dispensaries.

Sun
22
Feb

How to Start Your Own Marijuana Business: Stake Your Cannabis Claim

NEW YORK (MainStreet) — There are few opportunities in life to get in on the ground floor of an all-new, exploding industry. The "Green Rush" of the legal cannabis business certainly fits that bill.

"These are exciting times, and new millionaires and possibly billionaires are about to be made, while simultaneously society will become safer and freer," says Troy Dayton, CEO of The ArcView Group, an Oakland-based cannabis market research and investment company, in the firm's annual industry overview.

Sun
22
Feb

Cannabis growers unionize: Minnesota medical dispensary agrees to wage contract for July opening

ST. PAUL, Minn. (AP/KTTC) -- Minnesota's nascent medical marijuana industry is now unionizing, according to a report from Minnesota Public Radio.

The United Food and Commercial Workers says it has organized one of the state's two medical cannabis production facilities.

The union represents a handful of employees at Minnesota Medical Solutions, in Otsego, the first facility expected to be up and running by July 1, the first day medical cannabis can be dispensed in Minnesota. Bernie Hesse, an organizer with UFCW Local 1189, says his union is also talking to LeafLine about organizing staff at its facility in Cottage Grove.

Sat
21
Feb

Incubating Impact: Establish a Framework for Innovation in Your Startup

Silicon Valley’s “fail fast” mentality sounds exciting: Go big, or go home! The problem, of course, is that failure isn’t appealing. It’s hard, painful, and, in certain cases, career-ending.

Sat
21
Feb

Two House Bills Would End Federal Prohibition Of Marijuana

Two congressmen filed separate House bills on Friday that together would legalize, regulate and tax marijuana at the federal level, effectively ending the U.S. government's decadeslong prohibition of the plant.

Rep. Jared Polis (D-Colo.) introduced the Regulate Marijuana Like Alcohol Act, which would remove marijuana from the Controlled Substances Act's schedules, transfer oversight of the substance from the Drug Enforcement Administration over to the Bureau of Alcohol, Tobacco, Firearms and Explosives, and regulate marijuana in a way similar to how alcohol is currently regulated in the U.S.

Rep. Earl Blumenauer (D-Ore.) introduced the Marijuana Tax Revenue Act, which would set up a federal excise tax for regulated marijuana.

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