Marijuana Business News

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business
Fri
01
Apr

Women Grabbing Picks and Shovels in the Cannabis Gold Rush

Anyone with a modicum of perspective on the burgeoning cannabis business agrees that in years ahead, hindsight will look at these days like the era before the Gold Rush. Whereas the Gold Rush eventually peaked and dissipated, it seems unlikely that the cannabis industry will take that trajectory. But in both cases, the entrepreneurs early into the market will likely be the great success stories. The wild west businessmen who supplied the picks, shovels and dungarees to the gold rush prospectors did quite well. And the modern day equivalent is often an entrepreneur from the distaff side.

 

Thu
31
Mar

California city to consider marijuana grow at former prison

A small city in the agricultural San Joaquin Valley is considering a proposal to allow a marijuana cultivation operation at a former prison.

The Fresno Bee reports that the Coalinga City Council on Wednesday directed staff to prepare an official ordinance to allow commercial medical marijuana cultivation at Claremont Custody Center. The city will also draft a ballot measure that would allow voters to decide whether to allow medical marijuana dispensaries in the city.

Ocean Grown Extracts is trying to lease the city's abandoned prison for a cannabis oil manufacturing plant.

Thu
31
Mar

Med-X, Inc. leads cannabis industry in banning pesticides for truly organic weed

Modern farming techniques give way to mass production, thus relying heavily on pesticides and damaging fertilisers. While production rate may be high, the harvest may cause more harm to the body and damage to the environment due to “inorganic” cultivation. Today, more than ever, producers should aim for quality over quantity.

Thu
31
Mar

California marijuana jobs: Hunt at a cannabis career fair in San Francisco

Once an emerging trend and now a major industry’s necessity, marijuana job fairs are becoming more and more common throughout the United States’ legal (and semi-legal) cannabis markets.

And California medical marijuana company Bloom Farms will announce its fourth marijuana job fair later today — the SF Bay Area Cannabis Career & Job Fair on April 10. Companies at the fair will include Meadow and Harborside Health Center; Open positions include budtender, cannabis consultant, cultivation tech and delivery driver.

Last year’s event saw more than 1,800 attendees, according to Bloom Farms, but the more important 2015 stats are these ones: 26 employers hired 125 workers at last year’s event.

Thu
31
Mar

Whoopi Goldberg Launches Female-Friendly Cannabis Line

Entertainer Whoopi Goldberg has started a medical marijuana business in San Francisco — and she hopes her products will provide “an alternative for relieving the pain and discomfort associated with menstruation,” Goldberg said in a release.

Goldberg paired with award-winning edibles maker Maya Elisabeth, who founded Om Edibles in 2008, to launch the brand — called Whoopi & Maya. The topicals and edibles aimed at women will be available in California dispensaries in April.

Thu
31
Mar

CANADA: NB Govt Announces $1 million in potential funding for a medical marijuana company

With a single announcement, New Brunswick’s premier demonstrated Wednesday how much Canada’s debate over marijuana has evolved in the last three decades.

Premier Brian Gallant announced almost $1 million in potential funding for a medical marijuana company, OrganiGram, that aims to tap into the recreational market if the federal government decriminalizes the drug as expected.

Wed
30
Mar

GW Pharmaceuticals Seeks FDA Approval For Cannabis Based Epidiolex

Children afflicted with Dravet Syndrome, a rare form of epilepsy, have been effectively treated with a cannabis-based drug, Epidiolex, containing cannabinoids, the GW Pharmaceuticals announced Monday. Investors snapped up shares of the little-known firm, effectively doubling the company’s market value overnight. 

GW Pharmaceuticals are seeking approval for Epidiolex from U.S. Food and Drug Administration

Analysts expect GW Pharmaceuticals Epidiolex to cost $2,500 to $5,000 a month, which would be more expensive than some of the medical marijuana products, which cost from about $100 to more than $1,000 per month. However, Epidiolex might be covered by insurance, unlike the other products.

Wed
30
Mar

Vancouver Gives Marijuana Dispensaries New Deadline of April 29 to Come Onside or Close Their Doors

Vancouver marijuana dispensaries have a few extra days grace before an official deadline to close.

The city originally told business owners that any storefront not moving through the regulatory process was to cease operations by April 20. Now, that date as it appears on a city website has been updated to read April 29.

In a telephone interview, Andreea Toma, director of licensing and property-use inspections for the City of Vancouver, told the Straight the change is not an extension, “per se”.

“The deadlines are specific to when a six-month count starts,” she explained. “It depends on when they were notified.”

Wed
30
Mar

Is Colorado Pot Too Potent? Plans Limit THC at 16 Percent

Those behind the THC-limiting proposals say they're smart, cautious moves; Opponents say they'll hurt the pot industry.

A proposed ballot initiative and an amendment to a bill in the state House would cap the THC potency of recreational cannabis and marijuana products at a percentage below most of those products’ current averages.

The initiative would limit the potency of “marijuana and marijuana products” to 15 percent or 16 percent THC.

The average potency of Colorado pot products is already higher — 17.1 percent for cannabis flower and 62.1 percent for marijuana extracts, according to a state study.

Wed
30
Mar

NAACP Leader Calls For Medical Marijuana Industry to Get a Black Business Owner

California's multibillion-dollar medical cannabis industry is largely a white man's game. It's rare to see a person of color owning a marijuana dispensary or running a major cannabis business; most black and brown people you see in the industry are working security or maybe behind the budtenders' counter. 

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