Marijuana Business News

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business
Wed
20
May

GW Pharma Appoints New NA President and Moves CEO to USA

London, UK, 19 May 2015: GW Pharmaceuticals plc (Nasdaq: GWPH, AIM: GWP, “GW,” “the Company” or “the Group”), a biopharmaceutical company focused on discovering, developing and commercializing novel therapeutics from its proprietary cannabinoid product platform, announced that the Company has appointed Julian Gangolli as President, North America and is also relocating its Chief Executive Officer, Justin Gover, to the United States.

Wed
20
May

Dan Humiston: Creating the International Cannabis Association

We recently had the pleasure of interviewing Dan Humiston, founder and president of the International Cannabis Association, who represents a large demographic of hopeful entrants to the cannabis industry. While there are plenty of people across the U.S. who are looking to transition from a black market cannabis career to owning a regulated business in the legal industry, there is also much interest from people who see cannabis purely as a business opportunity and who may have never grown–or even consumed–it themselves.

In this interview, Dan talks about how he made the choice to transition from his successful career as a business owner to founding a cannabis business association, and what he predicts the future holds for the legalization movement.

Wed
20
May

Cannabis Sector Evolving in Dog Years

“Revolutionary,” “history-making” and a “unique opportunity” were among the many catchphrases and adjectives repeated by the attendees of the Marijuana Investor Summit in Denver, April 20-22, 2015. However, “dog years” was the most appropriate term used to describe the cannabis sector years, considering how fast it is evolving. The metaphor of dog years could present an interesting yet positive paradox for small investors, especially those interested in long-term investments.

Wed
20
May

First-of-its-kind Incubator Helps Pot Startups Grow

A new business accelerator is helping startups find their way in the new legal pot market. Canopy, a Boulder-based incubator for pot entrepreneurs, is the first of its kind, reports CBS News correspondent Barry Petersen.

Nearly a year and a half after recreational pot became legal in Colorado, there are now 550 retail stores, with dozens of big players, and even the business of marijuana can use a boost from some seed money.

English-born Harvard MBA graduate Roy Bingham, who worked in the banking industry, moved from Rhode Island to Boulder, Colorado, to be in the prime spot for a new venture.

He plans to analyze and sell sales data so pot shops know what's hot and what's not.

Wed
20
May

Uruguay Plans to Issue Marijuana Licenses in 2015, Official Says

 

Uruguay plans to issue commercial growing licenses this year to produce recreational marijuana for distribution through the country’s pharmacies, a senior government official said Tuesday.

“We are working on that,” Milton Romani, secretary-general of the National Drugs Board, told reporters Tuesday in Montevideo. “Assigning licenses to produce a complicated substance isn’t child’s play.”

Wed
20
May

Marijuana tracking system maker sues rival over publicity materials, putdowns

A Lakeland company behind Colorado’s tracking system for marijuana plants has accused a competitor of deceptive business practices.

Lawyers for Franwell say BioTrackTHC, based in Ft. Lauderdale, lies in publicity material and lies about Franwell in the media and communications to state regulators.

The purpose, according to documents filed by Franwell in federal court May 11, is to interfere with the Lakeland company’s $1.5 million Colorado contract and to sway officials to choose BioTrack for a competitive contract in Jamaica.

Wed
20
May

Allan Rock, president of U of Ottawa, involved in medical marijuana business

University of Ottawa president Allan Rock and his family are behind a budding new business venture – now all they need is a licence from the federal government to grow medical marijuana.

Corporate documents obtained by Metro show Rock, his wife Deborah Hanscom and their two children have started a business called RockGarden Medicinals Inc.

On its website, the company says it aims to become “a trusted supplier of premium medicinal marijuana.”

Before they can do that, though, Health Canada needs to grant them a licence to grow medical marijuana – something Hanscom, who is the company’s chief executive officer, says is still up in the air.

Wed
20
May

Cannabis Advertising Lawsuits: Coming Soon To A Court Near You

In Miller/Coors Sings the Blues over Craft Beer Lawsuit, All About Advertising Law discusses a recent deceptive advertising lawsuit against Miller/Coors. The lawsuit alleges Miller/Coors seeks to mislead the public into believing that its Blue Moon beer is a “craft” beer, in part through its intentional omission of the Miller/Coors name from product labels. The article discusses how the “alcohol industry has been a prime target” for such lawsuits, noting cases against Tito’s Handmade Vodka, Maker’s Mark, Jim Beam and Templeton Rye.

Wed
20
May

Hoosiers crowdfund for marijuana access as neighbor states legalize

INDIANAPOLIS – Jennifer Perkins says she feels like she’s on a roller coaster – even while standing still.

Perkins suffers from tuberous sclerosis, a medical condition that’s left small, potato-shaped tumors all over her body, including her brain and kidneys.

Perkins, who shared copies of her medical records with I-Team 8, believes the tumors might be the source of her frequent dizzy spells and seizures.

Her husband, Aaron, posted videos of Jennifer to the online crowdfunding website GoFundMe. The videos, he says, show Jennifer having seizures in their Indianapolis home.

Wed
20
May

SC mom legally making and selling strain of medical marijuana

South Carolina - We can't tell you where in South Carolina we are reporting this story. It's down a dirt road, near horses and smack in the middle of a large field.

“I'm building my company here,” Janel Ralph says. “I think it'll be up and running in maybe six months.” She laughs, “But I'm an optimist. I guess I can't say exactly on the timeline.”

Janel Ralph's company is called Palmetto Synergistic Research. She'll be manufacturing hemp cannabis, legally, in South Carolina. She's cultivating them to have specific genetics. What she's making will be high in CBD – the part of the plant that is calming – and to have very little to no THC - the part of the plant that gives you that euphoric “high” feeling.

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