Marijuana Business News

Synonyms: 
stocks
business
Thu
21
May

Marijuana expo draws 'gold rush' to Illinois

Oils and extracts, vaporizers, grow lights and joint rollers filled a marijuana convention in Chicago on Wednesday — without a puff of pot in the air or a single leaf of the drug yet sold legally in Illinois.

More than 2,000 people attended the Marijuana Business Conference & Expo, hoping to cash in on a business that is forecast by one industry-backed market research group to grow to $11 billion in annual sales nationwide by 2019,.

Thu
21
May

“Get your hands on the good stuff”: Naked man soap-on-a-rope ad not so dope for The Body Shop

Is this Body Shop ad campaign daring or just dopey?

The Body Shop is facing pressure on a number of fronts to drop the latest advertising campaign for its hemp-based skincare products, with social media users and activist group Collective Shout calling out the retailer’s use of an image of a naked man holding an oversized piece of soap in the shape of a hemp leaf.

But one advertising expert says the criticism is just an example of the ongoing “conservative backlash” against advertising that may test some boundaries.

Thu
21
May

Allan Rock says medical marijuana business is wife's venture, not his

The president of the University of Ottawa says he is not involved in a medical marijuana operation that his wife and one of their children are setting up.

Allan Rock issued a statement Wednesday contradicting a published report that suggested he has a role in a company looking to call itself RockGarden Medicinals.

“I have no involvement with this application nor the proposed business venture that is being planned,” Rock said in a statement to the Citizen. “I am not a director, shareholder, officer, employee or advisor of the company they have incorporated to carry on their business should they be granted a licence. I do not attend meetings, provide counsel, or participate in any other way in the proposed venture.”

Thu
21
May

Australia: Opposition to medical cannabis based on 'faith, not logic'

Medical cannabis will eventually be legalised in Australia and opposition is based on "faith, not logic", the chairman of a business granted permission to grow crops on Norfolk Island has said.

Former West Australian Liberal MP Mal Washer, who is a GP and chairman of a Perth-based company which has just been granted permission to grow medical marijuana on Norfolk Island for export to Canada, said the growing operation would be closely monitored.

The company had previously sought permission to grow cannabis in Tasmania but encountered too much opposition.

Thu
21
May

Watch: Washington marijuana industry could grow fast with tax bill

As marijuana businesses expand in Washington State, a bill being debated in Olympia could prompt the industry to grow even more.

Producers, processors and retail shop owners are closely watching HB 2136, which would rework some of the current regulations and change the tax structure. Some marijuana businesses say it's nearly impossible to make any money under the current tax structure.

"We've learned a lot since I-502 passed," says Rep. Reuven Carlyle (D-Seattle), the bill's primary sponsor. "This is an update, and a modernization of the current initiative."

Thu
21
May

MCSO: Large marijuana grow busted south of downtown Phoenix

Other addresses included apartments and homes, plus the ZaZa Nails & Spa salon in Anthem, which Arpaio said was being used to launder money.

The warehouse, which featured four growing rooms, was the only location where marijuana was being cultivated, deputies said. The two-story tan building, about 50 feet on the square, featured two large roll-up doors and was protected by a cinder-block perimeter wall topped with rolls of razor wire.

During the early-morning drug bust, the odors of fresh marijuana and fertilizer overpowered those of diesel trucks roaring by on busy Seventh Avenue.

Arpaio said he was a little surprised that the indoor farm could be hidden from the public so well, but added that the drug ring was a "sophisticated operation."

Thu
21
May

The Marijuana Economy Is Coming Out of the Shadows

Expanding the cannabis market will require not just drug reform legislation, but also a consistent infusion of capital.

The convention floor at Denver Airport's Crowne Plaza on a recent afternoon could have been the trade show for any well-established industry -- gray-haired execs in conservative suits mingling with office park dads in polos and fresh-out-of-college types in brand-emblazoned T-shirts. Only this is a new kind of business conference with a special Colorado theme: legal weed.

Thu
21
May

25 Powerful Quotes for Entrepreneurs

I still vividly remember stumbling across a volume of Bartlett’s Familiar Quotations for the first time. I was in second grade, carefully choosing books to check out from the local library. The maximum number of books you could borrow at a time was 25, and I was accustomed to devouring each beloved book quickly and enthusiastically.

As I made the decision to include this interesting book in the day’s bounty, my mind immediately began to wonder whose job is it to edit such a publication?And who are the great men and women who first spoke these important words?How important they must be, I decided, to end up in such a monumental book!

Thu
21
May

The University of Colorado will Change the World through its Hemp Research Program

Colorado has not only been at the forefront of the marijuana revolution through the state’s efforts to legalize recreational marijuana, but Colorado is also a leader in industrial hemp research. The University of Colorado Boulder has scientists studying industrial hemp for research purposes.

These efforts are being led by Nolan Kane, a geneticist who specializes in evolutionary biology. Right now, Kane is only allowed to grow strains. The rest of his research material is cannabis DNA, which is supplied by Colorado growers who extract it using methods he’s taught them.

Thu
21
May

Public Hearing on Vancouver Medical Marijuana Dispensary Rules Set For June 10

CANNABIS CULTURE - A public hearing regarding the City of Vancouver'sproposed regulations for medical marijuana dispensaries will be held at City Hall on Wednesday, June 10, 2015, at 6 PM.

To register to speak at the hearing, members of the public can send an email to publichearing@vancouver.ca or call 604-829-4238 after 8:30 am on Friday, May 29.

Citizens have been invited to provide comments to Mayor and Council atmayorandcouncil@vancouver.ca and they will be distributed to Council in advance of the hearing.

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