Marijuana Business News

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Fri
13
Jul

Cheaper cannabis leads to falling revenue in Colorado marijuana sales

Total revenue collected from legal cannabis sales in Colorado fell again in May, according to Colorado Department of Revenue data. Legal pot sales accounted for about $122.9 million in May, DOR records show, slipping over $1.4 million from April's total and dipping slightly below sales in May 2017.

Fri
13
Jul

What Michigan needs to learn from Colorado's legalized marijuana

Ashley and Ryan picked Denver as the perfect spot for their weed-infused honeymoon.

Robert, a well-to-do contractor from Houston, mixed a little R&R — reefer and recreation — with his latest business trip to Colorado. And Tyrell Towle, a chemist from Washington state, chose Denver as the spot for his home and job after getting a master's degree in chemistry in Iowa.

The four have little in common, but there is one key thing that ties them together: marijuana.

Thu
12
Jul

Coming soon to a lab near you? Genetically modified cannabis

Scientists might be able to draw from new sources of cannabis compounds for research.

Legal hurdles to exploring marijuana’s medicinal properties might soon fall in the wake of the US Food and Drug Administration’s (FDA) first approval of a cannabis-derived drug.

Thu
12
Jul

Illegal marijuana sites can’t hide from science

The problem of illegal marijuana farms on national forests is, pardon the pun, growing. Although marijuana is now legal in California and other parts of the U.S., illegal marijuana growing is still a billion dollar industry with international tentacles.

“Twenty years ago the people who planted and tended illegal pot farms were poor farmers from Mexico,” said Craig Thompson, a research wildlife ecologist with the USDA Forest Service.

Thu
12
Jul

Canada: 'Tweed and tonic' marijuana drinks could be coming to Canada in 2019, says Canopy Growth CEO

The legalization of recreational marijuana in Canada will mean new opportunities for cannabis businesses — and that could include pot-infused beverages, Canopy Growth founder, Chairman and CEO Bruce Linton told CNBC on Wednesday.

Thu
12
Jul

Former cop used misleading stats to ban pot shops in California

She publicized calls to police about dispensary crime, but many of them were pranks or related to businesses nearby.

Thu
12
Jul

Amid much debate, Oklahoma implements a THC limit for its new medical program

Medical professionals in the state argued marijuana doesn’t need to be stronger than 12% THC, but patients are saying that’s not true.

On Tuesday (July 10), Oklahoma’s Board of Health decided to limit the amount of THC allowed in cannabis sold as a part of the state’s newly-approved medical marijuana program. The rules, which will be adopted by the Oklahoma Medical Marijuana Authority, established to oversee the state’s new cannabis program, put a 12% THC limit on “medical marijuana products” which will be available in dispensaries. To put this in perspective, the average THC level of legal recreational cannabis in Colorado is 18.7%.

Thu
12
Jul

US Attorney in Massachusetts will let legal market proceed

He issued his most reasonable statements yet on the new industry.

After inducing months of headaches for Massachusetts’ budding marijuana industry, U.S. Attorney Andrew Lelling has signaled he will get out of the way, saying in a statement that although the drug remains illegal at the federal level his office would avoid prosecuting state-legal pot companies in most cases.

Thu
12
Jul

Canada: BC signs agreements with licensed producers to supply legal marijuana

British Columbia has announced the companies that will supply recreational marijuana after legalization this fall, boasting its stash will feature an "exclusive and competitive" assortment of products.

But small craft growers say they were shut out of the bidding process and therefore B.C. residents will only be able to purchase weed grown by large licensed producers of medical cannabis starting on Oct. 17.

"I have been screaming at the provincial government for a year to do something about these regulations, and we are now about to drive off the cliff and there's still no bridge," said Ian Dawkins, president of the Cannabis Commerce Association of Canada, which represents small producers.

Thu
12
Jul

Is it time to invest in marijuana stocks?

There's a bigger buzz about the marijuana industry than ever before. Thanks to a recent vote in Oklahoma, 30 states now have laws in place that broadly allow the legal use of medical marijuana. Nine states plus the District of Columbia have legalized recreational marijuana, with Michigan potentially joining their ranks pending a vote on the issue in November.

That's just looking at home in the United States; Canada's recreational marijuana market opens nationwide in October. Germany, the largest economy in Europe, has an expanding medical cannabis market. Other countries across the world are relaxing laws to allow the legal use of medical marijuana.

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