Marijuana Business News

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Mon
08
Jun

I Tried a Cannabis Massage and This Is What Happened

I know what you’re thinking: Did it get you high?

That’s all anyone asked me after I got a massage with cannabis cream in Denver, where marijuana is legal.
While I consider myself a connoisseur of spas and weed (only where it’s legal, of course), I still wasn’t entirely sure what to expect from the LoDo Massage Studio. I booked the studio’s signature Mile High Massage using Apothecanna’s Pain Cream, a massage lotion laced with cannabis (plus arnica, peppermint, and juniper—but who cares, right?).

Mon
08
Jun

Company pledges $1 million for UBC to study marijuana's effect on HIV

VANCOUVER -- A British Columbia company has pledged to donate $1 million to a university researcher studying medical marijuana's potential for treating HIV-AIDS.

National Green Biomed Ltd., partly owned by former MP Herb Dhaliwal, is awaiting Health Canada's approval of an application to produce and sell cannabis.

University of B.C. assistant professor of medicine M.J. Milloy says the company has so far donated $200,000 toward his work, with a promise to contribute the rest of the money within five years.

Milloy was the lead investigator of an ongoing observational study that looked at the cases of 88 people infected with HIV and living in Vancouver's Downtown Eastside.

Mon
08
Jun

Vancouver public hearing on marijuana under fire

A group opposed to marijuana dispensaries in Vancouver says it will boycott a public hearing this week at city hall about proposed new laws for the stores. 

Smart Approaches to Marijuana Canada is asking others to stay away too.

"We think that this really is going to be a circus and platform for the pot lobby more than anything else," said Pamela McColl who speaks for the group, which is trying to be the voice of dissent for Vancouver's plans to regulate more than 90 dispensaries currently operating in the city.

"It should not be allowed to happen. They should not be given licenses. Let people get marijuana for medical purposes through the Canadian government's Health Canada program," she said.

Mon
08
Jun

The Marijuana Industry in Colorado Could Get Banking Privileges

By Debbie Laity

For those marijuana business owners, what to do with the money is a problem. Most banks have refused to work with marijuana businesses for any kind of banking services and this includes something as basic as a checking account. This refusal is because marijuana is still illegal on the federal level and the banks don't want to violate any federal laws.

It should be noted that some credit unions will work with those in this industry, but they won't come out and publicly say so.

Mon
08
Jun

Hospitals Back Providers Applying for New York State Marijuana Licenses

A hospital in the North Shore-L.I.J. system, which applied for a state medical marijuana license with a Colorado provider. By ANEMONA HARTOCOLLIS June 5, 2015

New York’s new medical marijuana program has drawn the interest of several major hospitals, which have formed alliances with aspiring growers to try to make the drug accessible to their patients.

Mon
08
Jun

Will Marijuana Be a Viable Investment Opportunity Within the Next 10 Years?

Marijuana has inspired the medical community and the investing community, with state legalization spurring interest in companies related to the drug. Yet many fear that the tiny companies that dominate the marijuana industry right now aren't good investments and carry too much risk for the typical investor.

With that in mind, we asked three Motley Fool contributors to weigh in on their views about whether marijuana is or will be a place to invest in the near future. See what they have to say and then weigh in with your comments below.

Mon
08
Jun

New York State to disclose bidders for medical marijuana licenses

State health officials plan to let the public know early next week which companies, nonprofits or other entities bid for licenses to grow and distribute medical marijuana.

Before Friday’s application deadline closed, several bidders had announced proposals, including some now running similar programs in other states. New York’s health department is expected to grant up to five licenses this summer, with each recipient allowed to establish up to four dispensaries.

Mon
08
Jun

Investors get high on marijuana

Last year former videogame entrepreneur Dooma Wendschuh began soliciting investors for what he viewed as a big idea: distilled marijuana extracts, developed by scientists, that could be used for “edibles,” such as brownies, and vaporizers. Rather than hawking flavors or strains of pot, his company, Ebbu, would aim to deliver consistent feelings, such as “chill” and “giggles.”

Mon
08
Jun

This Marijuana Clause May Be a Precedent for Other States to Follow

With a few notable exceptions, the American public's opinion on marijuana -- both medical marijuana and recreational, adult use marijuana -- is growing more favorable.

Mon
08
Jun

Ohio Legislators working to prevent rise of marijuana monopolies from pro-pot plans

COLUMBUS -- Ohio lawmakers are beginning to hear some of the objections raised against plans to legalize marijuana, and it might not be for the reason you think.

According to a report by the Columbus Dispatch, bipartisan support is building to suppress any legislation that could use constitutional amendments to create monopolies.

As currently written, the leading pro-pot proposal -- submitted by ResponsibleOhio -- would change the Ohio Constitution to allow 10 investment groups the exclusive right to grow and sell marijuana wholesale.

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