Marijuana Business News

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Wed
18
Mar

Hemp-oil sales begin, despite medical-marijuana ban

Boris Shcharansky stresses that he's no outlaw.

The Urbandale businessman is selling what he calls hemp oil — made from a plant that is closely related to marijuana. He knows his customers are using the oil to treat chronic ailments. But he swears he's not peddling medical marijuana before Iowa lawmakers decide whether to legalize such sales.

"I'm not hiding in the shadows with this," he said. "I'm totally out in the open."

Wed
18
Mar

Canna-Pet(TM) Announces Availability on Amazon and April Launch of New MaxCBD Canna-Biscuits

BOULDER, CO--(Marketwired - Mar 17, 2015) -Peak Pharmaceuticals, Inc. (OTCQB: PKPH) (the "Company"), and Canna-Pet, a leading innovator of over-the-counter cannabinoid products for animals, are pleased to announce the launch of the Canna-Pet™ product line on Amazon Services, LLC ("Amazon") and the upcoming release of a newly formulated dog treat to extend the popular Canna-Biscuit product lineup.

Tue
17
Mar

A local government in Wash. state tries to corner the marijuana market

NORTH BONNEVILLE, Wash. — Deep in the Columbia River Gorge, a short drive from the Bridge of the Gods, the nation’s only government-run marijuana shop was running low on weed.

The store had been open for just a few days. Inside, manager Robyn Legun was frantically trying to restock. Outside, five customers stood waiting for the doors to open. Someone cracked a joke about this being a typical government operation, always running late.

Tue
17
Mar

Nosh Pit: Interest in cannabis cuisine reaches new high

Marijuana. It’s what’s for dinner.

It could come in the form of “pot” roast or a “rasta pasta” with cannabis-infused pesto. Or for those feeling a little too lazy to cook, a pre-made, pot-laced pizza can be baked in the time it takes to hear the first three songs on Pink Floyd’s “Dark Side of the Moon.”

Tue
17
Mar

Canada: Mettrum Launches Industry First Physician Portal and Provides Business Update

TORONTO, ONTARIO- Mettrum Health Corp., a vertically integrated producer and distributer of medical cannabis products, is pleased to announce the launch of its new Physician/Client Portal and online store. 

Physician/Client Portal and Online Store Latest Applications Developed by Mettrum to Help Create Responsible Dialogue and Visibility Throughout the Prescription Process:

Tue
17
Mar

Reedsport voters will decide marijuana taxes

The Reedsport City Council voted to approve taxes on marijuana sales, when those sales become legal, but voters in the city will have to approve those taxes.

Measure 10-136 will appear on the May 19 ballot.

“Before Measure 91 passed,” Reedsport City Manager Jonathan Wright said, “the City Council passed an ordinance that would institute a tax ... 5 percent on medicinal, 10 percent on recreational. Because of the city's charter, as amended in 2010, it cannot be imposed until ratified by a vote of the people.”

Mon
16
Mar

"Rolling Papers" film on legal pot in Colorado gets distribution deal

"Rolling Papers," Mitch Dickman's documentary about the dawn of legal marijuana in Colorado and The Denver Post's coverage of the related cultural and business developments during the first year, has landed a worldwide distributor.

Alchemy on Monday announced the deal after the film's premiere at South by Southwest in Austin, Texas.

Mon
16
Mar

Colorado's marijuana money problem will be difficult to solve

Colorado has a serious pot money problem.

And it's not that it's being laundered.

The state is on track to have to refund the revenue it generates this fiscal year from two voter-approved retail marijuana taxes: the 10 percent sales tax and 15 percent excise tax were intended to pay for school building construction and the enforcement and regulation of the drug's new market.

COLORADO MARIJUANA TAXES

Ballot projections; FY2014-15 to January

15 percent excise tax: $27.5 million; $12.7 million

10 percent sales tax: $39.5 million; $24.9 million

State spending without new taxes: $12.08 billion

State revenue from the new excise and sales tax: $67 million; $37.6 million

Mon
16
Mar

Medical Marijuana: Who Will Win The Right To Run The Government’s Only Marijuana Farm?

The only federally-approved fields of marijuana in the United States are currently located on the U.S. government’s 12-acre marijuana farm at the University of Mississippi, which has supplied researchers with the drug since 1968. But a new contract to name the official operator of the farm, who will be tasked with growing pot for all the researchers who want to study it over the next five years, will be announced by the end of March. The government's exclusive contract with the University of Mississippi to grow legal cannabis expires on Sunday, and the National Institute on Drug Abuse could choose to move the farm elsewhere.

Mon
16
Mar

California - Marijuana seminar attracts "ganjapreneurs"

San Diego — A group of “ganjapreneurs” looking to break into the budding business of marijuana attended the Cannabis Career Institute seminar Sunday.

Attendees shelled out about $300, which includes the cost of a state-specific text book, to attend the daylong course at a downtown hotel. The curriculum included a handful of speakers who taught different aspects of the marijuana industry — from growing the plant to starting a cannabis business, to navigating the legal and regulatory requirements for the ventures.

Many attendees came with ideas of their own.

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