Marijuana Business News

Synonyms: 
stocks
business
Mon
18
May

The godfather of ganja comes from a legendary Mafia family

During Prohibition, it was booze. Then gambling, racketeering and cocaine. But today, the New York mob makes big money from an unlikely product — marijuana. And the godfather of ganja is from one of the storied names in Mafia lore: Eboli.

Silvio Eboli, 44, is the grandson of Tommy Eboli, who ruled the Genovese crime family from 1969-72, and grandnephew of Patsy Eboli, a Genovese capo and head of the what the family called the Greenwich Village Crew.

Tommy Eboli was killed, his family believes by Vincent “The Chin” Gigante, a k a the “Oddfather,” who replaced him as boss of the Genovese. Patsy, the family tells me, figured he was next, so he fled to Lagos, Nigeria, then made his way over land and by boat to Sicily, where he lived in exile.

Mon
18
May

Saskatoon marijuana lounge hosts closing pot party

Lounge in the Loft owner Jeff Lundstrom shuttered the lounge after refusing to allow city inspectors to enter premise

Saskatoon's only marijuana lounge went out in a blaze of glory after the owner closed up shop in protest over a city inspection Monday.

The Lounge in the Loft owner Jeffrey Lundstrom hosted a final pot smoking event Saturday evening. Anyone over the age of 18 was invited, but an earlier promise of free marijuana was only available to those with medicinal prescriptions.

"It's a public disobedience. It was just a call out to just attempt to shine light on what's occurring," Lundstrom said.

Mon
18
May

Legal Marijuana Cultivation Is Driving A Technology 'Revolution' In Industrial Agriculture

Deep within a cedar forest in British Columbia, Dan Sutton is building what he hopes will be the most energy-efficient, high-technology greenhouse for growing cannabis. Spurred by the booming market for medical marijuana, he and a group of biologists and engineers have experimented for almost three years with digital sensors, lighting arrays, software programs and ventilators to design a greenhouse system with the lowest energy costs and highest crop yields.

“We said, ‘Let’s assume everything that’s ever been done in cannabis cultivation is wrong, and we have to build from the ground up,’” said Sutton, the 28-year-old managing director of Tantalus Labs in Vancouver.  “We have this broad realm of science that no one has been able to previously explore.”

Mon
18
May

Seeing More Marijuana Edibles, Police Learn To Identify Pot Candies And Sweets

For police, pot edibles are the latest frontier when it comes to confiscating marijuana. From brownies and cookies to lollipops and gummy bears, police are increasingly dealing with sweets made with marijuana, not just buds from the plant itself, the New York Times reported Saturday.

Mon
18
May

Banks just saying no to marijuana money

Customer Paxton Berlanga, of Indiana, right, smells a strain of marijuana, while being helped by employee Billy Archilla, inside the retail marijuana shop at 3D Cannabis Center, in Denver, Friday Feb. 14, 2014. The marijuana industry breathed a sigh of relief Friday after federal banking regulators issued long-awaited permission for them to access basic banking services. (AP Photo/Brennan Linsley)

NEW YORK — The U.S. government has opened a new line of business for America’s biggest banks, and for once they don’t want it. Little wonder: it’s cash from legalized marijuana.

Mon
18
May

This Marijuana Stock's Expenses Are Soaring

GW Pharmaceuticals Inc. (NASDAQ: GWPH  ) has the richest pipeline of marijuana-derived medicines in development, and that has investors flocking to pick up shares in hopes of benefiting from the rising adoption of such drugs. But a flurry of research trials is also costing the company big bucks, so investors should pay close attention to how quickly it burns through its cash stockpile.

Mon
18
May

Denver industrial market tightens with growth in jobs and marijuana

In this 2014 file photo, master grower Evan Schick steps lightly as he waters the 750 marijuana plants jammed into his facility, which supplies Walking Raven dispensary. (John Leyba, Denver Post file)

Job growth and pot growth are fueling record high lease rates and low vacancies in Denver's industrial real estate market.

"Competition for industrial space in the Denver market is very aggressive," said Dawn McCombs, senior vice president and industrial specialist at the Denver office of brokerage Avison Young. "The lack of quality options for tenants is driving rental rates higher than I have ever seen."

Mon
18
May

While waiting on Salem, cities grapple with marijuana regulations

Gresham's debate this month over whether to allow medical marijuana businesses exposed a deep divide of opinion about the drug in the state.

Supporters, like Councilor Karylinn Echols, argued city government shouldn't stand in the way of a patient's need for medication while Council President Jerry Hinton, who opposes the businesses, said he doesn't want to provide access to another intoxicating drug to residents.

Mon
18
May

Judge orders marijuana plant quarantine to continue

DENVER — A victory for The Denver Department of Environmental Health after a judge maintained the department’s hold on thousands of marijuana plants.

In March, the city quarantined thousands of plants from several cultivation sites because a pesticide may have been improperly used.

On March 25, the Denver Department of Environmental Health found evidence that plants at six locations had been contaminated by pesticides which are not approved by the Colorado Department of Agriculture. The businesses involved cannot sell the marijuana which has been placed on hold.

Mon
18
May

Marijuana, global warming, and the "Green Rush"

Global warming may give a minor twist to that classic hippie bumper sticker that quips "Acid rain: Too bad it's not as much fun as it sounds." Turns out a warming climate could boost the medicinal and psychoactive properties of plants including cannabis. 

But that’s not all: Climate change will also open up higher elevations to growing weed clandestinely on public lands, a practice that’s putting increased strain on fragile ecosystems.

Some say relaxed marijuana laws exacerbate the problem by bringing in more growers; others argue increased regulation and oversight will eventually lead to more responsible growing practices.

Outdoor pot will become hardier

Pages

Subscribe to RSS - Marijuana Business News