Marijuana Business News

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business
Tue
20
Sep

'Nuit Verte': Farmer's Market for Pot Products Coming to Toronto

Edibles and topical cannabis goods are for sale at upcoming Nuit Verte, held in a "top secret" location Sept. 25.

A farmer’s market for edible pot products is cropping up in Toronto.

Toronto’s first “Nuit Verte” will be held at a “top secret” location Sept. 25. Organizer Lisa Campbell said they’re expecting about 300 people, who will learn where it is once they buy tickets online.

According to Campbell, about 20 local pot producers will be on hand to hawk their wares, explain ingredients and offer samples.

“You can go there and ask questions about the products, you can know what stream is in your product, what’s vegan or gluten free or organic, it’s very much a craft market,” she said.

Tue
20
Sep

Weed + Food Marketing Taking off in the Mile High City

Now that marijuana is legal in Colorado, more business owners with weed-themed places are getting comfortable with marketing their products to those who enjoy partaking in pot. Even local celebrities are getting in on the act, and it’s not just the dispensaries that are turning to marketing tactics.

BusinessDen, a Denver-based business news site, reported on a fast-casual chain that is sprouting up in areas of the city – Cheba Hut. The cannabis-centered sandwich shop appeals to those who aren’t afraid to let their leaf flags fly, and more and more, that segment of the population is growing.

Tue
20
Sep

Celebrities Join Scramble for Cannabis—the New California Gold Rush

Two years ago, the city of Adelanto, a crumbling outpost in California’s Mojave desert, was facing a bleak future as it teetered on the brink of bankruptcy and struggled with double-digit unemployment.

“We were about to vanish, to be incorporated into another city,” says councilman John “Bug” Woodard Jr. “The place was dying and in total despair.”

Today, however, the once-desolate town is firmly back on the map, having joined a handful of communities in California in embracing large-scale commercial cannabis cultivation—a move that smells of success as the state prepares to vote in November on legalizing the use of recreational marijuana.

Tue
20
Sep

Cannabis Accelerator Program Opens, but Some Worry About a Corporate Cannabis Industry

As California edges closer toward cannabis legalization for adult recreational use in November, a marijuana-focused business accelerator program has announced a new Berkeley-based boot camp for entrepreneurs.

Based out of the WeWork building on University, the accelerator called Canopy has agreed to invest a total of $180,000 investment in nine startups — though none of them are tied directly to the cultivation, refining, or sale of the drug. The 16-week program aims to refine the businesses, and ultimately help fledgling organizations raise additional capital, according to Canopy CEO Patrick Rea.

Tue
20
Sep

The End of Ziploc Bags Is near as Capitalists Take over Canada's Marijuana Industry

A two day marijuana exhibition in Vancouver is giving people an idea of just how large and varied Canada’s cannabis industry has become — and where it could grow next.

More than 100 businesses set up booths to showcase their wares at the event, but not a single cloud of smoke could be seen in the massive hall.

The expo is helping to break down stereotypes and prove that there’s a credible side to the industry, said Natasha Raey, spokeswoman for Lift Cannabis Co., which put on the show.

“It’s not just someone selling bud out of a ziploc bag anymore. You’re seeing real brand development. The industry is growing up,” she said.

Tue
20
Sep

Buy or Sell? Four Cannabis Stocks to Watch

Cannabis stocks continue to rally and with the presidential election right around the corner, we do not expect this trend to end anytime soon.

That being said, we do not recommend diving head first into the industry as the market is nothing like it was in early 2014 when you could just throw a dart at a dartboard and most likely profit off of any cannabis stock it landed on. 

2014 Was Just the Beginning

Tue
20
Sep

Licence to Sell Medical Marijuana Coming Soon to PEI Plant

Edwin Jewell, president of Canada's Island Garden Inc. in Charlottetown has a grow underway to be shipped to regulators

P.E.I.’s first medical marijuana growing facility is ready to start harvesting a much sought-after product.

Edwin Jewell, president of Canada’s Island Garden Inc., is “extremely confident’’ the first batch of pot at the 2,160-square-metre facility located in the BioCommons Research Park in Charlottetown will make the federal grade.

“I guess it’s reassuring to know that the harvest is going to be a good crop,’’ says Jewell.

“It’s not the best we’ll ever grow, but it’s a good one for the first time.’’

The secure facility has about 300 plants ready for harvesting, a process that will include a couple weeks of drying the leaves.

Tue
20
Sep

Losing Maryland Medical Marijuana Grower Applicant Sues the State

A company that lost its bid to grow medical marijuana in Maryland has filed a lawsuit alleging that regulators illegally rejected its application in favor of lower-ranked businesses from underrepresented parts of the state.

It’s the first legal challenge to the medical cannabis program, which has been embroiled in various controversies and remains in the early stages of making the drug available to patients more than three years after lawmakers first legalized its medical use.

Mon
19
Sep

Despite closures, there are plenty of shops to buy marijuana in Ottawa

 Two of Ottawa’s most popular pot shops have closed after Canada Post intercepted shipments of marijuana mailed to them from B.C.

Don Briere, the president of the B.C.-based Weeds Glass & Gifts chain, says he hopes his dispensaries on Bank Street and Montreal Road will reopen if he can figure out a way to ship the dried weed, cannabis-laced brownies, candy, concentrates and other merchandise across the country. Weeds buys the products from growers and “bakers” in B.C.

Briere said his company has been mailing marijuana products by express mail ever since he opened stores in Toronto  a year-and-a-half ago. There has never been a problem with Canada Post before, he said.

“All of a sudden, they flagged us and they started seizing the packages.”

Mon
19
Sep

Vancouver Cannabis expo shows breadth, growth of Canadian marijuana industry

A two day marijuana exhibition in Vancouver is giving people an idea of just how large and varied Canada's cannabis industry has become — and where it could grow next.

More than 100 businesses set up booths to showcase their wares at theVancouver Cannabis Expo, but not a single cloud of smoke could be seen in the massive hall.

The expo is helping to break down stereotypes and prove there's a credible side to the industry, said Natasha Raey, spokeswoman for Lift Cannabis Co., which put on the show.

"It's not just someone selling bud out of a ziploc bag anymore. You're seeing real brand development. The industry is growing up," she said.

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