Marijuana Business News

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Fri
31
Jul

California city to create 'Marijuana Innovation Zone'

Medical marijuana has come as welcome news for plenty of California citizens, but it’s also created a zoning headache for many cities and would-be dispensaries, according to Next City.

Fri
31
Jul

The Ideal Cannabis Business Plan

Whether you are starting up a company for the first time or you are a serial entrepreneur, someone in your company will inevitably pop the question: “Should we write a business plan?” At this point, many might grumble and opt for the group to pick straws to determine who is going to write it. Simply put, a business plan is no easy undertaking. It requires a considerable amount of time spent researching your industry, scouting the competition, identifying your market, setting realistic milestones, establishing key value proposition, structuring company management, forming financial projections… the list could go on forever.

Fri
31
Jul

Medical marijuana mavens have plans to grow

CHESTER -- When the horse barn off Route 9 in Chester was built four decades ago, state-sanctioned medical marijuana would have been a pipe dream.

Its builders couldn’t have known that with its cordoned-off equine stalls and secure concrete construction, in 2015 it would make the perfect spot for a crop of mother cannabis plants to ignite a new industry in New York.

The horse barn in a remote area past a driveway flanked by rows of maple trees was built for a practice racetrack project that never materialized. It sat vacant for decades and never housed horses, but now it is the proposed site for Etain’s medical marijuana growing operation.

Fri
31
Jul

GoFire™ LLC Attracts National Attention For The Future Of Vaping

Boulder Colorado based GoFire™ LLC, an emerging player in the vapor concentrate industry, seeks to earn market dominance in the form of loyalty and customer engagement in the medical and recreational vaping markets – and is attracting significant attention for their efforts.

Thu
30
Jul

WanaCaps Launches Cannabis Capsules Across Several States

Cannabics Pharmaceuticals Inc. (OTC Pink: CNBX), developer of cannabinoid-based treatments and therapies,partnered with Wana Products in mid-June to distribute its innovative extended release technology designed for medical marijuana. With varying concentrations of THCs and CBDs, the company’s capsules represent the next generation in the evolution of marijuana for the medical community, enabling patients to consume exactly what they need.

Thu
30
Jul

Company in Running for License to Dispense Medical Marijuana in NY Wants to Open Brooklyn Facility

A medical marijuana dispensary is one step closer to setting up in Brooklyn after a community board Wednesday approved its location as the state gets ready to announce which companies will be given licenses. NY1's Jeanine Ramirez filed the following report.

Located under the Gowanus Expressway in Sunset Park, a vacant building that used to house batting cages may soon grow into a new business: a medical marijuana dispensary. A cannabis company called Mindful Medical leased the site, hoping to be one of just five to get a vendor license from New York State.

Thu
30
Jul

Fierce competition for medical marijuana licenses

Of 43 applicants, only five will receive licenses to grow and dispense medical marijuana in New York state.

The winners were initially expected to be announced in mid-July by the state Department of Health and now are expected to be named July 31.

Maybe the waiting got to be too much.

Nature abhors a vacuum, with no news from the Health Department and little public information about the applicants, no wonder that innuendo filled the void.

Over the past few weeks, various publications across the state have run stories about some of the applicants, portraying the quest for a license as a cutthroat business. There is money to be made -- the Washington Post reported that in 2014, Colorado retailers sold $386 million worth of marijuana.

Thu
30
Jul

Manitoba's medical marijuana growing facility says its cannabis is safe, tested

Manitoba's only medical marijuana growing facility licensed to sell cannabis says its marijuana is tested for safety and quality.

John Arbuthnot, vice president of Delta 9, said he doubts those standards are being followed at medical marijuana dispensaries like Your Medical Cannabis Headquarters on Main Street in Winnipeg. He said customers who buy from there need to be careful.

"A lot of the challenges that arise from that are things that are not covered in a regulated market like packaging, labelling. Where's the product coming from?" said Arbuthnot. ​"Has it been grown under sanitary conditions?"

Thu
30
Jul

New York's Medical Marijuana Licenses Expected to Be Awarded by Friday

The New York Department of Health is expected to announce either Thursday or Friday which five companies it has selected to award licenses to grow medical marijuana under the Compassionate Care Act. This announcement, first reported by the Daily Freeman News of Kingston, New York, may come as a welcome, if long-awaited, surprise to the 43 companies that filed their applications for medical marijuana growing licenses nearly eight weeks ago. Many began their application prep several months before the licensing application even appeared online.

Thu
30
Jul

Watch: A look inside medical marijuana facility of one of New York's license bidders

We’re expecting to learn by the end of the week, which companies will be given licenses to grow and sell medical marijuana in New York.

The Health Department has reviewed thousands of pages from 43 applications. Only five will be chosen. One of which is Hudson Health Extracts and they gave us an exclusive look inside their sister company in Watertown Connecticut.

New York will have some of the toughest regulations when it comes to medical marijuana. It will only be sold in the form of pills, tinctures, and vaporizers.

To protect the budding industry, Theraplant is located in a highly secure facility. NEWS10ABC had to suit up to protect the plants from pollen or any type of bacteria.

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