Marijuana Business News

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Fri
26
May

Cannabis Entrepreneurs Introduce 'Rapid-Delivery' Edibles That Are 'More Like Alcohol'

Marijuana edibles can be tricky. Candies, brownies, teas or other THC-infused foods and beverages can take an hour or more to have the desired effect and a typical “newbie” mistake is to take a second dose because the first one “doesn’t seem to be doing anything.” When both doses kick in, the consumer can unhappily get caught off guard by the results. To meet the customer demand for predictable and fast acting edibles, entrepreneurs have been developing new cannabis-infused products, and the upside to success is significant.

Fri
26
May

A powerful drug derived from marijuana is on the cusp of federal approval

An experimental drug derived from cannabis to treat epilepsy is on the brink of becoming the first of its kind to win US government approval.

The drug's active ingredient is cannabidiol, the compound in marijuana thought to be responsible for many of its therapeutic effects. Cannabidioldoesn't contain THC, marijuana's main psychoactive ingredient, so it doesn't get users high.

Fri
26
May

Employer loses suit after refusing to hire medical marijuana user for internship

Dive Brief:

  • A Rhode Island Superior Court judge ruled against a local fabrics company after a woman alleged the business refused to hire her for an internship due to her use of medical marijuana, The Providence Journal reports. 
Fri
26
May

How Cannabis Is Fueling a New Fitness Movement

Recreational marijuana use has now been legal in California for six months and counting. On the surface, you’d never know that anything has changed. Since the passing of Prop. 64 in November, there have not been red-eyed, burnout bohemians strewn across the lawns of Griffith Park, nor masses of wasted youth in irreversible states of hysteria. Instead, on a hot Saturday afternoon in May, a group of lithe twenty-somethings clad in the kind of spandex that doesn’t leave much room for snacking gathered on a rooftop in the shadow of the Hollywood hills to practice yoga, and get high.

Fri
26
May

Vermont marijuana veto: What's next

Gov. Phil Scott's veto has thrown the legal marijuana bill back to the Legislature, setting up more work for the summer and fall.

"We can all work together on this issue in a thoughtful and responsible way," Scott said Wednesday, suggesting that there is still a "path forward" for legalization.

Given the complexities of legislative procedure, however, that path could be more like a maze. Among the possibilities:

1. Game over

The bill could land with a splat, leaving lawmakers with the option of reviving their marijuana legalization efforts in 2018.

2. Move forward anyway

Lawmakers could override the governor's veto — which would require a two-thirds vote in both chambers.

Fri
26
May

Are Cannabis Clubs Coming to Oregon? The Proposed Bill Sounds Promising

An Oregon Senate bill could bring cannabis clubs to the state, giving locals and tourists alike a legal place to consume in a social setting outside their own homes.

“The same way as Oregon and our City celebrate our craft beer and wine industry, Portland welcomes and wants to provide opportunities for our emerging craft cannabis industry.”
Portland Mayor Ted Wheeler and Commissioner Chloe Eudaly , Letter to the Joint Committee on Marijuana Regulation

Senate Bill 307 would allow state-licensed lounges to permit cannabis consumption among adults 21 and older, provided the city or county has not banned cannabis establishments.

Fri
26
May

Marijuana leaders look into blossoming industry

Hundreds of people trying to get into the business of marijuana crowded numerous presentations at the third annual Marijuana Business and Conference Expo took place May 16-19 at the Gaylord National Harbor Hotel & Conference Center.

Dozens of speakers shared insights on the medical marijuana and legal cannabis industries.

The perils of changing marijuana from a Schedule I drug to a Schedule II drug was among the topics of interest. Currently, marijuana is in the same category as heroin, LSD and quaaludes. A change to Schedule II would put marijuana in the category of cocaine and oxycodone, which the Food and Drug Administration recognize as having some medicinal purposes.

Thu
25
May

Beleave gets cannabis green light from Health Canada

Moments after receiving the email they had been awaiting for years, executives at Beleave Inc. (CSE: C.BE

Thu
25
May

Mexico's Legalization of Medical Marijuana Yields Opportunities

Mexico's Lower House of Congress recently passed a bill that legalizes the use of medical marijuana and scientific research. In particular, the bill classifies the controversial psychoactive component of marijuana -- tetrahydrocannabinol or THC -- as "therapeutic". The move is akin to the U.S. Drug Enforcement Administration (DEA) rescheduling marijuana to a controlled substance that has therapeutic value for patients.

"The ruling eliminates the prohibition and criminalization of acts related to the medicinal use of marijuana and its scientific research, and those relating to the production and distribution of the plant for these purposes," read a Congressional statement.

Thu
25
May

Vineyards Now Pairing Wine And Weed With New Marijuana Crops

What pairs nicely with a fine Oregon Pinot Noir? I have no idea, but now that recreational marijuana is legal in that state — and will soon be in neighboring California, as well — vineyard owners are taking advantage of the burgeoning market by adding pot plants to their fields.

A few winemakers have been delving into pot farming lately, either removing fields of grapes and planting the marijuana themselves, or leasing out parts of their land to weed growers, reports The Associated Press.

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