Marijuana Business News

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Wed
23
Mar

Denver's Kindman Cannabis Calls for Greater Transparency by Colorado Regulators, Following ...

Some experts, meanwhile, hope Kindman will share the results of its Colorado Open Records Act request with the legal marijuana industry’s scientific community.

In the wake of a dispute over legal marijuana testing procedures and an announced recall, the founder of Denver-based Kindman cannabis is calling for greater transparency and collaboration between industry stakeholders and the state of Colorado regarding its testing protocols for marijuana products.

Last week the state’s Marijuana Enforcement Division (MED) said cannabis samples from Denver-based Kindman came back positive for trace amounts of a banned insecticide.

Tue
22
Mar

Hawaii's Largest Aquaponics Farm Looking to Grow Medical Marijuana

Mari’s Garden in Central Oahu, which is one of the largest aquaponics farms in the United States, could be adding a medical marijuana growing operation to its mix, according to public documents.

ERBA Wellness, headed by an owner of Mari’s Garden and its consultant, who have applied with the state Department of Health to become one of three medical marijuana dispensaries on Oahu, plan to grow their products at the Mililani farm, according to a recent presentation by the group at the Mililani/Waipio/Melemanu Neighborhood Board.

Tue
22
Mar

Check Out The Profit Margins For Cannabis-Infused Goodies

According to new data published in the 2016 Marijuana Business Factbook, profit margins for concentrates and infused products in the cannabis sector hover around 32% - significantly higher than those typically realized by alcohol, soft drinks, and cigarettes.

"Demand for these forms of cannabis are booming, and consumers are often willing to pay a pretty penny for them," according to the Marijuana Business Daily. "Edibles in particular are growing in popularity, particularly in recreational marijuana markets, as are concentrates used in vape pens."

Tue
22
Mar

Method Man & Redman Reportedly in Talks With Pot-Finding Mobile App

How High stars Method Man and Redmanare said to be looking to invest in a new app that makes it easy to find legal pot. BlazeNow CEO Jeremy Carr tells HipHopDX that the pair are in talks to "be involved" with the app -- which, when officially launched April 20, will let users search thousands of legal dispensaries and delivery services in states where marijuana is legal -- but nothing is official yet.

Tue
22
Mar

Google Denies Medical Marijuana Company in NY Rights to Advertise on Site

A medical marijuana company with ties to New York is calling on Google after they say the search engine giant denied them the opportunity to market their products. Time Warner Cable News reporter Michael Howard has the details on why Google says they did so, and how a local lawyer says it has yet to be dealt with on a national level.

The CEO of Vireo Health of New York Ari Hoffnung says he is frustrated with Google after the company denied Vireo the opportunity to market its products on the worlds largest search engine. 

Tue
22
Mar

Marijuana Startup Accelerator CanopyBoulder Is Leading A Cannabis Industry Boom, But Some Grads Say The Program Isn’t Worth The Hype

BOULDER, Colorado — It was week three for the new class at CanopyBoulder, the first seed-stage business accelerator focused squarely on the cannabis industry, and on this sunny Tuesday afternoon, CanopyBoulder managing director Micah Tapman was giving the 10 nascent marijuana companies chosen for the program a lesson in making personal connections.

A few days earlier, a major businessman in the Colorado marijuana industry had given a presentation at the accelerator. But after the talk, hardly any of the program participants had introduced themselves to their guest. Considering that individual is worth millions, that was the wrong move, said Tapman.

Tue
22
Mar

How To Choose The Right Vaporizer

As new vaporizer models are being launched on regular basis Vape Track came up with handy visual introduction to the vaping world which contains information on vaporizer types, how each of them works, most important tech specs and top model recommendations.

See their infographic below: 

Mon
21
Mar

The Wana Gathering: How Art Enhances Life

What:

Mon
21
Mar

Six Branding Tips Unique To Cannabusiness

With advertising options severely limited by law, the way a cannabis product presents itself in the retail or dispensary space is one of the most critical ways to attract awareness and boost sales. Here Jennifer Culpepper, founder of BrandJoint.com, share tips with those in the industry hoping to establish their brands.

HOW SHOULD I GET STARTED DESIGNING MY CANNABIS BRAND?

Mon
21
Mar

Marijuana Price Slips to $1,901 per Pound

For the week ended Friday, March 18, the spot price index for a pound of cannabis fell about 1% from $1,918 in the prior week to $1,901. The simple average price for a gram also rose about 1% from $4.56 to $4.60.

The futures price for the front month (April) fell 3.2% from $2,030 to $1,965. For the month of May, the forward price fell 5.5% to $2,000 a pound. The six-month forward price for September remained unchanged at $2,200.

About two-thirds of the past week’s transactions occurred in a range of $1,610 to $2,550 per pound, according to the analysts at Cannabis Benchmarks. The analysts also commented on the forward price curve:

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