Marijuana Edibles & Infused Products

Lloyd’s of London to Exit U.S. Cannabis Insurance Industry

By Tony C. Dreibus Lloyd’s of London, the UK-based insurance marketplace, has instructed underwriters not to open or renew existing accounts with marijuana companies in the United States until it’s legal at the federal level, leaving potentially thousands of cannabis business owners seeking new insurers for their crops, buildings and inventory.

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New York MMJ Firm Hires Former Homeland Security, DEA Officials

A company that has applied for a permit to grow, process and dispense medical marijuana in New York has hired the state’s former chief of homeland security and an ex-Drug Enforcement Administration official to prove it’s serious about security before officials begin selecting license winners in July. Empire State Compassionate Care has hired Michael Balboni, […]

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Hemp, CBD Firm Lands $6.5M in Financing From Institutional Investor

CannaVest Corp. said it has closed a $6.5 million round of financing with an unnamed institutional investor, representing one of the larger investment deals in the marijuana industry in recent months. The Las Vegas-based producer and distributor of hemp, cannabis derivative and cannabidiol products will receive the money in six installments: four of $500,000 each, […]

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Chart of the Week: Marijuana Business Entrepreneurs Predict Their 2017 Valuations

By Becky Olson More than half of existing marijuana businesses are seeking additional financial backing or plan to do so later this year, while most cannabis firms preparing for launch need capital as well, according to data in the newly released 2015 Marijuana Business Factbook. So how much do executives with these companies think their […]

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Edibles Producer May Beef Up Offerings With Infused Meats

Infused products companies are known for their cookies and candies, but producers are getting creative by adding cannabis to everything from spaghetti sauce to, now, meat. Colorado’s The Sausage Queen plans to sell marijuana-infused jerky, sausage, smoked salmon and chocolate-covered bacon in recreational shops and medical marijuana dispensaries, the Aspen Times reported. While the company […]

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Tapping the Cannatourism Market: Q&A With Owner of Marijuana-Friendly Bed & Breakfast

By Tony C. Dreibus The recreational marijuana industries in Colorado and Washington State are clicking on all cylinders, and tourists have a lot to do with that success. But the nation’s first adult-use markets don’t allow consumption in public, and most hotels won’t let guests smoke on their properties – leaving tourists in the lurch. […]

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Puerto Rico Legalizes Medical Marijuana

Puerto Rico’s governor unexpectedly on Sunday signed an executive order allowing medical marijuana use – but where it will be grown, how it will be distributed and which ailments can legally be treated are still up in the air. The executive order gives the secretary of health the authority to “intervene extensively” with the island’s […]

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Chart of the Week: Denver’s 4/20 Tourism Bonanza

By Becky Olson It’s April 20, and the nation’s first two recreational cannabis markets appear to be benefiting from a solid tourism bump tied to today’s annual marijuana celebration. The increase is most pronounced in Colorado, where searches for Denver-area hotels this past weekend surged 60% from the 4/20 weekend last year, according to Hotels.com. […]

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On Eve of First 4/20, Washington Marijuana Stores Looking to Lure Big Crowds

By Tony C. Dreibus Cannabis shops in Washington State are rolling out the red carpet for consumers looking to take part in the first 4/20 celebrations since recreational marijuana became legal in the state last summer. Store owners anticipate a very profitable weekend ahead of April 20 – the actual “holiday” falls on a Monday […]

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Oregon May Push Back Edibles Sales to 2017

Companies that make edibles may not be able to sell into Oregon’s legal recreational cannabis market until 2017 due to difficulties crafting laws governing these types of products, which could put a big damper on overall initial rec marijuana sales in the state. The Oregon Liquor Control Commission (OLCC) has asked the state Legislature to […]

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Washington Senate Votes To Eliminate Marijuana Excise Taxes

There may be a glimmer of hope for what is widely considered an untenable tax structure in Washington State. The Washington State Senate passed a bill removing the excise tax on recreational marijuana sales by producers and processors, and will tax only retail sales. As it stands, a 25% excise tax at three transfer points: […]

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