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Marijuana Business News

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Thu
04
Jun

Landlords told tenants growing cannabis could ruin properties as plants seized from them skyrockets

London was the cannabis farm of Britain with Birmingham second worst for homegrown weed and Greater Manchester third.

Landlords are being warned not to let their properties go to pot after cannabis seizures in rented homes rocketed by up to 195%.

According to research, police raids across the country resulted in 456,911 plants confiscated last year with one in three forces reporting a 40% rise in homegrown weed.

While London was the cannabis farm of Britain with 59,002 plants removed from houses and flats, outside the capital Birmingham had the second worst record with West Midlands police seizing 52,218 plants and Greater Manchester carting 33,547 away.

Thu
04
Jun

Company leasing space for medical marijuana dispensary in Downtown Brooklyn

A Long Island company vying for a state license to distribute medical marijuana has leased space in Downtown Brooklyn, Crain's first reported Thursday.

PalliaTech Inc., a producer of marijuana-based pain medications, is looking to move into the second floor of 425 Fulton St., between Pearl and Jay Streets, where it will take up 3,000 square feet of space.

Thu
04
Jun

Compassion club says they'll provide marijuana if necessary in Saskatoon

A Saskatoon advocate for medical marijuana wants to clear the air.

Mark Hauk is with the Saskatchewan Compassion Club. They plan to open a facility in Saskatoon. Hauk said his organization prefers to help people navigate the current system for legally obtaining medical marijuana. But, he said that system often leaves people who have perscriptions unable to obtain the drug. 

Hauk cited a number of ways the system can let people down, including wait lists, unavailability of specific strains and minumum order size requirements that can make patients unable to afford their medicine. 

Thu
04
Jun

HSBC pays out ÂŁ28m over money-laundering claims

Geneva prosecutor agrees to close investigation into HSBC in return for the financial settlement

HSBC has been ordered to pay a record 40m Swiss francs (£28m) and been given a final warning by the Geneva authorities for “organisational deficiencies” which allowed money laundering to take place in the bank’s Swiss subsidiary.

The settlement means the Swiss will not prosecute HSBC or publish the findings of their investigation into alleged aggravated money laundering. But Geneva’s chief prosecutor, Olivier Jornot, cautioned that the bank was on notice, saying: “This is an excuse which will only apply once.”

Thu
04
Jun

America’s Quality Pot Is Changing the Drug War

With weed now permitted in some form in 23 U.S. states, the flow of cannabis out of Mexico has slowed and, to a degree, reversed

The street lieutenant fidgeting in a Ciudad Juárez pizza parlor deals drugs for Barrio Azteca, a gang that emerged from Texas prisons in the 1980s to control a chunk of illegal shipments from Mexico into the U.S. Southwest. Think No Country for Old Men—secret nighttime drops, murders, and a lucrative sideline in human trafficking and prostitution. Meeting with a reporter while his heavyset boss circles the block, the Juárez dealer is preoccupied with his hottest new product: handcrafted American-made pot.

Thu
04
Jun

Cannabis technology, media fuse at first-ever New West Summit

Cannabis and technology — two of the Bay Area’s biggest exports — are about to become even more intertwined.

One thousand of the cannabis industry’s leading technologists, investors, and media professionals will gather for the world’s first technology, venture capital and media-focused cannabis industry conference, the New West Summit Friday and Saturday, November 20th and 21st, at Parc 55 San Francisco.

Thu
04
Jun

Behind the Scenes of Colorado’s $700 Million Pot Business

Benjamin Rasmussen didn’t set out to become “the pot photographer.” It just sort of happened.

Rasmussen became something of a visual authority on the burgeoning marijuana industry after shooting a story for The New York Times in 2010. His direct, almost clinical photographs depicted legalized marijuana with candor and respect. The images were not what you’d expect when thinking about marijuana, and attracted the attention of one media outlet after another. In the years since, he has documented everything from medical dispensaries to manufacturing facilities.

Thu
04
Jun

Can This Marijuana Give Women Better Sex?

One night last year, Karyn Wagner, founder of Paradigm Medical Marijuana, smoked a joint before having sex with her partner — a fairly unremarkable move in terms of foreplay, but this time the results were something special. “After I smoked this one,” she remembers, “I said, You know, honey, that was perfect. Save it for next time.” Her partner dutifully labeled the bag “Sexpot." And inspiration struck.

 

Sexxpot, derived from a low-THC strain called Mr. Nice, has been grown, packaged, and branded (with an extra x) by Wagner’s company as an "aphrodisiac weed" — the first to specifically target women.

Thu
04
Jun

Marijuana shares cloud the minds of investors

Since some American states started to legalize marijuana last year, many gamblers are very keen on cannabis shares. After the initial euphoria ended, the green gold rush seems to have regained some of its popularity in the stock market.  

Marijuana is a controversial issue, but it is now legal, with restrictions, in Alaska, Colorado, Oregon, Washington and in the District of Columbia. In 23 states the medical use of marijuana is allowed.

Other states are debating intensely the partial opening of the market and, according to polls, a majority of the U.S. population is now in favor of decriminalizing cannabis.  

Thu
04
Jun

Medical marijuana proposal in Costa Rica gets Health Ministry review

The Costa Rican Health Ministry outlined its expert opinion on a pending bill to legalize marijuana and hemp for medical and industrial use in Costa Rica. On Tuesday, the Health Ministry outlined how the medical marijuana bill would be implemented with some restrictions for users.

Ruling Citizen Action Party (PAC) lawmaker Marvin Atencio presented a bill in August 2014 that would legalize the growing, processing and sale of cannabis for medical and industrial use. Costa Rica would be the first country in Central America to legalize medical marijuana if lawmakers decide to pass the proposal.

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