While drug testing is not new, the legalization of recreational marijuana in states like Washington, Colorado, Oregon and Alaska has added a question mark for some employees.
Business
Coffee, Competition and Separation Anxiety
In Seattle, the home of grunge fashion, Frasier Crane, the Starbucks Corporation headquarters, Initiative 502 and a pot surplus that has undermined the profitability of the stuff, some have spotted a new trend: THC-infused coffee.
Outsmart Regulatory Barriers with Entrepreneurial Engagement
Less than a year ago, Canary, a mobile marketplace startup, was referred to as the “Uber for marijuana.” The company was founded to cater to medical marijuana patients who were not always in close proximity to a dispensary, or who had trouble getting around due to illness.
A Biotech Future for Marijuana?
It is often thought that the economic future for recreational marijuana is relatively limited. The people who use it for fun will eventually move from the black market to the legal market.
Four Washington Dispensaries Sold Pot To Minors
Last week, the Washington Liquor Control Board ran its first regulatory compliance check on recreational marijuana dispensaries in the state and the results were less than stellar. Four out of the 22 retail stores checked were found selling marijuana to minors.
BankingTHC Addresses Cannabis Business Dilemma
When banks close the accounts of legal marijuana businesses, they frequently cite the prohibitive cost of following Department of Justice and Financial Crimes Enforcement Network guidance about complying with the Bank Secrecy Act.
First-of-its-kind Incubator Helps Pot Startups Grow
Canopy, a Boulder-based incubator for pot entrepreneurs, is the first of its kind, reports CBS News correspondent Barry Petersen.
Las Vegas Bank Backs Off Medical Marijuana Accounts
A Las Vegas bank that had planned to offer accounts to medical marijuana businesses has backed off, citing the astronomical cost of complying with federal regulations.
Solving the Cash-Only Issue at the Root
Ed Perlmutter, a Democratic congressman who represents a district just to the north and west of Denver, has introduced HR 2076, addressing the federal barriers to banking for state-legal marijuana businesses.
Why the Marijuana Business Needs Bank Accounts
MedMen Founder and Managing Partner Adam Bierman and Bloomberg’s Keri Geiger discuss cash from legalized marijuana sales and the banking industry.
Peril and Possibility: Direct Sales Channel Marketing
Entrepreneurs must research direct marketing companies and business models carefully. There is a clear difference between a company that is dedicated to educating consumers and a similar model that operates more closely to a pyramid scheme.
Here’s How Big the Legal Pot Business Will Be By 2020
Legal marijuana is already big business in America. Colorado alone sold more than $700 million worth of legal weed in 2014, its first full-year of legal recreational and medical sales.
Businesses Staking Claims in the Marijuana Industry
The marijuana industry in the state of Washington brought rise to more than just the opportunity for anyone over 21 to legally purchase a variety of marijuana products.
Marketing Cannabis as Challenge and Opportunity
In a rapidly evolving cannabis marketplace it is increasingly vital for businesses to stand out from the competition. But many cannabis businesses have a long way to go when it comes to building brand recognition, which is key to long-term success.
9 Things A Cannabusiness Startup Needs To Consider That Other Startups Don’t
Starting a new business is complicated enough – company founders have to find a place to set up shop, hire great employees, manage cash flow, market their goods or services and sometimes hire experts to help.
Crowdfunding Marries Cannabis Startups and Capital
The Marijuana Investor Summit was not short on speakers and panelists offering advice on financing a cannabis business. But many cannabis entrepreneurs learned a grittier lesson in the conference center’s labyrinth-like hallways and the hotel’s lobby bar.
Going Public or Staying Private? A Hard Look at the Hard Questions
At the Marijuana Investor Summit in Denver on April 21, 2015, representatives from five publicly traded cannabis businesses gathered to discuss the state of the cannabis industry from a public company’s perspective.
Patient Advocacy and Community Outreach Drive Successful Dispensaries
One of the most important components of the marijuana industry is the dispensary. Since marijuana can’t ship (legally) through the post office, and since laws in most states are at best vague about delivery services, the best way to sell legal marijuana is in a building, usually called a dispensary.
Cannabis Industry: Enforcing Contracts
One of the many problems created by the conflict between federal and state marijuana law is uncertainty in the enforceability of certain contracts.