Marijuana Business News

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Thu
01
Sep

California: What Happens If Marijuana Is Legalized?

When we speak of legalizing marijuana we are really speaking of the Great Cannabis Debate. Come November, Californians will vote on Proposition 64, the Adult Use of Marijuana Act, which could bring safety and security for both cannabis consumers and farmers, and the sales taxes accrued could provide much-needed revenue to our state. Let’s look at a short list of possible unforeseen ramifications.

Thu
01
Sep

6 States that May Never Legalize Marijuana

The push to legalize marijuana is in full force and a look at just how swiftly attitudes are changing nationwide is nearly enough to make anyone start buying pot penny stocks left and right. Though there has been both disappointing and encouraging signs from the federal government in regard to eventual reclassification or legalization of cannabis, we’re still seeing a state-by-state domino effect take place.

Thu
01
Sep

Canndescent Raises $6.5 Million in Seed Round Funding

CANNDESCENT, a California cannabis cultivator, closed a $6.5 million seed round led by Texas investor, Lee McPherson, and CANNDESCENT CEO Adrian Sedlin. The seed round represents the largest on record for a Southern California cannabis cultivator.

Thu
01
Sep

Cannabis industry investor Canopy hosts bootcamp for 9 startups

Canopy, a cannabis industry investor, is currently hosting a 16-week entrepreneurial bootcamp in Berkeley for nine cannabis ancillary startups.

Canopy chose startups it identified as having high potential for growth within the cannabis industry and aims to prepare these companies for investment opportunities within the next four months. According to CEO and co-founder Patrick Rea, Canopy had an interest in having its business in Berkeley because of the prominence of cannabis-related business in the East Bay.

“Well before we launched our first class in 2015, we made the strategic decision to be in California during the time of (the potential) legalization of marijuana,” Rea said.

Thu
01
Sep

The Game Is Getting Into Marijuana Business

The Game has bought into one of 10 licensed Santa Ana, California marijuana dispensaries, The OC Register reports. He is now co-owner of the weed shop The Reserve.

 

The Compton, California rapper is also cultivating specific strains of marijuana flowers and concentrates that will first become available at his Tech Center Drive shop with more to come by the end of 2016.

Wed
31
Aug

Medical Marijuana Producers, Small Businesses Look at Alternatives to Canada Post Despite Deal

Whether they sell baby clothes or medical marijuana, some businesses are looking at delivery alternatives after prolonged and uncertain negotiations despite a tentative agreement announced last night between Canada Post and the union.

The tentative pact between the postal service and the Canadian Union of Postal Workers was reached after warnings that mail delivery could be disrupted several times over the summer.

Jennifer Babcock runs the small baby-wear business Eaby Chic from Ottawa, and says she lost national and international customers because of the uncertainty around Canada Post.

Wed
31
Aug

The Opportunities and Risks in On-Demand Cannabis

As in the alcohol industry, tech platforms connect buyers with sellers but don't deliver themselves.

There can be no doubt that the promise of "on-demand" has fueled enormous growth in the technology industry over the past half decade. Whether it's lunch or dinner coming from DoorDash or Munchery, groceries coming from Instacart or Shipt, toiletries coming from Postmates or Google Express, or super-fast deliveries from Amazon Prime or Deliv, one thing is clear: if you want an item or service instantly, you can bet there's a business to answer the call.

The quintessential on-demand service is Uber, which has raised over $12 billion in outside capital for an app that sends a ride your way at the tap of a button. It's that simple.

Wed
31
Aug

Cannabis Growers Seek Blue Ribbons For Their Buds At Oregon's State Fair

Whether you're in Maine or Michigan, state fairs have their own smell — a mix of hot oil from the curly fries, and that unmistakable livestock tent.

One exhibit at this summer's Oregon State Fair, though, has a particularly distinctive funk. It's the one introducing a new crop: marijuana.

"It was this year that the state Legislature designated cannabis as a farm crop. And the general public should know what it's all about," says Don Morse, the head of the Oregon Cannabis Business Council.

And the tent — which has a strong piney, somewhat skunky smell — features nine prize-winning marijuana plants. They're the first live pot plants that have ever been shown at a state fair.

Wed
31
Aug

Edmonton Software Company Is Helping Grow the Medical Cannabis Industry

MMPRsoft tapped to handle sales for Canada's only pharmacist-controlled producer and distributor.

Alberta is gradually becoming a leader in medical cannabis production, thanks in part to some Edmonton software developers.

Edmonton’s MMPRsoft, a web-based cannabis-operations program, recently secured a deal to handle the end-to-end operations of CannTrust Inc. – Canada’s only pharmacist-controlled licensed producer and distributor of medical cannabis.

MMPRsoft manages e-commerce and webstore development as well as facility management, which includes equipment inventory, crop management, customer relationships, health clinic partnerships and dealings with the department of Veterans Affairs.

Wed
31
Aug

Maine Wants Research Before Deciding Potential Marijuana Restrictions

Bangor plans to start studying how cities and towns in other states have reacted to the legalization of marijuana before figuring out what, if any, restrictions to set for businesses that want to sell it.

City leadership hopes to get the ball rolling before the November election, when Mainers will decide whether marijuana should be legal in the state for people over 21.

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