Marijuana Business News

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Wed
13
May

Kush Bottles Acquires Dank Bottles LLC

LOS ANGELES May 12 2015 /PRNewswire/ -- Kush Bottles North America's premier supplier of customizable child-resistant packaging solutions and accessories for the marijuana industry announced today that they have acquired Dank Bottles LLC dba Kush Bottles Colorado. The acquisition comes one year after an agreement was struck between the two companies granting Dank Bottles an exclusive distributorship of Kush Bottles products in the state of Colorado.

Greg Gamet Justin Jones and Bryan Sullivan the founders of Dank Bottles will remain active leaders in the Colorado operations and will take on additional business development responsibilities nationally.

Wed
13
May

Medical marijuana cultivation facility shuts down in Anchorage after state warning

A medical marijuana facility in Anchorage shut its doors Monday after the state warned that it would take enforcement action against the business.

AK Hydro Gardens closed on Monday morning, owner Ryan Smith said.

The company billed itself as a medical marijuana cultivation center. Medical marijuana cardholders would apply to have their plants grown in the Anchorage facility, and would pay a membership fee for the business to maintain their plants.

On the company’s website, Smith wrote that the business had been advised that “if we continue to grow excess amounts of marijuana in one location without a recreational license,” the state would “take law enforcement action.”

Wed
13
May

On Private Vs. Public Companies, Unicorns and Cannabis

Would you like to invest in Uber? Or how about Airbnb? Well it turns out that you can’t. If you’re a regular Joe or Jane investor, there are no shares to buy for either company, or for companies like Pinterest and SpaceX.

Tue
12
May

Mentor Capital CEO on MoneyShow Cannabis Expert Panels

Marijuana Named as Next Big High Growth Sector

SAN DIEGO--(BUSINESS WIRE)--Mentor Capital, Inc. (OTCQB: MNTR) reports that its CEO, Chet Billingsley, will be a guest speaker at two cannabis investment panels this Monday and Tuesday at the MoneyShow being held at Caesar’s Palace in Las Vegas. The May 11th panel is titled “Meet the Experts Behind Medical Marijuana: Your Top Investments in this Growing Industry for 2015” and is hosted by Matt McCall, founder of the Penn Financial Group. The Tuesday panel is hosted by Scott Greiper, the founder of Viridian Capital, and covers “Investing in the Next Big High Growth Sector” and will be webcast at 4:45 PM.

Tue
12
May

Can the Tesla Powerwall Help Grow Operations Save Money?

At the end of last month, Tesla unveiled their new product line, Tesla Energy, a series of batteries which may revolutionize the way people use electricity in their homes.

“Our goal is to fundamentally change the way the world uses energy,” said Elon Musk, CEO and product architect of Tesla Motors, “which sounds crazy.”

Tue
12
May

Marijuana dispensaries: citizens caught in middle of values clash

It's not easy living above a clash of ideologies.

But that's where residents of Maxine Clough's Vancouver condo building find themselves: stuck between Ottawa's virulent opposition to marijuana and cannabis activists bent on legalization.

Meanwhile, the very real pot dispensary on their ground floor is open for business.

"We're in the middle," says Clough, who supports calls to regulate Vancouver's rapidly multiplying dispensaries.

"We're stuck here, and the city seems to be trying to do something. And we've got the feds saying: 'Don't you dare!'"

'Marijuana is not a medicine'

Tue
12
May

GW Pharma reports high hopes for its cannabis-based drugs despite losses

BRITISH drugmaker GW Pharma­ceuticals yesterday posted a widened half-year, pre-tax loss, as it invested more in its cannabis-based Epidiolex treatment for childhood epilepsies.

The pharmaceutical company, dual listed on Aim in London and the Nasdaq in New York, posted a pre-tax loss of £13.7m for the six months ending March, which widened from £10.6m a year ago.

Revenue fell to £14.3m from £15m, meanwhile, as research and development costs rose from £21m to £30.5m.

However, GW Pharmaceuticals said it had raised $167.8m (£110.4m) in its offering and has high hopes for its epilepsy treatment.

Tue
12
May

B.C. municipalities seek national support on pot dispensaries debate

Lower Mainland municipalities want the support of other Canadian jurisdictions as they push for a national debate on the regulation of marijuana dispensaries.

The B.C. communities are submitting a resolution for discussion at next month’s Federation of Canadian Municipalities convention. The document, a copy of which was obtained by The Globe and Mail, says local governments have the authority to regulate marijuana dispensaries.

The resolution was endorsed by a coalition of 33 local governments from the Lower Mainland last week and will be forwarded to the FCM and the Union of B.C. Municipalities for consideration at their 2015 conventions.

Tue
12
May

Marijuana Biz to Generate $8 Billion in Sales in Three Years, Study Predicts

Master P and Silkk The Shocker aren't the only ones looking for weed to make money anymore.

Marijuana is legal for adult use in two states and available to medical patients in almost half the country, and legal sales generated over $2 billion in 2014. But a regulated pot industry could unltimately generate $45 billion annually if marijuana is legalized nationally, according to an industry study published earlier this month.

Tue
12
May

Report shows that vice can pay, at least when investing

A new report out from investment app SigFig digs into the demographics behind so-called sin stocks: Investing in the likes of cigarette companies, breweries, casinos and marijuana. It turns out investing in sin can be lucrative.

One in eight investors have bought into sin stocks, according to the report, with 7 percent of investors buying into tobacco companies. Over 2 percent of investors have support marijuana companies; while just under 2 percent of investors go into both casino gambling and alcohol.

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