Marijuana Business News

Synonyms: 
stocks
business
Tue
19
May

Startup jumping into pot testing industry

For the president of a food and animal testing lab, the marijuana industry is starting to look like a good investment.

Seth Wong and JJ Slatkin are putting $1.7 million into a new marijuana testing lab called TEQ Analytical Labs.

Wong, 34, is the president of Industrial Laboratories, where he’s worked since 2003. His family owns a majority of the 70-year-old Denver-based food and drug testing lab.

“We’re sitting here, watching the industry, and we realize that we’ve got these competitive advantages,” Wong said. “We have experience testing drugs, and we understand how to test raw materials like plants.”

Tue
19
May

Colorado to Ease Restrictions on MJ Investors

On May 6, 2015, Colorado legislators approved a measure that will ease restrictions on out-of-state investment in marijuana businesses.

Tue
19
May

Cannabis economics: should Europe legalize marijuana?

The legalization of marijuana in some States of the US has reopened also in Europe the debate about a potential similar move in the Member States of the European Union. Besides the ethical considerations that the issue of drugs inevitably brings to the fore, there is a number of economic aspects that should also inform this debate.

A 10 (or 60) billion Euros market

Tue
19
May

Want To Be The McDonald's Of Marijuana? Fat Chance

Right up there with most cannabis colleges and almost all publicly traded marijuana companies, I am always cautioning my clients about marijuana franchising. Do not be wooed by glitzy pitches of your becoming the new owner of the next “McDonald’s of marijuana.”

Tue
19
May

Few Banks, Credit Cards Want Marijuana Industry Business

Even though marijuana sales are legal to one degree or another in two dozen states, the business remains primarily a cash-based one where a buyer has to visit a physical location to make a purchase and the seller has no place to put the cash because most banks will not accept it.

The country’s biggest banks like JPMorgan and Wells Fargo will not accept deposits from businesses involved in the marijuana business, saying that because marijuana sales remain in violation of federal law they will not take the chance. Smaller banks have tried to serve marijuana businesses, but have run up against high reporting requirements and regulatory expenses.

Tue
19
May

It's Time. Marijuana Legalization Has Reached a Tipping Point

Multiple stories over the weekend spoke of the challenges facing states in the wake of recreational marijuana legalization in both Colorado and Washington.

The New York Times printed a story on the rise of edibles. Sure, before Colorado’s legalization for recreational use, you had the random story of pot brownies. Funny? Definitely, but it also had unintended consequences.

Today, commercialism has taken hold of the industry. Why sell just the buds when you can sell the entire plant? Extract the THC and infuse the butter in a variety of products.

Tue
19
May

Colorado Marijuana Legalization 2015: Fighting The Black Market And The Everyday Challenges ...

DENVER – It turns out selling weed is pretty hard. Contrary to popular belief, selling it legally, at least, isn’t all THC-infused lollipops and rainbows. Just ask David Schwartz.

The six-year cannabis-industry veteran came to Colorado in the '90s from Long Island, New York, after discovering Boulder on his way to a Rainbow gathering in Wyoming. For him, selling marijuana in a locale known around the nation for its liberalized pot laws is not just about counting money; it’s about taxes, regulatory compliance, inventory management, and above all, staying on the right side of Colorado’s “pot cops” -- the Marijuana Enforcement Division (MED).

Tue
19
May

Lessons for Ohio inside Colorado's booming pot industry

DENVER — Just outside of Downtown, far from the foothills of the Rocky Mountains, the Williams family is cultivating what they hope will become America’s next big consumer brand.

They’re so confident in the new venture that they’ve invested millions of dollars into new processes, equipment designs and their increasingly popular product: legal marijuana.

CEO of Medicine Man, Andy Williams, inside his office at his company's headquarters. Emily Maxwell | WCPO

“We’re on the bleeding edge of a new developing industry,” said Andy Williams, president and CEO of Medicine Man. “There are very few times in the history of the world where people have been able to do what I’m doing right now.”

Tue
19
May

Investing In The Sin Bin: Are 'Vice' Stocks Like Tobacco, Booze And Casinos Smart Bets?

Does morality matter in investing? Put another way, can amorality pay off?

Gerry Sullivan thinks it can. He manages the $298 million Barrier Fund (formerly known as the Vice Fund), which specializes in the types of stock that get a bad rap from morally-conscious investors and institutions.

Four of Sullivan’s top five holdings are in tobacco companies, and for all the hand-wringing over the health hazards of smoking – and the massive settlements the companies have coughed up – he still thinks the stocks are among his best bets.

Tue
19
May

NTRR Readies Solutions to Colorado's Crackdown on Cannabis Pesticides

Neutra Corp. (OTCBB: NTRR) will complete market testing this week on a new suite of products that could help cannabis growers avoid Colorado’s crackdown on pesticides.

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