Marijuana Business News

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Fri
19
Jun

Pot Bars in Denver?: Inside "Limited Social Marijuana Consumption Initiative"

Our coverage of 4/20 weekend raids at two Denver marijuana clubs highlights a continuing area of concern for cannabis activists: While locals and visitors can legally consume pot recreationally in Denver, they aren't allowed to do so in social settings outside private homes.

Now, Mason Tvert and attorney Brian Vicente, the two most prominent proponents of Amendment 64, the 2012 measure that made limited legal recreational marijuana sales legal in Colorado, are prepping a new Denver ordinance expected to be called "The Limited Social Marijuana Consumption Initiative."

Fri
19
Jun

Medical marijuana ruling on edibles boosts business

Last week’s ruling by the Supreme Court of Canada that legalized medicinal marijuana edibles boosted business for one local cannabis candy producer.

 “As soon as it happened on Thursday [June 11], our phone started ringing off the hook from different dispensaries across Canada wanting to get our product into their stores,” said Michelle Sikora, who owns and operates S&M Medicinal Sweet Shoppe with her husband Doug out of their home in Selma Park.

“People are asking us, ‘How much can we get and how fast?’”

The Sikoras have been making and selling organic marijuana edibles, teas, tinctures, lotions and oils for two years through a mail-order process that, until now, they say, has operated “in a grey zone” pending the outcome of the Supreme Court case.

Fri
19
Jun

Oregon Medical marijuana dispensaries ask legislators for lifeline to recreational pot market

SALEM-Medical marijuana dispensary owners pleaded Thursday with legislators to allow them to sell to recreational pot users once the drug becomes legal on July 1.

"We don't know a single dispensary doing well in this over-saturated market," said Meghan Walstatter, who along with her husband Matt owns a dispensary in Northeast Portland.

She called early sales of recreational marijuana a "much-needed lifeline" for the dispensaries.

The Oregon Health Authority has approved licenses for 310 dispensaries and another 93 are pending, according to a June 12 tally

Fri
19
Jun

Weston, Raiser at odds over Marijuana ruling

John Weston is not pleased with the medical marijuana ruling by the Supreme Court of Canada last week.

The ruling, which came down June 11, means medical marijuana patients will be able to use edible marijuana and other extracts and derivatives, in addition to being able to smoke it.

“It is unfortunate that judges feel they can displace Health Canada as our health regulator and decide what drugs are medicines,” said Weston, Member of Parliament for West Vancouver–Sunshine Coast–Sea to Sky Country.

“Never before in Canadian history has a drug become a medicine just because judges said so.” 

Weston said the ruling also sends a misleading message about the potential dangers of marijuana. 

Fri
19
Jun

Industry Experts Launch Premier Online Radio Network for Cannabis Industry

SCOTTSDALE, Ariz.--(BUSINESS WIRE) -- CannabisRadio.com announces the launch of the Internet’s premier radio network committed to delivering insightful, educational and compelling cannabis content.

Fri
19
Jun

Tikun Olam Announces Its First US Partnership

Tikun Olam Announces Its First U.S. PartnershipIsrael's Leading Producer of Medical Cannabis Enters Into Exclusive Partnership in New York State with Compassionate Care Center of New York; Reunites with Canadian Partner MedReleaf

Fri
19
Jun

Why Focusing on Employee Happiness Boosts Your Bottom Line

John Stix founded what may be one of the happiest companies in Canada. And thanks to the Plasticity Labs app he has the data to prove it: average happiness scores at his company, Fibernetics, hover in the high 80s to low 90s—impressively chipper stats.

Stix’s description of his corporate headquarters in Cambridge, Ont., makes Google’s fun-seeking campus sound dull. (“Let’s see, when do we have craft classes?” he says, mulling the in-house schedule. “Is it Thursday? Oh no, that’s boxing club.”)

Thu
18
Jun

Simplified Capital Connects Cannapreneurs With Capital

If you’re an entrepreneur, and your company isn’t quite ready for potential investors, how do you acquire financing? For regular businesses, getting a loan from a bank or financial institution is the most straightforward answer, but that’s not always an option for those in the marijuana industry. Most banks won’t even open bank accounts for marijuana businesses, much less provide a loan to one.

Those in the marijuana industry looking for financing, more often than not, have to get creative when it comes capital; and it is exactly those kinds of people that Simplified Capital Founder Phillip Stuart is looking to help.

Thu
18
Jun

Why You Need to Get Better at Failing

Ashley Good stood on stage, her arms spread above her head in a Y formation. Hundreds of people stood in front of her in the same stance. And then, in unison, they all chanted “How Interesting!”

Thu
18
Jun

Denver tourist spending sets record, but no credit given to allure of weed

 

It’s time to ditch that “Gateway to the Rockies” label. Denver is a bona fide destination, besting Colorado’s ski resorts as a top draw for vacationers.

A record 15.4 million overnight vacationers and business travelers visited Denver in 2014, spending a record $4.6 billion — two benchmarks among several in which the city logged gains at double or triple the national average.

Since Denver voters in 2005 approved an increase in the city’s lodging tax to bolster tourism promotion, the number of leisure travelers lured to Denver through marketing has grown 65 percent.

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