Marijuana Business News

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Tue
30
Jun

Fiorello eyes Glenville for medical marijuana facility

The way Bronx resident Ari Hoffnung sees it, Schenectady County is the perfect place for a medical marijuana operation.

"There's no way you could do this in New York City," Hoffnung said, gesturing with his hand toward the cavernous, 120,000-square-foot space his firm, Fiorello Pharmaceuticals, has leased at the Glenville Business and Technology Park.

Mon
29
Jun

In Weed We Trust

Denver is America's cannabis capital. Reefers, pipes, bongs — even candy — whichever way you roll, it's all legal

The mile-high city is what they call Denver on the tourist brochures and the posters — it sits in the lap of the Rocky Mountains. So it was with the serendipity of nominative determination that Colorado became the first state to legalise recreational use of marijuana in America — thus  transferring the slogan onto a million hilarious hippie T-shirts.

Mon
29
Jun

Plandai Biotechnology Enters Into Agreement to Supply Phytofare to United Kingdom Distributor With First Purchase Order

Plandaí Biotechnology, Inc. (OTCQB: PLPL) (“Plandaí” or “the Company”), producer of the highly bioavailable green tea extract, Phytofare® Catechin Complex, today announced that it has entered into an agreement with ProTec Nutra (“ProTec”), a leading supplier of high quality ingredients to the European food and nutraceutical industry, to become the official distributor of the Company’s Phytofare® Catechin Complex in the United Kingdom (UK). ProTec has placed its first order for Plandaí’s Phytofare® Catechin Complex to fill confirmed orders that ProTec has received from its client base in the UK.

Mon
29
Jun

American Green Executes Acquisition Agreement With TrackX -- a Global Leader in Cloud-Based Physical Asset Management

TEMPE, AZ--(Marketwired - Jun 29, 2015) - American Green, Inc. (OTC PINK: ERBB) is very pleased to announce today that it has executed an acquisition agreement with TrackX, LLC(www.TrackX.com). TrackX, a Denver-based company, is one of the country's leading providers of complete Radio Frequency Identification (RFID) tracking and cloud-based physical asset management systems. TrackX owns and maintains process patents and services designed to cater to numerous nationally recognized customers. American Green believes that TrackX is positioned to be the premiere RFID-enabled asset tracking and supply chain solutions provider globally.

Mon
29
Jun

Eugene Water & Electric Board sells building to marijuana development firm

The Eugene Water & Electric Board has sold a large west Eugene industrial building to a marijuana real estate firm for $3 million.

EWEB and New York-based Kalyx Development closed a deal Friday on the 107,000-square-foot building at 3590 W. Third Ave, according to a deed filed with Lane County.

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

Its website doesn’t mention marijuana by name, but an online flier for this month’s Cannabis World Congress & Business Exposition described Kalyx as “a leading cannabis real estate and property development firm.”

Mon
29
Jun

Why Marijuana Marketing Needs Some Data-Driven Dankness

Jayne Pimentel is high on marijuana marketing – in particular using ad tech to support a budding industry.

Pimentel, currently Reddit’s ad ops chief and formerly demand-side platform Turn’s director of emerging media, is also founder of CanX – an app designed to connect cannabis growers, product producers, dispensaries and consumers.

It uses anonymous registration data that lets producers see which products from which dispensaries are most popular. Consequently, they can market on a one-to-one basis to people on CanX.

“CanX is similar to programmatic, in that you can use data on the supply side,” Pimentel explained. “If you think of the producers as the supply side and the consumer as the demand, we’re trying to connect those pipes.”

Mon
29
Jun

Cannabis college hosts DC marijuana seminar

On Sunday, Oaksterdam University held a cannabis seminar for those interested in the product.

WASHINGTON — There’s law, medicine and culinary arts being taught just blocks away from the White House.

But this isn’t your typical college seminar. It’s a crash course on all things cannabis.

The Sunday event, held at the Capital Hilton on 16th St. NW, was put on by Oaksterdam University, a Oakland, California-based school that claims to be the nation’s only recognized cannabis college.

Mon
29
Jun

Are Marijuana Prices About to Plummet?

The marijuana industry could be a giant in the making.

According to a 2014 report from GreenWave Advisors, a research firm for the up-and-coming marijuana industry, if all states and the federal government were to legalize recreational and medicinal marijuana, it would be a $35 billion industry by 2020. Even if this scenario seems unlikely, GreenWave predicts that by 2020 the marijuana industry will expand to become a $21 billion market, with 37 states in total legalizing the product for medicinal purposes, and 12 states legalizing marijuana for recreational, adult use.

But, despite all this promise, the marijuana industry is nothing if not nascent and unproven.

Mon
29
Jun

Why marijuana stocks might go up in smoke

Such behavior led the SEC to put temporary trading halts on five of the better-known marijuana stocks last year: Fusion Pharm (ticker: FSPM), Cannabusiness Group (ticker: CBGI), Advanced Cannabis Solutions (ticker: CANN), Petrotech Oil and Gas (ticker: PTOG), and GrowLife. The reasons included doubts about the accuracy of financial information, potentially illegal sales of securities, and market manipulation.

Mon
29
Jun

Hope, anger and confusion in Minnesota as medical marijuana launch nears

On Wednesday, Minnesota steps into the strange new world of the marijuana business.

Never mind that the federal government says marijuana is as dangerous as heroin, putting both in the Schedule 1 category of controlled substances. Starting Wednesday, pot pills will go on sale as medical marijuana.

“I must say this is really very odd. We are talking about a Schedule 1 drug,” said Beth Hundley of Golden Valley, who will be buying the marijuana for her epileptic 3-year-old daughter.

The little pills contain more uncertainty than any medicine has before it.

They can’t be made by big companies, which won’t touch an illegal drug — so Minnesota has licensed two home-grown startups to do it.

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