Business

Slow Grow

Illinois’ Medical Marijuana Program is a ‘Slow Grow’

The Illinois Department of Public Health has approved 5,600 qualified patients, including 38 patients under 18 years of age, since the Medical Cannabis Registry Program’s inception on Sept. 2, 2014.

Owners and Insurance

Owners Can’t Be Too Careful When Insuring Marijuana Businesses

Business owners were hit with a surprise in 2015 when Lloyd’s of London—one of the largest insurers in the cannabis industry—announced it was backing away from the business. It cited regulatory uncertainty and the high risk nature of the business.

CannaBit Projections and Female Decline

Weekly CannaBit: Top 5 Medical Marijuana Market Growth Projections

Weekly CannaBit for the week of March 28, 2016: According to the 4th Edition State of Legal Marijuana Markets report, published by ArcView Market Research and produced by New Frontier, California is the largest medical marijuana program in the country.

CannaBit Projections and Female Decline

Weekly CannaBit: Explosive Growth of Adult Use and Medical Marijuana Markets

Weekly CannaBit for the week of March 21, 2016: With all of the 2015 year-end data, and a strong opening to 2016, New Frontier has revised the medical and adult use market projections to reflect the market’s continued explosive growth.

Sales

Adult Use Marijuana Sales Up 232 Percent in the United States

On March 22, 2016, ArcView Market Research, in partnership with New Frontier, announced that it had released the 4th edition of the State of Legal Marijuana Markets, an in-depth report on market data for states with legal marijuana.

Kindman Disputes CDA's Pesticide Advisory

Kindman Disputes Colorado MED Pesticide Advisory

On March 17, 2016, the Colorado Marijuana Enforcement Division issued a public health and safety advisory regarding potentially unsafe pesticide residues on retail cannabis plant material and products produced from cannabis cultivated by MGI Inc., dba Kindman.

Shortage

Consultancy Predicts Cannabis Shortage Due to Quality Control Issues

On March 16, 2016, Comprehensive Cannabis Consulting, a cannabis consultancy and author of Cannabis Benchmarks, announced that it predicts there will be a cannabis shortage in Colorado and Oregon due to noncompliant cannabis being removed from circulation.

Banking

Federal Banking Agencies Discussing Marijuana Banking With FinCEN

On March 15, 2016, an official from the Office of the Comptroller of the Currency indicated at the ABA Government Relations Summit that federal banking agencies are in discussions with FinCEN regarding banking for marijuana-related businesses.

stock

Legal Marijuana Might Be The Secret to Bringing Down the Mexican Cartel

Marijuana legalization may have accomplished what the War on Drugs has failed to do — put the squeeze on Mexican drug cartel activity. The U.S. Border Patrol has released 2015 data showing that the number of marijuana seizures throughout the southwest U.S./Mexico border has fallen to the lowest level in a decade, the Washington Post reports. View full article

Sales and Use

Court Finds Legal Marijuana Insurable Under Commercial Property Policy

The U.S. District Court for the District of Colorado in The Green Earth Wellness Center, LLC v. Atain Specialty Insurance Company, No. 13-cv-03452-MSK-NYW, 2016 WL 632357 (D. Colorado Feb. 17, 2016) was recently faced with determining the extent of coverage under a commercial property policy for damage sustained to marijuana plants at a growing facility and addressing

Capsules

Cannabis Capsules: The Smokeless Alternative of 2016

As more and more states more toward legalizing medical marijuana, cannabis is becoming a respected option to treat pain, inflammation and other maladies. Despite this growing acceptance, traditional delivery systems such as smoking and consuming edibles may not fit the needs of all consumers interested in the benefits of medical marijuana.

MJICM_Finance-Investing-Hands-Cash-Web

US Senate Vote Could Finally Allow Cannabusinesses Banking Access

It’s been a couple years now since Colorado and Washington first legalized recreational use and sale of marijuana. In that time we’ve seen lots of changes, but one of the most important things that needs to change, but simply hasn’t, is the lack of banking access for cannabis companies.   One of the most dangerous

Paiute Tribe

Las Vegas Paiute Tribe Breaks Ground on New Dispensary

On Feb. 29, 2016, the Las Vegas Paiute Tribe broke ground on a new medical marijuana dispensary near downtown Vegas, with additional plans to open a cultivation facility on the tribe’s Snow Mountain Reservation.

Oaksterdam Program

Oaksterdam Gearing Up For California Cannabis Business Expo

On March 5, 2016, Oaksterdam University will offer a unique program in response to the growing demand for hands-on cannabis education, and developed for current business owners and managers.

Packaging

CCBE Provides Overview of Regulatory Compliance in Packaging

On March 5, 2016, join David Weidenbach at the California Cannabis Business Expo in San Francisco, as he leads a panel of recognized industry experts on the past, present and future of how packaging will help shape the industry and be instrumental in setting standards and differentiating companies.

Margolis

CCBExpo at the Junction of ‘Grows Meet Pros’ With Margolis

Join Amy Margolis, founder of Emerge Law Group, on March 4, 2016, at the California Cannabis Business Expo in San Francisco, as she explores the challenges, barriers and benefits of partnerships between industry members and traditional investors.

Francis

Doug Francis Replaces Justin Hartfield as CEO of Weedmaps

On Feb. 23, 2016, Weedmaps, an online community connecting users to marijuana dispensaries, announced that Doug Francis had replaced Justin Hartfield as CEO of the company, with Hartfield now acting as board chairman for Weedmaps’ family of companies, including Marijuana.com.

Las Vegas Officer

Retired Police Officer Opens Dispensary in Vegas

The Apothecarium, a medical marijuana dispensary in Las Vegas, opened for business on Feb. 20, 2016. At the helm of the operation is co-owner Dave Kallas, a retired Las Vegas police officer who had 21 years on the force.

Banking

Expert Panel to Explore the New Frontier of Banking in the Cannabis Industry

On March 5, 2016, panelists at the California Cannabis Business Expo will be leading a discussion on “The New Frontier of Banking in the Cannabis Industry.”

Summit seedlings

CCBE Sessions Target Energy-Efficient Solutions for Growers

Managing the costs of growing cannabis is a particular challenge for growers. One of the largest fixed costs is electricity. Since the cost of electricity is unlikely to go down, growers need to look for new and disruptive ways to manage their use of it.

Sales and Tax Use Session

CCBE to Cover Navigating Sales and Use Tax Laws in Obtaining State Licenses

In the session “How California Sales and Use Tax Law Can Prevent Your Business From Obtaining a State License” at the California Cannabis Business Expo on March 5, Mike Parnes will discuss California’s sales and use tax law’s applicability to cannabis-related businesses.

Economic Analysis

CCBE Explores Economic Impact of Cannabis Facts for Entrepreneurs and Investors

On March 5, 2016, at the CCBE in San Francisco, Adam Orens, a founding partner of The Marijuana Policy Group, whose expertise is in market and regional economic analysis as well as public finance, will be addressing the importance of accurate data and how economic and market studies aid progress.

Friday Night After Party

20 Days Until California Cannabis Business Expo’s Friday Night After Party

After two full days of sessions, panels and keynotes, and of course to kick off the weekend properly, attendees of the California Cannabis Business Expo in San Francisco this March will have free access to the Friday Night After Party and Concert.

Emerging

Watch the Cannabis Industry’s First Emerging Brand Showcase

Join us on March 5, 2016, at the California Cannabis Business Expo at noon as we turn the Imperial Ballroom at the Hilton Union Square in San Francisco into a major pitch event for emerging brands in cannabis.


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