Vermont appears poised to become the next state to legalize marijuana. And, according to top elected officials, it is likely to do so within a matter of weeks.
Tag Archives: Forbes
MIAMI, Oct. 30, 2017 /Weed Wire/ — Montel Williams and Montel Williams Enterprises, Inc. have filed suit in Federal Court in Miami against several corporate entities including three based in Arizona along with Timothy Isaac, an Arizona resident and member of the three named Arizona entities, relating to claims of fraudulent online medical cannabis scams that are deceiving consumers.
A new report on the cannabis industry has identified several emerging trends as more states boldly ignore the federal government and push forward with legalization.
When you think of hemp clothing, you usually conjure up images of hippie dippy tie-dye clothes. Scratchy and made of dull colors available at rock festivals or retailers that favor green causes. Now hemp is going high fashion with emerging apparel brand Bad Decision Adventure Club (BDAC).
Organa Brands is setting itself up to be the best and biggest nation-wide cannabis company. This multi-brand company posts top line sales of over $100 million.
A new report published in Health Affairs found that if all states had legalized medical marijuana in 2014, Medicaid could have saved $1 billion in spending on prescriptions.
MJIC Inc. has added five new companies to the U.S. Marijuana Index as a result of its quarterly rebalancing.
The cannabis industry’s excitement is building as the California takes steps towards establishing its legal recreational market. This week Los Angeles voters approved Measure M to create regulations for adult-use marijuana, thus setting up the city to steal the title of marijuana capital from Denver.
“The Trump effect is good news for the cannabis industry,” said lawyer Lawrence Horwitz at the California Cannabis Business Expo in San Diego on Monday. That comment shocked many attendees who fear that the Trump administration is going to crack down on recreational marijuana.
Delays in implementing Texas’s medical marijuana law could be keeping the state from millions in tax revenues, according to Forbes. The Texas Compassionate Use Act became law on June 1, 2015, but it required doctors to write prescriptions for medical marijuana. Two problems stem from that requirement.
If law enforcement officers in Harris County, Texas, find someone in possession of less than four ounces of marijuana, the officers will take the marijuana and require the possessor to sign a contract to attend a drug-education class. Kim Ogg, the District Attorney of Harris County, Texas, has decided as of March 1, 2017, she will no longer prosecute most marijuana cases.
Now that marijuana is legal in several states, prices are falling, and that is changing the marketplace, according to Forbes.com. “Wholesale marijuana prices declined in 2016 from $2,500 to $1,000 per pound, with some dispensaries offering recreational ounces as low as $65 on CannaSaver.com,” Brian Shapiro, Chief Executive Officer of CannaSaver, said.
Real estate is the next big catalyst for marijuana stocks in 2017, as more voters demand legalized recreational and medical cannabis in their states.
As U.S. Senate hearings began on Jan. 10, 2017, for Sen. Jeff Sessions, President-elect Donald Trump’s anti-marijuana nominee for Attorney General, rumors about the Drug Enforcement Agency shutting down dispensaries were already circulating.
Now, a new year is almost here and a new administration for the cannabis industry to navigate. It’s time to look ahead and see what’s in store for the cannabis industry in 2017.
Viridian Capital Advisors recently reported the global cannabis industry has raised more than $1 billion in 2016, according to Forbes. Most of the $1 billion-plus in capital investments was raised in the United States and Canada, with other countries contributing small amounts, Scott Greiper of Viridian said.
An emerging luxury marijuana market is offering cannabis products to high-end consumers, according to Forbes. Despite stereotypes of marijuana users, a study of 800 cannabis consumers by Miner & Co. revealed 84 percent have full-time jobs and 65 percent have annual household incomes of $75,000 or more.
SAN DIEGO, Dec. 14, 2016 /Weed Wire/ — Medical Marijuana, Inc. (OTC PINK: MJNA), the first-ever publicly traded cannabis company in the United States, today announced that the Company, its products and investments were featured in a Forbes article focused on the current cannabidiol (CBD) market size and anticipated massive growth.
LEAF, a smart, self-contained, single-purpose grow-chamber that enables anyone to grow cannabis (or food and herbs) in their own home.
New Cannabis Ventures broke the news Monday evening. It will be the first publicly-traded cannabis-related Real Estate Investor Trust or REIT and, if approved, would be the first cannabis company to be traded at the venerable NYSE.
Could recreational marijuana hurt the medical marijuana community? A new report from GreenWave Advisors believes that legalized retail marijuana will disrupt the emerging medical sector.
Brendan Hill, drummer for Blues Traveler, has created a unique way to sell recreational marijuana in Bainbridge Island, Wash., according to an Aug. 24, 2016, article at Forbes.com. A little more than a year ago, Hill opened Paper & Leaf, tagged as “Bainbridge Island’s first and ONLY premier recreational cannabis boutique.”
Money seems to be pouring into the cannabis industry as many investors believe the return on these early investments will be huge.
Marijuana supporters are crossing their fingers that the Obama administration will act soon to reschedule cannabis because neither candidates for president or vice president are giving them any positive feelings.
Even as the legalization of marijuana loses its shock value in some states, women still lag men in buying marijuana.
Federal securities regulators have filed a complaint against Bruce Perlowin that charges the CEO of publicly-traded Hemp Inc of committing a long-running fraud by evading securities registration provisions and selling hundreds of millions of unregistered shares.
A common argument against the legalization of marijuana is that it will decrease the substance’s perceived harm and lead to an increase of use among teenagers.
OAKLAND, Calif., /Weed Wire/ — Court is in session today June 6, through Friday June 10, leaders from Harborside Health Center are once again challenging the federal government, this time in Tax Court at the Federal Building, 450 Golden Gate Avenue in San Francisco, from 10am to 5pm.
On May 24, 2016, MassRoots (OTCQB: MSRT), a social media app for cannabis enthusiasts, announced that NASDAQ denied the company’s application for listing on the NASDAQ Capital Market, which had been filed back in August 2015.
A new study suggests youth attitudes are not directly affected by legalization of medical marijuana. The study, published in the American Journal of Public Health, said young people who live in states where medical marijuana has been legalized probably already had liberal views about the drug.
MassRoots, Inc., the ‘Facebook’ for cannabis consumers, is filing an offering to go public with hopes that the NASDAQ will approve them for a listing.
Now you can celebrate Bob Marley’s birthday by smoking Marley branded marijuana.
Chase bank has closed the account of a cannabis news website for….get ready…reputational risk.
The clock is ticking for the Illinois medical marijuana program. A low number of approved patients could force some marijuana businesses to close just as the program is getting underway.
NEW YORK, N.Y., Oct. 29, 2015 /Weed Wire/ — Viridian Capital Advisors, a New York City-based firm that is a financial and strategic advisory platform dedicated to the Cannabis sector, will be speaking on a live webinar entitled, “Investing in the Cannabis Market While Managing Risk.”
At regular intervals throughout the year, just about every industry takes time out to get its ranks together to network, entertain potential clients and show off new products.
MassRoots (OTC.BB:MSRT) has been called the Facebook for pot smokers, but this online social website for the cannabis community is fighting cannabias.
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.
New York State has begun accepting applications for its medical marijuana licenses this week. Applicants can submit questions through May 5th and the Department of Health Services (DOH) must answer those questions by May 14th.
Some may not like it, but legal cannabis is big business already — a $700 million business last year in Colorado alone, Viridian Capital & Research reports.
Cannabis Sativa, Inc. (OTCQB: CBDS) has unveiled a line of cannabis-infused lozenges in Washington. This product is an opportunity for investors to borrow some inspiration from Tootsie.
With pot now legal in two states for the past year,and decriminalized, conditionally legal, or medically prescribed in many more, ganja startups are gaining traction — and the growth potential is huge, if other states legalize.
The intersection of 3D Printing, a medical marijuana inhaler and Wi-Fi really does sound like something out of Star Trek.