Marijuana Business News

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Sat
20
Jun

Cannabis Leaf Personalised Aluminium Military Army Dog Tag Pendant

Now available on E-Bay  Cannabis Leaf Personalised Aluminium Military Army Dog Tag Pendant complete with chain and Organza Gift Bag

 

Editor's note: Cannabis is gaining acceptance as a medical treatment option for Military Veterens suffering from PTSD. Expect more products and licensing opportunities for the pro-medical marijuana community.

Sat
20
Jun

Having Kids Can Change Your Life — And Your Business Plan

How does a serial entrepreneur confront the challenge of parenthood?

By launching a startup, of course.

Ivan Lopez comes from a family of entrepreneurs. His paternal grandfather was involved in businesses as diverse as coffee beans, mining, and aerospace while his maternal grandfather was a man of many hats in his small Mississippi hometown.

So it’s not surprising that, in addition to working at Disney, Red Bull, and Sony in business development, marketing and management, Lopez is on his seventh stand alone startup with UK-based Wauwaa, a one-stop website for parents that sells quality baby products along with child rearing advice from parents and medical experts alike.

Sat
20
Jun

Police: Fla. man allegedly advertised weed on Craigslist

Criminals, it's not a good idea to take out ads revealing possible criminal activity.

A man from Miami-Dade County was arrested Tuesday after he was caught advertising “top shelf” marijuana on Craigslist, KeysInfoNet reports.

David Ramos Stringer

Marijuana

Undercover deputies from the Monroe County Sheriff’s Office replied to the ad and Ramses Silva, 23, said he had “fire” for sale at $320 an ounce, according to KeysInfoNet. Fire is street slang for high-quality marijuana.  

Sat
20
Jun

Charlottetown hosting medical marijuana conference

A conference about medical marijuana is being held in Charlottetown Saturday. 

The conference will include an overview of the current laws surrounding the use of medical marijuana. The Supreme Court of Canada recently ruled that patients can can consume marijuana, as well as use it in extract and derivative form, rather than just smoking the plant. 

Organizers say they hope to raise awareness through the event.

Panel discussion participants include a pharmacist and a representative with the Canadian Mental Health Association.

The conference is being hosted by the group Maritimers Unite for Medical Marijuana.

Sat
20
Jun

The Best Training For Aspiring Entrepreneurs

In 2013, Silicon Valley venture capitalist Paul Graham let slip a secret. “I can be tricked by anyone who looks like Mark Zuckerberg,” he told New York Times Magazine. “There was a guy once who we funded who was terrible. I said, ‘How could he be bad? He looks like Zuckerberg!’”

It turns out even an experienced investor like Graham can be influenced by the notion that entrepreneurial success is genetically predetermined—inherit the right combination of money-making DNA, and you’ll wind up the founder of the next billion-dollar-valued startup.

Sat
20
Jun

Big funding for vaporizers suggests confidence in cannabis biz

Pax Labs, the San Francisco maker of a popular electronic cigarette, announced $46.7 million in new funding Wednesday — a sign of investor confidence not only in the booming vaporizer market but also in the marijuana industry.

Formerly known as Ploom, the maker of the Pax and JUUL vaporizers will use the investment to expand its technology into other spaces as well as expand its current products overseas. Currently, the product is only sold in the U.S. and Canada.

Sat
20
Jun

Investors lining up to make Canberra the cannabis capital

Curus Medical director Andrew McCrea with his wife Jane, who suffers from a debilitating muscle condition. Curus hopes to establish a legal cannabis industry in the ACT.

Investors have begun sizing up Canberra as a likely base for a multimillion dollar medical cannabis industry they believe could be up and running within six months of getting the green light from the ACT government.

States and territories across Australia are currently reviewing their cannabis laws following a wave of public interest in the issue, spurred on in part by major private donations to research into the medical potential of the drug and a growing list of countries now operating large-scale medical cannabis programs.

Sat
20
Jun

Marijuana cash is problem for Illinois tax collection

CHICAGO (AP) - The state of Illinois is having trouble finding a bank or financial services company to process the large amounts of cash it anticipates receiving for taxes and fees from the new medical marijuana industry.

The state treasurer’s office received no response to an official solicitation published last fall, so Illinois State Treasurer Michael Frerichs has started a formal process to find out why.

Potential bidders may not have known about the opportunity or may be concerned about legal questions, industry experts said. Such caution may stem from uncertainties specific to Illinois - including the marijuana pilot program’s 2017 expiration date and so-far low patient numbers, said Michael Mayes, CEO of Quantum 9, a Chicago-based marijuana industry consultant.

Sat
20
Jun

Marijuana licensee sets sights on Highland Park

A Lake Forest couple is seeking City of Highland Park approval to open a medical marijuana dispensary using the license their company, Northshore Alternative Therapy LLC, was awarded by the state in February.

Andy and Veronica Hunt are proposing to open a dispensary in the Briergate Business District west of Route 41. They would lease a portion of a new building to be constructed by Kelev House 2 at 1460 Old Skokie Road, according to information provided to the city. The now-vacant lot south of Deerfield Road is located between an auto repair shop and offices.

Sat
20
Jun

Illinois Market Watch: High Fees and Low Patient Count Complicating Business

Despite an ongoing national trend showing that acceptance of marijuana, particularly for medical use, is continuing to swing upwards, there are continued signs of a marijuana backlash in some states. This is affecting not only patients but the business community that aims to support them.

In Illinois, this could not be any better illustrated than the current trials and travails facing both. The unbelievably low number of patient registrations to date has led one company who had won a state license to return it. Green Thumb Industries, the original owner of the license, did not want to pay both the $200,000 registration as well as commit to the required $2 million escrow.

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