Marijuana Business News



Medical marijuana users will be among the earliest users of bitcoin, according to bitcoin entrepreneur Peter Klamka. Klamka’s Ann Arbor, Mich.-based company, Bitcoin Brands, has placed a bitcoin ATM machine at one medical marijuana dispensary and is in the process of placing another two in the Grand Rapids area.

Klamka’s bitcoin ATM machine, made by Portland, Ore.-based Skyhook, provides the customer a QR code which they get scanned at the checkout counter by a clerk using a bitcoin payment tablet.

“The (payment) technology is like a gift card,”


Jamaica’s Plan To Legalize Marijuana Could Open Doors for Black Entrepreneurs

Entrepreneurs hope to capitalize on multimillion-dollar green rush with plan for licensing authority

Business opportunities in the growing multimillion dollar cannabis industry could open up soon to entrepreneurs in Jamaica. The country has approved a bill that decriminalizes the possession of marijuana for the first time in 100 years and brings the promise of medicinal marijuana sales. Jamaica’s Cabinet has approved the bill, meaning the country’s Rastafarian and island citizens could have the legal right to smoke cannabis if it gets the Parliament’s approval later this week.


Medical Marijuana for Bipolar: The User's Dilemma

This is a follow-up to last week’s post on medical marijuana for bipolar. In the post, I noted that a case can be made for using the product in very small doses to relieve symptoms and maintain mental health, but with some very strong provisos.

In particular, I noted: 

All medications, including psychiatric meds, carry substantial risks that must be weighed against potential benefits. Marijuana is no exception.

I also pointed out:


Taking on the Challenge of Investing in Cannabis

Investor Insight: Fred Gross, New York, NY

Everyone faces challenges, but it’s how you face those challenges that makes the difference between you persevering and becoming successful or failing and buckling under the pressure. Fred Gross, founder of ManhattanCanna LLC, is one of those who made the right move, had the right perspective, and used positivity and the power of flexibility to power through and become the successful investor he is today! You learn something from every investor we highlight and we ensure that this peer into how Fred thinks, will open your mind that much more.

How did your entrepreneurial journey begin?


Costs adding up for medical marijuana entrepreneurs

In the world of medical marijuana entrepreneurs in Illinois, there’s plenty of green behind the grass.

Hundreds of would-be medical marijuana growers and sellers have put millions of dollars on the line hoping for coveted state permits that were supposed to issued by former Gov. Pat Quinn by the end of last year.

To snag those valuable permits, the entrepreneurs hired consultants, lawyers and lobbyists.

They’re already paying rent, in some cases, or have money tied up in options to buy property.

And now, they wait. And with millions of dollars on the line, waiting can get expensive.


Outsourced CFO Raising Capital for Cannabis Companies

Investor Insight: David Friedman, Chicago, IL

The cannabis industry is growing, gaining momentum, and expanding by the second and we, at Cashinbis, are committed to presenting you with untapped insight from the people who are putting this industry on the map. We are committed to showing you Who’s Who and we are committed to telling you the ‘whole’ story. On one side of that story are the entrepreneurs with their incredible innovations and passion to change the industry and on the other side, we have the the group of intellects that are taking those innovations to the top: The Investors.

Intervene on behalf of Adam Koessler, arrested on 2nd January 2015

Adam Koessler is a loving father who was arrested on 2nd January 2015 for allegedly administering medicinal cannabis oil to his 2 year old daughter, after she was diagnosed with stage 4 Neuroblastoma.  
Adams bails conditions were amended in the Brisbane Magistrates court on 16th January, to allow him to see his daughter, who is receiving treatment in the Lady Cilento Children's hospital - South Brisbane. 
His visitation with his child has been restricted by the hospital who have defaulted to existing court orders, issued by the family court in 2013. 
He is not kept informed of her treatment, her progress and not informed when she is having surgery or of significant information relating to her care and treatment.


Solanbridge Group Announces Meetings in Sri Lanka

Hickey to Discuss Medical Marijuana Industry with Sri Lankan Officials

HOUSTON, TX / ACCESSWIRE / January 12, 2015 / Solanbridge Group Inc (SLNX) is pleased to announce that Earle G. Hickey, President of Solanbridge Group NS, Inc., will be in Sri Lanka this week and plans to meet with the newly elected Executive President of Sri Lanka His Excellency Maithripala Sirisena, concerning the benefits of medical marijuana. This will be Mr. Hickey's fourth trip to Sri Lanka.


Marijuana Growing Has to Change Its Energy-Hogging Ways

Jan. 10 (Bloomberg) -- In Washington state, a land of tall evergreens and high-minded environmental principles, one wonders what could be greener than a pot farm. Think again.

Initial regulations of the state’s new legal marijuana industry seem to favor energy-guzzling indoor operations over outdoor farms. How did that happen?

After Washington voters legalized recreational marijuana more than a year ago, regulators created a system whereby the pot sold in 334 state-licensed private stores must be grown in-state and tracked “seed to sale.” The new rules limit marijuana farms to 30,000 square feet.


Indoor enterprises can yield three or four crops a year, while outdoor farms can only produce one or two.


Are Your Marijuana Products Adequately Labeled To Protect You From Lawsuits?

What would happen if you failed to provide adequate label warnings for marijuana (including concentrates or oils) and marijuana-infused edible products, and someone was hurt by it? The answer may lie in what is referred to as “strict product liability for failure-to-warn.”


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