United States

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USA
the states
the US
Wed
14
Nov

Time to cut the red tape on banks doing business with marijuana?

In 2016, a Republican sweep in races for Congress and the White House signaled the likelihood of changes in arcane banking regulations that elated Wall Street but were as familiar to the denizens of Main Street as the text of the Magna Carta or the 39 signatures on the U.S. Constitution.

The results of last Tuesday's mid-term elections signal a potential shift in a far less esoteric rule: one that effectively prevents banks from opening accounts for marijuana distributors.

"There's growing recognition that the policy that makes it difficult to nearly impossible for state-legal marijuana businesses to have access to banking services is outrageous," said Rep. Earl Bluemenauer, the Oregon Democrat who helped form the Congressional Cannabis Caucus.

Wed
14
Nov

The big election win for marijuana hardly anyone is talking about

This state didn't vote to legalize recreational marijuana, but it did the next best thing.

Marijuana turned out to be one of the biggest winners on election day in the U.S. last week. Michigan residents voted to legalize recreational marijuana. Missouri and Utah voters passed ballot initiatives that legalized medical marijuana. Democrats regained control of the U.S. House of Representatives, which should increase the prospects for federal marijuana reform.

Wed
14
Nov

The time has come: Recruiting for the cannabis industry

Not too long ago, the idea was unthinkable, if not ridiculous. The cannabis industry was still way too fragmented and in flux to justify the existence of an executive recruitment firm.

Wed
14
Nov

The long route from approval to reality on cannabis ballot questions

Nearly two years after recreational marijuana was legalized in the state, experts are concerned that the rollout will be caught up in delays and red tape as medical marijuana, another voter-approved measure, was four years earlier.

When Massachusetts voters approved Question 4 in 2016, they established a Jan. 1, 2018 launch date for sales. That was pushed back by legislators to July 1.

By mid-October, the Cannabis Control Commission, which was created by the law, had issued only six final licenses — two for retail, two for independent testing labs, a fifth for cultivation, and one for product manufacturing. And there are still several steps to take before the businesses will be approved to open.

Wed
14
Nov

Some Michigan communities say no to legal marijuana businesses

Some Michigan communities are already saying no to marijuana businesses after voters approved the use of the drug for people 21 and older .

The South Bend Tribune reports the Niles City Council in southwestern Michigan voted Monday to temporarily opt out of allowing retail marijuana sales in the city. Council members have said they’re waiting for the state to sort out rules and regulations for the sale of marijuana.

The Herald-Palladium reports the southwestern Michigan community of St. Joseph also is among those expected to opt out.

Wed
14
Nov

Eaze expands delivery of nonpsychoactive cannabis across U.S.

Cannabis delivery service Eaze said Wednesday it will start shipping nonpsychoactive cannabinol products across the U.S., expanding deliveries of what analysts predict could be a $22 billion market. 

Wed
14
Nov

MediPharm Labs signs The Supreme Cannabis Company for Cannabis Concentrate Program

MediPharm Labs Corp. (TSXV: LABS) is pleased to announce that its wholly owned subsidiary MediPharm Labs Inc. (“MediPharm”) has entered into a Cannabis Concentrate Program Agreement (the "Agreement") with The Supreme Cannabis Company, Inc. ("Supreme Cannabis") (TSXV: FIRE) (OTCQX: SPRWF) (FRA: 53S1). Pursuant to the Agreement signed on November 13, 2018, the parties have entered into a commercial arrangement whereby Supreme Cannabis will provide MediPharm with dried cannabis to use for the purposes of creating cannabis oil (the "Program"). The Program will be for an initial term of three years.

Wed
14
Nov

Technology has changed the way we get high, forever

If you want to imagine the future of marijuana in the 2020s, picture a 3-D printer. 

Maybe it's in a kiosk at your local legal recreational dispensary; maybe, if you're a particular fan of greenery, it's in your home. Either way, it's pre-loaded with concentrated liquid forms of all  cannabinoids, the different kinds of molecules that make up marijuana. 

The machine has CBD for healing, CBN for sleepiness, THC for the giddy, giggly high; plus a ton of essential oils called terpenes, which generally provide every other subtle effect you've ever noticed with weed.

Wed
14
Nov

Cannabis companies generously support their communities but don't get to deduct it from their taxes

As we come into the home stretch of 2018, the cannabis industry is thinking about big important things. You know… MJBizCon in Las Vegas, the upcoming holidays, end-of-year tax planning. Rest assured, the last group is smallest by far. But not for the reason you’d think.

Non-cannabi will make end-of-year charitable contributions to reduce 2018 federal taxes. Cannabis companies cannot capture that deduction, says Jeff Garrison, CPA. “The same federal laws that prohibit interstate banking and commerce prohibit federal charitable tax deductions by cannabis businesses.”

Wed
14
Nov

Revenues at cannabis startups surge as demand begins to outstrip supply

Three of the largest cannabis companies reported earnings this week, painting a portrait of a nascent industry enjoying surging demand as recreational pot becomes legalized in more places—but they’re also encountering some growing pains.

Aurora Cannabis said Monday its revenue rose 260% to $29.7 million Canadian dollars (US$22 million). Net income came in at C$105.5 million, up from C$3.56 million a year ago, largely because of unrealized gains on securities.

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