Marijuana Business News

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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.

Wed
20
May

Pot grows playing pivotal role in tight Denver industrial real estate market

Job growth and pot growth are fueling record high lease rates and low vacancies in Denver’s industrial real estate market.

“Competition for industrial space in the Denver market is very aggressive,” said Dawn McCombs, senior vice president and industrial specialist at the Denver office of brokerage Avison Young. “The lack of quality options for tenants is driving rental rates higher than I have ever seen.”

Avison Young’s market report released this week shows that first-quarter lease rates averaged $7.47 per square foot, up 10 percent from a year earlier and the highest ever recorded for metro Denver.

Wed
20
May

Young Professionals: How To Navigate Your Future In Cannabis

The Interview

“Where do you see yourself in five years?” Cue blank stare and mild internal panic. This is possibly the most cliché question to be asked in a modern day job interview, but a question nevertheless, that I have not once been able to answer honestly as a young professional seeking to be in the cannabis industry.

Wed
20
May

Incubator helps budding marijuana businesses 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. As Barry Petersen reports, even the business of marijuana can use a boost from some seed money.

Wed
20
May

Surrounded by hemp: Plan to use Colorado crop for building insulation

Colorado’s nascent hemp industry may get a boost from a grower’s plan to use hemp stalks for insulation. Baca County farmer Ryan Loflin said Monday he has formed a partnership with Hollis, Okla.-based Western Fibers for combining processed hemp stalks with recycled newspapers and cardboard to create wall and ceiling insulation.

Hemp is genetically related to marijuana but contains little or no THC, the psychoactive substance in marijuana. Hemp has dozens of uses in food, cosmetics, clothing and industrial materials.

Wed
20
May

Chicago firm withdraws suit over marijuana permit

A Chicago company announced Monday it has withdrawn the first lawsuit against the state challenging the way officials dispensed medical marijuana business licenses.

PM Rx LLC said in a statement it has agreed to dismiss all its claims against the state and a rival company, Cresco Labs. Cresco had won a permit to grow medical marijuana in a state police district that covers Ford, Iroquois and Kankakee counties, but PM Rx challenged the way the Department of Agriculture issued permits.

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