LAS VEGAS, NV--(Marketwired - July 21, 2015) - CannaVest Corp. (OTCBB: CANV), a leading manufacturer and distributor of hemp-derived Cannabidiol (CBD) oil products, announced today that it has entered into a Settlement Agreement with Medical Marijuana, Inc. and its affiliated companies (the "MJNA Parties") to resolve all pending litigation. Pursuant to the settlement, the MJNA Parties will pay CannaVest the sum of $750,000, $150,000 of which has been received and the remaining $600,000 is payable pursuant to the terms of a Secured Promissory Note payable in six equal monthly installments.

A Colorado-based marijuana grower looking to enter New York's medical pot market - and open a dispensary in Brooklyn - was flagged by Denver health officials for potentially dangerous levels of pesticide in its plants.

Mindful Medical, which has applied for a license in New York, was one of 11 growers to have holds placed on the use of their plants this spring after inspectors from Denver’s Department of Environmental Health found high pesticide levels, said city spokesman Dan Rowland.

“The city Department of Environmental Health determined that some of the treated plant material could be a health risk,” Rowland said.

OrganiGram Holdings Inc. (TSX VENTURE:OGI)(OGRMF) (the "Company")wishes to issue the following statement regarding this morning's announcement of a lawsuit filed against OrganiGram Holdings and OrganiGram Inc. by Marijuana for Trauma (MFT).

KINGSTON, Jamaica— Communications consultant Delano Seiveright says there is a need for a clear roadmap for the overarching development of the local ganja/cannabis industry.

“We need now a clear roadmap for its overarching development, further reforms, immediate enactment of a simple, efficient and transparent regulatory structure that favours traditional farmers, investors, new businesses, and increasing tax revenue, and the clearing away of bureaucratic obstacles and anti-ganja impulses by hostile forces,” says Seiveright.

Speaking at the the Re-Imagine Jamaica: Unlimited Possibilities A Brand Jamaica symposium at the University of the West Indies (UWI), Mona on Friday, he argued that Jamaica is ripe for an “amazing, mind-boggling economic windfall” from ganja.

Two companies are teaming up to make it easier for pot businesses to track their products and comply with regulations, which may finally persuade banks to work with entrepreneurs in the industry.

The cannabis industry still has a banking problem. Although a growing number of states have legalized medical and/or recreational marijuana, it is still illegal under federal law. This makes most banks apprehensive about serving pot businesses.

Despite significant investment, many entrepreneurs aren’t using government grants. Their reasons aren’t encouraging

anadian entrepreneurs are leaving money on the table: A new study from PricewaterhouseCoopers (PwC) found that close to half of startups aren’t taking advantage of available government funding.

America’s first ever ad for a marijuana product has been pulled because of concerns about its legality.

The 15-second commercial for Neos, a company which makes “vape pens” infused with cannabis oil had planned to run the ad on the Denver based TV channel KMGH, in Colorado.

The state changed its laws in 2013, allowing adults aged 21 and over to grow and legally possess small amounts of Cannabis and providing licenses for cultivation, manufacturing and testing facilities as well as shops to sell it in.

Marijuana ads are legal in the state but they can only run if 70 per cent of the audience is over 21, so the 15-second spot was planned to go out before late night talk show “Jimmy Kimmel Live!” 

By Hilary Bricken, Canna Law Group

Earlier this year, a Colorado cannabis company instituted a successful statewide recall of one of its marijuana-infused products and another Colorado cannabis company had a similar recall last summer. Whether you’re a marijuana producer, manufacturer, or a retailer, now is the time to establish a reliable and effective recall procedure.

My firm has blogged before about products liability and the cannabis industry, and we all know it’s just a matter of time before a plaintiff successfully sues a marijuana company for injuries caused by a defective marijuana product.

Marijuana for Trauma founder Fabian Henry alleges OrganiGram denied the not-for-profit organization its interest in trauma healing centres opened in several cities in eastern Canada. (CBC)

Marijuana for Trauma Inc., has filed a lawsuit against licensed medical marijuana producer OrganiGram Holdings Inc., over the development of Trauma Healing Centers across the country for veterans and others dealing with post-traumatic stress disorder.

Fabian Henry, founder and president of the Oromocto-based company Marijuana for Trauma, alleges Moncton-based OrganiGram unlawfully terminated a partnership and inappropriately used proprietary information in documents filed with the Court of Queen's Bench in Fredericton on July 6.

In the past two months, police have seized two cars from an Anchorage marijuana delivery service. The owners said they’ve been left in the dark about when -- or even if -- their property will be returned.

Experts say current search and seizure laws allow law enforcement to take and hold the property, though they contend the Alaska Legislature needs to rethink the laws in terms of a ballot initiative that legalized recreational marijuana in Alaska.

Michael Crites, who owns Absolutely Chronic Delivery Company along with his wife, said two Anchorage Police Department stings in recent months resulted in the loss of two cars tied to the business.