Briefs

3rd Annual Marijuana Business & Investor Survey Underway

Marijuana Business Media has launched its annual survey of cannabis professionals to gather key financial, operational, business and market data about the booming MJ industry in the United States. Cannabis business owners, executives, investors and entrepreneurs can take the online survey here. The survey – which is completely anonymous – covers everything from startup costs […]

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WA Lawmakers Weigh Rec Tax Change

Washington State recreational marijuana shops have been struggling underneath a heavy tax burden, but state lawmakers could soon deliver some relief – in stages, at least. A proposed bill being considered by policymakers would reduce the current excise tax structure – 25 percent each time cannabis changes hands, from producer to processor to retailer – […]

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Union: New Jersey Dispensary Engaging in Unfair Labor Practices

A New Jersey union has filed a grievance alleging unfair labor practices against a dispensary in the state, saying the business won’t allow its workers to unionize. The United Food and Commercial Workers Union (UFCW) Local 152 claims that Compassionate Care Foundation, which owns a dispensary in Egg Harbor Township that employs 11 workers who […]

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Medical Marijuana Inc. Acquiring Startup Valued at Up to $243M

Medical Marijuana Inc. announced Thursday that it has signed an agreement to acquire Kannaway, a startup hemp products company that was recently valued at up to $243 million by a noted investment banking firm. Financial terms of the deal were not disclosed. But Medical Marijuana Inc. said that Houlihan Capital pegged Kannaway’s fair market value […]

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MMJ On the Way in Jamaica?

First, the estate of legendary Jamaican musician Bob Marley moved into the cannabis industry. Now, it looks like Jamaica itself could eventually set up a legal medical marijuana market. The Jamaican Cabinet has backed a bill that would not only legalize medical marijuana, but also decriminalize small amounts of recreational marijuana and allow Rastafarians to […]

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MBank Begins Serving Colorado Marijuana Companies

MBank, an Oregon-based financial institution, has started taking deposits from marijuana companies in Colorado. The bank, which already works with cannabis businesses in Washington and dispensaries in Oregon, said it has looked to state and federal regulators on the issue and is confident in its business model, according to the Denver Post. MBank CEO Jef […]

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San Diego Approves Fees for MMJ Dispensaries

As part of its ongoing quest to license and regulate medical marijuana businesses, the San Diego City Council on Tuesday backed new rules that levy a minimum annual fee of $1,100 on legal dispensaries. The fee will vary depending on how much it costs the city to inspect dispensaries, conduct background checks and conform with […]

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Arizona MMJ Sales Triple to Hit $112M

Medical marijuana is booming in Arizona. Dispensaries in the state recorded $112 million in medical cannabis sales last year, nearly triple the total in 2013, according to the Arizona Department of Health’s year-end report. The stata’s 63,417 active cardholders purchased just over 9.1 metric tons of MMJ in 1.4 million individual transactions, and just five […]

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Commercial Interests Dominate Florida’s MMJ Committee

The Florida committee tasked with creating regulations governing the state’s CBD industry is heavy with commercial interests, but proponents are touting the members’ experience. The 12-member panel – which will help design rules on how to select, license and regulate the state’s cultivators and dispensaries – includes several people who are in a position to […]

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Alaska, Oregon Rec Legalization Leading to Real Estate Boom

As Alaska and Oregon get closer to establishing their respective recreational marijuana industries, business-minded enthusiasts are hoping to secure storefronts and cultivation sites in the two states. Alaska real estate brokers are already getting calls from people interested in setting up various types of businesses – even though lawmakers are still months from establishing rules […]

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Colorado’s MMJ Program Up for Renewal

Marijuana will likely be a hot topic among lawmakers in Colorado this year, as the state’s medical cannabis program is up for renewal. The current law expires this year, which gives the state an opportunity to make some changes. Legislators will likely consider making lab testing mandatory for medical cannabis products, according to the Associated […]

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Rhode Island’s First MMJ Vape Lounge Opens

Two entrepreneurs have opened Rhode Island’s first vape lounge, a bold venture in a state with no defined law on such businesses. Kevin Cintorino and Ray Diao opened Elevated, the state’s first lounge that allows MMJ patients to use vaporizers, because they often have a hard time finding places to use their medication, according to […]

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