Marijuana Business News

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business
Mon
03
Oct

Alaska OKs marijuana, but some communities ban pot commerce

Alaskans two years ago approved recreational use of marijuana. That doesn't mean they want it sold in their towns.

Voters in the Matanuska-Susitna Borough, a municipality just larger than the state of West Virginia, and one renowned for a potent strain of black market pot, on Tuesday will consider a ban on commercial enterprises that sell, grow or test cannabis. Fairbanks, the Kenai Peninsula Borough and other Alaska municipalities will put the matter to a vote next year.

Former Matanuska-Susitna Borough Mayor Larry DeVilbiss pushed for a vote to ban commercial cannabis enterprises. Recreational marijuana may have been approved statewide, he said, but not in his borough.

Mon
03
Oct

Jamaica, Long Opposed to Marijuana, Now Wants to Cash In on It

Jamaica has long bemoaned its reputation as the land of ganja.

It has enforced draconian drug laws and spent millions on public education to stem its distinction as a pot mecca. But its role as a major supplier of illicit marijuana to the United States and its international image — led by the likes of Bob Marley, whose Rastafarian faith considers smoking up a religious act — have been too strong to overcome.

Now, its leaders smell something else: opportunity.

Mon
03
Oct

Marijuana Edibles Come Under New Colorado Regulations as of October 1

The Marijuana Enforcement Division has updated Colorado laws regarding cannabis. And starting October 1, one major change will affect customers — while another affects product manufacturers.

After conducting a few studies, MED determined that the THC levels between flower, edibles and concentrates were so different that the state's regulations had to change regarding how much of each substance could be sold at one time. There's a higher level of THC in concentrates than flower, for example, so the MED didn't think customers should be able to purchase the same amount of each. 

Mon
03
Oct

How States Are Spending Their Marijuana Revenue

So far it looks like 2016 will be a great year for America's marijuana enthusiasts.

Marijuana Rally

Mon
03
Oct

Considerations for marijuana legalization in Canada: Legal cannabis brings tax revenue for Denver, but also new expenses

From a fiscal perspective, legalizing pot seems like a win-win scenario for cities. In theory, marijuana sales tax revenue can fill gaps in the budget, while police and prosecutors spend less time and money going after residents for marijuana possession.

But Toronto city council might want to hold off on planning a spending spree — because legal marijuana costs money, too.

In Denver, the capital of a state where recreational pot sales have been legal for almost three years, much of the tax revenue from marijuana gets spent regulating the very industry that generated it.

Mon
03
Oct
Fri
30
Sep

How the marijuana tax could help Portland's minority-owned businesses

Brooke and Rodney Smith opened their Portland, Oregon cannabis dispensary, PDX Tree, in November 2014 – the same month Oregon voters approved a ballot initiative for legalizing recreational marijuana. While they were excited to enter what they hope will be a lucrative experiment in entrepreneurship, they say the state’s fluctuating policies, as it transitions from medical marijuana into recreational sales, have been a headache.

Fri
30
Sep

Wholesale cannabis price drops 40 percent

According to Tradiv, a cannabis trading platform based in Boulder, wholesale cannabis prices have fallen from approximately $2,500 per pound in October of 2015 to around $1,500 per pound in August of this year.

In the beginning of Colorado’s legal market, companies didn’t know what to expect in terms of demand or supply but one things was for sure, it was growing quickly. The price point was high, in part a reflection of the novelty of legal cannabis and pent up demand. Now almost three years old, the market is beginning to stabilize, but consumers should expect a few more tremors as the foundation of the market shifts and settles into place.

Fri
30
Sep

How a Maryland lawmaker shaped the medical marijuana industry — and joined it

About the time the Maryland legislature’s longtime champion for medical cannabis joined a company looking to dispense the drug, he urged state regulators to remove a restriction on the sale of edible marijuana products.

Two months later, Del. Dan K. Morhaim (D-Baltimore County) sought feedback from regulators for his plans to introduce legislation allowing dentists, podiatrists and certain nurse practitioners to join physicians in recommending cannabis to patients.

Such interactions, detailed in emails obtained by The Washington Post, shed light on the contact the Maryland Medical Cannabis Commission had with Morhaim, whose legislative colleagues are scheduled to meet Oct. 19 to decide whether to investigate the lawmaker’s dual roles.

Fri
30
Sep

Oregon Scrambling to Implement New Marijuana Rules

Officials in Oregon are working to address concerns of marijuana businesses that say delays in the state processing regulatory applications threaten chaos for the industry when new rules take effect on Saturday.

The Oregon Liquor Control Commission has scheduled an emergency meeting for Friday to discuss the matter, an agency spokesman said. Without action, medical dispensaries and recreational retail outlets may be forced to pull some products off their shelves.

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