Marijuana Business News

Synonyms: 
stocks
business
Thu
09
Jul

Matthew in the Middle: Cannabis Dreaming

Regardless of where you stand on the cannabis industry, I believe we all can agree on a few points:

 

  • Prohibition in the United States failed because people wanted to drink alcohol.
  • Every business in America has rules, regulations and pays taxes – except one: drug dealers.
  • The cannabis environmental damage to the North Coast is out of control and something needs to be done about this now.
  • Cannabis legalization for recreational purposes is most likely coming to California in November 2016.

 

Thu
09
Jul

Suit accuses raided Newtown landscaper of fraud

NEWTOWN – The landscaping company raided by FBI agents Tuesday morning is enmeshed in a lawsuit alleging fraud involving a contract with a minority-owned business on public projects.

The lawsuit claims Evans Landscaping is at the heart of a "malicious civil conspiracy" regarding contracts with both the state of Ohio and the city of Cincinnati. The suit alleges Evans Landscaping officials improperly took public money meant for a minority-owned contractor. Evans Landscaping has also sued, claiming lack of payment from that contractor.

The FBI would not say why it raided Evans Landscaping.

Thu
09
Jul

MassRoots Grows to 420,000 Users

Jul 09, 2015 (ACCESSWIRE via COMTEX) -- DENVER, CO / ACCESSWIRE / July 9, 2015 / MassRoots (otcqb:MSRT), one of the largest and most active communities of cannabis consumers, is pleased to announce it has grown to 420,000 users. The Company believes it is the largest social cannabis app and that there are roughly 10 million cannabis consumers in America who actively engage on social media, its immediate addressable market.

"MassRoots' growth continues to exceed both our internal and external goals, putting us on a clear path to 1 million users by early 2016," stated CEO Isaac Dietrich. "We expect to begin monetizing our userbase later this summer and much like our user growth, we believe we will deliver consistent and sustainable monthly revenue growth."

Thu
09
Jul

Legal Pot Business Owner Recalls A Year Of Highs And Lows

One year ago, Cannabis City owner James Lathrop stood outside his Seattle store, one of the first to sell legal recreational marijuana in Washington, and declared “free the weed.”

A year later, he says his pot business has had its highs and lows.

Early on, Lathrop was plagued by a lack of product. He says the shelves were so empty that he couldn't even have a presence at Hemp Fest, the annual Pro Marijuana gathering in the city.

Now, Lathrop says, that isn’t an issue. He says there’s enough supply that prices have come down from $25 a gram to around $15 a gram. Even on the weekday morning when I visit, there’s a steady stream of customers, looking not unlike people browsing the aisles in your neighborhood supermarket.

Thu
09
Jul

Tweed Updates Oil Extraction Efforts and Latest Product Offerings

SMITHS FALLS, ON, July 8, 2015 /CNW/ - Tweed Marijuana Inc. ("TMI" or "the Company"), parent company of Tweed Inc. ("Tweed") and Tweed Farms Inc. ("Tweed Farms") is pleased to announce that pursuant to notification received today from Health Canada, licensed producers such as Tweed and Tweed Farms will be eligible to produce and sell cannabis oils pending the necessary inspections and approvals from Health Canada.

Until today the Marihuana for Medical Purposes Regulations (MMPR) only allowed for the sale of dried cannabis flower. With the addition of cannabis oils to the regulatory framework, Tweed will be able to significantly increase its product offering to provide a more diverse variety for practitioners and patients.

Thu
09
Jul

Oregon’s Retail Marijuana Sales Could Start One Year Early

With the legalization of recreational marijuana in Oregon kicking off on July 1, 2015, there is still one major issue for residents looking to purchase the substance—the fact that they have to wait 15 months until recreational stores are licensed and open for business. This might not be the case anymore, as a bill was passed on July 2 that would allow retail sales as early as October.

Thu
09
Jul

The Soft Underbelly of Marijuana Investing

We were recently invited to the Harvard Club in New York City to cover a conferenceon cannabis investing as a roving reporter. The Harvard Club seemed to be more tweedy than weedy. Our interest flagged when we learned that there would be no edible samples at the conference. We wondered at the insensitivity of the conference organizers.

Even though there was nothing we could really sink our teeth into, on closer inspection there were points of interest. The conference was probably an excellent snapshot of the industry today.

Thu
09
Jul

Cannabis grower hungry for 4x the space

It’s almost moving day for a Denver marijuana grower who is about to more than triple the size of his operation.

Premium Pete’s owner Luke Ramirez expects to sign a lease in the next two weeks to move his recreational cannabis grow from its 3,000-square-foot warehouse near Stapleton to an 11,000-square-foot location along the I-70 corridor.

“We’re going to be increasing production by 800 percent,” Ramirez said. “We’ll be producing just under 240 pounds per month once we reach full capacity. Right now, we’re a little bit over 20 pounds per month.”

The project won’t sprout up overnight. Once the lease is signed, Ramirez will begin a nine-month, $3 million construction project to maximize the warehouse’s efficiency.

Thu
09
Jul

NY: Cuomo liaison quietly pushes marijuana bid

ALBANY — One of Gov. Andrew Cuomo's top liaisons in New York's Jewish community is quietly pushing for a lucrative license to dispense medical marijuana, and recently expressed confidence to a competitor that he will win one from state government in the coming days, email records show.

Thu
09
Jul

HerbFront Expands Access to Powerful Mapping Technology With New Subscription Model

Chicago, Illinois (July 7, 2015) – HerbFront Inc. is pleased to announce a new subscription-based model that will provide users with unlimited listings and searches on the only real estate platform exclusive to the cannabis industry.

HerbFront is the nation’s first real estate exchange platform for the legal cannabis industry. The platform caters to those looking to sell a qualifying property as well as those searching for the best real estate to launch their cannabis business.

Pages

Subscribe to RSS - Marijuana Business News