Investors who own cannabis-related stocks have been on quite a ride in 2013. As we reported last week, most publicly traded companies with ties to the marijuana industry saw their shares rocket to new highs in February only to come crashing back down to earth in...
By Chris Walsh Raising money is an extraordinarily difficult task in the medical cannabis industry, a fact most entrepreneurs learn rather quickly when trying to get a marijuana-related business off the ground. Landing loans and investments is so tough that more than...
What’s the quickest way to damage the medical marijuana industry's already-fragile credibility? Send two dozen text messages to a 10-year-old boy advertising “pure dank” and $2 off all edibles at your dispensary. That's exactly what happened in Colorado recently,...
And another two bite the dust. A proposal to legalize medical cannabis in West Virginia stalled in the House this week, while a similar measure in Florida appears dead in the water as well. Both bills faced an uphill battle, so the developments aren't exactly...
Most publicly traded cannabis companies got off to an impressive start in 2013, posting steady gains in January and then soaring to 52-week highs in February when hype over the industry's future reached a fever pitch. But the euphoria has faded, and the majority of...
By Diane Savino New York is well on its way to becoming the nineteenth state to pass and adopt medical marijuana legislation. Last week, my co-sponsor Dick Gottfried and I introduced our state’s new and improved medical marijuana bill, known as the Compassionate Care...
Over the past few months, Colorado has made significant progress drafting potential rules and regulations covering the budding recreational cannabis industry, an impressive feat considering the task at hand. But officials have hit a bump on the road to regulation that...
Entrepreneurs who want to open a dispensary in Massachusetts would need to have significant financial resources - including $500,000 in an escrow account - and submit detailed plans covering everything from location, security and testing to storage and cultivation...
March has been a particularly good month for the marijuana movement, with cannabis legislation making sizable gains across the country. It now appears that several states have a realistic shot at joining the medical marijuana club this year, while a handful could...
Lawmakers across the country often hold up Colorado's medical marijuana program as a model for the rest of the nation, lauding the state's comprehensive set of rules and regulations on cannabis businesses. But everyone who gets involved in the local medical marijuana...
For many businesses, it takes years to grow revenues beyond six figures and climb into the black. But some of the first dispensaries to open in Arizona have already managed to hit those benchmarks, generating millions of dollars in sales and hitting breakeven after...
By Chris Walsh Medical cannabis is often portrayed as one of the fastest-growing businesses in the United States, an industry experiencing exponential growth as it churns out overnight millionaires at a rapid clip. This romanticized view of the industry isn't exactly...
