Looking to get involved in the marijuana industry but don’t want to take on the sizable risks of actually handling the drug? Good news: Some of the biggest opportunities in the medical and recreational cannabis markets involve the ancillary side of the industry – for both investors and entrepreneurs as well as professionals who currently […]
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Weekly Wrapup: The Challenges of a Mature MMJ Market + Positive Signs From Feds
By Chris Walsh The business opportunities that arise when a state legalizes medical marijuana and allows dispensaries to serve patients have been well documented. Here’s what typically happens: There’s a mad scramble – or “green rush” – by entrepreneurs to start centers, cultivation operations, edibles companies and ancillary businesses. A whole new industry springs up […]
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Medical Marijuana Inc. Swings to $3.4 Million Profit in Q4 on Expansion, National Exposure
California-based Medical Marijuana Inc. closed out 2012 on a high note, reporting a record $3.4 million profit in the fourth quarter as it continued to gain traction in the edibles and hemp markets. The company – which trades on the over-the-counter market under the symbol MJNA – posted a $62,711 loss for the same period […]
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31 Medical Marijuana Business Applications in Colorado Since End of Moratorium
For two years, Colorado barred entrepreneurs from starting cannabis dispensaries, cultivation sites and infused product companies under a state-wide moratorium on new medical marijuana businesses. Officials enacted the ban in 2010 to give the state some breathing room as it crafted regulations covering the burgeoning industry. But the moratorium apparently didn’t create a huge amount […]
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Cannabis Jobs: Washington State Seeks Marijuana Consultants for Market Research, Regulations
Looking to get involved in Washington’s emerging recreational marijuana industry? One of the first opportunities has just emerged: The state is seeking cannabis consultants who can paint a picture of the potential market for legalized marijuana and provide guidance on everything from testing and packaging to inventory tracking and overall regulations. The Washington State Liquor […]
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Proposed Connecticut Medical Marijuana Rules: Up to $100,000 in Initial Fees, Extensive Regs
Opening a medical marijuana dispensary or cultivation operation in Connecticut will require lots of time, money, resources … and patience. The state has released proposed rules governing the emerging medical cannabis industry, and they are some of the toughest and most extensive in the nation – by a wide margin. We’re talking an in-depth application […]
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SearchCore Strikes Deal to Sell Dispensary Listing Site WeedMaps, Plans to Exit Cannabis Industry
SearchCore – one of the few publicly traded companies involved in the medical marijuana industry – has signed an agreement to sell MMJ heavyweight WeedMaps Media Inc. to an undisclosed buyer. The price tag: $3.75 million and the assumption of more than $8 million in obligations. It’s unclear if the sale will lead to any […]
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Business Bigwigs, Yale Grads & Wall Street Pros Eye Marijuana Industry in Wake of Legalization
Professionals from the world of big business are looking to tap the emerging marijuana market in Colorado and Washington, eyeing everything from private equity funds and financial services firms to upscale cannabis stores. The increased interest is expected: Legalization in Colorado and Washington could create an estimated $2 billion market (conservatively) if retail marijuana stores […]
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Medical Cannabis Consultants, Dispensary Support Companies Sprouting Up in Massachusetts
The green rush is on in Massachusetts. At least a dozen companies have already sprouted up to assist patients, help communities develop regulations and guide local entrepreneurs interested in starting dispensaries and grow operations. At the same time, existing businesses such as law firms and consultancies have expanded or refocused to tap the state’s nascent […]
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Connecticut Medical Cannabis Leaders Consider Forming Biz Group for MMJ Entrepreneurs
A handful of prominent figures in Connecticut’s MMJ scene are batting around the idea of starting a trade organization to help entrepreneurs navigate the complexities of launching and running a medical cannabis business. The proposed Connecticut Medical Cannabis Business Alliance could focus on everything from best practices and industry advocacy to hosting educational events and […]
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Weekly Wrapup: More States to Weigh Legalization + How to Succeed in the Cannabis Business
First Colorado and Washington, then a few states on the East Coast? That could very well be the case when it comes to marijuana legalization. Last week, lawmakers in Rhode Island and Maine announced plans to introduce bills that would legalize cannabis for adult use. Officials in Massachusetts and Vermont reportedly plan to do the […]
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MedBox Shares Skyrocket on Surge in Demand After Positive MarketWatch Article, Cannabis Legalization
MedBox Inc. – which makes automated cannabis dispensing machines for MMJ centers – saw its stock price rocket by nearly 6,000% in the past week. Yes, you read that right: Nearly 6,000%, or more than $200. The California-based company’s shares (which trade under the symbol MDBX) closed yesterday at $205, up from around $3 just […]
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October Issue
Extraction Smackdown. Weighing the pros and cons of CO2 hydrocarbon and ethanol extraction methods.Read the Issue