Marijuana Business News

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Mon
23
Feb

Marijuana Investing Update – Here Comes the Judge!

To be a good investor you have to know about the company, the industry, the macro-economics, and the legal context in which the investees operate.

If you’ve been following the MMPR (Marihuana for Medical Purposes Regulations) licencing story, you know it’s been a confounding morass of stumbling fits and starts. No jurisdiction in the world has gotten it right from the beginning, and we can add Canada to that list. Investments in public MMPR applicants or licence holders have been frustrating at best, a shocking loss of capital at worse.

Mon
23
Feb

Canadian Securities Regulators' Review Finds Medical Marijuana Business Disclosure Deficient

TORONTO, Feb. 23, 2015 /CNW/ - Members of the Canadian Securities Administrators (CSA) today released CSA Staff Notice 51-342 Staff Review of Issuers Entering Into Medical Marijuana Business Opportunities, which summarizes the CSA's findings and disclosure expectations for reporting issuers contemplating involvement inCanada's medical marijuana industry.

The CSA's review aimed to determine if reporting issuers were meeting the requirements of National Instrument 51-102 Continuous Disclosure Obligations, in providing sufficient and balanced disclosure on their intent to enter the medical marijuana field.

Mon
23
Feb

Pot bank decision appears headed to Fed board

The decision of whether a Colorado credit union created just for the marijuana industry can open its doors ultimately could come from the nation's top financial policymakers.

Although the board of governors of the Federal Reserve System in Washington, D.C., typically does not involve itself with local issues handled by the nation's 12 regional reserve banks, a bank solely for marijuana money appears to be a different matter.

Whether the state-chartered Fourth Corner Credit Union gains a critical master account to operate is a determination already removed from bureaucratic hands at the Federal Reserve Bank of Kansas City, the regional banking home of several states, including Colorado, according to several people familiar with the process.

Mon
23
Feb

King of cannabis Nevil Schoenmakers stages a quiet comeback

In the hazy halls of marijuana folklore, one name reigns supreme: Nevil Schoenmakers.

The reclusive Australian/Dutch dual national's work breeding and improving the genetics of plants made him a legend among cannabis users in the 1980s, as his potent and hardy varieties become the basis for most of the strains widely used around the world today.

But after fleeing United States government attempts to extradite him from Australia to face a raft of drug-related charges, Schoenmakers vanished - until now.

Sun
22
Feb

Jamaica UTech partners with Ganja Labs USA

BALRAM Vaswani chairman and 'chief ganja officer' of Ganja Labs USA and the University of Technology, Jamaica (UTech) on Monday, February 16 signed a three-year agreement to develop high-quality ganja strains.

It forms the latest drive to formalise the medical ganja industry. The strains would grow under controlled indoor and outdoor conditions. But both parties offered no immediate plans to sell the drug as it still awaits clearance to grow it legally.

Sun
22
Feb

Pot Policy Splits Native Americans Over Whether Business Is Worth It

When it comes to marijuana laws, the Justice Department is now treating American Indian tribes the way it treats states that have legalized pot: by backing off on enforcement.

The move, announced in December, has inadvertently sparked interest in the marijuana business. While many see dollar signs, others worry about contributing to the impact substance abuse has already had on Indian Country.

Sun
22
Feb

Holland's New Marijuana Laws Are Changing Old Amsterdam

The last time Derrick Bergman came to Amsterdam to buy cannabis, he did so behind a locked door with a long, thick curtain obscuring his activity from the canal-lined residential street outside, in the quiet Lastage neighborhood. The secretary of the Netherlands’s Union for the Abolition of Cannabis Prohibition, Bergman comes here to weekly gatherings of a two-month-old—and seriously clandestine—“cannabis social club” called the Tree of Life, because it’s the only place in town he can find one of his favorite strains: Super Silver Haze.

Sun
22
Feb

Two Bills Introduced in Congress to Legalize and Legitimize Marijuana on a Federal Level

Washington, D.C. – Two bills were introduced on Friday, February 20, in the U.S. House of Representatives, that would legalize and tax adult-use marijuana federally.

U.S. Rep. Jared Polis introduced H.R. 1013, the “Regulate Marijuana Like Alcohol Act.” The bill calls for states to be allowed to choose to legalize cannabis if they choose without having to worry about repercussions from the federal government.

The bill would also create a new regulatory structure by removing marijuana from the Schedule set by the Controlled Substance Act. Currently, cannabis is considered a Schedule 1 drug, which classifies it as having “no currently accepted medical use.”

Sun
22
Feb

Tommy Chong at CannaCon

Entertainer, entrepreneur and cannabis celebrity Tommy Chong appeared this week at the opening of Seattle’s CannaCon, billed as the nation’s largest marijuana-related trade and seminar show.

With a message more hymn than manifesto, Chong held a brief news conference Thursday afternoon to discuss the medical and social benefits of pot, to promote the value of drinking water and to relate his own experiences both in show business and prison.

He also came to promote a series of cannabis-related products that bear his name, including a hemp-infused beverage, a vaporizer, a marijuana grinder and “smoke swipes” that can remove the reeks and fumes of marijuana from clothing and other surfaces.

Sun
22
Feb

Charlotte’s Web rule-making merry-go-round continues

The Florida Department of Health will hold a public hearing March 2 in Tallahassee for a proposed rule on a medicinal marijuana law.The rule was produced by a two-day negotiated rule-making workshop DOH held earlier this month with growers, cannabis business representatives and patient advocates.

Medicinal marijuana is available in nearly half of the country but Florida’s Compassionate Cannabis Medical Act of 2014 has been held up by a court challenge with growers and regulators unable to agree on rules to provide epilepsy and cancer patients with cannabis oil to treat their illness.

DOH confirmed Thursday a request for a hearing to discuss the proposed rule published Feb. 6. A spokesman said more details would be forthcoming.

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