Marijuana Business News

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Tue
21
Mar

Cronos Group Execs Discuss The Challenges Of Exporting Cannabis As An Insurance-Reimbursed Product

Cronos Group Inc (CVE: MJN) (OTC: PRMCF) is one of the largest licensed cannabis producers in Canada, only trailing a few industry behemoths like CANOPY GROWTH CORP COM NPV (OTC: TWMJF), APHRIA INC COM NPV (OTC: APHQF) and AURORA CANNABIS IN COM NPV (OTCL ACBFF).

Tue
21
Mar

As Colorado Gets Ready To Allow Pot Clubs, Indoor Smoking Still An Issue

For three years, recreational pot has been legal in Colorado, but using it in public is still against the law. That will change this summer when pot clubs are slated to open.

A blinking "open" sign hangs on the outside of an old building in a dark industrial zone just outside the Denver city limits. When the front door opens, smoke billows out.

Inside is one of the state's few pot clubs, called iBake. Recently, members celebrated the anniversary of its opening.

Glassy-eyed patrons bounce off each other in the small space.

People can smoke pot in here because the club is private; you have to be a member. And it's outside city limits, away from city police.

It's not the easiest way to make money, but Steve Nelson Jr. started iBake to fill a need.

Tue
21
Mar

Canada's 'Princess of Pot' Returns Home to Vancouver to Begin Cutting Ties with Cannabis Culture Empire

Canada’s “Princess of Pot” flew home to Vancouver Monday to cut ties with the cannabis empire she and her husband spent decades growing.

Jodie Emery returned to her Chinatown apartment for the first time since being released from custody earlier this month in Toronto, where she, her husband Marc Emery, and three other associates in the Cannabis Culture business were arrested and charged with a range of offenses including drug trafficking.

“I am so grateful to be back where the nature and the forest and the mountains can soothe my soul, after that concrete jungle,” she said Monday in her first interview since returning to Vancouver.

Tue
21
Mar

Delivra Signs Exclusive Licensing Deal with Dosecann for Cannabis Oil Formulations in Metered Dose Formats

Delivra Corp. (TSX VENTURE: DVA) ("Delivra" or the "Company"), Dosecann Inc. ("Dosecann") and ARA-Avanti Rx Analytics Inc. ("Avanti") announced today a strategic partnership to develop a unique suite of standardized products for the medical cannabis research, development, and commercialization markets.

Tue
21
Mar

Massachusetts Marijuana Taxes Could Bring in More Than $100 Million Annually

Lawmakers made their first public revenue estimations since marijuana was legalized last fall.

Massachusetts revenue officials are expecting a pretty high return when retail marijuana sales begin next summer.

The Legislature’s Joint Committee on Marijuana Policy held its inaugural hearing on Monday, and officials estimated that taxes on recreational pot could bring in more than $100 million annually, The Boston Globe reported

Mon
20
Mar

Winnipeg opens cannabis education centre, hosts convention

It could be as early as this year that you could walk into a store and purchase marijuana legally.

“It would only involve Health Canada regulated products, and they would be on display,” Derek Ogdan, president of National Access Cannabis said.

The new cannabis education centre opened in Winnipeg on Friday with the purpose of answering questions and connecting clients with a doctor. Ogdan said despite popular belief, the average age of their clients across the country is 41-years-old, and they prefer to use oils rather than smoke the substance.

“They take a dropper, use a dropper and take the exact amount that they want so there’s consistency. And then they’ll use that perhaps every evening,” Ogdan said.

Mon
20
Mar

Marijuana industry blossoms as significant campaign contributor

It’s been less than three years since Nevada lawmakers put in place regulations allowing for the legal growth and sale of medical marijuana, and the budding industry has done more than just widely expand its customer base — it’s also become a player in the world of Nevada campaign finance.

Marijuana dispensaries, owners and growers gave $75,000 to legislators during the 2016 election cycle, with nearly half of the donations — $31,550 — going to Democratic Sen. Tick Segerblom, who in 2013 authored a bill establishing regulatory framework for medical marijuana dispensaries and is one of the industry’s biggest advocates.

Mon
20
Mar

Here's the Scoop on a Recently Introduced Marijuana Bill That Would Protect States' Rights

The marijuana industry has been practically unstoppable for the better part of four years.

Since 2012, eight states (along with Washington, D.C.) have legalized recreational, adult-use pot, including residents in four states who voted in favor of doing so in the November 2016 election. In fact, if not for Arizona, which had its adult-use proposition fail in the November elections, marijuana would have had a clean sweep.

Just as impressive, since 1996 -- which is when California became the first state to legalize medical cannabis for compassionate use in select ailments -- 28 states have legalized medical marijuana. Two states (Ohio and Pennsylvania) did so in 2016 entirely through the legislative process.

Mon
20
Mar

Colorado: Longmont City Council to hold public hearing on marijuana home-grow limits

Longmont's City Council will hold a Tuesday night public hearing on an ordinance that would regulate and limit the growing of marijuana inside homes for residents' medical or recreational use.

Also on Tuesday, the council is to decide whether to provide Longmont water and sewer service to a commercial indoor marijuana growing facility that's been proposed for a building on a property northeast of the St. Vrain River and 119th Street, which is outside the city's boundaries.

Mon
20
Mar

Washington: Senior citizens take tour of marijuana production plant

In one senior living facility, residents got the opportunity to take a highly unusual kind of tour.

Eight residents of Village Concepts, an assisted living facility in Seattle, toured a marijuana production plant along with a retail marijuana shop. They learned about different forms of marijuana and even got to interact with the plants growing in the facility.

The production plant was one of many in Washington, a state where marijuana consumption is legal for adults over the age of 21.

Among elderly adults, the CDC reports that marijuana consumption has risen 455 percent since 2002. Many senior citizens use the drug to help ailments such as arthritis.

Residents who went on the tour said the experience was unforgettable.

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