Marijuana Business News

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business
Wed
04
Mar

Landing a Multi-Million Dollar Investment: Q&A With David Dinenberg of Kind Financial

More big-money investors are looking at the cannabis industry as public perception sways in favor of legalization and the overall risks subside.

Everybody from savvy business pros who’ve pumped millions into mainstream industries to the types of celebrities you’d expect to invest in marijuana (Snoop Dogg and Tommy Chong) are jumping on the cannabis bandwagon.

But landing big money – $1 million or more in the nascent marijuana industry – is still difficult, and only a small number of cannabis companies have done it successfully.

Tue
03
Mar

5 ASSOCIATIONS PUSHING FOR MARIJUANA LEGALIZATION

Did you know there is a group of Republicans advocating for marijuana reform? Now that marijuana is legal in DC, we searched for the associations pushing forlegalization in other parts of the country. Here's what we found:

NORML (NATIONAL ORGANIZATION FOR THE REFORM OF MARIJUANA LAWS)

5 Associations Pushing For Marijuana Legalization

Tue
03
Mar

KFC Marijuana Sales To Begin In Colorado? It's Unbelievable -- Literally

KFC: Marijuana on the menu? Not likely. A story that began circulating on Tuesday afternoon created a bit of a frenzy, but the fact is, there’s no sign KFC will really be selling marijuana in its stores.

The story began at the Racket Report, where it was announced that marijuana profits were hitting such high levels that the fast food restaurant chain had decided to get in on the game. While the idea may appeal to pot lovers who think they can get the munchies and a bucket full of munchables in a single stop, there are a few problems.

Tue
03
Mar

Nevada Senator: Secrecy in MMJ Licensing Process a ‘Disaster’

March 3, 2015

Nearly 40% of the 519 businesses that applied for medical cannabis business licenses in Nevada have chosen to remain anonymous, taking advantage of a stipulation in the state’s MMJ law that allows applicants to withhold their information from public view.

A state senator believes that’s a big problem, saying the anonymity option gave rise to questions regarding political favoritism in the licensing process.

“It’s been a disaster,” Sen. Richard ‘Tick’ Segerblom, D-Las Vegas, told the Las Vegas Review-Journal.

Tue
03
Mar

Alaska Could Provide Big Opportunities for Expansion-Minded MJ Companies in Other States

Established cannabis companies looking to expand into new markets could find a major opening in Alaska if a recent legislative proposal becomes law.

The measure – introduced in the state Legislature last week – would ban applicants seeking recreational cannabis licenses from accepting investments by third parties. That stipulation could give established companies a big edge over small startups and individual entrepreneurs, according to some observers, as licenses applicants would more or less need to be entirely self-funded.

Tue
03
Mar

$36 million raised for Ohio marijuana legalization proposal

COLUMBUS, Ohio -- Investors have raised at least $36 million to fund ResponsibleOhio's plan to legalize marijuana and purchase the commercial growing sites promised to investor groups.

Investors contributed $4 million to each of nine limited liability corporations tied to ResponsibleOhio last year, according to securities offering filings with the U.S. Securities and Exchange Commission. ResponsibleOhio officials have said they expect to spend more than $20 million to get their constitutional amendment on the statewide ballot and passed by a majority of voters in November.

Tue
03
Mar

Expo/Event Coordinator job - Bluebird Botanicals - Broomfield, CO

Expo/Event Coordinator
Bluebird Botanicals

Job Listing Details

The Expo/Event Coordinator is responsible for setting up logistical frameworks and representing Bluebird Botanicals at various trade shows around the state, and around the country. Specific duties include but are not limited to:

Coordinate timing with Expo/Trade Show points of contact regularly via e-mail and telephone
Create and follow a budget for each expo
Design booth space and generate ideas for promotional materials
Create metrics to analyze growth of sales due to attendance of expos
Provide regular status reports to ownership and management
Coordinate Shared Expo Space with other businesses as needed
Other duties as assigned

Mon
02
Mar

The art, and science, behind growing medical marijuana

PORTSMOUTH, R.I. — A tiny spider mite is all it could take to cripple Seth Bock’s business.

Bock grows marijuana, legally, for a living, and the peril presented by just one small insect illustrates how difficult it can be to establish a thriving dispensary.

For marijuana dispensaries, it’s never as easy as sticking a few seeds in the ground and watching the plants, and the profits, grow. “There are so many moving parts to this business,” Bock said.His is one of three medical marijuana dispensaries in Rhode Island, and his experience provides vital lessons for companies in Massachusetts that have won licenses to grow and sell marijuana. The first is expected to open in April.

Mon
02
Mar

Medical-marijuana delays anger would-be users

Health regulators are on the defensive about their latest attempt to get the state's medical-marijuana industry up and running, rejecting criticism from a legislative oversight panel while trying to assuage concerns of parents of sick children.

At a hearing Monday, the Florida Department of Health's Office of Compassionate Use Director Patricia Nelson fielded questions from investors and nursery owners eager to become one of five operators authorized to grow, process and dispense non-euphoric cannabis believed to eliminate or dramatically reduce life-threatening seizures in children with rare forms of epilepsy.

Mon
02
Mar

Marijuana: An emerging coverage risk

The emerging legal marijuana economy will see explosive growth in the coming years. Insurers should be prepared to adopt policies that spell out coverage for legally grown marijuana plants and medical marijuana property. The cannabis industry is expected to grow to nearly $15 billion over the next four years. In states where manufacture, sale and use is legal for recreational purposes, legalization will have a profound impact on not only personal lines insurance, but also commercial coverage, workers’ comp, product liability, healthcare insurance and more.

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