Marijuana Business News

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Fri
10
Feb

How Does Your Garden Grow: Hydro vs Soil Grown Cannabis

If you type “cannabis growing methods” into your favorite search engine, more than half a million results for tips, tricks, products and other suggestions from the pros on how to maximize your crop will pop up.

There are many options for growers – either under a commercial license or legally at home – and most people who have experience growing have opinions about their favorite methodology. While everyone might not agree about the best way to cultivate cannabis, most will agree the process is complicated.

Fri
10
Feb

The Trump Administration Doesn't Appear to Be Slowing Investment in the Marijuana Industry

As the new head of the Justice Department, Attorney General Jeff Sessions will have sweeping power over how the federal government approaches marijuana under President Donald Trump's administration. 

Marijuana currently exists in a legal gray area at the federal level. 

The federal government classifies marijuana, which is illegal nationally, as a schedule I drug, meaning that it considers the plant to have no acceptable medical use and a high potential for abuse.

Fri
10
Feb

How Marijuana Is Transforming the Event Industry

From “bud bars” to cannabis-infused dinners, find out how marijuana is being used in states that have legalized it.

Four states legalized recreational use of marijuana in November—California, Massachusetts, Maine, and Nevada—bringing the total number to eight plus Washington, D.C. As these laws go into effect, and attitudes toward the drug begin to soften, expect to see everything from cannabis-infused food and beverages to rolled marijuana cigarettes at events such as festivals, weddings, and more.

Fri
10
Feb

Arizona Packaging Issue Prompts Marijuana Condiment Recall

An Arizona-based medical marijuana dispensary is recalling four weed-infused condiments due to packaging and pathogen concerns.

Before putting “Marynara” tomato sauce on your pasta, make sure it hasn’t been tainted. A recent article from AZ Central says that four marijuana-infused food items available at a variety of Arizona dispensaries have been recalled including: Marynara Tomato Sauce, Dank’s Redhot Sauce, Funny Mustard, and Spicy Highnz Ketchup.

Fri
10
Feb

Delay in Tax System Imperils California's Rush to Govern Cannabis Economy

The regulatory and taxing system that will be needed to govern California’s newly legalized marijuana industry may not be in place by a key deadline next year, imperiling the state’s rush to oversee a booming $7 billion cannabis economy. 

Multiple state agencies, including the Bureau of Medical Cannabis Regulation, are scrambling to develop rules for licensing and taxing cannabis cultivators and other businesses in the industry.

But State Sen. Mike McGuire, D-Healdsburg is among those concerned that the legal framework will not be in place by the Jan. 1 deadline set by Proposition 64, the marijuana legalization measure approved by voters three months ago.

Fri
10
Feb

California’s Favorite Cannabis Delivery Startup Has 2016’s Weed Trends Hidden in Its Sales Data

Gorilla Glue #4 and vaporizer cartridges have Eaze drivers busy in the Golden State.

With recreational use already legal, and a more open retail market coming next year, California has one of, if not the biggest cannabis market in the world. To serve that market, weed delivery startup Eaze came on the scene in 2014, and has since amassed a clientele of 25,000 medical customers. Because no central marijuana database or strict regulation exists yet, a look at Eaze’s sales date and a survey of 5,000 users - or their “State of Cannabis” report - gives some much needed insight into the buying habits of California’s medical marijuana patients.

Fri
10
Feb

Claims to Make a Fortune off Medical Marijuana Stocks in Florida

The world wide web has turned into an advertising platform as companies are able to buy space to market their product or products.

It's going a step further though, as sponsored ads seem to be using Florida's passage of medical marijuana as a way to make money. 

This advertisement popped up on the Yahoo website in hopes of getting you to look into 'the Green Gold Rush.'

The three sentences point out, "If you've never invested, now's the time to start....This is the last legal way for the little guy to grow rich...Learn how - See the details here."

Fri
10
Feb

Colorado Sells More Than $1 Billion of Marijuana in 2016

Newly released state figures show Colorado's marijuana dispensaries sold $1.3 billion worth of recreational and medical pot in 2016.

The Denver Post reports that the Colorado Department of Revenue released tax data Thursday showing the third straight year for growth since the state legalized recreational marijuana sales.

Last year's total pot sales were up from about $996 million in 2015 and $699 million the previous year.

According to the 2016 data, recreational marijuana accounted for $875 million of the sales total, while $438 million of medical pot was sold.

Colorado brought in close to $200 million in tax and fees revenue last year.

Fri
10
Feb

Alaska Seizes CBD Products From Marijuana Stores

Enforcement officers with the Alcohol and Marijuana Control office seized CBD oil from several marijuana stores on Thursday.

Sara Chambers, acting director of the office, wrote in a release the oil fell under the state regulation definition of marijuana. Stores selling the products that hadn't gone through the state's testing and packaging requirements were violating state law, she wrote.

CBD, which stands for cannabidiol, is a compound found in both cannabis and hemp. It's not psychoactive, so it doesn't get people high, unlike THC, the active ingredient in marijuana.

CBD oil is often used for pain management and has been researched in treating a wide range of illnesses. It can be made into a variety of products, like oils and salves.

Thu
09
Feb

Will Falling Cannabis Prices Hurt Marijuana Stocks?

As increasingly more marijuana growers entered the market and more states allowed residents to legally grow marijuana, cannabis prices dropped throughout 2016. Wholesale marijuana prices late in the year were roughly half the levels of 12 months earlier.

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