Some medical marijuana patients are concerned the proposed framework for legalizing recreational marijuana could have a potentially negative impact on the medical cannabis program. Jason Barker, a medical cannabis advocate with Safe Access New Mexico, says he worries that intertwining recreational and medical businesses could compromise the medical supply. “It’s something that will devastate the […]
When extra supply meets the standard demand, prices drop. Not this year. A range of factors including legalization, supplies, increased demand, and weather have combined to limit the annual glut of outdoor. “This year is different,” said Adam Koh, editorial director at Cannabis Benchmarks, a Denver-based cannabis data company. “This is the first time in a […]
In what appears to be the nation’s biggest pot recall ever, Colorado company Bonsai Cultivation voluntarily moved to take its products off of shelves at 144 retail stores in Colorado. During a Denver Department of Public Health investigation, samples of dried marijuana were checked at labs and found to contain potentially unsafe levels of yeast […]
The University of Sciences in Philadelphia has announced the launch of a Master of Business Administration option for students looking for opportunities in the cannabis industry. Though many schools across the nation offer courses that touch on the burgeoning marijuana trade, USciences’ MBA is believed to be the first of its kind with a focus […]
At the recent CoinDesk’s Consensus 2018 conference in New York City, many companies touted blockchain and cryptocurrency as a potential cure for the marijuana industry’s financial headache. Most banks won’t touch money from legal marijuana businesses because cannabis remains a Schedule I illegal drug at the federal level, meaning banks in the strictest sense risk […]
The cannabis industry is projected to add as many as 340,000 full-time jobs by 2022, an estimated annual growth rate of 21%. Retail sales of medical and recreational marijuana in the United States are expected to come in between $8 billion and $10 billion this year and could reach $22 billion by 2022, according to […]
Cannabis has been legalized for medical use in 29 states and approved for recreational use in eight, and market observers, including the majority of financial advisors, believe it is only a matter of time before its national prohibition comes to an end. That means we are witnessing the birth of a new industry, akin to […]
On Saturday, with a celebrity-studded party in the Hollywood Hills and glitzy marketing events at Los Angeles dispensaries, Marley Natural, the so-called first global cannabis brand, will launch its first product lines at medical marijuana shops in California. The debut was a long time coming: The Marley Natural brand, a partnership between the family of […]
In many ways, brand marijuana was established a long time ago. The accoutrements of weed smoking found at head shops in cities and college towns across the U.S. were all adorned with requisite motifs: dancing bears and tie-dyed swirls, skull-faced jesters and Rastafied marijuana leaves. Now that cannabis and its offshoot products are available legally […]
The Minnesota Department of Health (MDH) today announced that it received 12 applications from parties seeking to become registered medical cannabis manufacturers in the state’s new medical cannabis program. Twelve companies applied to become registered medical cannabis manufacturers for Minnesota’s new medical cannabis program. The Minnesota Department of Health (MDH) will select two applicants by […]
WeedHire.com, the premier jobs site for the legal marijuana industry, was included in a New York Post article “Stoners trade tie-dye T-shirts for Wall Street suits” about the business opportunities and Wall Street interest in the lucrative legal marijuana industry. The article highlights the interest many Wall Street types, such as bankers and lawyers, have […]
A subsidiary company of Warren Buffet’s Berkshire Hathaway conglomerate, Cubic Designs Inc., is reportedly exploring the waters of the cannabis industry. The company that specializes in increasing work space by producing work platforms for commercial warehouses, has sent around 1,000 letters to marijuana dispensaries over the past few weeks, offering to help them “double your growing […]
Over 170 business professionals will be attending Florida’s major marijuana business seminar taking place in Ft. Lauderdale this Saturday. Hundreds of eager entrepreneurs from all different types of industries will be attending the medical marijuana business seminar at the Signature Grand in Davie. The events organizers, have been successfully operating Medical Marijuana expo’s in California and […]
Three Chicago entrepreneurs announced the creation of the Prairie Wellness Fund, Ltd., a private debt fund that will provide financing and liquidity to applicants for the newly created medical marijuana licenses that were established by Illinois law last year. The state plans to license 21 cultivation centers and each will have to put up a […]