A Michigan Senate agency forecasts that the state’s medical marijuana market could exceed $711 million annually if the prices and consumer habits are similar to those in Colorado’s medical marijuana market. The Michigan Senate Fiscal Agency, a...
Omar Sacirbey
Omar Sacirbey's Latest Posts
CA dispensary wants tax payment labeled a ‘contribution’
The owner of a California medical marijuana grow and dispensary is proposing to pay $1.3 million in back taxes to the city of San Jose, but with a caveat - the money must be classified as a "contribution or collection of membership fees," not as taxes. [include_post...
Scotts Miracle-Gro stock surging ahead of MJ legalization votes
Scotts Miracle-Gro remains a Wall Street darling, thanks to its recent investments in businesses and products that serve cannabis cultivators. Scotts has watched its stock rocket about 30% this year ahead of an important election year for the marijuana industry,...
UK to legalize CBD-based products as medicine
The United Kingdom’s top medical products regulatory authority has ruled that CBD and products containing the cannabis compound will now be treated as medicine. The announcement, however, doesn’t mean consumers will suddenly be able to buy CBD-infused products....
Former High Times exec sues for $6M in damages
Bad times for High Times? David Kohl, a veteran media executive whose resume includes stints at Viacom, Vivendi and Xbox, is suing Trans-High Corp., the parent company of High Times magazine, for wrongful termination, according to the New York Post. [include_post...
Cultivator Aurora Cannabis raises CA$25 million
Alberta, Canada-based medical marijuana cultivator Aurora Cannabis announced Tuesday that it plans to raise 25 million Canadian dollars ($19 million) in a private placement of convertible debentures. The debt instruments mature in two years and can be converted into...
Delays, diversity and potential: Q&A with Maryland marijuana consultant Ivan Lanier
By Omar Sacirbey Maryland business consultant Ivan Lanier is selective about his clients, which bodes well for two entrepreneurs he agreed to help enter the state’s medical cannabis industry. “I won’t jump into anything if I don’t think I’m going to win,” said Lanier,...
Legalization foes appointed to Ohio medical marijuana board
Two opponents of medical marijuana legalization have been appointed to a new Ohio medical marijuana advisory committee, raising concerns among MMJ advocates that the panel may be biased. Both new members are top officials with the Drug Free Action Alliance, executive...
San Diego cracking down on illegal marijuana dispensaries
The city of San Diego has launched a campaign to crack down on illegal medical marijuana dispensaries and is asking residents to purchase MMJ only from licensed shops, a sign that authorities are trying to rein in the local black market. The...
Denver marijuana packaging firm files for bankruptcy
High Supply, a Denver producer of child-resistant containers for marijuana products, has filed for bankruptcy protection, claiming the company’s “severe financial stress” was caused by “theft and corporate espionage by former employees.” High Supply CEO Paul Lufkin is...
Certified seeds and CBD help US hemp industry take root
By Omar Sacirbey America’s fledgling hemp industry recently got its latest boost when the Colorado Department of Agriculture submitted for potential state certification six varieties of hemp seeds that, if certified, U.S. farmers could buy to start their own crops....
Canadian college to offer marijuana cultivation classes
A college in the Canadian province of New Brunswick plans to launch a program on cannabis cultivation to prepare students to work at local marijuana companies. The French-language College Communautaire du Nouveau-Brunswick is the latest North American higher education...
