In late February, a law legalizing many aspects of marijuana went into effect in DC. Specifically, the law made it legal to possess a maximum of two ounces of marijuana, transfer up to one ounce to another person without any money changing hands, and grow a maximum of six marijuana plants in a home.

Many industries are now looking for ways to capitalize on the new law, and that includes condo developers.

Eric Hirshfield recently finished two, four-level condos that sit side-by-side on the 500 block of Kenyon Street NW. The units have features that buyers would expect of a new condo, like a gourmet kitchen, oak flooring, and marble baths.

AKRON, Ohio – Kathy Stitzlein isn't saying which way she'll vote on Issue 3 – the initiative that would, in one fell swoop, legalize recreational and medical marijuana use in Ohio – but the University of Akron Ph.D. student could have key business stake in how the measure plays out across the state come November.

Stitzlein, who is studying biomedical engineering, has invented the marijuana equivalent of the Breathalyzer, a detection system that is being made for roadside use. The Cannibuster, as it's called, is still being lab-tested but would ultimately read a user's THC levels, the chemical responsible for pot's psychoactive effects, using a quick, non-invasive saliva test.'

It all started, she said, as an extra-credit assignment.

WASHINGTON state expects marijuana sales taxes to bring in more than $1 billion over the next four years, according to a budget forecast published by the Office of Financial Management.

In the first year since legalising both medical and recreational cannabis, Washington collected $67.5 million in marijuana-related taxes, directed toward its general fund and health-related services.

This year, the state expects to pull in $154.6 million. As of Sept. 30, three months into the state’s fiscal year, Washington had already collected $37.6 million, said Steve Lerch, executive director and chief economist for the state’s Economic and Revenue Forecast Council.

Marijuana-producing Canopy Growth Corp. announced on Friday that it has raised $12.5-million in an equity bought deal, led by Dundee Securities Corp.

The stock sale was done at $2.05 a share, a discount of 15.5 per cent compared with where Canopy shares closed on Thursday.

The announcement of a dilutive equity deal was an about-face for the company. In an interview with The Globe and Mail on Tuesday, Canopy chief executive officer Bruce Linton played down any talk of a capital raise being imminent.

“At this time, no,” he said, explaining that Canopy was sufficiently well-capitalized for now, having raised $22-million earlier in the year.

Dany Lefebvre has a sleek, modern production facility set up near Drummondville, Que. with a state-of-the art ventilation system, heat lamps and high security.

All he needs now is the green light from the new Liberal government to grow marijuana in it.

"We know they'll have four years," Lefebvre said from the headquarters of Vert Médical in St-Lucien, 130 kilometres east of Montreal.

"In my opinion, it'll definitely be implemented in that time."

Lefebvre is among many entrepreneurs across Canada eagerly awaiting a Liberal proposal to legalize marijuana become reality.

He has close to 40 hectares of land primed for planting hemp.  In addition, he hopes to grow high-quality marijuana in his indoor facility.

Canadian nutraceutical and pharmaceutical company, Timeless Herbal Care Limited (THC), which has operations in Jamaica, is the first private entity to be granted a ganja research licence by the Government.

The licence is the third to be issued, following similar awards to the University of the West Indies (UWI), and University of Technology (UTech)

The licence permits THC to cultivate ganja (marijuana) locally for research and development, in keeping with provisions outlined in the amended Dangerous Drugs Act.

Welcomes Erica Reilly to the Team

Denver, Colorado (PRWEB) October 26, 2015

Amercanex, the American Cannabis Exchange, announced today that Erica Reilly has joined the company as the Director of Communications. She will be in charge of developing and implementing communications strategies and initiatives.

Reilly has an extensive communications background in the commodities industry, having previously worked at the New York Mercantile Exchange (NYMEX), Commodity Futures Brokers & Traders Association (CFBTA) and Greenberg Capital LLC. In these roles, she handled public offerings, mergers and acquisitions, employment communications and regulatory matters.

(Hollister is one of the few executives in the cannabis space who have successfully completed a major funding)

How risky, really, is lending to Colorado’s marijuana industry? It depends on whom you talk to, and, whoever it is, you’re not going to come away feeling any better, or worse.

That’s because the unknowns abound, more than in any other business lending, and unknowns are anathema to lenders, as opposed to venture capitalists, who assess what is known, and then bet on it.

Both investor categories are making assumptions about future events, with lenders taking the conservative approach. It’s pretty hard to know what those events might be when you don’t even know the rules of the game.

BEND, Ore. -

The Oregon Liquor Control Commission has released  temporary rules that will regulate the state's recreational marijuana businesses for much of next year.

The new temporary rules will be in effect starting Jan. 1 until June 28 of next year, when permanent rules are expected to be in place.

"I think the rules were a great first step, in issuing a draft to let the community of Oregon know what they are going to expect next year," BloomWell owner Jeremy Kwit said Sunday.

The 78-page guidelines cover all the basics on how recreational marijuana shops must operate.

The rules limit the size of growing operations and won't allow medical and recreational stores under one roof.