Marijuana Business News

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Mon
13
Apr

Michigan marijuana legalization group proposing 10% tax with revenue for roads, schools and cities

LANSING, MI -- An activist-led group seeking to put a marijuana legalization proposal on Michigan's 2016 ballot wants to tax retail sales at 10 percent and allow residents to grow up to 12 plants at home.

The Michigan Comprehensive Cannabis Law Reform Committee -- one of three unaffiliated groups considering a possible petition drive -- on Friday released draft language of its ballot proposal.

Sun
12
Apr

Is the bloom off the bud?

The 'green rush' appears to be over, but local medical marijuana producer taking a slow, steady approach to growth

The bloom may be off the bud from the so-called dot.bong era when there was a rush of investment dollars into the licensed medical marijuana market last spring and summer.

But Bill and John Arbuthnot -- the father and son who founded Winnipeg's only licensed medical marijuana producer, Delta 9 Bio-Tech Inc. -- believe there is plenty of time for patient investors to make solid returns.

One of the first group of 13 producers licensed by Health Canada in April 2014 -- there are now 17, plus an additional eight licensed for cultivation only -- Delta 9 has been working the kinks out as it grows.

Sun
12
Apr

Waimanalo family claims UH hemp study land belongs to them

WAIMANALO, OAHU (HawaiiNewsNow) -A land dispute in Waimanalo could disrupt the University of Hawaii's plans for a new industrial hemp study.

After the blessing for the research project, a Waimanalo family contacted Hawaii News Now saying that land is theirs.

"They're planning on growing hemp on our land and we don't have any problems with it. We would just like some cooperation and some coordination with us, as the owners of course," says the family spokesman Austin Lorenzo.

On Friday, state leaders attended the seed planting ceremony.

Sun
12
Apr

Nutritional High Announces New Mexico Acquisition

TORONTO, ONTARIO--(Marketwired - April 10, 2015) -

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS.

Nutritional High International Inc. (the "Company" or "Nutritional High") (CSE:NHL) is pleased to announce that the Company has entered into a binding letter of intent ("LOI") dated April 8, 2015, to acquire a 51% equity interest (the "Transaction") in Zephyr Management Inc. ("Zephyr"), an exclusive management company being established to provide management and real estate services to Sacred Garden ("Sacred Garden"), an entity licensed to produce medical cannabis in New Mexico.

Sun
12
Apr

MBANK’S LASTING MARK ON THE HISTORY OF THE CANNABIS INDUSTRY

As of April 10, 2015, MBank has announced that they unfortunately have to close their banking services program for those in the cannabis industry, but this not a story of failure, it’s one of admirable progress. Jef Baker, CEO of MBank (OTC:MBNC), is not turning his back on the industry. He’s continuing his mission, he’s pursuing his goals, and he’s not giving up.

Fri
10
Apr

Legal weed might help fill up Portland's new hotel rooms

Travelers who like to toke a little on their adventures may be driving up interest in states that have recently made recreational marijuana legal, including Oregon.

According to the travel website Hotels.com, the legalization of marijuana has helped fire up the number of hotel searches that legal states have seen.

In Colorado in 2014, for example, Denver saw a 73 percent year-over-year increase in hotel searches for check-ins during the weekend of April 20 versus 2013. Hotels.com reported that searches for the same weekend this year were up 60 percent over last year.

Fri
10
Apr

PhytoTech Medical Limited (ASX:PYL) MMJ Passes Critical Milestone in MMPR Licensing Process

Perth, April 9, 2015 AEST (ABN Newswire) - PhytoTech Medical Limited (ASX:PYL) is pleased to report that MMJ has received from Health Canada a "confirmation of readiness letter" that precedes the scheduling of a pre-licensing inspection. 

Highlights

- MMJ Bioscience Inc. ("MMJ") receives pre-inspection readiness request from Health Canada for its Duncan facility that traditionally precedes the scheduling of a pre-licence.

- There are currently only 22 companies holding facilities licensed to produce medical cannabis ("MC") in Canada under the MMPR, with MMJ-PYL on track to become one of the next.

Fri
10
Apr

Colorado’s record February pot sales yield $2.1 million for schools

Published: Apr 10, 2015, 2:49 pm

By , The Cannabist Staff

Colorado sold a record amount of recreational marijuana in February 2015, according to new data released by the state on Friday.

Fri
10
Apr

Innisfil approves provisions for medical marijuana facilities

The Town of Innisfil will now have more say as to where potential medical marijuana production facilities can set up shop in the municipality.

Councillors approved the final town-wide provisions for Health Canada licensed medical marijuana production facilities in committee-of-the-whole Wednesday night, in a record vote of 7-2.

The vote was the culmination of approximately 300 staff hours in drafting the provisions, which featured countless public meetings and presentations to council since early 2014.

Fri
10
Apr

'Weed the People': The highs and lows of legal marijuana

In “Weed the People,” Bainbridge Island author Bruce Barcott delivers a thorough and entertaining survey of the burgeoning legalization of marijuana in the U.S. Barcott appears April 15 at Seattle’s Elliott Bay Book Co.

‘Weed the People: The Future of Legal Marijuana in America’ by Bruce Barcott Time, Inc., 400 pp., $22.95

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