Entrepreneurs hoping to break into Michigan’s medical marijuana business will have the chance to learn how at a series of five meetings across the state next month.
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Nearly three years after Oregon voters voted to legalize marijuana for adult use, several groups are reaping the benefits.
Folks in the cannabis industry fear that cultivation, production and retail regulations could drive up the price of weed just when consumers are able to buy in stores without a doctor’s recommendation.
Canada is proposing a federal excise tax on marijuana to help ease the path to legalizing the drug, Prime Minister Justin Trudeau said on Tuesday, drawing a cautious response from provinces that would oversee the process.
SPRINGFIELD, Oct. 4, 2017 /Weed Wire/ — The Illinois Department of Public Health (IDPH) has approved applications for approximately 25,600 qualifying patients (including 216 persons under 18 years of age), since it began accepting applications for the Medical Cannabis Registry Program on September 2, 2014.
Three years after Alaska residents voted to legalize recreational marijuana, some Alaskan towns were still mulling whether to ban commercial cultivation and retail sales of the drug.
There’s new scrutiny over medical marijuana dispensaries in Sacramento. A city audit found widespread trouble, including concern over pot shops’ possible unreported cash transactions and the possible hit to city tax revenue.
Last week, Target became one of the first major retailers to start selling CBD-based products. As news of its new offering broke, Target quietly pulled the products, CBD-containing pills and oils from Charlotte’s Web, from its online inventory on Thursday.
While cannabis regulations have already been proposed for Ontario and New Brunswick, British Columbia cannabis regulations have yet to take shape; however, on Sept. 25, 2017, the provincial government announced that it is now collecting public input on how it should sell and regulate the substance.
U.S. Attorney General Jeff Sessions on Wednesday criticized the legalization of marijuana in multiple states and warned that the federal law banning use and sale of the drug “remains in effect,” remarks that could stoke fears of a federal crackdown.
High-level staff at outdoor recreational outfitter REI have internally discussed entering the marijuana industry, but amid ongoing uncertainty on the federal level, the company is not seriously considering such a move.
Gov. David Ige and state Financial Institutions Commissioner Iris Ikeda announced a “banking solution” that allows Hawai‘i’s medical cannabis dispensaries to access financial services and use a cashless payment system
A state marijuana licensing board could decide today whether marijuana dispensaries in Michigan should get to stay open.
BOULDER, Colo., Sept. 11, 2017 /Weed Wire/ — BDS Analytics today launches the cannabis industry’s most comprehensive and granular examination of the California cannabis market, an essential tool for cannabis businesses, investors, and others interested in understanding and assessing the largest cannabis marketplace in the world.
When retail outlets in California finally get permission to start selling recreational marijuana at the start of 2018, thanks to a vote last year, there’s one notable way they won’t be able to deliver the drug—by drone.
Flow Kana is a cannabis distributor that promotes the sale of organic and sustainable marijuana. With recreational marijuana sales beginning next year in California, the company wants to help boost local farm-grown plants over commercial warehouse operations.
The first legal recreational marijuana stores in Massachusetts could open in July 2018. But don’t count on being able to buy marijuana.
It’s a growing trend: hemp for pets. But it could soon be harder to find. Utah’s Department of Agriculture and Food announced Wednesday it had issued warnings to more than two dozen businesses, asking them to stop manufacturing and selling adulterated or misbranded commercial feed.
Oregon cannabis pesticide testing has undergone a rollercoaster of changes in response to the market, stakeholders and regulators, but permanent pesticide rules are now finally in place.
PORTLAND, Ore., Aug. 30, 2017 /Weed Wire/ — Beginning today, August 30, 2017, every batch of usable marijuana (flower and leaves) must be tested directly for pesticides according to the Oregon Health Authority’s testing rules in order to be compliant. This includes untested product that was collected for sampling prior to August 30.
A marijuana store on Main Street is causing a divide in the quirky tourist town of Talkeetna, Alaska. Longstanding tourism operators fear the store will harm their industry, but the pot shop is getting a lot of attention from visitors.
As more states legalize adult use marijuana, hemp CBD makers will find that they will need to make marijuana-derived products too if they want to succeed.
Whereas most weed businesses are working harder than ever to increase their grow capacity, Cronos Group is a company that’s trying to work smarter. Based in Canada, Cronos Group is an investment firm that primarily invests in Canadian-based pot companies involved in Canada’s medical-marijuana industry.
As California gears up for the sale of recreational cannabis, lawmakers are still concerned about cannabis packaging that could appeal to minors. On Aug. 24, 2017, state lawmakers sent Gov. Jerry Brown Senate Bill 663, a bill intended to thwart edibles from being marketed to adolescents, as reported by the Los Angeles Times. Crafted by…
Today, investors are licking their chops over the prospect of a “green rush” when recreational retailers and weed makers are allowed to open for business Jan. 1.
It looks like residents of the Pine Tree State will now have to wait several more months for recreational marijuana sales in Maine.
PORTLAND, Ore., Aug. 11, 2017 /Weed Wire/ — Longtime marijuana advocate and award-winning musician, actor and author Willie Nelson announces his legendary cannabis stash, Willie’s Reserve, is ready to enjoy in the state of Oregon.
Marijuana sales in Colorado, the first state in the nation to legalize recreational weed, surpassed $750 million during the first half of 2017, up about 25 percent compared to the first six months of 2016.
Comedian Tom Segura tells Conan how he can’t believe his son will grow up in a world where marijuana is sold at 7-Eleven.
Maui Wellness Group, LLC dba Maui Grown Therapies is the first licensed medical cannabis dispensary in the state to receive the green light from the Hawai‘i Department of Health (DOH) to begin selling medical cannabis to registered patients and their caregivers.
The North American Marijuana Index, a stock index that tracks the top performing cannabis stocks in the U.S. and Canada, increased 11% in July. This marks the first positive month for the North American Index since January.
Identifying companies in great financial health is important when investing in an industry like marijuana. That being said, the Canadian marijuana stocks on our list all have current ratios of at least 10x, and debt to equity ratios under 20%.
In mid-June home lawn and fertilizer care specialist The Scotts Miracle-Gro Company (NYSE:SMG) lowered its full-year fiscal 2017 outlook, citing a more than 10% drop in mass retail sales compared to the year-to-date checkpoint from the previous year. That was caused by challenging weather this spring in core markets across the United States.
As the legalization of recreational marijuana sales nears, a Maine legislative panel has spent months pondering the best way to tax pot to bring in state revenue, fund regulatory enforcement and discourage the illicit market.
Marijuana safety is a major concern for the Maine lawmakers, who want to make sure all marijuana is tested before hitting retail shelves. On July 20, 2017, the Maine House approved a bill that would require the Department of Agriculture to create testing facilities for marijuana.
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.
State House and Senate negotiators reached an agreement Monday on the state’s voter-approved Massachusetts marijuana law that would allow retail pot sales to be taxed at a maximum 20 percent rate.
Tourists and locals alike flocked to Nevada dispensaries after the state greenlit the sale of recreational marijuana, but less than two weeks later dispensaries across the state are facing a major problem: a lack of marijuana. On July 13, 2017, an emergency regulation was approved in an effort to solve the Nevada marijuana shortage and keep businesses open.
On July 11, 2017, members of the Anchorage Assembly voted and approved a resolution to ask the Alaska Marijuana Control Board to support onsite consumption for locals and visiting tourists.
The city of Orlando has delayed a vote on whether or not to ban new medical marijuana retail outlets.
Alaska’s marijuana industry has brought in more than $1 million in tax revenue since commercial sales began in October.
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
MedReleaf is one of less than four dozen licensed producers and retailers of medical cannabis products in Canada. The company was founded just four years ago, and it focuses on supplying dried cannabis, cannabis oils, and cannabis oil capsules to qualified medical patients in Canada.
The partygoers of Sin City will soon be given the opportunity to indulge in recreational marijuana this Saturday. On July 1, 2017, Nevada recreational marijuana sales will commence as dispensaries will have the green light to sell to adults.
A new study finds an increase in accident insurance claims in three marijuana states that have approved the sale of cannabis for recreational use.
A new California bill making its way through state legislation would allow county fair vendors to sell pot alongside the corn dogs and cotton candy.
On June 16, 2017, the Massachusetts Senate introduced an outline to a bill that preserves the current tax rate on retail marijuana sales. The proposal is in stark contrast to the measure put forth by the Massachusetts House of Representatives.
John Tory said Tuesday that he believes the possession of small amounts of marijuana for personal use should have been decriminalized “years ago,” but that Toronto police should continue to target illegal dispensaries across the city.
Lawmakers reviewing the Massachusetts’ recreational marijuana law plan to recommend sharply higher taxes and more control for city and town officials over retail pot shops in their communities, according to a copy of a House proposal obtained Tuesday by The Associated Press.
Oh, how the mighty have fallen. Shares of Canopy Growth Corp. have dropped by over $6 a share, or 47.5%, since the middle of February.