Tag Archives: Businesses

Why Marijuana Stocks Aren’t Worth Your Money

Why Marijuana Stocks Aren’t Worth Your Money

Legalized marijuana has a lot of investors having visions of lots of green. With legalization sweeping across the states, it seems to be a great time to invest in marijuana stocks. Unfortunately, it’s not.

Canadian Regulators Repeat Call for Weed Firms to Disclose U.S. Risks

Canadian regulators on Thursday reiterated their call for listed cannabis producers with U.S. businesses to clearly disclose risks of operating there, and warned of potential punishment if U.S. federal anti-marijuana laws are more strictly enforced.

Massachusetts Federal Prosecutor: Opioids, Not Pot, Are Priority

Massachusetts Federal Prosecutor: Opioids, Not Pot, Are Priority

Massachusetts’ new federal prosecutor said on Wednesday he will not rule out prosecuting marijuana businesses in a state that has legalized the drug, but stressed that his focus is on the opioid epidemic.

Court Challenge Seeks to Block Vast California Marijuana Farms

Court Challenge Seeks to Block Vast California Marijuana Farms

An alliance of California marijuana growers filed a lawsuit Tuesday to block state rules that they fear could open the way for vast farms that would drive smaller cultivators out of business or send them into the black market.

Paul, Wyden, Polis, and Massie Defend Hemp

Paul, Wyden, Polis, and Massie Defend Hemp

WASHINGTON, Jan. 17, 2018 /Weed Wire/ — Sen. Rand Paul, R-Ky.; Sen. Ron Wyden, D-Ore.; Rep. Jared Polis, D-Colo.; and Rep. Tom Massie, R-Ky.; defended hemp farmers and businesses, authoring an amicus brief to the 9th U.S. Circuit Court of Appeals in the Hemp Industries Assn, et. al. v. D.E.A. case.

Polis Defends Hemp’s Small Businesses and Farms in 9th U.S. Circuit Court of Appeals

Polis Defends Hemp’s Small Businesses and Farms in 9th U.S. Circuit Court of Appeals

WASHINGTON, Jan. 17, 2018 /Weed Wire/ — Rep. Jared Polis, D-Colo., defended hemp farmers and businesses, authoring a brief to the 9th U.S. Circuit Court of Appeals in the Hemp Industries Assn, et. al. v. D.E.A. case.

AG Coffman Urges Congress to Update Banking Laws Regarding Legally Operating Marijuana Businesses

DENVER, Jan. 16, 2018 /Weed Wire/ – Today, Attorney General Cynthia H. Coffman joined a bipartisan group of Attorneys General in sending a letter to Congress urging them to take the necessary legislative actions to allow legal marijuana businesses access to banking services.

Michigan Agencies Increase Medical Marijuana Law Enforcement

Michigan Agencies Increase Medical Marijuana Law Enforcement

Law enforcement agencies across Michigan are using excess state revenue from medical marijuana patient and caregiver fees to boost enforcement efforts as the state prepares to license dispensaries and pot businesses in certain communities under a new regulatory system.

National Cannabis Industry Association Responds to Department of Justice’s Move to Rescind Marijuana Enforcement Guidelines

National Cannabis Industry Association Responds to Department of Justice’s Move to Rescind Marijuana Enforcement Guidelines

WASHINGTON, Jan. 4, 2018 /Weed Wire/ — Today, U.S. Attorney General Jeff Sessions announced that the Department of Justice has rescinded the “Cole Memo” and two additional memos related to marijuana enforcement policy. These memos, issued in 2013 and 2014, have helped to clarify the Department’s response to state-legal cannabis activity.

Get a Pencil: California Marijuana-Tracking System Not Used

California’s legal pot economy was supposed to operate under the umbrella of a vast computerized marijuana-tracking system to track from seed to storefronts, ensuring that plants are followed throughout the supply chain and don’t drift into the black market.

Nevada Marijuana Businesses Have Created More Than 6,700 Jobs

Nevada Marijuana Businesses Have Created More Than 6,700 Jobs

Although the Silver State just started recreational marijuana sales this past summer, the number of workers Nevada marijuana businesses employ is creating quite the buzz.

First Commercial Insurer to File Cannabis Business Insurance is Approved by Insurance Commissioner

Cannabis businesses licensed by the State of California may now purchase commercial insurance coverage from an admitted commercial insurance company. Insurance Commissioner Dave Jones has approved the filing of the first admitted commercial insurance company to file cannabis business insurance, so that the insurer can begin writing policies and offering coverage for cannabis business owners.

Making the Case for Cannabis as an Ethical Investment

Making the Case for Cannabis as an Ethical Investment

The high-growth industry certainly offers terrific prospects that would be envied by many tech stocks. However, a big hurdle for some investors is investing in “sin stocks,” or what could be perceived as unethical industries and businesses.

Uruguay's Legal Marijuana Business Faces Challenges by Banks

Uruguay’s Legal Marijuana Business Faces Challenges by Banks

Two months ago Uruguay became the world’s first country to legalise the production and sale of marijuana throughout the entire country. Now, Uruguay’s legal marijuana businesses are facing major challenges from banks throughout the country.

Iowa's New Medical Marijuana Law Draws Interest From Possible Entrepreneurs

Iowa’s New Medical Marijuana Law Draws Interest From Possible Entrepreneurs

Several dozen people have expressed interest in manufacturing or distributing medical marijuana products under Iowa’s new law, despite strict limits on what they would be able to sell, a state administrator said Wednesday.

Colorado’s Marijuana Tax Revenue Now Exceeds Half a Billion Dollars

Colorado’s Marijuana Tax Revenue Now Exceeds Half a Billion Dollars

These days, cannabis is Colorado’s cash crop. In the three-and-a-half years since the state began allowing adults to purchase marijuana for recreational use, cannabis has contributed more than half a billion dollars in tax revenue to both state and local coffers.

San Francisco Office of Cannabis to Regulate Recreational Marijuana Sales

San Francisco Office of Cannabis to Regulate Recreational Marijuana Sales

With legalized recreational marijuana sales fast approaching, San Francisco is set to create a new Office of Cannabis to handle cannabis permits and complaints and serve as a centralized resource for the public and businesses.

DC Slated to Give Licensing Preference to Minority Owned Cannabis Businesses

DC Slated to Give Licensing Preference to Minority Owned Cannabis Businesses

The Washington D.C. city council has advanced emergency legislation that would grant licensing preference to local and minority owned cannabis businesses applying for a medical marijuana license.

Las Vegas Marijuana Dispensaries Gear Up for Extra Business

Las Vegas Marijuana Dispensaries Gear Up for Extra Business

Medical marijuana dispensaries in Las Vegas are now selling pot to anyone who can prove they are over the age of 21. The measure to legalize marijuana was approved by Nevada voters last November, and now for the first time, a torrent of Fourth of July tourists will be able to enjoy them – with some restrictions

Sonoma County Medical Marijuana Business Applications Available July 5

Sonoma County Medical Marijuana Business Applications Accepted July 5

In California, Sonoma County workers have been busy preparing for the expected rush of business owners waiting at the county’s door on July 5, 2017. Starting at 8 a.m. on Wednesday, Sonoma County medical marijuana business applications will be accepted at departments throughout the county.

Los Angeles County Cannabis Ban Extended to Unincorporated Areas

Los Angeles County Cannabis Ban Extended to Unincorporated Areas

On June 6, 2017, a Los Angeles County cannabis ban was extended after a unanimous vote by the Los Angeles County Board of Supervisors. The regulations call for a ban on commercial cannabis businesses in unincorporated areas and also include new rules for personal cultivation.

California's Insurance Department Talks Cannabis Protections With Stakeholders

California’s Insurance Department Talks Cannabis Protections With Stakeholders

On May 23, 2017, Dave Jones, Insurance Commissioner for the California Department of Insurance, brought together a group of 63 insurance-related stakeholders to discuss cannabis protections for state-legal cannabis businesses.

Proposed Connecticut Budget Bill Adds Cannabis Legalization

Proposed Connecticut Budget Bill Adds Cannabis Legalization

In a Connecticut budget bill introduced on May 16, 2017, Democrats included legalizing, regulating and taxing recreational marijuana. According to the Marijuana Policy Project, the proposal would allow adults 21 and older to buy marijuana from dispensaries.

Sacramento Taking Steps To Regulate Marijuana Businesses

Sacramento Taking Steps to Regulate Marijuana Businesses

On Tuesday, the City Council passed two ordinances relating to marijuana manufacturing and testing businesses. Business owners will be able to apply for a permit beginning May 4.

World of Cannabis - Medical Marijuana State Initiatives

World of Cannabis: Medical Marijuana State Initiatives

Watch the World of Cannabis in Las Vegas tackle the details of medical marijuana state initiatives. Matthew Abel, attorney and director of Michigan NORML, covers recent medical marijuana developments in Michigan. Ari Gerstin, an attorney in Miami, and Michael C. Minardi, Senior Partner at Minardi Law, provide an update on medical marijuana in Florida.

LA Sheriff Thinks Feds May Target Marijuana

LA Sheriff Thinks Feds May Target Marijuana

The leader of the nation’s largest sheriff’s department says he expects federal drug agents will attempt to step up marijuana enforcement as California moves forward with legalization. But Los Angeles County Sheriff Jim McDonnell said he believes there isn’t the manpower to conduct widespread raids on growers and businesses selling marijuana.

Humboldt State University Surveying Cannabis Businesses in California

Humboldt State University Surveying Marijuana Businesses in California

The Humboldt Institute for Interdisciplinary Marijuana Research, based at Humboldt State University, has launched the HIIMR Medical Cannabis Business Registry to capture data on California’s marijuana industry.

Oregon

Tax Revenues From Oregon Pot Sales Could Exceed Forecasts by $40 Million

Marijuana sales in Oregon were expected to bring between $2 million and $3 million in tax revenues this year, but the state’s take hit $10.5 million in the first quarter. Having exceeded the year’s expectations during the first three months of the year, Oregon’s tax revenues from pot sales are now forecast to reach $43 million in 2016.


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