Marijuana Business News

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Sat
13
Jun

Weekend Read: The Weed Funding Bubble

ED ZIMMERMAN“Businessmen they drink my wine, Plowmen dig my herb.”

Sat
13
Jun

Hemp Actvists & Entreprenuers Up Close

Show opens with Chris Tinney giving an update on the current legislation regarding hemp and introducing his two guests: Anndrea Hermann of the Hemp Industries Association and Bruce Perlowin, CEO f Hemp Inc.

Fri
12
Jun

Legalization of edibles could increase the value of licensed marijuana producers, says M Partners

The Supreme Court of Canada yesterday voted 7-0 that Canadians have the right to consume medical marijuana can be legally consumed in a range of ways.

The landmark Supreme Court ruling that says Canadians have the right to consume medical-marijuana in ways other than smoking could soon increase the value of currently licensed producers, says M Partners analyst Daniel Pearlstein.

In 2009, Owen Smith, the head baker for Victoria-based Cannabis Buyers Club of Canada was arrested when police found items such as dried marijuana and cannabis cookies on site. He was charged under sections 4(1) and 5(2) under the Controlled Drugs and Substances Act (CDSA).

Fri
12
Jun

Hooked on hydroponics: Blackburn entrepreneurs enter medical marijuana world

When the Canadian government announced the commercialization of medical marijuana sales in April 2014, hundreds of business-minded individuals rushed to get in applications to legally sell medical marijuana.

It’s the type of industry that requires entrepreneurs ready to take risks, not business people looking for a slam dunk return on their investment. That’s because before the licence can be granted to sell, government staff need to tour the facilities, make sure everything is just right – including security set-ups and RCMP clearance for key personnel.

As of April 27, Health Canada said they have had 1,315 applications, 955 of which have been refused or withdrawn.

Fri
12
Jun

NY Medical Marijuana Program Brings in $3 Million from Application Process

Today state officials in New York will close the application process to open a dispensary.

 

According to numbers from the New York Post, the state has already brought in $3 million from the selection process by charging 300 perspective dispensary owners $10,000 a pop to file their bid to attain one of the five permits being distributed in the state.

Fri
12
Jun

Connecticut To Allow 3 More Medical Marijuana Dispensaries

HARTFORD — Connecticut plans to allow up to three more medical marijuana dispensaries, targeting New Haven and Fairfield counties, where there are the most registered patients and the fewest licensed sellers.

The decision to add to the state's six dispensaries comes nine months after the first medical marijuana sales by a fledgling industry in Connecticut in which both growers and dispensaries are still in a struggle to break even.

The Department of Consumer Protection announced Thursday that it would seek proposals for the new dispensaries because there has been "significant growth" in patient registration, especially this spring.

Fri
12
Jun

Colorado schools to track marijuana offenses by students

Colorado schools will begin compiling data on students who get busted for using or distributing marijuana, an effort aimed at gauging the effects of the drug's legalization in the state.

The new requirement is an addition to a 2012 law directing law enforcement and district attorneys to collect information on how students are punished and whether they're being arrested or ticketed when they should be disciplined by educators for minor offenses.

Schools have been tracking all drug offenses involving students, but marijuana has not been separated on its own. Anecdotally, some schools say they've noticed an increase in marijuana use while others have not, according to Jane Urschel, deputy executive director of the Colorado Association of School Boards.

Fri
12
Jun

City of Vancouver debates how to regulate marijuana trade

City Hall was standing room only on Wednesday night (June 10) as medical marijuana supporters and opponents crammed into council chambers for a public hearing to regulate the pot business in Vancouver.

The city is considering regulations to licence marijuana dispensaries, which would require them to be 300 metres from any community centres or schools, as well as that same distance apart from each other.

The public hearing began with a presentation from city manager Dr. Penny Ballem, who said the Vancouver has seen a sharp increase in dispensaries this year, up from 60 in January to 94 in June.

Fri
12
Jun

Ohio Prosecutor: Marijuana legalization would create 35000 jobs

A proposal to legalize marijuana that is likely headed toward Ohio’s fall ballot would create nearly 35,000 direct and indirect jobs in the state and generate an annual economic output of $7 billion, says a new report today coordinated by Hamilton County Prosecutor Joseph T. Deters.

“Legalization is coming to Ohio. We need to accept the reality is going to happen,” Deters said at a press conference at the Ohio State University Moritz School of Law where the report, “Marijuana & Ohio, Past Present and Potential” was unveiled.

“Why in the world, knowing this is coming, would we let the bad guys make all the money?” Deters asked.

Fri
12
Jun

Senate Committee Approves Protections For State Medical Marijuana Programs

The Senate Appropriations Committee approved a provision Thursday that would protect medical marijuana operations from federal crackdown in states where the substance is legal.

The committee passed the measure, by a vote of 22-8, as an amendment to the Commerce, Justice and Science appropriations bill for fiscal year 2016. The amendment blocks the Department of Justice, which includes the Drug Enforcement Administration, from using appropriated funds to interfere with medical marijuana programs in the states that have legalized the drug for medical purposes.

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