Marijuana Business News

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Oct

Why a Turnkey Grow Room Setup Is Your Ticket to Cannabis Success

Growing marijuana is one of the biggest possibilities for success for any average person, today. Marijuana is by far the most valuable crop, pound for pound, that is possible to grow, and especially for anyone who loves the plant themselves, getting rich growing a plant you love is a no-brainer, and something that is feasible for just about anyone. No surprise, then, that numerous people all over the country, and even the world, are turning towards the newly legalized states for the entrepreneurial promise they hold.

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Oct

Marijuana sale frenzy over the weekend in Oregon

Medical marijuana dispensaries remained busy throughout the weekend after opening their doors for recreational sales Thursday. 

Many of the dispensaries opened at the stroke of midnight Thursday and were greeted with long lines. Those lines continued the following three days, and thousands of customers found their way to a dispensary. Bend has the most dispensaries in Central Oregon, with 16 locations. 

“It was amazing,” Ben Hebert, owner of Dr. Jolly’s on SE Third Street, said Sunday. “We were totally busy all the time. I think we had a lot of happy people coming out of here.” 

Aviv Hadar, co-founder of Oregrown Industries, which has a dispensary on NW Wall Street, said sales reached $55,000 on the first day alone. 

Mon
05
Oct

How Will the Recreational Marijuana Industry in Oregon Expand?

Oregonians who possess medical marijuana cards have finally been told to take a number.

The aftermath of recreational marijuana becoming a reality: some Portland medical marijuana dispensaries have seen sales overwhelmingly increase overnight. And yes, there are lines. 

GoLocalPDX spoke with Christina Zusman, an owner of Canna Daddy’s dispensary on SE Division, which just started selling recreational marijuana. “Our average now is between 700 and 1000 customers a day when we used to see a couple hundred each day. Sales are good.”  

Mon
05
Oct

5 Prominent Business Leaders Who Support the Legalization of Marijuana

The battle to legalize marijuana is no longer just a Main Street issue. These influential business leaders have taken the helm to fight for the legalization of marijuana.

Whether you realize it or not, the debate over whether or not to legalize marijuana is no longer just an issue for Main Street to deal with. Wall Street has taken notice of the momentum behind the marijuana movement, and some of the world's most influential business leaders and CEOs have begun issuing their opinions on what should happen with marijuana going forward.

Mon
05
Oct

Tribe breaks ground on marijuana lounge

FLANDREAU The Flandreau Santee Sioux tribe announced that it was legalizing marijuana on tribal lands back in June.
Now the tribe is getting ready to make history as it prepares to open a lounge where it will be legal to consume marijuana on the property.

This doesn’t look like much now. There’s debris on the ground and several holes in the walls, but this is all part of the deconstruction process, eventually this building will be the first ever lounge that allows people to legally consume marijuana on the property.

This old bowling alley is in the process of getting a major make over.
Crews broke ground last week, working to turn this into something that will make history.

Mon
05
Oct

Colorado yields to marijuana industry pressure on pesticides

A lack of guidance from the U.S. Environmental Protection Agency frustrated Colorado's efforts to decide how to handle pesticides and pot.

State regulators have known since 2012 that marijuana was grown with potentially dangerous pesticides, but pressure from the industry and lack of guidance from federal authorities delayed their efforts to enact regulations, and they ultimately landed on a less restrictive approach than originally envisioned.

Three years of e-mails and records obtained by The Denver Post and dozens of interviews show state regulators struggled with the issue while the cannabis industry protested that proposed limits on pesticides would leave their valuable crops vulnerable to devastating disease.

Mon
05
Oct

Legal experts address marijuana legalization in Ohio

The leader of one of the nation’s largest metropolitan chambers of commerce is urging local businesses to come out against a ballot issue that would legalize both medical and recreational marijuana.

But legal experts and proponents of Issue 3 say employers need not fear if marijuana is legalized in Ohio.

On Nov. 3, Ohio residents will be asked to vote on both Issue 3 and Issue 2, the Ohio Initiated Monopolies Amendment put on by lawmakers in response to ResponsibleOhio’s campaign to legalize marijuana here. Issue 3, or the Marijuana Legalization Initiative, would create 10 facilities with exclusive rights to commercially grow the drug.

Mon
05
Oct

CannLabs Cans President and Founder Genifer Murray

Genifer Murray, founder and President of CannLabs and a pioneer in Colorado’s cannabis industry, has been forced out of the company, which had previously described her as a “well-respected voice and advocate for safety and best practices in the marijuana industry .” CannLabs, which began trading in 2014 on the OTC with the symbol “CANL” following a reverse-merger,  traded earlier this week to an all-time low of $0.30 per share.

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05
Oct

Kamloops doctor explains why he wants to open the city's first marijuana grow op

A Kamloops doctor could become the proprietor of the city’s first medical marijuana grow operation.Neurosurgeon Dr. Richard Brownlee sees the grow op as both a business and research opportunity.Brownlee opened the Welcome Back MRI and Pain Management Centre in 2008 and while he operates on things like brain tumours, the vast majority of his business is dedicated to managing chronic pain — specifically back pain.Back pain is one of the most difficult things to treat as it’s not always apparent where the pain originates and not always solved with surgery, he says.Brownlee would like to open a medical clinic dedicated to studying the effectiveness of marijuana in pain management in conjunction to the grow op.“As a physician...

Mon
05
Oct

Steps to harvesting medical marijuana

ALBION, Ill. (AP) — Thousands of legal medical marijuana plants are growing under lights in a warehouse in Albion, a small southeastern Illinois city whose residents are more familiar with corn and soybeans. Ataraxia, which runs the facility, was the state's first cultivation company allowed to start growing plants. It has started harvesting and will be the first to deliver to licensed dispensaries throughout the state by mid-October. The Associated Press was given exclusive access to see the crop.

Here's a brief explanation of the 60- to 67-day growing process:

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'IMMACULATE CONCEPTION'

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