Melissa Etheridge is diving headlong into the marijuana business. Her company, Etheridge Farms, will soon be making cannabis products available for California medical patients.

The Israeli biomed group's incubator will provide startups with mentoring and consultation, and help them find investors.

Shizim Group, managed by CEO Yossi Bornstein, which comprises more than ten biomed companies, has launched the Cann10 incubator for medical cannabis companies. The incubator will not directly invest in companies, but will provide them with mentoring and consultation, and help them find relevant investors.

The failure rate of startup businesses is not news to anyone in the world of entrepreneurship. And it's equally sad to know that if you sift through the carcasses of these dead businesses, you will definitely find startups that were founded on great business ideas.

You may wonder why businesses built on brilliant ideas still fail. The answer is usually fairly simple. Having an idea for a business and having an idea about how to run a business are two entirely different things. The reason most startups fail centers around two things -- management skill and financial skill. A dearth of any of these two can kill your business.

As cannabis becomes more mainstream, we as cannabis users have a responsibility to represent the growing cannabis community in a positive way. While there are so many who are working hard to show that there is a classy side, a business side, a responsible side to the cannabis industry there are still many who are putting the majority of us in a negative light by carrying on old stereotypes. While it’s all fun and games to go party out in the desert with a free dab bar and an expert budtender, it doesn’t do much for trying to legitimize the industry and deplete the fears of those who have never been a part of it.

The results of the 2016 HIGH TIMES Michigan Medical Cannabis Cup!

BEST VAPE PEN

1st Place – Skywalker OG by Greenwolf LA

BEST TOPICAL

1st Place – Michigan Organic Rub Extra Relief Vanilla Mint by Herbal Solutions

2nd Place – Luscious Lemondrop Lotion by SweetStone Candy

3rd Place – Budsuds Purple Haze Topical Soap Bar by Budsuds

BEST NON-SOLVENT HASH

1st Place – Cookies and Cream Cubantech Dry Sift by Exotic Genetix w/ The Cuban Grower

2nd Place – Hindu Cheese 120 to 73 micron Freeze Dried Water Hash by Michigan Made Melts

3rd Place – Headband Rosin by EZ Squeeze

BEST CBD FLOWER

1st Place – Super Sonic CBD by Radicle Genetics

Colorado's weed is getting much cheaper.

In October, the cost of a wholesale pound of cannabis was around $2,400 to $2,600. That price has almost been cut in half to between $1,400 and $1,600 last month, according to data from Tradiv, an online marijuana-distribution platform.

"In less than a year, we've seen wholesale prices drop to nearly half of their previous totals," John Manlove, director of sales at Tradiv, told Business Insider in an email. "We've never seen prices like this."

Marijuana activist Emmett Reistroffer, right, and cannabis consultant Kayvan Khalatbari hand deliver more than 10,800 signatures for a public cannabis use ballot initiative to Denver Elections Division officials in early August.

Days after rejecting a competing measure for the November ballot, the Denver Elections Division on Thursday approved a proposed initiative that would allow social use of marijuana in some businesses.

Like the cannabis holiday on April 20th (4-20) and the Fourth of July, Labor Day marks one of the highest grossing sales days in the cannabis industry. Once again, MJ Freeway takes a look at holiday trends in the cannabis market and gives some advice for what retailers can do to prepare for higher foot traffic in the coming weekend.

Canada’s oil and gas industry is calling on the federal government to expressly prohibit pot use in safety-sensitive workplaces if it moves ahead with its plans to legalize marijuana.

In an Aug. 29 letter to the government’s Task Force on Marijuana Legalization, Regulation and Restriction, oil and gas industry safety association Enform warns alcohol and drug use is already “at the forefront” of the challenges facing the upstream petroleum industry’s workplace safety efforts and marijuana legalization could make the situation worse.

PORTLAND, Ore. (KATU) - Snoop Dogg is in town for several "Shop with Snoop" events hosted by a local recreational marijuana shop, Mary Jane's House of Grass.

The rapper and marijuana enthusiast arrived at the shop's Vancouver location on Mill Plain Boulevard Wednesday afternoon - the first of five scheduled events.