Marijuana Business News

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business
Wed
08
Apr

Washington State's Road To Legal Marijuana Strewn With Potholes

Taxes are too high, competition from medical marijuana too great and the bureaucracy is overwhelmed by the volume of applications -- the perfect recipe for a robust black market

The highs, and lows, of legal marijuana

Amber McGowan surveys the clutch of customers milling around the three counters in her tiny marijuana retail outlet and nods approvingly – pot is hot.

Men and women who appear to be mostly over 50 consider products with names such as Headband, Skunk, Banana Kush and THC Bomb. A five-pack of oatmeal cookies that are nothing like the ones your mother used to make go for $42 (U.S.). Behind a glass enclosure there are bongs of every colour and description. Psychedelic renderings grace the store’s wood-panelled walls.

Wed
08
Apr

Marijuana trimmers can move into jobs that make $90000

Not feeling the unpaid internship? There’s an alternative in states like Colorado.

Marijuana bud trimmers can make a starting salary of $12 to $15 an hour, The Associated press reports. Successful employees might eventually become gardeners or concentrate makers and take home as much as $90,000 a year.

The work entails trimming away the leaves from the marijuana plant and needs to be done by hand, using small scissors.

People think it’s a job for stoners, but it’s not, according to 32-year-old Brittny Houghton, whose family owns a dispensary in Colorado.

Wed
08
Apr

Pot-friendly B&B deepens its roots

A block down Colfax from High Street sits a B&B where bed and breakfast goes hand-in-hand with bongs and buds. And it’s about to become a more permanent fixture in the pot tourism scene.

Hospitality management newcomers the MaryJane Group plan to close on a deal to purchase the Adagio Bud & Breakfast for $1.5 million on May 15. The company – which has leased the Adagio since April 2014 to test out the viability of its “canna-lodging” hospitality concept – is purchasing the property to run it permanently.

New York native Joel Schneider, CEO of the MaryJane Group, is the mastermind behind the Bud & Breakfast model.

Tue
07
Apr

Abba Medix Signs Letter of Intent to Acquire Redecan for $11,000,000 in Cash and Shares.

TORONTO, ONTARIO--(Marketwired - April 6, 2015) - Abba Medix Corp., ("Abba Medix", a wholly-owned subsidiary of Saratoga Electronic Solutions Inc., "Saratoga", or the "Company") (CSE:ABA) is pleased to report that it has entered into a Letter of Intent with 9037136 Canada Inc., operating and known as Redecan Pharm ("Redecan"), a Health Canada licensed producer and distributor of medical marijuana.

Redecan is focused on developing premium quality medical marijuana products and is a licensed producer and seller, able to cultivate marijuana under the Marihuana for Medical Purposes Regulations ("MMPR") in Canada.

Tue
07
Apr

Industry group says restaurants should be allowed to sell beer to go

TORONTO -- The people who own restaurants, bars and pubs in Ontario have an idea to give consumers another option to buy beer -- so-called "off sales" from their establishments.

The industry group Restaurants Canada says six provinces, including Quebec and British Columbia, already allow restaurants and bars to sell beer for home consumption as part of their liquor licences.

Restaurants Canada vice-president James Rilett says staff in restaurants and bars are trained to sell alcoholic beverages, and calls the idea of "off sales" a natural evolution in Ontario's retail system.

Rilett says "off sales" would also mean wider distribution for craft and micro brewers who complain about their limited access to the LCBO and Beer Store.

Tue
07
Apr

Morris grower sowing seeds in medical cannabis

LINCOLN PARK – A longtime family agriculture business in Morris County has partnered with a publicly-traded corporation to enter a new growth business — medical marijuana.

The VandeVrede family business began in 1973 with a small farm in Lincoln Park and expanded over the decades to the popular Gro-Rite Greenhouse and Garden Center on Hillview Road near the Lincoln Park Airport. That property includes about 25 acres of land and a greenhouse covering three-quarters of an acre.

Tue
07
Apr

The First Weed Tech IPO

This week, Mass Roots—a sort-of Facebook for weed lovers—will be one of the first canna-businesses to go public.

Depending on your appetite for certain leafy psychoactives, you may or may not be aware of the quiet revolution that is happening with marijuana-based social media apps. From dating sites like High There and My420Mate to invite-only networking platforms like KushCommon, a recent David and Goliath-like victory from one of their kind has opened the floodgates.

It all started when Mass Roots, an upstart “Facebook for stoners,” took on the mighty Apple after being banned from the app store last November and, somehow, managed to beat the behemoth.

Tue
07
Apr

Tommy Chong to be face of pot test team

Carlsbad's BudGenius excited at celebrity tie-in; but cannabis group shies from stoner image

A Carlsbad-based company that tests and profiles medical marijuana strains has teamed up with one of America’s best-known stoners.

BudGenius — which doesn’t sell pot, but provides quality-control testing and related services for dispensaries and consumers — announced this week it has acquired the licensing rights to a line of cannabis-related products endorsed by actor/comedian/marijuana activist Tommy Chong.

Chong, 76, is best known for a series of “Cheech & Chong” comedy albums and films he made with Cheech Marin in the 1970s and early ‘80s. The duo’s success was largely based on jokes about their love of marijuana.

Tue
07
Apr

Bud and Breakfast: The Booking Engine for Marijuana Tourists

Bud and Breakfast has emerged as a pioneer of the marijuana tourism industry, launching the first booking engine on the web designed to help travelers find cannabis-friendly accommodations.

Search results will return available accommodations in places that have legalized marijuana for medical and or recreational use, including U.S. states like Alaska, Colorado, Oregon and Washington as well as foreign countries like Jamaica, The Netherlands and Uruguay.

Since consuming cannabis in public remains illegal, Bud and Breakfast features apartments, cottages and houses were travelers can stay and use marijuana in private. 

Tue
07
Apr

Hemp's outlook has backers seeing green

NoCo Hemp Expo draws 1,000-plus to second annual event at The Ranch

Justin Petty of Los Angeles isn't too keen on laundry, so he likes to wear his T-shirts for a week.

Petty can wear the shirts multiple times made by the company he co-owns called Recreator Hemp Apparel, because of their material: hemp. Hemp is twice as durable as cotton and is hypo-allergenic and microbial, which prevents the buildup of odor, he said.

"We like to think of hemp as having the performance capacity of synthetics, but it's natural," Petty said.

Recreator Hemp Apparel, a KickStarter project that launched a year ago, imports the fabric from China because of legal issues and then cuts, dyes, sews and prints its line of T-shirts in Los Angeles.

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