Marijuana Cultivation

News of Surna Exec’s Departure Triggers Stock Slide

Shares of Surna Inc. have dipped since the company announced that its high-profile CEO Tom Bollich will step down, continuing a longer stock slide that began a year ago. The cannabis cultivation technology firm said last week that Bollich will depart April 14 as the company moves from a startup to a more mature operation. […]

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Sheriffs File Lawsuit Over Colorado Legalization

Sheriffs from three states have filed a lawsuit against Colorado over recreational marijuana, presenting another legal challenge for the controversial legislation. Twelve sheriffs and prosecutors filed the suit, saying state legalization is trumped by federal law and therefore violates the supremacy clause of the U.S. Constitution. The plaintiffs said they’ve suffered “direct and significant harm” […]

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Insurance Firms Urged to Craft MJ Policies

Mainstream insurance companies should start crafting policies to cover legal marijuana businesses as the industry grows, a report in an insurance trade publication recommends. Rec legalization will have a “profound impact” on various types of insurance including personal, commercial, workers’ comp, product liability and healthcare plans, according to PropertyCasualty360.com. Insurance companies can deny claims because […]

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PharmaCann Poised to Hold Most IL Licenses

After a medical marijuana company abandoned its cultivation license on Monday in an area west of Chicago, the permit is being offered to the runner-up in the district’s scoring process: PharmaCann. PharmaCann already has one cultivation permit and four dispensary licenses, and it’s now poised to become the biggest MMJ company in the state, with […]

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Cannabis Producers Have New Worry: Stoned Rabbits

Cannabis businesses face opposition from anti-marijuana advocates worried about the drug falling into the hands of children. Now they also must battle fears about the impact of marijuana on animals. A DEA agent warned a legislative panel in Utah debating whether to allow CBD-based edibles that cannabis legalization could lead to fields of stoned rabbits. […]

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Nevada Senator: Secrecy in MMJ Licensing Process a ‘Disaster’

Nearly 40% of the 519 businesses that applied for medical cannabis business licenses in Nevada have chosen to remain anonymous, taking advantage of a stipulation in the state’s MMJ law that allows applicants to withhold their information from public view. A state senator believes that’s a big problem, saying the anonymity option gave rise to […]

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Alaska could provide big opportunities for expansion-minded MJ companies in other states

By John Schroyer Established cannabis companies looking to expand into new markets could find a major opening in Alaska if a recent legislative proposal becomes law. The measure – introduced in the state Legislature last week – would ban applicants seeking recreational cannabis licenses from accepting investments by third parties. That stipulation could give established […]

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Oregon Agency Weighs in on MMJ, Rec Rules

Oregon could keep medical marijuana completely separate from recreational cannabis when retail sales begin next year. The Oregon Liquor Control Commission (OLCC), which is tasked with writing recommendations for policymakers, told the state Legislature that it believes medical and recreational cannabis should not be sold under one roof unless both are tracked the same way […]

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Missouri Awards Hemp Cultivation Licenses

Missouri has joined the growing number of states legalizing CBD-based medicines. The state awarded cultivation and production licenses for hemp to two companies, Noah’s Arc Foundation and BeLEAF Corporation. Mitch Meyers, the head of BeLEAF, also has plans to open a medical marijuana dispensary near Chicago, according to a Missouri TV station. The licenses are […]

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150K Pounds of Legal Marijuana Sold in CO Last Year

Dispensaries and retail cannabis stores in Colorado sold nearly 150,000 pounds of marijuana flower last year as overall demand for MJ soared in the nation’s first recreational market, according to a new report by the state’s Department of Revenue. The report shows that Colorado’s marijuana sector grew rapidly across the board in 2014, from the […]

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Medical Cannabis Demand Outweighing Supply in DC

Recreational marijuana has dominated headlines out of Washington DC this week, as the use, possession and home cultivation of cannabis became legal in the city on Thursday. But lost in the all the hype is a serious issue for DC’s existing medical marijuana industry: Dispensaries can’t seem to find enough MMJ to meet demand. The […]

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