Recreational Marijuana News

Colorado Recreational Cannabis Industry Boosting Other Businesses

Marijuana-related companies aren’t the only businesses benefiting from the legalization of recreational cannabis in Colorado. Some companies that have no direct ties to the industry are seeing growth as a result of legalization as well – which could help boost support for marijuana laws from the general business community. Case in point: Peyton Manning – […]

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Panel Differs on Impact of Rec Industry on Colorado’s Economy

Is the legalization of recreational marijuana in Colorado making the state less attractive to businesses from outside its borders? There’s no clear answer to that question, according to several business experts who participated in a panel discussion Friday at the 2014 Metro Denver Site Selection Conference in Denver. Some panelists contended that the recreational cannabis […]

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Warren Buffett’s Subsidiary Company Testing Cannabusiness Waters

A subsidiary company of Warren Buffet’s Berkshire Hathaway conglomerate is reportedly exploring the waters of the cannabis industry. The company, Cubic Designs Inc., has sent around 1,000 letters to marijuana dispensaries over the past few weeks, offering to help them “double your growing space.” Cubic Designs specializes in producing work platforms for commercial warehouses, thereby […]

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New Poll Good News for DC Marijuana Legalization

A ballot measure to legalize possession of marijuana in Washington DC got a boost on Thursday when a new poll released by The Washington Post/NBC4/Marist found that 65% of registered voters support the initiative, with 33% opposed and just 2% unsure. Initiative 71 would permit possession of up to two ounces of marijuana and allow DC […]

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WA Rec Shop Lottery Winners At Risk of Losing Licenses

Washington State is warning dozens of applicants for recreational marijuana business licenses that their chance at a permit may be canceled unless they make an appointment within 60 days with a licensing inspector, as well as provide information for criminal and financial background checks. The state’s Liquor Control Board began sending out the notices on Wednesday […]

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Lawsuit Over ‘Pot Pavilion’ Highlights New Cannabis Business Risks

A Colorado marijuana edibles company is under increasing heat as a lawsuit filed against its Denver County Fair booth grows. The class action suit, which was filed Aug. 25, now has seven plaintiffs from as far away as Oklahoma and Wisconsin who all contend they were made ill by infused chocolates given to them for […]

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Lobbying Group Turns Tables on Overconsumption Story

The Marijuana Policy Project (MPP) is using a now-infamous first person account of excessive cannabis consumption to highlight the group’s new education initiative encouraging responsible consumption. MPP on Wednesday announced the launch of the website www.consumeresponsibly.org, which helps novice consumers navigate their their first cannabis experiences. As part of the campaign, MPP has taken a […]

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Black Market Marijuana Dealer Targets Rec Store’s Customers

Although recreational marijuana proponents often argue that legalizing and taxing cannabis will help undercut illegal sales, there’s still a long way to go before the black market is completely eliminated. That point was driven home last weekend outside the Seattle recreational marijuana shop Cannabis City, when police were called about a man who was allegedly […]

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Colorado Banking Co-Op Program Stalls

An attempt to ease the lack of banking services for Colorado’s cannabis industry may prove fruitless because businesses are not stepping up to form the type of financial cooperatives the state General Assembly approved last spring. According to The Denver Post, insiders say it’s a “game of chicken” between the Federal Reserve and the marijuana industry, […]

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Oregon Cities Levy Taxes in Hopes of Rec Law Passage

For many voters, a key selling point of recreational cannabis legalization is the possible tax windfall from the sale of cannabis and related products. At least two cities in Oregon are taking action now, weeks before the results of the state vote on marijuana legalization, in the hopes of securing such a windfall for their […]

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Cannabis Industry to Impact Energy Needs of Northwest Region

A 20-year power plan covering the northeast United States is taking into account the sizable energy needs of marijuana production. The Northwest Power and Conservation Council said it expects cultivators will require as much as 163 megawatts of power per year by 2035 – the equivalent of what a town with a population of 30,000 […]

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