Marijuana Business News

Synonyms: 
stocks
business
Thu
15
Dec

500,000 People May Be Eligible for Florida's Medical Marijuana

A Senate panel Tuesday began exploring issues surrounding medical marijuana as lawmakers prepare to carry out a constitutional amendment overwhelmingly approved by voters in November.

The Senate Health Policy Committee heard from a cannabis vendor, patient advocates, doctors and opponents of Amendment 2, which legalized medical marijuana for a broad swath of patients and set Florida in position to become one of the largest pot markets in the nation.

"The voters have spoken. It is our duty as their elected representatives to implement this amendment appropriately," committee Chairwoman Dana Young, R-Tampa, said at the onset of the two-hour meeting.

Thu
15
Dec

Marijuana Legalization Could Mean Closure for Many B.C. Pot Shops, Province Says

Minister says pot shops will have to meet the province's distribution requirements.

With marijuana legalization about to become a reality across Canada, the provincial government says it is not sure what taxes and distribution will look like in B.C. but warns many of the current pot shops in the province may not meet their requirements.

A federal task force appointed by the federal government to study how marijuana could be legalized and regulated in Canada released a report Tuesday with more than 80 recommendations.

Wed
14
Dec

Wall Street Wants Weed to Become the Next Big Investment Opportunity

The nexus of Wall Street and recreational cannabis has always been looming on the sidelines, attracting would-be investors curious about the new market and repelling enthusiasts who would rather keep operations small and local. Yet the recent passage of Proposition 64 is ushering in a new, seemingly inevitable era of big money as Wall Street financiers prepare to enter the country’s largest marijuana market. 

Wed
14
Dec

Colorado Nears 3,000 Active Marijuana Businesses

Two years after legalizing recreational marijuana in the state, Colorado is nearing another milestone: 3,000 business licenses for pot.

The number of marijuana business licenses has increased by about 70 percent in the two years since recreational marijuana was legalized in Colorado.

A professor at The University of Denver has spent a lot of time in 2016 compiling data about Colorado's marijuana industry.

His main finding is that active marijuana business licenses are at the highest number they've ever been – 2,913 – as of Dec. 1, 2016.

Assistant Professor Paul Seaborn of DU’s Daniels College of Business says the majority of those licenses are for medical marijuana businesses.

Wed
14
Dec

Inside the Company Helping Native Americans Grow Cannabis

North of Las Vegas's bustling, fluorescent strip sits the Paiute Nation tribe. Like many other Native American tribes across the United States, they've suffered from and struggled with poverty, depression, and alcoholism. With dwindling numbers—only 56 adult members currently remain as a result of blood quantum laws—the Paiutes are facing the reality of losing their culture forever.

Wed
14
Dec

PR Goes to Pot: Making Green From Repping Ganja

You’d have to be high to take on a cannabis client, right?

Wed
14
Dec

Portland's Cannabis Licensing Logjam Could Cost Businesses $22M a Month

Portland’s licensing bureaucracy, often a challenge for the sternest of businesses, is taking a heavy toll on cannabis entrepreneurs in the city, a new report argues.

The report's authors maintain the system potentially costs nascent businesses more than $22 million in lost revenue each month.

The City Council is set to consider changes, but it’s unclear how far they might go in ending the industry’s frustration.

Wed
14
Dec

Cannabis Water Is Coming to Take the Pain Out of Exercise

But it won’t get you baked.

Stoners and users of the hashtag "fitspo" alike, rejoice: Weed-infused bottled water is on its way to a refrigerator near you (at least if you live in a state with legalized recreational marijuana).

Wed
14
Dec

Canada’s Weed Industry Reacts to the Government’s Just-Announced Legalization Report

Marijuana dispensaries, lounges, and recreational smokers all have reasons to be optimistic following the release of a government report on how legalization in Canada should be shaped.

The Task Force on Cannabis Legalization and Regulation made 80 recommendations to the government Tuesday. They include allowing for pot to be sold in retail spaces (a.k.a. dispensaries) and to be smoked at indoor marijuana lounges and tasting rooms.

Wed
14
Dec

Trudeau Gets Green Light on Legalizing Pot With Retail Sales

A highly-anticipated report has given Canada the green light to sell recreational marijuana through a wide range of retail outlets in a boost to the nascent cannabis growing industry as the country moves toward legalizing the drug.

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