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.
Tag Archives: Businesses
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’ 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
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
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
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
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
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.
Alaska Reports Dip in Marijuana Tax Revenue in Latest Report
The state of Alaska reported a dip in tax collections from legal marijuana businesses in November.
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.
Cheech Marin Touts State Tool for California Pot Businesses
Comedian and legendary stoner Cheech Marin doesn’t want your pot business to go up in smoke.
Marijuana in the Nevada Workplace Questions
Local businesses are facing a dilema now that recreational marijuana is legal in Nevada. The question is, do they hire someone who uses the drug on their own time? Companies are being forced to review their policies.
San Francisco Mayor Ed Lee Approves Recreational Pot Rules
San Francisco could have recreational weed for sale the first week of January under legislation signed by San Francisco’s mayor.
No Bankruptcy Aid for Marijuana Businesses, Officials Say
The U.S. Department of Justice is issuing another reminder that marijuana businesses don’t have a right to bankruptcy proceedings.
Arkansas to Name Legal Medical Marijuana Growers on Feb. 27
The Arkansas Medical Marijuana Commission says the highest-scoring bids to become the first legal growers of medical marijuana in the state will be announced Feb. 27.
GOP Senator Wants Tax Cut for Cannabis Businesses
A Republican senator from a state where marijuana is legal is pushing this week to give cannabis businesses a measure of tax fairness.
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.
Michigan Reverses Stance, Will Let Marijuana Shops Stay Open
In an about-face, Michigan regulators said Wednesday that medical marijuana businesses can stay open while seeking a state license as long as they have been operating with the approval of their local community.
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.
Oregon Doles Out $85M in Marijuana Tax Revenue
Nearly three years after Oregon voters voted to legalize marijuana for adult use, several groups are reaping the benefits.
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.
Over 200 Pot Businesses at Cannabis World Congress and Business Expo
With recreational marijuana set to become legal in California in just a few months, this year’s Cannabis World Congress and Business Expo was bigger than ever.
San Diego City Council Votes to Legalize Marijuana Cultivation, Manufacturing
The San Diego City Council came to a decision Monday on whether marijuana cultivation, distribution, manufacturing and testing businesses should be allowed within city limits.
Native American Marijuana Hits Nevada, and It’s Tax Free
A tribal Cannabis consulting firm in Nevada has helped arrange key compacts with Native American tribes. In Nevada and elsewhere, Native American tribes are sparking marijuana businesses.
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.
These Are the Top Five Emerging Trends in the Cannabis Industry
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.
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
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
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
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 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.
Mexican Medical Marijuana Was Just Legalized but Investors Beware
Mexican medical marijuana businesses and their investors will have a long time to wait before seeing profits from the newly legalized industry.
Cincinnati Medical Marijuana Business Moratorium for Residential Areas
City leaders placed a moratorium on Cincinnati medical marijuana businesses in residential areas, but they’re not quite closing the door on pot businesses in other parts of the city.
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
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.
U.S. Senators Try to Ease Banking for Marijuana Businesses
Republican and Democratic senators on Wednesday renewed their drive to make banking easier for marijuana businesses in those U.S. states where the drug is legal.
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.
Lobbyists Lining Up to Influence Marijuana Laws in Maine
More than $140,000 has already been spent in the state as stakeholders seek a voice in how lawmakers regulate the lucrative recreational industry.
This Landmark Cannabis Bill is Great News for Marijuana Stocks
Though a benchmark cannabis bill might that brings on a tougher regulatory environment might not seem like a good thing, it’s actually great news for legal businesses and marijuana stocks.
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.
John Oliver Talks Marijuana Laws on Last Week Tonight
Under federal law, even legal marijuana is illegal. John Oliver explains why conflicting drug laws pose serious problems.
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
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.
Stephen Colbert On Denver Getting Marijuana-Friendly Bars
The people of Denver have spoken, and they want marijuana on the menu in bars and restaurants. On The Late Show with Stephen Colbert, host Stephen Colbert jokes and shows Cheers-like marijuana ad for Denver.
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.
County in Washington Opens Door to Legal Marijuana Businesses
On June 30, 2016, Pierce County Executive Pat McCarthy vetoed Ordinance 2016-35s, which would have prohibited legal marijuana businesses from operating in the unincorporated area of Pierce County, Washington.
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.
Fierce Competition in Oregon Forcing Some Dispensaries to Close
In Oregon, the legal marijuana industry is booming, but not for everyone. As the marijuana market develops and reaches market saturation, more and more entrepreneurs have begun to struggle to keep up with the competition.