Marijuana Business News

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Mon
02
Mar

Bringing Lessons from the Classroom and Boardroom to the Cannabis Industry

Investor Insight: John M. Torrens, Syracuse, NY

Are you searching for capital that you don’t really need? Do you believe that your business venture will succeed simply because it involves cannabis? Are you solving an actual problem? These are all questions that every entrepreneur in our industry should be asking themselves and the fantastic John M. Torrens of KC Ventures, is the gentleman who’s availed himself to get this important conversation started with all of us.

How did your entrepreneurial journey begin?

Mon
02
Mar

Missouri Awards Hemp Cultivation Licenses

March 2, 2015

Missouri has joined the growing number of states legalizing CBD-based medicines.

The state awarded cultivation and production licenses for hemp to two companies, Noah’s Arc Foundation and BeLEAF Corporation. Mitch Meyers, the head of BeLEAF, also has plans to open a medical marijuana dispensary near Chicago, according to a Missouri TV station.

Sun
01
Mar

Fox News doctor: ‘Crack babies’ come from women ‘smoking this whole marijuana business’

Fox News Medical A-Team member Dr. David Samadi asserted over the weekend that “crack babies” were caused by women “smoking this whole marijuana business.”

On the Saturday edition of Fox & Friends, host Clayton Morris reported that a recent study published in Scientific Reports found that marijuana was less dangerous than any other common recreational drug, including alcohol and cigarettes.

Sun
01
Mar

Medical marijuana dispensaries gear up

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.

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.

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.

Sun
01
Mar

Can DC Cash In On Marijuana Despite Congress' Chokehold?

by Kiley Kroh Posted on March 1, 2015 at 1:32 pm Updated: March 1, 2015 at 2:38 pm

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"D.C. Residents Won’t Let Congress Blunt Their Enthusiasm For Legal Pot Business"

Sun
01
Mar

Washington State Limitations on Early Stage Cannabis Business

A couple of recent events have us thinking about the different ways retailers and cultivators are doing business in the cannabis market. First, a few of our clients have asked us about situations involving groups of retailers banding together to negotiate with producers and vice versa ­— groups of producers teaming up to negotiate prices and supply contracts with retailers. Then, Washington’s Liquor Control Board released emergency rules that, among other things, severely limited the ability of Washington marijuana businesses to enter into standard sales agreements. How are these things connected?

Sun
01
Mar

No Green Thumb? Your 7 Best Legal Cannabis Startup Opportunities

Some may not like it, but legal cannabis is big businessalready — a $700 million business last year in Colorado alone, Viridian Capital & Research reports. With two more states legalizing in 2014, and an estimated seven to 13 additional states that will contemplate legalization this year, this is a market niche that’s set to take off.

Sure, there are risks galore. Viridian cites inexperienced management, lack of a federal banking green light, risk of legal prosecution, pricing pressure, and too much debt as problems that will likely cause an industry shakeout this year.

Sun
01
Mar

Medical marijuana industry competing for limited pool of investment dollars

VANCOUVER -- The free-for-all era of Canada's commercial medical marijuana industry is over as a new crop of growers try to woo scarce investment dollars in an increasingly competitive business, observers say.

Boris Ziger, CEO of Matica Enterprises Inc., said the short-lived days of unbridled growth ended soon after last year's change in federal regulations that shifted medical-marijuana production to commercial enterprises from patients growing their own pot.

He said the stock market went "absolutely crazy" in the spring of 2014 as various companies began branding themselves as pot producers in hopes of cashing in on what was really "irrational exuberance you hear about in business school."

Sun
01
Mar

Medical marijuana grower with track record wants to cultivate pot in Central New York

Syracuse, N.Y. - The first U.S. public company allowed to raise money on the stock market to produce and sell medical marijuana wants to grow pot in Central New York.

Terra Tech Corp., of Irvine, Calif., plans to apply for a state license to cultivate and dispense medical marijuana in New York, said Derek Peterson, the company's CEO.

"We're looking at Central New York for cultivation," Peterson said. "If you want a retail footprint around the state, you want cultivation and production centrally located adjacent to major arteries to provide access to all the retail locations."

The company has not picked a Central New York location yet, he said. Peterson said dispensaries would be scattered around the state in places such as Ithaca, Albany, Manhattan and Brooklyn.

Sat
28
Feb

60 tribes gather in Tulalip to talk marijuana

Tribal leaders, lawyers and marijuana-industry representatives gathered in Tulalip for the nation’s first tribal marijuana conference, an event that served as much as a policy debate on the merits of legalization as it did an educational session.

Hundreds of tribal leaders, lawyers and marijuana-industry representatives gathered in Tulalip on Friday for the nation’s first tribal marijuana conference, an event that served as much as a policy debate on the merits of legalization as it did an educational session.

More than 60 tribes from at least 25 states were represented, said Erica Curnutte, who organized the event.

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