Marijuana Business News

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Mon
20
Apr

4/20: The Blunt Truth About Marijuana & Taxes

There was a time when the term 4/20 drew either blank stares or giggles. The term, which refers to marijuana, has become more mainstream in recent years and April 20, once considered a counterculture holiday, is actually trending on Twitter. The reality is that marijuana doesn’t have the same taboo as it did before. That’s largely thanks to legalization.

Mon
20
Apr

MinnMed raises $16.6M ahead of medical marijuana dispensary openings

Minnesota Medical Solutions (MinnMed) has closed on $16.6 million in capital as it prepares to open medical marijuana dispensaries this summer.

The Edina-based startup is one of two licensed medical marijuana growers in the state. MinnMed raised the funding from individual investors, most of whom live in Minnesota, said CEO Dr. Kyle Kingsley.

The 20-employee business was able to raise capital quickly, he added.

"There was pretty dramatic support," Kingsley said.

Mon
20
Apr

5 companies with the biggest buzz in the marijuana industry

Today is April 20, aka 4/20, the semi-official annual holiday for the marijuana industry and pot-enthusiasts around the world.

People flock to public celebrations across the country that, in some cases, attract crowds of thousands. Pot-related businesses also show off their products.

Mon
20
Apr

Will hash be legalized in Egypt? Debate heats up

Heated debate has ensued since the Cigarettes Dealers Association submitted an official request to legalize hash.

Fierce criticism of Osama Salama, chairman of the association and sponsor of the campaign, is paralleled with strong support for the initiative.

While the first camp views calls for legalization as implicit encouragement of addiction, the second stresses the financial benefits of such a move, especially in light of the high rates of consumption among Egyptians.

Salama says his request is purely pragmatic: “Hash is already widely consumed in Egypt. We might as well make it legal.”

He says the state will save billions annually if hash becomes legal.

Mon
20
Apr

Willie Nelson Launches His Own Brand of Marijuana On 4/20

 

Are marijuana labels the latest celebrity-owned wine or liquor brand? Maybe not, but at least one legend is getting into the game that Snoop Dogg is part of. Willie Nelson announced on April 20 (a celebratory day for stoners everywhere) that he’s launching Willie’s Reserve, a high-quality brand of marijuana, grown in Washington and Colorado.

Mon
20
Apr

Here's the only pot stock worth owning

This is pot's $3 billion banking problem The marijuana business is attracting a lot of interest from entrepreneurs, venture capitalists -- and consumers -- in states where pot is legal for recreational and/or medicinal use.

There are even dozens of publicly traded pot stocks. But should you buy any of them? Probably not ... unless you don't mind seeing your portfolio do a Cheech and Chong and go up in smoke. (Sorry.)

Many of the companies are trying to attract investors with goofy names and ticker symbols that make it obvious they're in the pot business.

Mon
20
Apr

High-tech marijuana vending machines coming to Vancouver

Vancouver-headquartered Kaneh Bosm (KBB-CNSX) will take delivery of two marijuana vending machines in late April 2015.

“The BioCanna ADM is similar to the Best Buy kiosks that you see in airports,” explains Kaneh Bosm President and Director Michael Martinz. “They have back-end functionality that provides oversight to the machine operator as well as regulators.”

The ADM will screen out people under the age of 19, and verify that they are registered users – and it can also set daily maximums. After delivery, KBB will take a few days to install the software, test the machines and load up the inventory.

Mon
20
Apr

Marijuana Businesses Offer Opportunities, But Also Risks

In emerging marijuana businesses both the opportunities and the risks are, pardon the pun, high. The same could be said for the industry’s startup potential.

And even though traditional banks are not getting behind the industry just yet, there are investors in the marijuana industry. But even if you decide to take on a backer in your marijuana-related business, it doesn’t diminish the myriad risks.

Rx Marijuana Use in Nearly Half the U.S.

Mon
20
Apr

‘Donations’ for pot: It’s $30 per gram at the Cannabis Cup, but is this legal?

While sampling was rampant on the Cannabis Cup’s first day, you may be better off bringing your own. Out-of-state companies, along with Colorado businesses that don’t hold state licenses, were running low on samples by the end of Saturday after being swamped with visitors as the only outlets for free or paid samples.

Yes, paid.

Mon
20
Apr

A new shopper's high for 420: Marijuana-themed products are smoking hot

Marijuana is not just for getting baked anymore. As it becomes legal in more states, the wacky tobacky also is leaving its leafy green mark on American marketing.

From backpacks and bed sheets to toilet seats and thong underwear, cannabis culture is inspiring pot-themed products faster than Wiz Khalifa can burn through a dime bag.

And in advance of 420 — a kind of Stoner’s New Year celebrated on April 20 — plenty of people have been shopping for legal ganja goods, even where the drug is still vilified and against the law.

On a recent day, Kerry Baker (yes, that’s her real name) browsed the marijuana-themed products at Spencer’s Gifts in Oak Park Mall.

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