Marijuana Business News

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Wed
07
Oct

Weed wedding? “Yes, we do”

Once upon a time there was a pretty girl and a funny boy who fell in love. Like every young couple, they dreamt about making a big wedding party to celebrate their union. Church, bride dress, cake, dance floor and everything else that they could ask for. But there was something a bit weird in their dream… Instead of a regular bar, they wish to have a cannabar to give their guests some fun.

And so their wish came true…

No, this is not a children’s story, but could easily be a modern fairytale.

Brides and grooms, even ones who say they don’t partake often but want to be hospitable, are giving guests choices that are much different than the standard merlot or chardonnay. Now, the choice could be Tangerine Haze or Grape Ape.

Wed
07
Oct

New Mexico Vetting 12 Cannabis Producers

Health officials have selected 12 applicants to become licensed nonprofit producers for New Mexico’s medical cannabis program, subject to site visits showing they comply with state regulations.

If all 12 receive licenses, it would increase the total number of licensed medical pot producers to 35, the New Mexico Department of Health said Monday.

No licensed producers have been added to current list of 23 since 2010.

The agency did not identify the 12 selected applicants, despite a directive announced in July by Gov. Susana Martinez that the names of medical marijuana producers and their employees be made public.

Health department officials said the directive requires regulatory changes now in the works.

Wed
07
Oct

10 Things To Know About Recreational Marijuana Sales

Recreational marijuana has been legal throughout Oregon for a few months now. While residents could use it, purchasing from a store hasn’t been possible.

That’s because retail sales of recreational cannabis have remained illegal. That ends Thursday, when the state will begin allowing recreational sales at medical marijuana dispensaries.

According to the OLCC, the state currently projects $10.7 million in revenue for the 2015-2017 biennium.

Here’s everything you need to know about purchasing pot for recreational use in Oregon.

Wed
07
Oct

Proposed California Marijuana Initiative Allows Cannabis Cafés

Jacob SullumThis week Reform CA, the leading campaign to legalize marijuana in California next year, filed the proposed language of its ballot initiative. Like the initiatives in the four states that have legalized marijuana so far, the Control, Regulate, and Tax Cannabis Act of 2016 would allow adults 21 or older to possess up to an ounce of marijuana in public. Like three of those initiatives, it also would let people share up to an ounce at a time with other adults and grow marijuana at home.

Wed
07
Oct

Organic weed? Colorado wants to restrict pesticides on marijuana

The state of Colorado has proposed rules that would reduce the number of allowable pesticides used on marijuana from 200 to about 75. Those to be permitted are the least harmful and already allowed by federal regulators for use on food and tobacco crops.

The proposal was issued last week, according to the Denver Post, and limits pesticide use on pot to chemicals considered nontoxic or safe enough that they do not need to be tested or registered with the federal government -- which still considers pot an illegal drug.

Wed
07
Oct

Majority of medical-marijuana permits in Massachusetts issued to those who don't have one of eight pre-qualifying conditions

The vast majority of medical-marijuana certificates in Massachusetts -- more than 90 percent -- were issued to patients who have not been diagnosed with one of the eight pre-qualifying conditions established under state law, according to new data from the Department of Public Health. 

Wed
07
Oct

3 Great Marijuana Stocks to Watch in 2016

Investors that shun traditional sin stocks (gambling, tobacco, alcohol, porn) will probably not be interested in marijuana stocks. Those that have no issues with making money on sin stocks may want to keep an eye on marijuana stocks in 2016, especially with more and more states permitting medical and recreational marijuana use.

Recreational Marijuana Sales Soar

Pot stocks became popular after Colorado allowed the recreational sale of marijuana on January 1, 2014 and Washington State on June 1, 2014. Marijuana popped back up on Wall Street’s radar last week when Oregon became the third state to allow the sale of it.

Wed
07
Oct

8 Habits of People Who Always Have Great Ideas

Eureka moments are rare. The backstory behind great ideas is often more complex and winding than having an apple fall on your head. But the best part is that creative ideas aren’t reserved for a special group of people; they can come to anyone if you change your mind-set.

Wed
07
Oct

Mark Mirken Resumes Role As CEO of CannLabs

The Board of Directors of CannLabs, Inc. (OTC Pink: CANL) the leading provider of proprietary, cloud-based analytics and scientific testing methodologies relating to cannabis, announced today that Vice Chairman Mark Mirken has rejoined the company as Chief Executive Officer. He has also been elected Chairman of the Board of Directors, replacing Mark Rogers who has stepped down from the Board of Directors. Mr. Mirken is a highly accomplished marijuana industry executive, who served as CEO of CannLabs until earlier this year. In April, Mirken assumed a consulting role in order to focus on strategic partnerships and new business development as well as serving as Vice Chairman of the CannLabs board.

Wed
07
Oct

New York State Moves Closer To Growing Industrial Hemp

BINGHAMTON, N.Y. (WIVT) -

 

New York State stands ready to start growing industrial hemp as part of a research program next year.

Assemblywoman Donna Lupardo says the State Agriculture Department has released regulations for the pilot program that will allow universities in the state to apply for 10 licenses to grow and study hemp.

The research crop is related to marijuana, but lacks any significant amount of THC, the psychoactive chemical that makes marijuana a recreational drug.

Instead, industrial hemp is used to make paper, clothing, rope, oils, food products as well as the cannabinoids that are used in medical marijuana.

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