Marijuana Business News

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Wed
27
Jan

The Booming Marijuana Industry Is Still Too White

Legal cannabis is now growing faster than any other industry in the U.S. The enterprise deemed the "next great American industry" by the ArcView Group, a California-based investment and research firm, has grown from $1.5 billion in 2013 to $2.7 billion in 2014, the Huffington Post reported.

Wed
27
Jan

Tax Revenue Expected To Reach $125 Million As 2015 Colorado Cannabis Sales Near $1B

DENVER, Colorado — Colorado’s legal marijuana business boomed last year, with total sales in the state nearing the $1 billion mark, according to current estimates.

Official figures for marijuana sales in December won’t be available until next month, but Ricardo Baca, a staff writer for The Denver Post’s The Cannabist, reported on Jan. 13 that total marijuana sales, including for both recreational and medicinal purposes, had reached $895 million by November.

Wed
27
Jan

Canada: Unlicensed medical marijuana sellers must still pay tax, appeal court rules

Canadians selling medical marijuana outside the licensed mail-order system must still watch out for the taxman, according to a Federal Court of Appeal ruling that reasserts Ottawa’s right to collect sales taxes on any and all pot that is sold.

In a unanimous decision released Monday, judges dismissed an appeal by Gabriola Island grower Gerry Hedges to stop the clawback of almost $15,000 in GST for marijuana he sold over several years to the Vancouver-based B.C. Compassion Club Society, Canada’s oldest dispensary.

Wed
27
Jan

Pharmaceutical companies fight marijuana legalization to keep patients addicted to opioid painkillers

The U.S. Drug Enforcement Agency (DEA) is constantly finding ways to bypass state laws that sanction medical marijuana and harass providers who are operating under those state laws. They are overt and obvious with their application of federal laws.

The Drug Enforcement Administration (DEA), which operates under the U.S. Department of Justice (DOJ), still classifies marijuana as a Schedule 1 drug, a rating that classifies it medicinally useless, dangerous, and addictive. Strangely, the pharmaceutical drugs that are the most dangerous and addictive are Big Pharma's expensive and toxic opiate based pain killers.

Wed
27
Jan

Canada: Medicinal marijuana lounge opens in downtown Windsor

Windsor's first medical marijuana vaping lounge barely had time to open its doors and city officials are talking about finding ways to regulate this type of business.

Higher Limits is already buzzing with customers after opening about a week ago, according to co-owner Jon Liedtke, who says he offers a safe place for medicinal marijuana users to hang out while also eliminating some of the stigma attached to marijuana use.

"We want to bring cannabis out of the closet and put it in the forefront," Liedtke told CBC's Afternoon Drive on Monday. "Right in downtown Windsor is as much of the forefront as we think we can get."

Wed
27
Jan

5 Reasons Why Employers Should Allow Weed Breaks At Work

Standing desks. Flex hours. Unlimited vacation policies. Working from home. In 2016, employers are more open than ever to to new approaches for a happier, healthier, more productive workplaces. So, what about the new wave of employers allowing - and even encouraging - employees to consume cannabis on the clock?

Wed
27
Jan

Canada: Mettrum Health Corp. Launches Premium Cannabis Oils Product Line

Mettrum Ltd.'s new line of premium Cannabis Oils offers an alternative consumption method for patients. The oils will initially be released in Red, Blue and Yellow varieties, in line with the Mettrum Spectrum(TM). A 40 ml bottle will cost $90. (CNW Group/Mettrum Health Corp.)

TORONTO /CNW/ - Mettrum Health Corp. ("Mettrum" or the "Company") (TSXV:MT), a fully-integrated licensed producer (LP) of premium cannabis products, launched its much-anticipated line of Mettrum Cannabis Oils today. 

Wed
27
Jan

Marijuana business incubator comes to Tacoma

Tacoma-based developer George Heidgerken, 74, has a vision. Actually, he has several, and one resides in the center of Tacoma’s industrial district.

He owns the site of the former Abitibi mill on Chambers Creek, and Olympia Beer’s Old Brewhouse in Tumwater, and the Blue Heron Mill site overlooking Willamette Falls outside Portland. He once owned the former federal courthouse in downtown Tacoma, and several years ago he bought some of the assets of the bankrupt Milwaukee Road, including mineral rights, other rights and assorted properties across 13 Northern Tier states.

Tue
26
Jan

Alta Vista Engages Jacob Capital Management Inc.

Vancouver, British Columbia (FSCwire) - Alta Vista Ventures Ltd. (‘Alta Vista’ or the ‘Company’) (AVV-CSE, YRLLF-OTC) has signed an engagement letter with Jacob Capital Management Inc. (‘JCMI’) for the purposes of completing the acquisition of RedeCan Pharm and expanding its operations. Redecan Pharm is one of Canada’s 20 MMPR (Marijuana for Medical Purposes Regulations) cultivation and sales licenses (see news release dated November 27, 2015). 

Tue
26
Jan

Cannabis trade show will roll into Orlando this spring

Orlando's hopes are high for the medical marijuana vote expected to go on the ballot in November. The proposed constitutional amendment would legalize medical marijuana for patients with debilitating conditions as determined by physicians licensed in Florida.

A recent Orlando Business Journal poll tallied an overwhelming majority in favor of the amendment, and legalization will spark budding prospects for local entrepreneurs.

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