Marijuana Business News

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Fri
06
Nov

GreenWave Advisors Increases US Marijuana Industry Forecast To $25 Billion By 2020

GreenWave Advisors, LLC an independent financial research and advisory firm serving the burgeoning cannabis industry, will release the second edition of  "The GreenWave Report: State of the Emerging Marijuana Industry – Current Trends and Projections". This report provides an unparalleled state by state review and analysis of market dynamics in the legalized U.S. marijuana markets and provides an outlook for industry growth through 2020.

Fri
06
Nov

Concerns over Marijuana Ruling in Mexico

Together, they form the Mexican Society for Responsible and Tolerant Personal Use, whose Spanish acronym spells “SMART“, hoping the Supreme Court will rule in their favor on Wednesday.

The court’s decision could hasten efforts by Mexico’s states to change their drug laws, which have so far yet to advance beyond limited debate over the use of medical marijuana.

Fri
06
Nov

Bombay Hemp Company makes products from hitherto ‘unrecognised’ fibre - The Economic Times

Inside a cluttered office in one of Lower Parel's mill compounds, seven twentysomethings are dreaming of another green revolution. They are the team that runs India's first industrial hemp startup—Bombay Hemp Company (BOHECO).

Touted to be a billion-dollar industry in the West, hemp so far has received little recognition in India because it is often confused with marijuana. BOHECO's cofounders, who are all graduates of HR College, recounted several instances at conferences and farmer markets when potential consumers have confused "hemp" with "ham" or inquired about the likelihood of "getting high".

Fri
06
Nov

These 10 Women Entrepreneurs Are Smoking The Marijuana Industry

The Oregon-based leaders are proving that weed is serious business.

PORTLAND, Ore. -- With recreational marijuana now legal in the state, entrepreneurs in Oregon are showing that the end of prohibition isn't just about smoking joints legally. It's good business, and the drug is both lucrative and popular in the places that have legalized it.

On July 1, Oregon joined Washington state, Alaska, Colorado and the District of Columbia inlegalizing marijuana possession. A system to buy and sell cannabis wasn't set up until Oct. 1, so the state is only just beginning to see the monetary benefits of the plant.

Fri
06
Nov

Legalize it? Mexican cartels' pot sales could go up in smoke

MEXICO CITY (Reuters) - For Mexico City anti-narcotics cop Nieto Lara, a decision by the country's Supreme Court that could eventually lead to the legalization of marijuana means only one thing: major cartels abandoning the drug and focussing on harder stuff.

Wednesday's landmark Supreme Court ruling would allow four people to grow and consume the plant for recreational use in a country ravaged by a decade of drug violence, but any nationwide legalization of marijuana is likely years away.

Thu
05
Nov

DIXIE BRANDS, INC., GENERAL CANNABIS CORP. AND BLOOM DISPENSARY GROUP FORM AGREEMENT

Initial Dixie Products in Arizona by End of Year as 14,000 Square Foot Kitchen is Built for Full Product Offering in 2016

DENVER and PHOENIX, Nov. 5, 2015 (GLOBE NEWSWIRE) -- Dixie Brands, Inc. (Dixie), a leader in emerging cannabinoid extraction and wellness platforms, Bloom Dispensaries, Arizona's leading group of medical marijuana dispensaries, and an affiliate of General Cannabis Corporation (OTCQB:CANN), a service provider to businesses in the regulated cannabis industry, have entered into an agreement to produce and distribute the entire line of Dixie Elixirs and Edibles products in Arizona.

Thu
05
Nov

Thanks for nothing, Buddie: 4 reasons Ohio's marijuana legalization initiative failed

Issue 3, the ResponsibleOhio marijuana legalization initiative, was trounced at the polls Tuesday, losing by a 2-to-1 margin despite polling that showed a competitive race and a multimillion-dollar advertising campaign that went largely unanswered.

The defeat came even as voters, both in Ohio and nationwide, voice their support for pot legalization. Last month, a Quinnipiac poll had Ohio support for generic legalization at 53 percent, while a Gallup poll had national support for legalization at 58 percent.

Thu
05
Nov

Penticton marijuana club flying under the radar

PENTICTON–“All we’re doing is providing a legal product to a legal consumer.”That’s what Jukka Laurio of Penticton says about his marijuana compassion club.The club operates out of Laurio’s Rush In and Finnish Cafe.It is not licensed by the city.

Thu
05
Nov

Small part of Iowa votes to legalize medical, rec marijuana

Leaders of the Omaha Tribe in Nebraska are considering land in western Iowa for growing marijuana.

The Sioux City Journal newspaper reports tribal members approved three referendums Tuesday giving the Tribal Council the authority to legalize marijuana for medicinal and recreational use and to grow plants for industrial hemp.

Tribal Chairman Vernon Miller says a study will examine whether the business would make financial sense.

Miller says leaders will watch the performance of the Flandreau Santee Sioux's marijuana resort on its South Dakota reservation.

Miller says it's unclear whether the Omaha Tribe's casino, Blackbird Bend, could become a similar resort.

Miller says the tribe will ensure its efforts wouldn't violate federal or state laws.

Thu
05
Nov

Two Early Cannabis Industry Staffing Leaders Partner

Denver, CO- Ms. Mary, a professional Employer Organization (PEO), and Gradujuana, a cannabis staffing agency, announced today that they have signed an agreement allowing their formerly competing companies to join forces and capture market share.  

The arrangement allows Ms. Mary and Gradujuana to share their resources to offer a more extensive recruitment process to their clients. Additionally, Gradujuana will now have the capabilities to offer their clients payroll administration, employee management, and HR consulting through Ms. Mary.

Karson Humiston, Gradujuana President says she is excited to save her clients even more time and money through partnering with Ms. Mary.

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