Marijuana Business News


Using Doctors With Troubled Pasts to Market a Painkiller

Dr. Judson Somerville, a pain specialist in Laredo, Tex., received $67,000 in speaking fees, travel and meals in 2013 to promote a powerful and addictive painkiller called Subsys, according to a new federal database of payments that drug companies make to physicians.


Calculating the Enormous Potential of the Hemp Industry

“The crop right now is sellable,” Colorado hemp farmer Jim Denny told NPR reporters earlier this year. “I’ve already had people contact me on my website saying, ‘We know you’re growing stuff and we want to buy it from you already.’ And we haven’t even put it in the ground.”


China’s Marijuana Surprise

Despite a long anti-drug crusade, Beijing is positioned to be a major player in the cannabis market.

An economic stir is happening in China, but it’s in an industry you might not expect. With more than half of the 600 relevant patents filed with the World Intellectual Property Office now owned by Chinese companies, the country is well positioned to dominate the global cannabis market. Which is very surprising for a nation where drug trafficking is still punishable by death and mere possession of the substance can result in a lengthy spell behind bars.


Zynga Founder Trying to Cash In On Marijuana Legalization

Marijuana legalization by Oregon, Alaska, and Washington D.C. in the 2014 election has investors keen on the prospects of the marijuana growth.  It is suspected that more states will legalize in 2016, so the race is on who is going to be at the forefront of this new industry.


Denmark funds medicinal cannabis research

In what could be a small but important change in the nation’s drug policies, a political agreement to distribute nearly one billion kroner in research funds sets aside money to study the medicinal effects of cannabis.

Despite numerous pushes by Copenhagen’s mayor Frank Jensen tolegalise cannabis in the capital and the booming business in Christiania’s cannabis market, Denmark has taken an official hardline stance on cannabis for both recreational and medicinal use.



'Don't ask, don't tell': How utilities are powering the marijuana industry

rijuana—legal or otherwise—requires a lot of power to produce. And in the Pacific Northwest, utilities are now facing the complicated task of efficiently meeting that demand while navigating a set of opposing laws.

Just how much power the marijuana industry uses is tough to judge, and estimating future demand is even trickier. The recreational market is just getting started in Washington, where legal sales began this summer. Since July 8, the state is reporting just shy of $24 million in sales—and the pace seems to be accelerating. Sales in July averaged about $146,450 per day and so far in October have reached almost $400,000 each day.

How does that translate into power demand forecasts?


Uruguay’s superstar president bows out – but will his liberal marijuana laws survive?

Juan Palese, 25, stands outside the door of his Urugrow shop, sharing a red-tipped marijuana joint with a group of young friends. The sweet, pungent aroma of cannabis permeates the street as chattering students from Montevideo’s nearby school of social sciences walk heedlessly by.

“Two policemen live here, right next door,” Palese says with a mischievous look, leaning into the entrance of an old house next to his “grow shop”, where he sells fertilisers and compost for growing cannabis at home. Business is good, and a steady trickle of customers arrive throughout the afternoon.


Getting Past Staff Growing Pains

For many companies, the core of their culture is bound up with their size. A small startup tries to maintain its closeknit vibe and ability to move very quickly as it grows, while larger firms take pride in their presence, process and strength in a given field.

Despite nostalgia for what once was, many companies strive for growth and expansion yet face challenges in handling current operations as they grow. Whether they aim to reach the 10- or 50-employee mark, businesses can rely on basic planning, tracking and forecasting principles to manage an expansion to realize success and minimize growing pains.



Times of Zambia | Couple busted over 700kgs cannabis



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