Marijuana Business News

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Fri
27
Jan

For-Profit Canadian Firm Acquires 'Highly Profitable' Arizona Medical Marijuana Businesses

Canadian weed?

It's supposed to be pretty good.

But Arizona medical marijuana?

Super profitable.

Ask the people from a Toronto firm who recently announced the "acquisition" — with caveats and disclaimers — of two Mesa dispensaries.

The $27 million deal also includes one of the state's biggest cannabis-extracts brands and an option to control a cultivation and wholesale business in Nevada, where voters legalized recreational marijuana in November.

Fri
27
Jan

Nevada Recreational Marijuana Program to Get Started with $870K

Nevada's fledgling recreational marijuana program finally has some money to get off the ground.

The state's Interim Finance Committee on Thursday approved a seed loan of approximately $871,000 for the startup of the new program under the Department of Taxation.

"We just want to make sure that we are meeting our responsibility and getting this all done by the deadline," said Stephanie Klapstein, spokeswoman for the department.

The program will be regulating and taxing the recreational marijuana industry since Nevadans voted in November to legalize the substance as of Jan. 1.

Fri
27
Jan

Marijuana and Gender Equity: Why Cannabis Industry Is a Magnet for Women Executives

The new and flourishing business of cannabis is drawing large numbers of women execs. Why does marijuana draw a higher percentage of women than many other industries?

Of all the industries that attract American women to their senior ranks, the marijuana business may not immediately spring to mind as a likely magnet. 

Fri
27
Jan

Saskatoon Investors Have High Hopes for Future Marijuana Industry

Jason Drummond has high hopes for the Green Acres Capital Fund, Canada’s first marijuana-focused investment fund.

The fund launched at the start of January, and has already collected around $10 million of a roughly $30-million goal.“We’re going to end up investing in 15 to 20 businesses that we think can all grow and all provide returns,” Drummond said.Entering the fund is not cheap. It carries a minimum buy in of $100,000.Story continues belowDrummond is the managing director at York Plains Investment Corp and an owner and founder of the Leo’s Group, which runs Leopold’s and Victoria’s Taverns.

Fri
27
Jan

Trulieve opens medical marijuana dispensary in Tampa

Permanently disabled from a car crash that injured her back, Morris, 53, moved from Florida to Colorado after voters here rejected a medical marijuana referendum in 2012. She left her children and grandchildren with a hunch that access to medical cannabis in Colorado would work better than the opiates that had turned her into a "zombie."

"From that day on, my quality of life changed," she said. "I started doing walks around the park. I started feeling better about life. I'm able to talk and be alert and do things and even go back to school to earn my bachelor's."

Now Morris is back in Florida, where medical marijuana recently became legal. On Thursday, the Port Richey resident was one of the first patients in Hillsborough County's second medical marijuana dispensary.

Fri
27
Jan

Farmers Rally Behind South Carolina Industrial Hemp Bill

Once again, though, state law enforcement is fighting the legislation..

Earlier this week, our website reported on disingenuous efforts by leading South Carolina law enforcement figures aimed at blocking medical marijuana legalization in the Palmetto State.

To read our exclusive report on this unfortunate brand of taxpayer-funded lobbying, click here.

As we’ve stated repeatedly, whatever you think of legalizing pot for recreational purposes (most people are for it) – legalizing medical marijuana is a moral imperative.

Fri
27
Jan

Apple Seeks to Patent 'Vaporizer': Is It for Weed?

First, let’s make this clear: Apple may want to make a vaporizer for industrial purposes.

But let’s say this, too: With marijuana legalized for recreational and/or medical use in 28 states and counting, there’s a giant market opportunity for tech companies to produce devices related to pot consumption.

And we know that Apple likes money — so much, in fact, that it parks hundreds of billions of dollars in cash outside the country so it can go on holiday to roll around in it while keeping Uncle Sam’s filthy, tax-grabbing mitts off it.

Fri
27
Jan

Aurora Cannabis's License to Sell Oils Is an Important Milestone, Says Canaccord Genuity

A license to sell cannabis oils opens up a lot of opportunity for Aurora Cannabis (TSXV:ACB), says Canaccord Genuity analyst Neil Maruoka. 

On Monday, Aurora Cannabis announced that its wholly owned subsidiary, Aurora Cannabis Enterprises, had been licensed by Health Canada for the sale of cannabis oils.

Fri
27
Jan

This Ex-Banker Wants to Swap Your Chamomile for Cannabis

Visit a dispensary in one of the 28 states that legally sell marijuana and you’re likely to find products with monikers like God’s Green Crack, Super Lemon Haze or Skywalker. That’s all about to change as a new breed of ganjapreneurs swoop into the fledgling industry. In a classic consumer-marketing move, they’re getting rid of stoner slang and replacing it with supermarket-friendly names that purport to help customers live better.

Their message: Weed is no longer just for getting high. It’s to help you through your stress, ease you into sleep and get you in the mood for love. In other words, these marketers want to transform the image of marijuana so that it competes with scores of products already in liquor stores, markets and pharmacies.

Thu
26
Jan

Nutritional High Announces Entering Into Agreements to Acquire Producer and Processor Licenses in Henderson, Nevada

Nutritional High International Inc. (the "Company" or "Nutritional High") (CSE:EAT) (EAT.CN) (SPLIF) (2NU.F) is pleased to announce that it has entered into definitive agreements (the "Agreements") to acquire (the "Acquisition") provisional producer and processor licenses (the "Licenses") in Henderson, Nevada and a real estate property (the "Property") to which the Licenses are attached.

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