Marijuana Business News

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Mon
11
May

There's More to This Company Than Marijuana

Since last summer, enthusiasm surrounding marijuana's potential as a treatment for epilepsy has led to investors more than doubling their money in Insys Therapeutics (NASDAQ: INSY  ) .

Insys Therapeutics is one of the only publicly-traded companies pursuing the development of prescription drugs based on the chemical cannabinoids found in marijuana, but the reasons for owning shares in the company stretch far beyond its marijuana program.

Mon
11
May

Colorado investigating Breckenridge marijuana dispensary after arrests

The former owner of a Breckenridge medical marijuana center is out on bond and awaiting a grand jury decision after attempting to sell 100 pounds of Colorado-grown marijuana to an undercover police officer in Tennessee.

Christopher Crumbliss, 39, was arrested on Nov. 20 last year in Nashville. He and two accomplices, including former Frisco resident Tasha Desmond, 21, were caught in a local sting operation that netted 425 pounds of marijuana worth roughly $1.7 million, according to Nashville police.

Mon
11
May

New Frontier’s Data Delivers Actionable Intelligence

“We’re way past ‘back of the envelope,’ now,” said Giadha Aguirre DeCarcer, Founder and CEO of New Frontier Financials. “The marijuana industry is here to stay, and transparency and hard data on which to base future decisions are absolutely necessary for the healthy and successful development of the sector.”

Mon
11
May

Hawaii Medical marijuana dispensary law will face challenges

If a bill that sets up a medical marijuana dispensary system in Hawaii becomes law, the state’s Department of Health will have about a year to come up with administrative rules. Currently, the bill sits on Gov. David Ige’s desk after being passed by members of the state House and Senate earlier this week.

Under the proposed law, eight medical marijuana dispensary licenses will be issued; three on Oahu, two each on the Big Island and Maui County, and one on Kauai. Under the proposed program, each licensee can have two retail locations, for a total of 16 statewide.

Mon
11
May

Marijuana and forest bathing: Wildest new trends in the wellness world

(CNN)Walking in the woods, cannabis day spas and rolling around in sand.

These are just a few of the hottest trends in wellness according to SpaFinder Wellness 365, which claims to be the world's largest spa media and marketing company.

But which trends will turn out to be fads and which will stick?

Strange as they sound, it's worth remembering that some pretty odd wellness practices have come and gone through the ages.

Cleopatra indulged in milk baths and mud treatments -- variations of which can still be enjoyed today.

For some reason, though, bloodletting and leeches didn't manage to survive the test of time.

Sun
10
May

What You Should Know About Medical Marijuana for Pets

Be sure to consult your veterinarian first

Now that 23 states have given medical marijuana the green light (with even recreational use now allowed in another four states and Washington D.C.), growing weed has become a growing business. The newest frontier: getting Fido and Fluffy on board with the cannabis revolution.

Relax. We’re not talking about rolling doobies with your dog, or seeing “pretty colors” with your cat. Nope, these are cannabis-containing edible treats and capsules that are meant for sick or aging pets.

Sat
09
May

What Ordinance 925 means for Greenhouse Marijuana Cultivation in Anza

Anza and Aguanga have multiple greenhouses. This aerial view photo depicts one in Aguanga.

At a recent Q&A session with members of Riverside County Sherriff’s Department on March 13, members of the Anza community expressed concern with the recent growth of greenhouses that are cultivating Marijuana in their neighborhoods.

These community members expressed concern about the smell when it is being harvested, the numbers of greenhouses being put on a parcel of land without legal dwellings and fear regarding the potential of more crime being generated as a result of the cultivation. Many expressed confusion regarding how someone can legally grow that many plants and not face legal penalties.

Sat
09
May

A Strategic Breakdown of Business Investment Tiers

If you’re looking to fund your cannabis startup or have an exciting new product that you’re sure is going to rock the market, there are a few things you should know first. Money comes in different flavors. And, investors, depending on their taste, are more likely to fund some ventures than others.

But that doesn’t necessarily mean your project needs to be strictly unique or innovative to get funded.

There are equity lenders and debt lenders. Most new entrepreneurs think of equity investors when they think of financing. An equity investor gives you money to make money, based on, among other things, how intriguing your project might sound. Of course, you will also need a solid business plan, assets and an exit strategy.

Fri
08
May

Kansas House passes bill on marijuana penalties, medical use

The Kansas House passed a bill Thursday that would decrease penalties for marijuana possession, allow the limited production and sale of hemp oil and study uses for industrial hemp.

The House also passed a compromise on green energy policy, and lawmakers considered new tax proposals as they seek ways to fill a budget gap of about $422 million before the close of the session.

The chamber's 81-36 vote Thursday sends the marijuana bill to the Senate for consideration. First- and second-time marijuana offenders without serious prior convictions would avoid jail time under the measure. That would decrease the population in the state's overcrowded prisons and save more than $1.7 million over the next two fiscal years, according to state estimates.

Fri
08
May

Consolidating and cashing in on medical marijuana

Marijuana legalization is likely far off in New Mexico, but you wouldn’t know it from the way some businesses are acting.

Recent news of a Canadian company’s encroachment into Santa Fe spawned backlash from those critical of an out-of-state, out-of-country company attempting to get a piece of New Mexicos’ medical marijuana industry.

Last month, Toronto-based Nutritional High announced that it would be acquiring 51 percent of shares from and assuming management operations of Sacred Garden, a Santa Fe nonprofit medical marijuana producer that’s been operating for nearly five years.

The plan drew immediate backlash from patient advocates and others in the industry.

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