Marijuana Business News

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Mon
07
Dec

Michael Smyth on marijuana sales: Could a Buds 'n' Suds Shop blow into your neighbourhood?

The ballots were barely counted on federal election night when British Columbia’s largest union began planning its pitch to sell legal marijuana in B.C. liquor stores.

“On Oct. 19, after the election results, that’s when we first started having informal conversations about it with our senior staff,” said Stephanie Smith, president of the B.C. Government and Service Employees Union.

Prime Minister Justin Trudeau promised during that election to legalize pot across Canada, assuring voters it would be a top priority for his new Liberal government.

The BCGEU, which represents government liquor-store workers, knew it had to quickly make its case to get the public and politicians on side.

Mon
07
Dec

Uruguay to Sell 3 Types of Marijuana in Drug Stores

Registered Uruguayan consumers will be able to access three types of marijuana in drug stores with high, medium and low levels of tetrahydrocannabinol and correspondent levels of cannabidiol, said Milton Romani, president of the country's national drug office, on Saturday.

“There are three options, depending on the effect of each one ... (we are) trying to recommend the lowest level for beginners,” Romani told Reuters at the 2015 Expocannabis taking place in the country’s capital Montevideo.

Authorities were offered various genetically modified plants with controllable effects within the framework of the recent decriminalization of marijuana aimed at eradicating the illegal commercialization both foreign and domestic.

Mon
07
Dec

San Diego medical marijuana dispensary hit with $1.8-million fine

 

acific Beach medical marijuana dispensary has been hit with a $1.8-million penalty for operating outside of San Diego's zoning regulations, the largest fine against a dispensary in city history.

That more than doubles the total amount of dispensary-related judgments the city has collected to date.

On Nov. 20, San Diego County Superior Court Judge Timothy Taylor ruled against SoCal Holistic Health Inc. and the company's president, Ryan Murphy. Besides the penalty for operating illegally, Taylor also issued a permanent injunction against the dispensary and its president, prohibiting them from having a dispensary anywhere within city limits.

Mon
07
Dec

Marijuana is no longer just a drug, therapeutic pill as legally

Cannabis treatment is helpful for some diseases. Some countries legally approved use of marijuana.

3 Surprising Industries That Would Benefit if Marijuana Was Legalized

When it comes to fast-growing industries, there may be none with better growth prospects than marijuana. Based on some estimates, legalizing marijuana across the country could lead to a $35 billion market. Separately, NerdWallet has suggested that legalizing marijuana would generate around $3.1 billion in annual tax revenue for states and potentially the federal government.

Mon
07
Dec

WEED OUT USPS to newspapers: Your marijuana ads are illegal

Hieb said that although the newspaper publishers group is looking for legal clarity on the issue, she's advising members not to run marijuana ads if they use the postal service for some delivery, fearing USPS could "seize all papers".

Some potentially bad news for OR newspapers that accepts ads from local marijuana dispensaries.

OR legalized medical marijuana use in 1998 and recreational use in 2014, that law took effect in July and the state is still working through a number of problems. But that law has become somewhat obsolete, as Congress stripped the U.S. Department of Justice, which includes the DEA, of its power to interfere in states that have legalized medical marijuana.

Mon
07
Dec

Ex-JTF2 soldier becomes medical marijuana advocate for veterans

A former member of Canada’s elite counter-terrorism unit has emerged from the shadows to promote medical marijuana for ailing veterans.

Kevin Whitenect hopes that his message promoting medical cannabis will bring hope to those former soldiers dealing with emotional or physical pain as well as reduce the stigma surrounding its use.

“I saw a value for veterans,” said Whitenect, who spent most of his 17 years in the Canadian Forces with the Ottawa-based Joint Task Force 2 counter-terrorism unit. “I started speaking with veterans who were using (medical cannabis) and started hearing the great stories about how it is getting them off the mind-numbing narcotics they are being issued.”

Mon
07
Dec

5 Tips to Help You Get Through Your To-Do List

Every entrepreneur we know struggles with time management. There simply aren’t enough hours in the day to take care of everything. We fight the same battles to manage our time and tasks.

If you have a to-do list, you are ahead of the pack. However, there are ways to make your list and time management plans more effective. Here are five tips that will be help you to get a few more minutes in your schedule:

1. Prioritize the list.

Each day, look at your list and mark those items that are the top priority. Consider the urgency and the importance of each task. Obviously, things that are both urgent and important will rise to the top of the list. Items that are neither urgent nor important can wait.

Sun
06
Dec

It's Still Risky Business For Women In Cannabis

We keep hearing the cannabis industry is poised to be North America's first blllion-dollar industry dominated by women, who make up 36 percent of executive positions.

Sun
06
Dec

Why Medical Marijuana Caused GW Pharmaceuticals to Climb 10% in November

What: Ahead of data from trials evaluating its marijuana-derived therapies for the treatment of epilepsy, shares in GW Pharmaceuticals (NASDAQ:GWPH) increased by 10.5% in November.

So what: Perhaps no other company is as focused on using marijuana to develop medicine as GW Pharmaceuticals.

The company already has one THC drug, Sativex, on the European market as a treatment for multiple sclerosis muscle spasms. GW's marijuana studies include the evaluation of the marijuana cannabidiol CBD for the treatment of Dravet syndrome and Lennox-Gastaut syndrome, two rare forms of epilepsy.

Sun
06
Dec

Medical Marijuana Growers Gear Up for Opening Day

Growing a plant that’s still illegal to cultivate under most circumstances requires special growing practices. But companies in New York say they expect to meet a Jan. 1 deadline to get medical marijuana on the market.

The state granted five licenses for growing legal marijuana for medicinal purposes in July, and qualifying patients must have a special prescription to get it. Forty-three companies vied for the five available licenses; one of the stipulations was being ready to dispense by Jan. 1.

Chuck Schmitt, director of horticulture for Vireo Health of New York, which manufactures in Fulton County and will dispense in Broome, Albany, Westchester and Queens counties, said the company is on target for the Jan. 1 launch date.

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