Marijuana Business News

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stocks
business
Mon
06
Apr

Tired of bitcoin? Try marijuana, mulch-backed coin

Bitcoin has been on a roller-coaster ride, losing more than half its value last year.

Anthem Blanchard, CEO and founder of physical gold and silver broker Anthem Vault, thinks that his cryptocurrency, called the Hayek, will bring more stability to the Wild West digital currency marketplace. Matching the ancient currency of gold with a new medium of exchange makes sense, Blanchard said, adding, "Seeing bitcoin combined with gold is exciting. Crypto-gold is more secure and spendable."

Mon
06
Apr

Application Window Opens for Investor Pitch Event

Cannabis entrepreneurs can now submit applications to take part in a mock investor pitch session at the Spring Marijuana Business Conference and Expo to be held in Chicago next month.

The deadline for applications to participate in the Marijuana Business Pitch Slam is April 10. The session will be held from 11 a.m. to noon on May 20 at the Chicago Hilton.

The five companies selected to present will deliver a short investment pitch in front of a live audience of industry professionals and a panel of experienced investors. The panel will then critique the presentations to provide insight into what investors look for when evaluating a pitch, and will select a winner for the “Best Pitch” award.

Mon
06
Apr

Front Lines in the Marijuana War

Last November District of Columbia citizens voted to legalize recreational use of marijuana, joining those of Colorado, Washington state, and Alaska. Since then debate continues about where and when it’s okay to ingest the weed, how to regulate and tax it, and the moral implications of approving use of a drug that is illegal under federal law.

Mon
06
Apr

Marijuana trimmers use tiny scissors but eye big careers

Washington's marijuana business has created a legal occupation that offers career opportunities for bud trimmers.

"I've done everything from pumping gas to remodelling houses, but I think there's longevity in this," 32-year-old bud trimmer Kurt Vermillion said.

Bud trimmers make between $12 and $15 an hour and use small scissors to trim away leaves and other things from marijuana buds. Most trimmers work on about half a kilogram of pot per day.

Experienced workers can move up to gardeners or concentrate makers and make $50,000 to $90,000 US a year.

For 37-year-old Julie Whittaker, who started trimming buds in November, the job turned out to be less stressful than her former work in the banking software industry.

Sun
05
Apr

Understanding OTC Markets

Public stock investors in the cannabis industry are largely relegated to the over-the-counter marketplace. This is much different from stocks trading on an exchange, and far less expensive for companies to access. Therefore many small, micro-capitalization companies choose to offer shares of their company through this market.

We are believers of free markets and access to efficient forms of capital; from that standpoint, we see OTC as a potential option for companies. However, regulators cannot keep up with the biggest scams, think Enron and Madoff, let alone effectively monitor the thousands of small companies. This gap in oversight creates opportunities for the ill-inclined to pounce, get rich and rob the everyday investor. We see this malfeasance all the time.

Sun
05
Apr

Side Streets: Colorado Springs drug treatment center won't have marijuana shop next door after all

After declaring the U.S. attorney's enforcement of drug-free school zones arbitrary and not based on law, the owner of several medical marijuana dispensaries and recreational pot shops statewide has abandoned a dispensary he was developing near Colorado College, walking away from it just weeks before it was scheduled to open.

Dispensary owner Brian Ruden said Tuesday that he made the decision after federal officials told Side Streets in a March column that Ruden's Tree of Wellness II at 705 N. Nevada Ave. risked being shut down if it opened because of its proximity to two schools north of downtown.

Sat
04
Apr

Newest Aurora marijuana dispensary opening

Good Chemistry will open in Aurora next week.(Photo: Courtesy | Good Chemistry)

DENVER BUSINESS JOURNAL - Aurora's newest marijuana dispensary will open next week at 16840 E. Iliff, making it the second location for Denver-based Good Chemistry.

The dispensary will offer recreational marijuana only, while Good Chemistry's original location at 330 E. Colfax Ave. offers both recreational and medical marijuana.

Matt Huron, founder and CEO of Good Chemistry, assembled a team of professionals including a botanist and an investment banker to help grow his company, which he eventually wants to debut on a national scale.

Sat
04
Apr

Bitcoin May Be Frustrating, But Marijuana-backed Coin Sounds Interesting

If cryptocurrencies like Bitcoin, Litecoin, and others, are too volatile for you, then maybe its time to look out for safer coins.

Accepting the fact that Bitcoin and other cryptocurrencies have an inherent volatility risk, creative crypto-thinkers are working on numerous projects to create currency standards which will be backed by physical commodities such as gold, marijuana, and urea.

Sat
04
Apr

THE WATCHDOGS: Pot cops move from fighting drugs to protecting now-legal industry

As cops, part of their jobs was to put away drug sellers and users. Now, former law enforcement officials are doing private security work for Illinois’ now-legal medical marijuana industry.

“I became a policeman in 1968,” says Terrance “Terry” Gainer, a former Chicago homicide detective and chief police legal adviser who went on to lead the Illinois State Police and the U.S. Capitol Police and is now a security adviser for a company that has been granted state permits to grow and sell medical marijuana. “I did not conceive that in the year 2014 I would be working for a company interested in the medical marijuana business.”

Sat
04
Apr

Bud Genius Adds Financial Expert to Executive Advisory Board

Bud Genius Inc. (RIGH 0.0002 -33.33%), a leading cannabis laboratory and branding specialist, recently announced the addition of Dr. Peter Wilson, Ph.D., to its Executive Advisory Board. Dr. Wilson is a well-known and highly-respected expert in accounting, financial reporting, and business law with over 25 years of experience in corporate finance and 19 years at Duke University’s Fuqua School of Business.

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