Tag Archives: Business

Safety in Numbers Drives Canopy Growth Corp. Higher

Safety in Numbers Drives Canopy Growth Corp. Higher

Safety in Numbers Drives Canopy Growth Corp. Higher

U.S. estimates by investment bank Cowen and Company suggest cannabis sales will increase at a compound annual growth rate of 23% over the next decade to US$50 billion. In Canada, it’s estimated that 5.2 million Canadians will consume legalized pot annually by 2021.

The Fast Moves on MassRoots Inc(OTCMKTS:MSRT) as Pot Stock Sector Booms

The Fast Moves on MassRoots Inc as Pot Stock Sector Booms

MassRoots Inc(OTCMKTS:MSRT) describes itself as one of the largest technology platforms for the regulated cannabis industry. MSRT is at the right place at the right time as the pot sector has been seeing huge growth in recent months as medical MJ products in the U.S. alone are projected to generate up to $35 Billion by 2020.

Arkansas Fee to Grow Medical Marijuana is $100,000 a Year

Arkansas Fee to Grow Medical Marijuana is $100,000 a Year

Arkansans hoping to grow medical marijuana will have to pay an annual $100,000 fee to operate a cultivation facility, the Arkansas Medical Marijuana Commission decided Tuesday.

Medical MJ a Growing Biz in CT: Number of Patients Tops 15,000

Medical MJ a Growing Biz in CT: Number of Patients Tops 15,000

The number of dispensaries in the state also has increased, from the original six to eight, with a ninth, which has met neighborhood resistance, planned in Milford. Much of the growth has come because “the doctors are looking at medical marijuana as a legit treatment option,” Pharmacist Nicholas Tamborrino said.

U.S. Congressmen Establish Bipartisan Cannabis Caucus

U.S. Congressmen Establish Bipartisan Cannabis Caucus

Two U.S. congressmen have established a bipartisan Cannabis Caucus, set to meet next year, according to KIVI-TV’s website. U.S. Rep. Dana Rohrabacher, R-Calif., and U.S. Rep. Earl Blumenauer, D-Ore., founded the caucus in hopes of reforming federal marijuana laws. Rohrabacher said he wants to make states’ rights central to his efforts.

4 Stocks You Can Buy to Profit From the Rising Use of MMJ

4 Stocks You Can Buy to Profit From the Rising Use of MMJ

According to a report by the equity research firm Cowen & Co., marijuana will generate $50 billion in revenue by 2026. That’s roughly eight times the estimated revenue this year. GW Pharmaceuticals and Insys Therapeutics are two big companies with an even bigger future.

U.S. Marijuana Businesses Grapple with Complex Regulations

U.S. Marijuana Businesses Grapple with Complex Regulations

Like all companies that sell marijuana products, Washington state-based Interra Oils must comply with a myriad number of packaging and labeling rules before it can make a sale.

Prop 205

Arizona’s Prop 205 Supporters Expect Legalization to Damage Drug Cartels

In Arizona, marijuana advocates expect legalization to decrease smuggling and damage drug cartels, according to CBSNews.com. Arizonans will vote in November 2016 on Proposition 205, which could legalize recreational marijuana, which supporters say will expose drug cartels to business competition.

Maine's medical pot growers

Maine’s Medical Pot Growers Split on Recreational Legalization

In Maine, medical marijuana advocates are divided on legalization of recreational pot, according to an Oct. 11, 2016, article in the Bangor Daily News. Residents will vote in November 2016 on Question 1, the ballot question which could legalize recreational pot. The state already has allowed medical marijuana.

Marijuana 101

Temple University Announces Marijuana 101 Course For Next Year

Temple University will offer a Marijuana 101 course next year, according to Philadelphia Magazine. The course was created by Linn Washington, a professor in the the Temple School of Media and Communication, and Chris Goldstein, a writer and marijuana activist. It is designed to cover all the basics of marijuana, including history, agriculture and pop culture.

Marijuana prison venture is Damian Marley's vision for economic growth

Marijuana Prison Venture is Damian Marley’s Vision for Economic Growth

The late reggae superstar Bob Marley liked to say that “herb is the healing of the nation”. Now his youngest son, Damian Marley, is putting that claim to the test with a marijuana venture that promises to transform a decaying California prison into a huge medical marijuana manufacturing plant.

Arkansas governor: Medical marijuana would hurt state's businesses

Arkansas Governor: Medical Marijuana Would Hurt State’s Businesses

Arkansas’ governor and lieutenant governor say legalizing medical marijuana would hurt the state’s efforts to attract businesses, targeting two proposals on the November ballot they say would prevent companies from being able to enforce drug-free workplaces.

Philly Marijuana Conference Promises 'Brutally Honest' Advice on Getting Into the Business

Philly Marijuana Conference Promises ‘Brutally Honest’ Advice on Getting Into the Business

Conferences for entrepreneurs eager to break into the cannabis industry have popped up with astonishing frequency in Philadelphia since April, when Gov. Wolf signed the bill legalizing medical marijuana in the state.

How one of America’s most visible Fortune 1000 giants quietly snuck into the cannabis industry

How One of America’s Most Visible Fortune 1000 Giants Quietly Snuck Into the Cannabis Industry

Scotts Miracle-Gro built a multi-billion dollar business by being a market leader across several categories of the lawn-and-garden industry. The problem? Those categories weren’t growing all that fast.

Brendan Hill

Musician Brendan Hill Creates a Unique Way To Sell Recreational Pot

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.”

Canadian

Canadian Producer of Medical Cannabis Prepares to Buy More Land

Aphria Inc., a Canadian producer, supplier, and seller of medical cannabis, has entered into an agreement with DiNiro Farms Inc. to buy 11 acres adjacent to its facilities in Leamington, Ontario, according to a press release. The 11 acres, which include 345,000 square feet of greenhouse space, will be purchased for $2.1 million in cash.

Ohio

Ohio Attorneys Cannot Represent Medical Marijuana Businesses

Ohio attorneys cannot use medical marijuana or help businesses that offer medicinal cannabis, according to an Aug. 11, 2016, opinion from the state’s Board of Professional Conduct. Medical marijuana is still prohibited by federal law.

San Diego

Fewer Marijuana Dispensaries Have Opened in San Diego Than Once Expected

Despite city regulations allowing up to 36 dispensaries, San Diego has only eight after two years of legalized medical marijuana, according to an Aug. 9, 2016, article in the San Diego Union-Tribune. City regulations allow four medical marijuana dispensaries in each of San Diego’s nine city council districts. Six more were approved “months ago.”

Texas

Texas Legislators And Business Leaders Argue For Decriminalization of Pot

Legislators and business leaders in Texas are making the case for decriminalizing marijuana in their state, according to a July 18, 2016, article in the Austin American-Statesman. They are trying to address a common problem. Minor, nonviolent drug offenses often prevent people from getting jobs due to their criminal record.

How to Write an Effective Executive Summary to Secure Financing for a Cannabis Business

How to Write an Effective Executive Summary to Secure Financing for a Cannabis Business

An effective executive summary gives a brief, high-level overview of your business, the financing that you are seeking, and it should pique the interest of decision makers.

Maryland

Former Law Officers Want to Enter Maryland Medical Pot Industry

Several former law enforcement officers want to enter Maryland’s fledgling medical-marijuana industry, according to a June 25, 2016, article in the Washington Post. Maryland will begin issuing licenses to medical-marijuana businesses this summer. The state passed a law allowing medical marijuana in 2014.

Nevada

Nevada Attorneys Could be Prohibited From Investing in Medical Pot Businesses

Nevada attorneys could be subject to misconduct charges if they invest in medical marijuana. Medical marijuana is still not accepted under federal law. Michael Sommermeyer, spokesman for the Nevada Supreme Court, said, “Marijuana is still considered an illegal substance under the feds, and federal law trumps state law.”

taxes

Legal Pot Industry Could Bring Billions in Annual State and Federal Taxes

A legal marijuana industry could contribute billions of dollars in annual tax revenues to state and federal governments, according to the Tax Foundation. “If all states legalized and taxed marijuana, states could collectively expect to raise between $5 billion and $18 billion per year,” the report said.

Walgreens

Walgreens Acknowledges Medicinal Advantages of Marijuana

Walgreens, the drug store chain, has acknowledged the medicinal benefits of marijuana on its health and wellness blog. The post, written by Walgreens Resident Pharmacist Dahlia Sultan, answers several questions about what medical marijuana is, how it works, why it is debated, and what common uses it has.

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.

Application System for Marijuana Establishment Licenses Unveiled

ANCHORAGE, Feb. 25, 2016 /Weed Wire/ — Yesterday, the Alcohol and Marijuana Control Office (AMCO) opened the state’s online application for marijuana establishment licenses. The launch of the online application system is a major milestone in the state’s schedule for implementing and regulating marijuana establishments as passed by citizen’s initiative in November 2014.

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.


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