A proposal to be introduced in the Denver City Council Monday would cap the number of licenses for dispensaries and cultivators.
Business
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.
San Felasco Nurseries Awarded Florida’s Sixth Medical Marijuana License
On April 4, 2016, the Florida Department of Health approved San Felasco Nurseries as a medical marijuana dispensing organization.
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.
Legal Pot Business Buzzing, But Growing Pains Loom
Heightened competition in the market for legal recreational weed is pushing prices down and firing up border wars across state lines.
Oregon Receives 778 Completed Marijuana License Applications
On April 1, 2016, the Oregon Liquor Control Commission issued an up-to-date report on the number of marijuana applications it has received, with the application statistics organized by the county of the proposed premises.
Etain Opening Fourth and Final Dispensary in New York
On April 1, 2016, Etain, a family-run business and one of the five licensed medical marijuana providers in New York, will open one more dispensary in the state.
Whoopi Goldberg Launches Medical Marijuana Line for Menstrual Cramps
On March 30, 2016, Whoopi Goldberg announced in Vanity Fair that she is launching Maya & Whoopi, a medical marijuana company with a product line specifically targeted to relieve pain associated with menstrual cramps.
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.
Testing Cannabis for the Whole Supply Chain: Growers and Dispensaries
Why do cultivators of state-legal cannabis test their product? The question may sound naïve but, as we’ll see, it is worth asking.
Lawmakers Press Financial Regulators on Marijuana Banking
A collection of state lawmakers from three different states are pressing financial regulators to issue clear banking guidance to financial institutions regarding legal marijuana businesses.
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.
Cannabis Business Owners: You Can Fight City Hall
Cannabis business owners must quickly become accustomed to living in a world where nearly every aspect of their operation is meticulously regulated.
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.
Cannabis Growers Look to Traditional Farmers for Lessons
Cannabis cultivation is moving from darkened basements into well-lit growhouses and even farm fields.
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.
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.
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.
Denver Pot Company to Try Again with a Colorado Marijuana Resort
A Denver company is going to try again to open a marijuana-themed resort in Colorado. The MaryJane Group Inc. (OTC Pink: MJMJ) said it’s signed a deal to operate Camp Bud+Breakfast at Aspen Canyon Ranch.
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…
Essence Dispensary Opens on Las Vegas Strip
On March 9, 2016, Essence Dispensary, a medical marijuana provider in Nevada, opened its second location on 2307 S Las Vegas Blvd, being the only medical marijuana dispensary on the Las Vegas Strip.
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…
Cannabis: Israel’s next big medical export?
The number of people in Israel being treated with cannabis has soared from a few dozen 10 years ago to about 23,000 in 2015. Cannabis producers … View Original Article Here
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.
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…
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 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.
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.
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.
Uncover California Business Models by Understanding Land Use and Zoning for Operators
California’s new Medical Marijuana Regulation and Safety Act has created a sandstorm of controversy surrounding local permitting.
Canadian Pharmacy in Negotiations to Sell Medical Marijuana
One of Canada’s largest pharmacy chains is reportedly pushing to become a provider of medical marijuana.
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.
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.
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.”
Reputation Management in the Cannabis Industry
Want to know the most important factor for being a respected professional in today’s legal cannabis industry? Reputation.
Recreational Marijuana Sales Outpace Tax Registrations
EUGENE, Ore. (AP) – Nearly a fourth of Oregon’s medical marijuana dispensaries selling the drug recreationally are not registered to pay taxes on those sales.
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.
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.
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.
Roseanne Barr to Open Medical Marijuana Dispensary
Comedic legend and television star Roseanne Barr is poised to join the growing list of celebrities entering the legal marijuana market.
Desert City to Become Medical Marijuana Hub
The California desert city of Adelanto will soon be home to more than two dozen medical marijuana cultivation companies, in a move the city hopes will bring it back from the brink of financial ruin.
Marijuana Sales Spiked Over Super Bowl Weekend
While traditional Super Bowl parties typically involve chicken wings and alcohol, the increased acceptance and legality of marijuana use have made the substance a growing staple for sports-related festivities.
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.
Tweed Partners with Snoop Dogg in Canada
On Feb. 12, 2016, Tweed Inc., a subsidiary of Canopy Growth Corporation (TSXV: CGC), announced a partnership with Snoop Dogg to customize brand strategy and curated content exclusively for its Canadian market.
Legal Cannabis in Colorado Worth Nearly $1 Billion
On Feb. 9, 2016, The Cannabist reported that Colorado collected $996.2 million in legal medical and recreational sales in 2015, representing a 42% increase from the $699 million in sales that had been recorded in 2014.
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.
Facebook Shuts Down Oregon Marijuana Dispensary Web Page
MEDFORD, Ore. — Facebook has shut down a Rogue Valley marijuana dispensary’s page as part of a nationwide crackdown on anything that promotes drugs.
Vegas Marijuana Business to Open Three Dispensaries
Essence Dispensary, a medical marijuana provider in Nevada, has plans to open three dispensary locations in the Las Vegas Valley by this spring.
Woody Harrelson Applies for MMJ Dispensary License in Hawaii
On Feb. 5, 2016, the Hawaii State Department of Health announced the list of 66 applicants for medical marijuana dispensary licenses.
State-Level Price Assessments to Empower Marijuana Market Decisions
Legal cannabis is a protean market that reacts to internal factors affecting individual cultivators, as well as external factors from the evolving regulatory landscape.