Marijuana Business News

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Thu
07
Jan

San Diego immediately establishes marijuana cultivation rules

For the first time in history, the cultivation of medical marijuana is considered to be allowed and regulated within city limits. A new state law is prompting San Diego about this and may permit its full operation months from now.

According to Los Angeles Times, Deputy City Atty. Shannon Thomas issued a memo last week describing methods that the city can regulate marijuana cultivation. This includes making zoning regulations that specify the drug or the simple permission of growing marijuana in all areas that are considered as agricultural zones.

Wed
06
Jan

Enter 'Mad Men' -- Marijuana industry turns to branding

 

Snoop Dogg has his own line of marijuana. So does Willie Nelson. Melissa Etheridge has a marijuana-infused wine.

As the fast-growing marijuana industry emerges from the black market and starts looking like a mainstream industry, there’s a scramble to brand and trademark pot products.

Wed
06
Jan

For just 20 minutes, it was legal to use weed in D.C. businesses

WASHINGTON — It was legal until suddenly it wasn’t.

On Tuesday, the D.C. City Council voted to dissolve a ban on marijuana use in private businesses, only to reinstate the ban 20 minutes later.

It led to brief confusion with some council members, who weren’t exactly sure what they agreed to.

Before the vote, the majority of the council didn’t see the need for an emergency extension of the ban, so the panel decided to let marijuana be used in private clubs.

“Reissuing a blanket ban on all consumption not in a residence is not a good way to move forward,” said Councilwoman Brianne Nadeau, Ward 1.

Councilman Vincent Orange said he was concerned about citizens who can’t use marijuana in their homes, like those who live in public housing, for instance.

Wed
06
Jan

Are Pot Stocks a Good Investment in 2016?

There are still a lot of investors who do not consider investing in pot stocks when building their portfolios. But that will change.

Analysts from The ArcView Group, a cannabis industry research firm, found the U.S. market for legal cannabis grew 74% in 2014 to $2.7 billion, up from $1.5 billion in 2013. That makes legal marijuana the fastest-growing industry in the United States, according to ArcView.

There are currently 23 U.S. states that have legalized medicinal marijuana. In the past five years alone, 10 states have legalized marijuana use. As the political climate shifts in the marijuana industry's favor, it's likely more states will legalize marijuana in the future.

Wed
06
Jan

Vancouver, Victoria need clear pot-shop policies: police watchdog

Drug squads in Vancouver and Victoria have discretion on whether to bust illegal marijuana dispensaries, but police boards in those cities should have clear policies on when and why they enforce the federal laws prohibiting such storefront pot sales, says B.C.’s municipal police watchdog.

Police Complaint Commissioner Stan Lowe said in letters to the chairs of both boards that police departments should craft criteria determining which risks to public safety merit raiding a dispensary and that forces should provide detailed explanations of what such a process looks like. The letters, obtained by The Globe and Mail, contain recommendations that are not binding, but Mr. Lowe’s suggestions come as police forces across Canada grapple with a burgeoning number of dispensaries.

Wed
06
Jan

Signal Bay to Expand Cannabis Analytical Testing Services into Northern California

LAS VEGAS--(BUSINESS WIRE)--Signal Bay Inc. (OTC:SGBY), a leading provider of cannabis consulting, operations, and laboratory services, is pleased to announce that it has entered into a Letter of Intent (LOI) to expand its cannabis testing services to the Emerald Triangle in Northern California. Under the terms of the LOI, Signal Bay will operate a cannabis testing laboratory and provide analytical testing services to the largest cannabis-producing region in the United States.

“Building on our recent acquisition of CR Labs in Oregon, we are evaluating additional growth opportunities to strategically position Signal Bay to become a leader of cannabis testing in the Western United States.”

Wed
06
Jan

Georgia: Details of new medical marijuana bill to be released

ATLANTA -- Only on 11Alive Wednesday, hours before the legislation is filed, Macon Representative, and architect of the bill, Representative Allen Peake, (R) Macon is releasing the details of new medical marijuana legislation set to ignite the 2016 Georgia Legislative Session.

On Monday, Peake will begin to introduce new legislation that builds on House Bill 1 which passed in 2015. "We're treating it like medicine which is the way it ought to be treated," said Peake. The representative is pushing for more patients to have access to medical cannabis, and to allow for highly regulated medical marijuana to be grown in the state.

Currently only eight diseases and illnesses are on the list of approved conditions to qualify for medical cannabis in Georgia.

Wed
06
Jan

Marijuana Banking: Judge Dismisses Credit Union Lawsuit Against Federal Reserve

A district judge dismissed a lawsuit filed by a credit union against the U.S. Federal Reserve Bank of Kansas City that sought to provide banking services to the legal marijuana industry. The judge denied Fourth Corner Credit Union access to the country’s financial system saying that cannabis still remained illegal under federal law.

The credit union, authorized by Colorado in 2014, does not have permission to take deposits or issue credit, forcing most marijuana businesses to operate on a cash-only basis, raising robbery concerns. Colorado legalized recreational marijuana in 2012.

Wed
06
Jan

San Diego rushes to establish rules on marijuana cultivation

A new state law says cities with no medical marijuana cultivation rules by March 1 will permanently cede that authority to the state, but the deadline was a mistake.

A new state law may prompt San Diego to regulate and allow cultivation of medical marijuana within city limits for the first time.

A memo issued last week by Deputy City Atty. Shannon Thomas describes ways the city could regulate growing marijuana, including creation of zoning regulations specific to the drug or simply allowing cultivation in all areas now zoned for agriculture.

The memo also says the city might need to impose a temporary moratorium on cultivation while exploring any new regulations.

Wed
06
Jan

A look inside Manhattan's first medical marijuana dispensary

With medicinal marijuana licenses in hand, New York dispensaries are finally gearing up to sell cannabis legally beginning Thursday.

Columbia Care arguably has one the buzziest dispensary locations in New York City's Union Square neighborhood. The state in July granted five medicinal marijuana licenses. 

Nicholas Vita, a former Goldman Sachs investment banker, runs Columbia Care. He's gearing up to open his shop on 14th Street. Business neighbors include a CityMD office and a Chickpea restaurant. 

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