Organizers behind an effort to legalize medical marijuana in Florida are on a roll. People United for Medical Marijuana, which is gathering signatures to get a constitutional amendment legalizing MMJ on the fall 2014 ballot, raised more than $230,000 in October. To...
The Michigan Senate passed a bill today that would allow pharmacies to sell medical marijuana, a contentious measure that some say would help the state's cannabis industry and others fear would open the door to Big Pharma. The bill passed by a 22-16 margin. It now...
By Michael McGrory Cannabis industry veterans and rookies alike are forming business entities, securing financing, scouting locations and doing a host of other necessary legwork in anticipation of the day when legalized sales of medical marijuana will commence in...
Michigan judge Mark Trusock called the state’s legal medical marijuana law “one of the worst statues that was ever written and put into place,” while sentencing a local dispensary owner to probation. The dispensary owner, David Overholt, pleaded no contest to delivery...
What's the biggest mistake a cannabis business owner can make when facing an audit? Start talking to the IRS directly. “Never respond to an audit yourself," said noted California marijuana attorney Henry Wykowski. “IRS agents know how to ask questions and get you...
Let the fundraising begin. Organizers behind a bid to legalize medical marijuana in Arkansas have officially started raising money to put an initiative on the 2014 ballot. Arkansans for Compassionate Care and Americans for Safe Access held their first major...
A committee of agricultural experts in Oregon will meet this December to draft rules to oversee industrial hemp cultivation. If the group can satisfy federal officials with a set of rules, Oregon farmers could plant their first hemp crop by this spring. Hemp...
Technology and consulting company MedBox Inc. announced today it has teamed up with the Santa Monica, Calif-based investment bank DelMorgan & Co to review its strategic options. MedBox said it will explore various opportunities for raising additional capital,...
Hemp growers in Colorado would have to pay $200 in annual fees and another $1 per acre planted under proposed regulations released today, according to the Denver Post. The fees are miniscule compared to the registration and licensing costs medical an adult-use...
Every major marijuana measure on state and local ballots passed by a landslide Tuesday, providing the industry with near-term gains and bolstering efforts to legalize medical and recreational cannabis in the coming years. In Colorado, voters overwhelmingly approved a...
A new report issued today predicts the U.S. legal retail marijuana market will grow 64% next year to hit $2.34 billion and surge to $10 billion by 2018. The State of Legal Marijuana Markets report, released by ArcView Market Research, also predicts that 14 more states...
Cannabis consulting has exploded in the past few years, giving entrepreneurs in need of business and operational help more options than ever. But finding a quality consultant can be a challenge in its own right. As the marijuana industry has grown, it has attracted...
