Marijuana Business News

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Mon
27
Feb

Illegal drug or medicine?: Michigan marijuana law changes cause local debates

Michigan voters legalized the use of marijuana for medical use in 2008. Until recently, providers and patients remained somewhat hidden.

In December, Gov. Rick Snyder signed three laws that legalized medical marijuana dispensaries, regulated growing and processing facilities and extended legal protections to registered patients who prefer to use non-smokable forms of the drug, including edibles and oils.

The bills, however, left some of these decisions up to local governments. The laws said local leaders could decide if they wanted medical marijuana facilities within their borders. The facilities are banned from setting up shop in any city, village or township without prior approval.

Mon
27
Feb

Canadian Marijuana Stocks Tumble As Trump White House Talks Crackdown

Shares of Canadian and U.S. marijuana producers fell Friday after the Trump administration suggested a crackdown on recreational marijuana may be in the works.

Most of Canada’s publicly traded pot growers ended Friday lower after White House Press Secretary Sean Spicer predicted the Justice Department will be looking more closely at the issue.

“I do believe that you’ll see greater enforcement of it,” Spicer said at a White House briefing.

Mon
27
Feb

Marijuana In Israel Gets A Push From The Right

In Israel, one of the leading countries in marijuana research, a push to decriminalize the drug is picking up steam, and the usual suspect are not leading it. Instead, political hawks and skullcap-wearing businessmen have taken on a cause that was once the domain of the peace camp.

“It is an issue of citizens’ rights,” said Sharren Haskel, who at 32 is the youngest Knesset member in the Likud party. Haskel is proposing a bill to downgrade marijuana possession and use from a criminal offense to an administrative offense. Under her bill, anyone caught with the herb in private would be subject to a 300 shekel fine ($81), while carrying and using in public would be subject to a 1,500 shekel fine ($405).

Mon
27
Feb

A Cannabis-Themed Gym Is Opening in San Francisco This Spring

It may be nearing the end of February, but that doesn’t mean that your New Year’s resolution can’t just be starting. But if that resolution was to start getting to the gym more, you might want to hold out a little bit longer – at least until Power Plant Fitness opens San Francisco’s first cannabis-friendly workout space.

Power Plant is the brainchild of Jim McAlpine, who says that cannabis and working out have long been intertwined, they just haven’t had a platform to interact.

“Cannabis has been part of athletic lifestyles for a long, long time. It’s just been hidden,”  McAlpine told RT News.

Mon
27
Feb

71% oppose enforcing federal marijuana laws in states where the drug is legal

A stark rejoinder to what Sean Spicer said on Thursday about applying federal drug laws to recreational marijuana use even in states that have legalized the drug. The public’s not keen on that idea.

And neither is Trump’s party:

Mon
27
Feb

Ready or Not, Big Business Is Taking Over the Marijuana Industry

If you're looking for one of the fastest-growing industries in the United States, you'd likely struggle to find any with a more sustainably rapid growth rate than marijuana.

According to cannabis research firm ArcView, the legal marijuana industry grew to $6.9 billion in sales in 2016, a 34% increase from the prior-year period. What's more, investment firm Cowen & Co. is predicting legal sales will hit $50 billion by 2026, representing a compound annual growth rate of more than 23% per year over the next decade.

Fri
24
Feb

CannaBiz Day Orlando: Marijuana Business Event Hits Central Florida Ahead of New Regulations

Just weeks before new state medical marijuana regulations are set to be enacted, all of the nascent industry's key players will gather at Florida Cannabis Coalition’s CannaBiz Day Conference at the Caribe Royale Hotel in Orlando, FL, March 25, 2017. Florida voters mandated medical marijuana with 72% support on the ballot in November and the state began issuing patient ID cards this week, confirming that this industry is here to stay.

The largest marijuana business organization in the state, Florida Cannabis Coalition was founded in 2014 to inform and connect anyone interested in Florida’s marijuana industry – and it’s showing no signs of slowing down. This is reflected by the organizations 600+ members and 400+ attendees expected next month.

Fri
24
Feb

Can This Marijuana Stock Add Some Green to Your Portfolio?

Investors in cannabis companies had an eventful 2016 with the approval of recreational marijuana usage in the states of California, Massachusetts, Maine, and Nevada providing a boost to all sorts of marijuana stocks. Of particular note, shares of Corbus Pharmaceuticals (NASDAQ:CRBP) posted a whopping 600% gain in 2016 following positive phase 2 data. Corbus Pharmaceuticals, interestingly, is not at all engaged in medical or recreational marijuana sales -- instead, it's focused on the development of a nonpsychoactive synthetic drug that mimics the body's reaction to THC.

Fri
24
Feb

Luxury Cannabis Brand 'Toast' Debuts First Mobile Cannabis Lounge In Downtown Aspen

Toast™, a luxury, lifestyle Cannabis brand that provides a sophisticated consumer experience, today unveiled its first Mobile Cannabis Lounge event in partnership with Loopr, a Denver based company. The Toast™ Mobile Lounge will run exclusively in Aspen, Colorado from Friday, February 24th through Sunday, February 26th, 2017. This Toast™ experience will activate the mind and relax the body while keeping the consumer in control - the ideal state of mind for making social connections.

Fri
24
Feb

Congressional Cannabis Caucus Unites to Protect Marijuana Industry

The uncertainty created by President Donald Trump’s views on marijuana legalization -- especially recreational marijuana –--has led a four members of the House of Representatives from states that have legalized cannabis to band together on behalf of the cannabis industry.

Led by Congress members from states where recreational marijuana is legal, the Congressional Cannabis Caucus will seek to sponsor legislation that aids the growing marijuana industry and fight attempts by the Trump Administration to crackdown on pot businesses.

Rep. Dana Rohrabacher, R-California, is a founder of the caucus along with Rep. Earl Bluemenauer, an Oregon Democrat; Rep. Jared Polis, a Colorado Democrat and Republican Rep. Don Young of Alaska.

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