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Marijuana Business News

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stocks
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Mon
01
Jun

'Clean Green'-labeled marijuana is pesticide-free, environmentally friendlier

ADDY, Wash. – Chris Van Hook bent over a shrub-sized marijuana plant at Mountain High Farm with a magnifying glass last month, looking for imperfections in the fan-shaped leaves.

A few of the fronds were “chewed on,” which is what Van Hook expects in a pesticide-free crop.

Pot grown at the state-licensed operation can’t be certified as organic because the U.S. Department of Agriculture doesn’t recognize marijuana as a legal crop. Advertising it as organic would be a federal labeling violation, inviting hefty fines.

But if Mountain High passes Van Hook’s inspection, the Stevens County farm can advertise its product under the “Clean Green” label, an alternate certification Van Hook developed for pot growers touting the naturalness of their product.

Mon
01
Jun

Monsanto and U.S. Conspiracy Behind Push for Legalization of Marijuana?

Is the push for legalization of marijuana due to a conspiracy between GMO giant Monsanto and the U.S. government? Some people in the organic food community seem to think so.

Mon
01
Jun

Catapult Wants To Be The Starbucks Of Marijuana-Infused Coffee

James Hull recently went back to his roots as a 3rd generation horticulturist after a career in high-tech engineering.  The result? Catapult, a Marijuana-infused coffee which according to Hull makes you feel blissful and energetic at the same time.

It seems only natural that Hull runs his company, Fairwinds Mfg., just a few hours south of America’s coffee capital, Seattle.

(Catapult coffee from Fairwinds Mfg should not be confused with Fairwinds coffee from The Rogers Family Company which makes traditional coffee in California)

Mon
01
Jun

India: Medical marijuana battle: 'Legalise cannabis' call finding support among lawyers, doctors

Eight-year-old Vedd Raaj has severe epilepsy and autism. His most violent seizures come once a month, triggered by infections he catches due to low immunity. They can last hours.

His parents, Bengaluru-based business consultant Amit and homemaker Rakhi Raj, 34, have been doing the rounds of hospitals, trying to find a doctor that can help him procure cannabis oil. This controversial flowering plant is indigenous to India, but its cultivation is banned because an extract can also be used to produce the intoxicant marijuana.

Yet the Raj family believes it is their son's only hope. There are many within and outside the medical fraternity that would agree with him.

Mon
01
Jun

10 Largest Marijuana Companies

The legalization of recreational marijuana use has led to the creation of dozens of publicly traded companies seeking to carve out a space in what may be a potentially large growth industry. Now that the initial blush has worn off, however, these dozens of companies face the demands that all publicly traded companies have to confront: a sustainable business model led by a management team that has the experience and skill to execute to that model.

Mon
01
Jun

Former tribal chairman joins marijuana company

BISMARCK -- Former MHA Nation Tribal Chairman Tex Hall has joined a company focused on producing marijuana on reservations.

Native American Organics LLC will help tribes who want to enter the marijuana products industry set up legal growing and distribution systems. The company is a partnership between Hall's Red Tipped Arrow LLC and Wright Family Organics LLC, a California-based medical marijuana research and operations company.

The company will work on regulation and compliance issues with tribes located in states where medical and recreational marijuana is legal, helping to break down barriers to entry. It will help tribes make law governing the industry on their reservations.

Mon
01
Jun

Hemp industry enters 2nd year with hazy market potential

FORT LUPTON, Colo. (AP) — The newly legal hemp industry is entering its second growing season with some big questions for producers experimenting with marijuana's non-intoxicating cousin.

The federal government has allowed limited imports of hemp seed — in Colorado's case, this month — for research and development purposes. Companies trying to create a U.S. hemp industry are seeking investors not only for unproven products but for a plant that is still classified under the federal Controlled Substances Act with marijuana and thus cannot be patented.

As a result, it's too soon to tell whether hemp will become a boon for farmers or stay in mostly boutique products that use imported hemp.

Mon
01
Jun

In Legal Weed Industry, Solutions For Lack Of Banking Access May Lie in Building Relationships

CHICAGO -- In any business, personal relationships often are the key. In the marijuana business, that could be even truer, especially when it comes to banking needs.

Marijuana largely is an all-cash business. Banks are skittish because growing and selling marijuana still is illegal under federal law, which classifies cannabis as a Schedule I drug. But some store owners and others in the marijuana business who have had pre-existing relationships, especially at small community institutions, have been able to convince bankers to work with them, said Chris Walsh, managing editor of Marijuana Business Daily, which sponsored the Marijuana Business Conference and Expo here May 19-21.

Mon
01
Jun

License to Supply Pot: Deadline Nears for Firms in New York

Companies have until June 5 to file applications with the state’s health department for one of five licenses to dispense medical marijuana

Erik Holling spent more than 10 years helping turn a family business into a global information-technology company with a staff of 3,500 people in more than 190 countries.

Now he is aiming to be at the forefront of a new industry for New York state: medical marijuana.

Mr. Holling, who earlier in his career worked in medical research and health care, is now president of Valley Agriceuticals, a Purchase-based health-care company vying for one of five licenses to grow and distribute medical marijuana in New York.

Mon
01
Jun

California Puts Medical Marijuana Dispensaries in Catch-22 Situation

Pay taxes and/or die

California authorities are notoriously creative when it comes to wringing as much tax revenue as possible out of the state's businesses, yet are leaving real money on the table because of their failure to come up with a simple way for medical marijuana dispensaries to pay their tab.

Voters legalized this business 19 years ago with the passage of Proposition 215. But an uncertain federal legal status has complicated the matter since then. The state only collects a small percentage of the sales-and-use taxes these businesses owe, although a new program is attempting to address the imbalance.

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