Marijuana Business News

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Wed
13
May

A Strategic Breakdown of Business Investment Tiers

If you’re looking to fund your cannabis startup or have an exciting new product that you’re sure is going to rock the market, there are a few things you should know first. Money comes in different flavors. And, investors, depending on their taste, are more likely to fund some ventures than others.

But that doesn’t necessarily mean your project needs to be strictly unique or innovative to get funded.

There are equity lenders and debt lenders. Most new entrepreneurs think of equity investors when they think of financing. An equity investor gives you money to make money, based on, among other things, how intriguing your project might sound. Of course, you will also need a solid business plan, assets and an exit strategy.

Wed
13
May

Drug Reform: All heading in the same direction?

While drug prohibition has benefitted a minority, it has caused considerable harm to so many. Yet tough enforcement on banned substances has continued for five decades. Desperate to end this monstrous drug war and replace it with a drug policy rooted in evidence, experience and reason, should drug reformers embrace any policy improvement and see it as a step in the right direction?

Wed
13
May

Service Leaders Will Be Hard Hit by Internet of Things Revolution: Harvard’s Michael Porter

At the Liveworx conference in Boston last week, Michael Porter, Harvard Business School professor and well-known business strategy expert, spoke about what he called “the third wave of IT innovation” — the Internet of Things.

Wed
13
May

The Future of Pot? Leave It to the Pros, Not the Stoners

If you like puns, then you’ll love the American pot industry. Whether it’s bongs, brownies, or the buds themselves, pot-treprenuers (see what I did there) never saw a product they didn’t think could be improved by adding “Green,” “Canna,” or “Mary Jane” to the name.

Wed
13
May

Indiana Church Plans Pot-Smoking Worship Service in Test of Religious Freedom

The congregation will 'explode in glory,' church founder says, assuming cops and a willing landlord let them.

Indiana’s First Church of Cannabis plans to host its inaugural worship service July 1, the same day the state’s controversial religious freedom law takes effect. If all goes according to plan, the service will offer a bold test of the law’s ban on government burdens on the exercise of religion.

Adherents of the recently established church worship cannabis, which is illegal to grow, use or possess under state law.

The first service, church founder Bill Levin says, will open with “Amazing Grace” played on harmonica by a popular young musician and move to a quick sermon and short member testimonies about positive things that happened in the past week.

Wed
13
May

Illinois turns over marijuana applications to lawyers

An applicant who was denied a license is suing the state.

CHICAGO -- Illinois has turned over 13,000 pages of documents to attorneys challenging how the state awarded one medical-marijuana business license, marking the first release of such material.

While the records remain closed to journalists and the general public, the disclosure represents a win for attorneys representing a disappointed applicant and might eventually shed light on a secretive process. The case is one of several similar lawsuits being closely watched by the new marijuana industry.

 

Wed
13
May

Hemp Seed On Its Way To Colorado, With A Federal Blessing

Following months of wrangling, the Colorado Department of Agriculture has secured a permit from federal drug enforcement officials to import industrial hemp seed from foreign countries.

The seeds are essential to kick-start Colorado’s hemp industry, which state agriculture officials say has seen a bottleneck in research and cultivation due to a lack of viable seed stocks

 

Colorado’s hemp registration program has taken off since the implementation of Amendment 64, which also legalized recreational marijuana in the state. With the new federal permit, the first shipments of seed could be here in two weeks, mostly from Italian universities.

Wed
13
May

Marijuana ads on Vancouver radio prompt national agencies to pass to the left

Justin Wilcomes is known to push boundaries. Now he’s pushing medicinal marijuana.

Better known by his DJ name Drex, he made his name asking Premier Christy Clark an inappropriate question about her sexual desirability as a mother, which she laughed off.

It got him fired from 98.9 Jet FM in Courtenay, but he was hired by CKNW last fall to host a show from 6 to 10 p.m.

Last month, Wilcomes began pitching medicinal marijuana on-air for Eden Medicinal Society.

Wed
13
May

$8 million deal for Colorado pot shop considered by Aspen officials

The Local Licensing Authority will weigh a change of ownership application associated with a potential $8 million sale of Aspen Green Dragon, one of six cannabis dispensers in town, at 9 a.m. Tuesday.

Ryan Milligan, co-owner of Denver-based cannabis company Greenwerkz, filed the application recently with City Clerk Linda Manning. Today’s hearing, which begins at 9 a.m., represents the first set of hurdles in the potential deal with Green Dragon.

Wed
13
May

CannLabs Launches Custom Content Channel on theCannabist.co

DENVER, May 12, 2015 -- CannLabs, Inc. (OTCQB: CANL), today announced the launch of a custom content science channel on theCannabist.co, The Denver Post's cannabis-focused news and culture website. Launched in December of 2013 to cover legalized marijuana in Colorado, The Cannabist features news, strain reviews, recipes, store maps and more about the state's expanding marijuana industry. Ricardo Baca, the nation's first major newspaper marijuana editor, edits the site.

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