Budtrader.com, an ancillary medical cannabis industry website that acts as an advertising platform for marijuana businesses, has won a federal trademark from the U.S. Patent and Trademark Office. The victory could be a significant landmark for...
John Schroyer
John Schroyer's Latest Posts
Failed deal, red ink, dwindling sales put MassRoots on the ropes
At one point, MassRoots was flying high, raising millions of dollars from investors and attempting to become the first cannabis company listed on the Nasdaq. Over the course of 2017, however, the marijuana-centric social media network has nosedived and now finds...
Election results: Recreational cannabis legalization strong possibility in New Jersey + wins in Detroit
New Jersey is poised to legalize recreational marijuana after a pro-cannabis candidate won the state’s gubernatorial race Tuesday night, giving the MJ industry a potentially huge win in what could be a lucrative new market for businesses.
$2 million will buy a medical marijuana ‘farm’ in Michigan
With medical cannabis already legal in Michigan and recreational marijuana possibly on the horizon next year, one businessman in the state who's been leasing space to MMJ caregivers is trying to sell his operation for $2 million. The 82-acre "farm" is already parsed...
Cannabis industry has vested interest in today’s elections in Michigan, New Jersey and New York
Welcome to Election Day 2017. Though it won't compare to the historic gains the cannabis industry made at the polls last November, there are three states whose election results could either directly or indirectly have serious ramifications for marijuana businesses:...
Maine lawmakers vote to sustain gov’s recreational cannabis veto
The Maine House of Representatives on Monday opted not to overturn the governor's veto of a bill that would have implemented a recreational marijuana ballot measure approved by voters last year. Gov. Paul LePage wrote in a veto letter last week that he torpedoed the...
CA senator: San Francisco proposal a ‘ban’ on new cannabis firms
A San Francisco land-use committee has given an initial green light to a restrictive zoning proposal that one state senator from the city is claiming would "ban all new cannabis retail businesses in almost all of San Francisco." Sen. Scott Wiener - a former member of...
White House rejects medical marijuana as opioid alternative
In a move that brought scathing condemnation from a Florida Republican congressman, the White House's commission on the opioid epidemic has rejected calls to support medical marijuana as an alternative for pain patients. The commission "specifically declined to...
First Texas CBD crop set to be planted
One of just three licensed growers of a high-CBD medical marijuana strain in Texas announced it plans to begin cultivation operations this week. Compassionate Cultivation, which was awarded one of the licenses in May, said in a news release it has received its license...
Wana Brands plans to stretch its footprint to nine cannabis markets
Colorado-based edibles maker Wana Brands announced a planned expansion into six new marijuana states by the end of 2018, another example of how the cannabis industry is increasingly becoming a national business. Wana, which already has...
Cleveland nixes 95% of real estate for medical cannabis businesses
Only about 5% of land in Cleveland would be eligible for medical cannabis businesses to set up shop under a new and highly restrictive ordinance approved by the city council this week. The ordinance - approved on a 15-1 vote by the council - leaves precious little...
High marijuana taxes could give California’s black market new life
A report from a credit rating agency suggests that California's high tax rates on marijuana - which could reach 45% depending on local taxes - may result in an ongoing or even thriving black market for cannabis. According to Fitch Ratings, the agency that compiled the...
