Twenty-three states have now legalized or decriminalized marijuana. The weed that became popular in the 1960s and ’70s has outgrown its reputation as a dangerous “gateway drug” and is increasingly accepted as a treatment for certain illnesses and a source of relaxation and fun.
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Some invisible business spirit once whispered, “If you build it, they will come,” (or its variant, “If you book them, they will come). The hectic marijuana business conference schedule for the winter and spring suggests that marijuana entrepreneurs are not waiting for Election Day.
The country’s largest cannabis investor group held a pitch forum in Chicago.
We talk about how some Illinois residents plan to invest in Illinois’ medical marijuana business. And, we look at the Illinois Green Party’s attempts at getting on the November ballot. Plus, we chat with one of Chicago’s renowned photographers, John H. White.
There’s “Big Coal” and “Big Tobacco;” there’s “Big Oil,” and with the dominoes of cannabis prohibition tumbling, “Big Pot” rises.
Just like that klatch of stoners who always hung out under the oak tree during high-school lunch period, the burgeoning marijuana industry needs some women, pronto.
Anyone who has ever succumbed, credit card in hand, to the siren song of a garden catalog that arrives during a February snowstorm realizes that there is money to be made from hobby gardeners. But when the crop is marijuana, the motivation is more likely to be medical than horticultural.
Budding entrepreneurs of all strains need two kinds of advisers: an accountant and an attorney. Leaving accounting aside for the moment, let us focus on what to look for in a marijuana business attorney, given the friction between federal and state law where marijuana businesses are legal and regulated.
Pot culture has been described as testosterone-fueled boys’ club in which women are objectified as “hot pot babes.” What happens on the stoner side of things seeps insidiously into the world of policy reform and legitimate business. Statistics are scarce, but the legal marijuana industry also seems to be heavily male dominated and more than a little alien for many businesswomen.
MJ Freeway has product suites targeted at three distinct sectors of the MMJ industry. “Grow Tracker” is for producers and cultivators, “Mix Tracker” is geared towards processors and infused product manufacturers, and “Gram Tracker” is targeted towards collectives, clubs, retailers, and dispensaries.
On July 18, the House of Representatives voted in favor of an amendment designed to make it easier for banks to do business with marijuana-related businesses.
As the multi-billion dollar cannabis market transitions above ground, there is no shortage of conflict and confusion while investors and entrepreneurs scramble to get their hands in the legal pot.
A week before the grand opening of Cannabis City, James Lathrop paces by the conspicuously bare glass display cases in his small shop, tucked away just south of downtown Seattle.
Marijuana business owners are getting Rocky Mountain High in Denver this week. The National Cannabis Industry Association is hosting their first-ever Cannabis Business Summit. The summit takes place June 24- 25, 2014, at the Colorado Convention Center. According to the summit’s official website, it is intended to give marijuana business owners the chance to exchange ideas, discuss best practices, and learn about regulations, policies and legislation.
New Year’s Day 2014 was the first day Colorado allowed licensed vendors to sell marijuana to anyone 21 years or older, making buying a bag of pot virtually the same as buying a six-pack of beer. Just 24 hours later, the state’s retail marijuana shops, most of which are in the Denver area, surpassed an aggregate $1 million in sales.
One of the more ingenious ways of making money in the cannabis industry has come from the Cannabis Career Institute. The CCI offers workshops for budding herbal entrepreneurs covering a variety of topics necessary for those wishing to enter the cannabis trade.
On this edition of Tomorrow’s Business Today, David Friedman from [MJI News] reveals new ways to invest outside the box. Also joining the program are Adam Justice and Mike Justice from ConnectSense who chat about new developments in Security apps.
Following its transfer to droop a fifth microcap firm that claims to be engaged within the rising marijuana business, U.S. securities regulators issued a warning to investors about the danger of fraud within the area. Proper information regarding trade within the marijuana sector may be withheld from hungry investors, the SEC warns. VIEW FULL ARTICLE
B.C. investors be forewarned about the green rush: the budding marijuana enterprise holds some inconspicuous business scams.
The financials behind the marijuana industry is undoubtedly lucrative, but just how lucrative exactly?
Scam artists leave investors high and dry after having poured their money into, what they believed to be, a promising market share.
Marijuana businesses capitalize on celebration of 420 as April 20, a pot holiday and Easter, approaches. In Denver, businesses use day to promote cannabis.
Marijuana Incubator Group is now public and seeking to help other weed-related businesses that are also targeted to grow exponentially.
The marijuana industry is a young, delicate flower blossoming at a quick rate. This growth leaves room for many deceptive, internal business practices to fall by the wayside, especially when looking at the overall success of the industry.
What do Cheech, Chong and accredited, well-suited businessman have in common? Marijuana has made them millions.
Security for cannabis-related businesses is a growing concern, but one company is in the process of helping out with surveillance.
Over 40% of the legal marijuana consumed is in the form of edible products
One clear obstacle stands in the way when it comes to business and investment opportunities within the legal marijuana trade: federal law. But will the tax revenue generated within the state of Colorado sway the views of congress?
Knowing of Washington’s subpar recreational marijuana structure, Sean Green is the first pot business license holder in the state of Washington. It’s so far so good for Sean, but how will his newfound business play out in the future?