Marijuana Business News

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Tue
27
Oct

Brazil Government Now Medical Marijuana, Inc.'s Largest International Client With Cannabidiol (CBD) Hemp Oil Export Including RSHO

Brazilian Government Subsidizes Cost of Real Scientific Hemp Oil(TM) (RSHO(TM)) Cannabidiol (CBD) for Qualified Patients, Waives Import Taxes

 

SAN DIEGO, Oct 27, 2015 (GLOBE NEWSWIRE via COMTEX) --

Tue
27
Oct

Futureworld Hemptech To Launch “grow.droid” For Cannabis Industry

Fully Automated "Plug 'n Play" Grow Platform Designed to Increase Productivity & Profit

Saint Petersburg, FL, Oct. 27, 2015 (GLOBE NEWSWIRE) -- HempTech Corp., a technology company catering to the cultivators of industrial hemp and cannabis market, is excited to announce the launch of "grow.droid", an all-inclusive, fully automated "plug 'n play" grow platform designed with premium commercial agriculture components for marijuana growers and cooperatives. The grow.droid product will be launched at the 4th annual Marijuana Business Conference & Expo in Las Vegas, November 11th - 13th. This unique grow platform is available with a monthly lease option making growing affordable for small to medium sized grow facilities.

Tue
27
Oct

Quantified Self: MyDx Targets a Growing Multi-Billion Dollar Industry

SEATTLE, WA / ACCESSWIRE / October 27, 2015 / The quantified self movement has been rapidly expanding over the past several years, as consumers embrace its "if you can measure it, you can change it" principles. According to IHS, the global market for wearables and sensors will rise to 210 million units shipped and $30 billion in revenue by 2018, while companies like FitBit Inc. FIT, +7.91% and Apple Inc. AAPL, -0.85% are already making millions of dollars each quarter selling early-stage technology.

Tue
27
Oct

Colorado's Marijuana Sales Are Blazing Ahead, but That Exposes 3 Major Problems

The legal marijuana industry is on pace to eclipse $1 billion in sales this year (perhaps in Colorado alone), but that doesn't mean it doesn't have major problems yet to overcome.

Call it the story of the decade if you like, but the marijuana movement appears to be an unstoppable force at the moment.

Tue
27
Oct

Marijuana businesses voice fear of a Republican president

On Wednesday, GOP candidates will take the stage in Colorado, which has embraced legal cannabis. But several of those presidential hopefuls have marijuana industry worried: ‘I go to work every day and violate federal law’

Since Colorado became the first state in the nation to allow sale of recreational marijuana, Tim Cullen has opened four dispensaries in the Denver area.

He employs almost 100 people. He has a three-year-old son. And he is all too aware that, unless Congress were to change federal law, the next president could take his livelihood and his freedom away.

Tue
27
Oct

Denver's Plan to Share Pot Expertise With the World and Other Marijuana Events

Though sometimes reluctantly, Denver is viewed as a trendsetter around the world thanks to being the first major city to regulate legal marijuana.

 

The City of Denver is ready to officially share its marijuana experiences with politicians and regulators from around the world next week, as it hosts the Denver Marijuana Management Symposium at the Colorado Convention Center on Thursday, November 5 and Friday, November 6.

And that's not the only marijuana education in this week's Cannabis Calendar. 

Tue
27
Oct

Few Vancouver marijuana dispensaries move on in application process while others ordered closed

Vancouver marijuana dispensaries that did not submit a licence application last summer must close their doors “immediately”, the city has warned, or “be subject to enforcement action”.

“The City inspects these businesses regularly,” states an October 26 media release. “As with other businesses, the City will use a range of enforcement tools, including fines and legal action.”

That was included in an update on a licensing process that the city began last June with the adoption of a new legal framework for marijuana-related businesses.

Tue
27
Oct

Kevin O'Leary sees 'spectacular' profits in legal marijuana but is afraid to invest

Millionaire investor Kevin O’Leary says he sees “spectacular returns” from the legalization of marijuana, but won’t invest because his lawyers have advised him not to do so.

O’Leary told CTV News Channel he’s been researching legal marijuana industry for three years, and recently considered partnering with a hydroponics facility in Vermont but “just can’t take the risk.”

Tue
27
Oct

With deadline approaching, medical marijuana locations still unsettled in New York

ALBANY— With roughly three months left until the state’s medical marijuana program is supposed to be fully operational, several companies awarded a license to grow and distribute the drug aren’t sure where they will locate some of their dispensaries, calling into question whether the program will be up and running by January, as Governor Andrew Cuomo promised.

Five of the 20 dispensary locations, which the state sanctioned, have not been finalized yet by the local governing body, meaning that patients in large areas of the state could be left without access to the drug.

The apparent lack of readiness alarmed patient advocates, who were already concerned that the state's program was too limited to provide statewide access.

Tue
27
Oct

California Marijuana Growers Reel From Cannabis Farms Consumed By Wildfires

Mike Ray got the call one afternoon in mid-September, while he was in San Francisco working at Bloom Farms, the medical marijuana company he founded. The Butte Fire, which has been burning in Calaveras County northeast of the Bay Area for over a week, was moving toward his family’s 300-acre farm. The operation, at the foot of the Sierra Nevada mountain range, had been Ray’s home as a teenager and had a 99-plant marijuana grow that was the main source of his company’s high-cannabidiol (CBD) cannabis oil. There had been close calls with wildfires in the area, but the blazes had always changed directions before reaching the farm.

This one, however, didn’t look like it was going to shift.

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