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.
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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.
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.
Nearly three years after Oregon voters voted to legalize marijuana for adult use, several groups are reaping the benefits.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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 businesses and their investors will have a long time to wait before seeing profits from the newly legalized industry.
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.
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.
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.
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.
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.
More than $140,000 has already been spent in the state as stakeholders seek a voice in how lawmakers regulate the lucrative recreational industry.
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.
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.
Under federal law, even legal marijuana is illegal. John Oliver explains why conflicting drug laws pose serious problems.
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.
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.
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.
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.
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.
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.
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.
State Produces Guide for Recreational Marijuana Businesses Designed to Help Navigate State and Local Government Requirements News Release PDF PORTLAND, Nov. 20, 2015 /Weed Wire/ — The Oregon Liquor Control Commission has released a “Business Readiness Guidebook for Oregon Recreational Marijuana Operations” for individuals interested in applying for a recreational marijuana license. The guidebook was produced…
OLYMPIA, Wash., Nov. 13, 2015 /Weed Wire/ — Seven of 14 businesses failed compliance checks conducted recently by the Washington State Liquor and Cannabis Board (WSLCB).
In last week’s city council meeting, commissioner Dan Saltzman proposed amending legislation to create a “green light district” in the downtown region.
Any discussion about investment risks in the cannabis industry must, of course, start with the fact that cannabis is federally illegal.
On August 10 and August 11, 2015, Alaska’s Marijuana Control Board met to unveil and discuss proposed regulations to the state’s recreational marijuana market. Over those two days, citizens and business owners voiced their comments and concerns to the board.
New York, N.Y., June 17, 2015 /Weed Wire/ — Canna Security America, a leading provider of physical security systems and cash management services to the legal cannabis industry, is pleased to announce that it will be exhibiting at the 2nd Annual Cannabis World Congress & Business Expo. The conference will be held at the Jacob Javits Center in New York City from Wednesday, June 17 through Friday, June 19. Canna Security America will exhibit in booth # 143.
SAN FRANCISCO, May 21, 2015 /PRNewswire/ — eCann, Inc. is today announcing a new platform for investors looking to get into the legal cannabis industry. “The Cannabis Investor Summit,” the brainchild of Eddie Miller, Lawrence Michelson and Boris Tsibelman, will showcase the investment opportunities and benefits of investing in the Cannabis industry with an emphasis on the transparency of a cloud-based environment.
When banks close the accounts of legal marijuana businesses, they frequently cite the prohibitive cost of following Department of Justice and Financial Crimes Enforcement Network guidance about complying with the Bank Secrecy Act.
A bill sponsored by a Colorado Congressman that would allow legal marijuana dispensaries access to the federal banking system has been re-introduced to the House of Representatives — but it faces long odds.
The wait is over and the race is on as New York has finally begun accepting medical marijuana applications from businesses. Thousands are expected to apply for a license, but only five will be accepted.
A group of businesswomen hitting Capitol Hill on Thursday want lawmakers to recognize that the marijuana industry isn’t just a boys’ club.
Former Gov. Pat Quinn left behind a list of businesses poised to land the coveted licenses to grow and sell medical marijuana when his term ended this month.
Since the legalization of recreational marijuana in the state of Colorado, the real estate has faced a sudden boom of businesses looking for storefronts and growing warehouses.
Tax professionals who give advice to marijuana businesses in the states where marijuana is legal should not have to suffer adverse consequences because the businesses are illegal under federal law.
Markets resumed their winning ways today, led by small and micro cap stocks. The S&P 500 surged back with a gain of 1.24% to end the day at 1951.
Illinois officials are now accepting applications for people who want to open a medical marijuana dispensary or cultivation center. The number of licenses are quite limited – only 22 available for cultivation centers and 60 for dispensaries.
People want to know what the legal cannabis market will look like. Some talk about price while others talk about quality, and then there are those that just want toke with friends. A topic that is often overlooked is marijuana marketing.