BEND, OR / ACCESSWIRE / July 1, 2015 / Med-Cannabis Pharma, Inc. (MCPI) is pleased to announce the completed deal to create a high quality grow facility in the state of Oregon. In the last quarter of 2014, MCPI embarked on a new Joint Venture with Royal Tree Organics to begin a new premier medical marijuana grow facility to produce and bring high quality medicine to market. With 2 MCPI dispensaries already operating in the state of Oregon and the expansion of 2 more dispensaries underway, the impact and importance of this Joint Venture grow facility cannot be overstated.

Day One of the National Cannabis Industry Association‘s (NCIA) 2nd Annual National Business Summit has begun in Denver, Colorado.

With the cannabis industry now being dubbed as the fastest growing industry in the United States, the race is on for entrepreneurs and investors to carve our their slice of the market.

It’s not just hedge fund managers and corporate CEO’s who are getting in on the action. It seems that everyone and their Auntie is getting into the cannabis industry these days.

It seems inevitable—but there's this little liquidity problem

Pot has been generating lots of buzz. 

Twenty-three states and the District of Columbia have legalized marijuana, either for medicinal or personal use, while an additional 13 have planned votes by 2016. If the trend toward legalization continues, there's big profit potential, considering $2.5 billion in legal sales last year—and the estimated $60 billion in illegal sales. ArcView Market Research estimates that the national cannabis market will reach $10.8 billion in sales (retail and wholesale) by 2019.

Kalyx Development pays $3 million for complex that previously was water bottling plant

A west Eugene factory that once produced computer hard drives and later bottled water could next become an industrial-scale marijuana growing operation.

The Eugene Water & Electric Board on Friday sold the 107,000-square-foot building at 3590 W. Third Ave. for $3 million, according to a deed filed with Lane County on Friday.

The buyer is Kalyx Develop­ment, a New York City-based marijuana real estate firm.

Kalyx bills itself online as “the premier real estate development provider to emerging indoor agricultural operators on the national level.”

Medical Marijuana, Inc. now holds 14,943,650 shares of common stock and 500,000 shares of preferred stock in AXIM Biotechnologies, a cutting-edge biotechnology innovator.

Stuart W. Titus, PhD, President and CEO of Medical Marijuana Inc. mentions: "We are extremely excited to announce our strategic ownership interest in AXIM Biotech and explain to MJNA's shareholders some of the important innovations that Dr. Anastassov and the AXIM team are focused on. AXIM Biotech's recent announcements include hemp-based innovations that provide consumers a wide variety of new options worldwide."

By David Murét

There are a couple things we know for certain about operating a company on the front lines of legal cannabis: It isn’t easy, and it isn’t cheap.

As an entrepreneur or executive in this industry, the demands on your finite resources seem endless. When you consider the risks of being under-capitalized in such a volatile market, it seems wise to trim costs wherever you can. For many companies that means turning to one of the countless job boards to search for talent. Why engage the services of a recruiter when a single job posting on Craigslist can yield hundreds of resumes?

On the third Thursday of each month, veteran medical marijuana growers and hopeful newbies gather in the old Williams Grange hall in a small rural Oregon valley long known for growing some of the best cannabis on the planet.

Since voters last fall made the state the fourth to make recreational marijuana legal, people have been flocking to the hall to get the latest update on lawmakers' progress on crafting rules for the new industry.

The entrepreneurs also share tips on how to produce happy and healthy marijuana plants.

Wednesday marks the dawn of a new era in the Northwest recreational marijuana market. While possession becomes legal in Oregon for adults 21 and older that day, a bill ushering in a number of sweeping changes to Washington's recreational marijuana system also will become law.

Gov. Jay Inslee is expected to sign the measure, House Bill 2136, this afternoon, Inslee spokesman David Postman said. Whether Inslee will strike any parts of the bill isn't clear.

"We don't give advance word on vetoes," Postman said in an email to The Columbian, "but I can tell you the administration supported that bill."

The five winners for New York State licenses to grow, market, and sell medical marijuana could be announced as early as Friday.

The battle to win one of the five licenses for New York State’s new medical marijuana program could be over as early as this Friday, Fortune has learned. While the number of applications the state ended up receiving was far lower than what was earlier reported, the intensity of the competition was much greater than anticipated, according to a person with knowledge of the matter.