Marijuana Business News

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business
Fri
27
Mar

As Legal Landscape Changes, A New Marijuana Club Opens Its Doors in Anchorage

Theresa Collins, left, and Jami Hicks are two of the four business partners behind Pot Luck Events.

Marijuana is in legal limbo in Alaska. Multiple bills in the Legislature will determine everything from permits to penalties, and in the meantime municipalities are scrambling find rules that protect the public, but also make room for an emerging industry. A new business in Anchorage is taking its first tentative steps forward navigating the shifting legal landscape.

Inside a brand new private marijuana club air purifiers whir. The room is huge, with a stage at one end, lounge chairs in another, and high ceilings.

Fri
27
Mar

SmithAmundsen Presents Complimentary Program Series on Medical Cannabis

Beginning in April, we are pleased to present a regular series of complimentary programs to brief you on the trends and hot topics brewing in the developing legal world of medical cannabis.

Our first program in the series will be a webinar titled "Medical Marijuana, Employees, and You" on April 29, 2015 at 12:00 pm CT.

In Illinois and the other 23 states including D.C. that have enacted medical cannabis laws, facilities are being built and bought, vendor relationships established, and employees hired. Cannabis industry employers are operating in an unprecedented hiring environment, and will confront many novel legal issues as they build their teams.

 

Fri
27
Mar

Marijuana Dating App Gains 2,000 Users Daily

One of the most common misconceptions about cannabis is that it has the same effect on everyone who consumes it. This, however, couldn’t be further from the truth: some people are social smokers, some people want to work out when they are high, and some people would rather cozy up in front of a movie on Netflix with a bag of gummy worms (or kale chips). With modern technology helping people find companions for virtually every other type of activity they might want to partake in, it seems only natural that an app would emerge to help people find companions for smoking weed.

Fri
27
Mar

Ups and Downs In the Canadian MMJ Industry

New regulations in Canada designed to improve access to higher quality medical cannabis have shaken up the market.

The rules have left some patients with few options to purchase and consume their medication, leading to several lawsuits. Meanwhile, the licensed cultivators and sellers who are now responsible for supplying safe, tested cannabis are laying down expansion plans amid optimistic growth forecasts.

Canada legalized medical marijuana on a federal level 15 years ago, and last year put in place new regulations that have smoothed the road for marijuana entrepreneurs. The path, however, has been a bumpy one, and further uncertainty looms on the horizon.

New Regulations Gives Boost to Licensed Operators

Thu
26
Mar

Medical marijuana delivery services make way for new dispensary

Del Rey Oaks >> Next week’s opening of Monterey County’s only medical marijuana dispensary doesn’t seem to worry local marijuana delivery services.

A few of them say the private and convenient nature of their services assures them they will stay in business, despite new competition from the dispensary slated to open April 1 in Del Rey Oaks.

“I don’t see it affecting us because we deliver quality and convenience to your door,” says Luis Solis, part owner of Compassionate Bay Delivery, a 6-month-old company serving the Salinas area.

In fact, more than one delivery business owner welcomed the arrival of the dispensary.

Thu
26
Mar

Banned in Denmark - Billion Dollar Industry in the USA

A number of US states have legalized cannabis, and many more are expected to follow. Therefore, the industry's explosive growth, attracts large investors. Berlingske Business Magazine took to speed dating between entrepreneurs and investors in San Francisco.

"Whoever wins on the Internet, is the one who wins in the US." Says Peter Muhlmann, founder of the website Trustpilot. Now the company captures the market for user reviews in the United States.

Thu
26
Mar

Unlikely advocate fights for medical marijuana access

Like any working mom, Denise Pollicella is busy.

The Howell-area attorney, a mother of two, balances her legal cases with other duties, such as taking her daughter to dance class.

Yet for the past several years, she’s also joined efforts to draft model legislation that would revise laws governing the growth, sale and distribution of medical marijuana in Michigan.

It’s legislation she believes is long overdue.

“Seven years ago, Michigan voters overwhelmingly approved the legalization of medical marijuana, and yet the Legislature hasn’t acted,” she said.

Marijuana use is legal in Michigan for patients with a doctor’s prescription and a state certified ID card. Patients can also designate a caregiver, who also must be certified by the state.

Thu
26
Mar

GROWING CONCERNS FOR MARIJUANA BANKING

Many marijuana businesses are running solely on cash operated businesses, having to pay tens and hundreds of thousands of dollars in cash money for protection, utilities and employee payouts. This is causing a safety concern for those that partake in the marijuana industry forcing them to carry high amounts of cash at all times quickly becoming targets for criminals.

Banks are wary of dealing with cannabusinesses because of the fear of being prosecuted for conspiring money laundering under federal law. Many banks have been refusing businesses due to this issue. The banking problem is even spilling over in to state politics regarding marijuana laws.

Thu
26
Mar

Hawaii Could Have Medical Marijuana Dispensaries Next Year

Hawaii could have medical marijuana dispensaries much sooner than initially anticipated — perhaps as soon as next year.

On Wednesday, the Senate Health and Public Safety committees passed House Bill 321, the bill that would create medical marijuana dispensaries and production centers in each Hawaii county.

But first, lawmakers amended the bill to allow dispensaries to begin operating next year. Sen. Josh Green, who chairs Health Committee, wants potential dispensary owners to be able to grow and prepare their product starting this fall.

Thu
26
Mar

OSC probing marijuana firm CEN Biotech

CEN Biotech, a company that soared to be worth hundreds of millions of dollars last year on claims that it was being licensed to build the world’s largest medical marijuana facility in Canada, is under investigation by the Ontario Securities Commission.

The regulator said Wednesday it is looking into the company and its parent firm, but did not provide further details, such as how long the investigation has been going on or if regulators in the United States are involved.

“The OSC has an active investigation into this matter,” Carolyn Shaw-Rimmington, spokeswoman for the OSC, said in an e-mail to The Globe and Mail.

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