Whereas 21 U.S. States have legalized medical marijuana and customers are queuing up to buy it, the same is not true of financial institutions. They complain about the heavy fines they could incur if they so much as touch a banknote that smells of pot. This has caused Walgreen, CVS and Rite Aid to stay clear, but it has left the field wide open for new entrants.
Tag Archives: Colorado
Medibles have mobilized. MagicalButter, a company based in Seattle, unveiled The Samich, a pink and green food truck, at the Cannabis Cup in late April. The Cannabis Chef, an online resource for cooking with cannabis, offers recipes and insight. Jane and Mary Box launch quarterly subscription service, which “provides subscribers with the specialty ingredients and tools required to concoct delicious, gourmet herb-infused edible creations in the comfort of their own home (subscribers only have to provide their own marijuana or infused additives).”
Instabill is leading marijuana businesses toward accepting credit cards, rather than cash, as an acceptable payment.
Pot leaf symbol: Could it be used as a label to warn children not to consume medibles?Colorado hopes so. Dispensaries are required to provide patients and recreational users with childproof labeling and packaging upon checkout. The reason for this is quite obvious: to prevent children from accidentally eating these enticing treats, and, consequently, getting high.
Cannabinoid research company, Cannabis Therapy Corp., is expected to present at an upcoming cannabis summit in Denver.
In a valiant effort to attract a larger demographic to the Colorado Symphony Orchestra, attendees are encouraged to BYOW (bring-your-own-weed).
Banking services for legal marijuana is all the talk right now, but what happens when banks decide that the cannabis industry is too risky to partner with?
An innovative event series hosted by the Colorado Symphony Orchestra (CSO) invites potheads to a concert at a private art gallery where they can puff away while grooving to chamber music. Denver wants to halt the event because they claim it could violate city and state rules according to a constitutional amendment that bans pot use in public places.
Colorado proposed credit unions could act as banks for marijuana investors. Breaking news: Colorado lawmakers approved. Gov. John Hickenlooper ready to sign.
Colorado has sold $14 million worth of pot in February risen to $19 million last month in March, significantly boosting the state’s tax revenue.
Issues surrounding banking has been a known hurdle for marijuana business owners in Colorado. However, things are looking up for these cannabis retailers who may now have a cooperative banking option.
Colorado lawmakers are reviving House Bill 14-1398, which would allow dispensaries to form cooperatives along the line of uninsured credit unions.
State regulators in Colorado wrestle to control the surge in medibles. Labeling system proposed. Colorado Symphony Orchestra hosts Classically Cannabis on May, 23, 2014.
On April 21, 2014, CNN’s Political Ticker reported on a pessimistic exchange on Christie’s monthly “Ask the Governor” radio spot. His response to a probe concerning the benefits of legalizing marijuana was the flat retort, “You say it’s going to come down the road. You know it may come down the road when I’m gone. It’s not going to come while I’m here.”
Quinnipiac University news release from April 28, 2014: researchers report on opinions in Colorado following the January 1, 2014, legalization. The overall conclusion is good news for marijuana investors. The system is bedding down nicely. The majority seem content, although some dissent is inevitable.
Marijuana policy debate continues. Colorado examines edibles. In Brooklyn, New York, District Attorney Thompson and Police Commissioner Bratton square off.
Yesterday, authorities shook down the details of marijuana management in a variety of states and counties. Some were pyrrhic victories by officials resisting change. Others represented a small step towards freedom. Another take could be that they are a sign that marijuana has come home to our restlessly bickering society.
Strainwise VP speaks about his dispensary’s business tactics, marketing and more.
By Richard Farrell In 1971, when marijuana was still firmly in the closet, a bunch of California high school kids used the term 420 as their private code for pot. This helped them to remember to meet at 4:20 p.m. when school was out, to share their hobby in the shadow of a quiet wall.…
The motto of The Centennial State is “nil sine numine,” which means nothing without help from the powers above. Providence also means prudence, foresight and sagacity. Colorado had all three in abundance when it came to recognizing citizens’ rights to marijuana. Its wise decision has also sparked new business opportunities.
The financials behind the marijuana industry is undoubtedly lucrative, but just how lucrative exactly?
While Eric Holder may have told the Huffington Post of his “youthful experimentation” when in college, he is not holding out for a marijuana victory on Capitol Hill anytime soon. Nonetheless, the Attorney General is “cautiously optimistic” about what is happening in Colorado and Washington. MMJ Investor News treats this as progress, considering it comes straight from the horse’s mouth.
Nevada shell company Pladeo Corp. has announced intentions to provide a range of services in the marijuana sector. Targeted activities include providing advertising, entertainment, finance, marketing and lodging services. It is currently waiting for the FINRA to approve its new name, The MaryJane Group Inc. The company has already started rolling out services in downtown Denver.
We’ve all seen vending machines that dispense various snacks, but now consumers can grab themselves some weed with the push of a button.
The debate around whether to allow pot or not generally follows two themes. The medical string focuses on strains high in cannabidiol that are helpful when used as palliative treatment. The real issue regards proponents of the social movement, who want access to cultivars with intoxicating concentrations of cannabidiol.
Scam artists leave investors high and dry after having poured their money into, what they believed to be, a promising market share.
As medical marijuana barriers come tumbling down across America, the smart money is wondering which state will follow Colorado and Washington down the road to full legalization. The answer does not lie in a single factor model. First the people must vote. Next their legislators must be in sync. Finally, the governor must go along with the decision.
The Zazzz vending machine and the Amherst pot party are signs of a minor revolution sweeping through America. While they pale in comparison to more historic social movements, there are similarities because Americans are tired of waiting for change so now they are demanding it.
Barring a few spats to come in the heartland of conservatism, medical marijuana has become a feature in American media. Sure, we bicker endlessly over it, but that’s our culture. For today’s post I grabbed three media reports almost at random. Taken together, they make for a curious story.
Tensions have been running high in Minnesota lately, with Gov. Mark Dayton facing a television commercial that openly accuses him of singlehandedly blocking medical marijuana. However, he isn’t blocking all medical marijuana, rather he has been trying to steamroll a restricted measure that only permits medical marijuana for seizure disorders. Activists have discounted this because it deprives many other patients of the benefits.
Marijuana businesses capitalize on celebration of 420 as April 20, a pot holiday and Easter, approaches. In Denver, businesses use day to promote cannabis.
Someone’s special shipment just might not make it to their front door, as more weed-filled packages are being intercepted than ever before.
The marijuana industry is a young, delicate flower blossoming at a quick rate. This growth leaves room for many deceptive, internal business practices to fall by the wayside, especially when looking at the overall success of the industry.
The murky world of illegal marijuana trading is alive and well in Denver regardless of Colorado’s liberal policies, but my money is on legal marijuana prevailing.