Marijuana Business News

Synonyms: 
stocks
business
Mon
01
Jun

10 Largest Marijuana Companies

The legalization of recreational marijuana use has led to the creation of dozens of publicly traded companies seeking to carve out a space in what may be a potentially large growth industry. Now that the initial blush has worn off, however, these dozens of companies face the demands that all publicly traded companies have to confront: a sustainable business model led by a management team that has the experience and skill to execute to that model.

Mon
01
Jun

Former tribal chairman joins marijuana company

BISMARCK -- Former MHA Nation Tribal Chairman Tex Hall has joined a company focused on producing marijuana on reservations.

Native American Organics LLC will help tribes who want to enter the marijuana products industry set up legal growing and distribution systems. The company is a partnership between Hall's Red Tipped Arrow LLC and Wright Family Organics LLC, a California-based medical marijuana research and operations company.

The company will work on regulation and compliance issues with tribes located in states where medical and recreational marijuana is legal, helping to break down barriers to entry. It will help tribes make law governing the industry on their reservations.

Mon
01
Jun

Hemp industry enters 2nd year with hazy market potential

FORT LUPTON, Colo. (AP) — The newly legal hemp industry is entering its second growing season with some big questions for producers experimenting with marijuana's non-intoxicating cousin.

The federal government has allowed limited imports of hemp seed — in Colorado's case, this month — for research and development purposes. Companies trying to create a U.S. hemp industry are seeking investors not only for unproven products but for a plant that is still classified under the federal Controlled Substances Act with marijuana and thus cannot be patented.

As a result, it's too soon to tell whether hemp will become a boon for farmers or stay in mostly boutique products that use imported hemp.

Mon
01
Jun

In Legal Weed Industry, Solutions For Lack Of Banking Access May Lie in Building Relationships

CHICAGO -- In any business, personal relationships often are the key. In the marijuana business, that could be even truer, especially when it comes to banking needs.

Marijuana largely is an all-cash business. Banks are skittish because growing and selling marijuana still is illegal under federal law, which classifies cannabis as a Schedule I drug. But some store owners and others in the marijuana business who have had pre-existing relationships, especially at small community institutions, have been able to convince bankers to work with them, said Chris Walsh, managing editor of Marijuana Business Daily, which sponsored the Marijuana Business Conference and Expo here May 19-21.

Mon
01
Jun

License to Supply Pot: Deadline Nears for Firms in New York

Companies have until June 5 to file applications with the state’s health department for one of five licenses to dispense medical marijuana

Erik Holling spent more than 10 years helping turn a family business into a global information-technology company with a staff of 3,500 people in more than 190 countries.

Now he is aiming to be at the forefront of a new industry for New York state: medical marijuana.

Mr. Holling, who earlier in his career worked in medical research and health care, is now president of Valley Agriceuticals, a Purchase-based health-care company vying for one of five licenses to grow and distribute medical marijuana in New York.

Mon
01
Jun

California Puts Medical Marijuana Dispensaries in Catch-22 Situation

Pay taxes and/or die

California authorities are notoriously creative when it comes to wringing as much tax revenue as possible out of the state's businesses, yet are leaving real money on the table because of their failure to come up with a simple way for medical marijuana dispensaries to pay their tab.

Voters legalized this business 19 years ago with the passage of Proposition 215. But an uncertain federal legal status has complicated the matter since then. The state only collects a small percentage of the sales-and-use taxes these businesses owe, although a new program is attempting to address the imbalance.

Mon
01
Jun

Everyone Wants A Marijuana Breathalyzer But No One Knows If That's Possible

Right now it’s impossible to accurately enforce stoned driving laws, because there is no roadside test that can determine whether a driver is actually high.

Which is why many of the people checking out the Cannabix Technologies booth at the Marijuana Investor Summit in Denver last month were thrilled. Here, finally, in a hotel ballroom littered with men in suits hawking useless apps and grow-house accessories, was a product with real potential: a marijuana breathalyzer.

Mon
01
Jun

Daphne Bramham: Easier to buy a joint in Vancouver than a loaf of bread

City’s plan to regulate marijuana shops is a farce

My local dry cleaner is gone, replaced by one of the more than half a dozen “medical marijuana dispensaries” within a 10-minute walk from my home.

In another neighbourhood, a friend says it’s easier to get a joint than buy a loaf of bread or a litre of milk.

At last count, Vancouver had 84 cannabis stores. There’s one block in Granville Street’s entertainment district has two.

There are so many pot shops along many of the main streets that it’s almost impossible to believe that cannabis is illegal in Canada.

Their signboards are set out on sidewalks. Their posters are on utility poles. Some run ads in weekly newspapers.

Mon
01
Jun

Hemp History Week Remains Strong In 2015

With the total retail value of all hemp products sold in the U.S. exceeding $620 million in 2014, the Hemp Industry Association (HIA) and Vote Hemp will look to use the sixth annual Hemp History Week as an opportunity to grow and promote the hemp industry.

Throughout the country on June 1-7, Hemp History Week will be the host to more than 1,100 events that will involve documentary film screenings, cooking demonstrations, retail promotion, educational outreach, spring hemp plantings and hemp home building courses, according to the press release.

Mon
01
Jun

Hemp History Week Remains Strong In 2015

With the total retail value of all hemp products sold in the U.S. exceeding $620 million in 2014, the Hemp Industry Association (HIA) and Vote Hemp will look to use the sixth annual Hemp History Week as an opportunity to grow and promote the hemp industry.

Throughout the country on June 1-7, Hemp History Week will be the host to more than 1,100 events that will involve documentary film screenings, cooking demonstrations, retail promotion, educational outreach, spring hemp plantings and hemp home building courses, according to the press release.

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