MMJ Business Daily

Several ‘Shark Tank’ investors would consider MJ deals

Three of five “Shark Tank” investors – all huge success stories in the business world – say they would consider pumping money into the marijuana industry.

A reporter from Entrepreneur Magazine spoke with the stars of the business-focused reality TV show and asked them if they would put their money into a cannabis company.

Dallas billionaire Mark Cuban was the only one firmly against the idea.

“Would I invest in the cannabis industry? No,” said Cuban, who owns the National Basketball Association’s Dallas Mavericks. “Not because I have anything against pot. I don’t care. But right now

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Several ‘Shark Tank’ investors would consider MJ deals is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Report: MJ grows’ energy use can be ‘burden’ to power providers

A new report from an energy research nonprofit has concluded that indoor cannabis cultivators use so much electricity that it could prove to be a “burden” to utility companies, as well as the regulators that oversee them.

The report, by Denver-based EQ Research, recommended that public utility companies and government officials act to balance the needs of both cannabis growers and the rest of their customers, given that the industry is already using billions of dollars a year in electricity.

The nonprofit noted that indoor growers’ energy use “is on par with data centers, which are

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Report: MJ grows’ energy use can be ‘burden’ to power providers is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Report: MJ grows’ energy use can be ‘burden’ to power providers

A new report from an energy research nonprofit has concluded that indoor cannabis cultivators use so much electricity that it could prove to be a “burden” to utility companies, as well as the regulators that oversee them.

The report, by Denver-based EQ Research, recommended that public utility companies and government officials act to balance the needs of both cannabis growers and the rest of their customers, given that the industry is already using billions of dollars a year in electricity.

The nonprofit noted that indoor growers’ energy use “is on par with data centers, which are

…

Report: MJ grows’ energy use can be ‘burden’ to power providers is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

CA medical cannabis extract makers shielded under new law

Medical marijuana extract manufacturers in California will receive legal protections under a new law signed by Gov. Jerry Brown.

Assembly Bill 2679, signed on Sept. 29, spans a gap between existing unregulated medical marijuana extracts and the soon-to-be regulated market, which starts the first day of 2018.

Butane hash blasters, carbon dioxide extraction technicians and other artisans who follow stringent manufacturing and quality assurance standards will fall under the legal protection, the East Bay Express reported. Those who don’t follow the bill to the letter can

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CA medical cannabis extract makers shielded under new law is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

CA medical cannabis extract makers shielded under new law

Medical marijuana extract manufacturers in California will receive legal protections under a new law signed by Gov. Jerry Brown.

Assembly Bill 2679, signed on Sept. 29, spans a gap between existing unregulated medical marijuana extracts and the soon-to-be regulated market, which starts the first day of 2018.

Butane hash blasters, carbon dioxide extraction technicians and other artisans who follow stringent manufacturing and quality assurance standards will fall under the legal protection, the East Bay Express reported. Those who don’t follow the bill to the letter can

…

CA medical cannabis extract makers shielded under new law is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

SEC accuses marijuana-focused company, CEO of fraud

The Securities and Exchange Commission has filed fraud charges against a publicly traded company and its top executive, alleging they falsely claimed to have secured $100 million to finance marijuana businesses.

The SEC complaint – filed Sept. 30 – said Denver-based Infinex Ventures and its CEO Ronald Salem actually did not have money to invest. The securities agency also claims the company reported more than $500,000 in revenue for the second quarter of 2014, when in reality it didn’t have “any operations, revenue or funding.”

Infinex is a holding company that trades on the over-the-counter market.

In its complaint, the SEC says

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SEC accuses marijuana-focused company, CEO of fraud is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Pittsburgh medical school seeks MMJ research partners

The University of Pittsburgh Medical School wants to collaborate with medical marijuana companies on research into the benefits and dangers of using medical cannabis to treat ailments and illnesses.

The university puts itself in a growing camp of respected medical institutions backing more research into medical cannabis – a move that ultimately could lead to more doctors recommending MMJ to patients. That, in turn, could boost medical cannabis sales.

Pennsylvania has “placed a greater emphasis on the need for reliable research than other states that have also enacted medical marijuana laws,” Art Levine, senior vice chancellor for health sciences

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Pittsburgh medical school seeks MMJ research partners is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

The East Coast medical cannabis market: Q&A with Ted Rebholz of Temescal Wellness in NH

By Omar Sacirbey

Ted Rebholz was offered the job of Harborside Health Center’s chief financial officer, but turned it down to stay with a tech firm that was later sold to Cisco Systems.

Crossing paths with Oakland-based Harborside piqued Rebholz’s interest in the cannabis industry. He has since founded a New Hampshire medical cannabis business. 

Rebholz’s company, Temescal Wellness, owns two of New Hampshire’s four state-allotted dispensaries. He is the president.

Rebholz – who once toyed with the idea of working in the public sector for an institution like the World Bank – is expanding his medical cannabis operations

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The East Coast medical cannabis market: Q&A with Ted Rebholz of Temescal Wellness in NH is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

MA dispensaries face strong opposition at local level

Only seven dispensaries have opened in the four years since Massachusetts voters overwhelmingly approved legalizing medical marijuana, reflecting opposition in some communities.

Local opponents cite concerns that dispensaries would bring an increase in crime and that the stores don’t mesh with small-town values, among others.

The opposition has made it harder for MMJ entrepreneurs to do business in the state, and could signal additional hurdles should Massachusetts voters approve legalization of recreational cannabis on Nov. 8.

After a change in the state licensing process for dispensaries in 2015, business owners were forced to appeal to a local city council

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MA dispensaries face strong opposition at local level is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

MA dispensaries face strong opposition at local level

Only seven dispensaries have opened in the four years since Massachusetts voters overwhelmingly approved legalizing medical marijuana, reflecting opposition in some communities.

Local opponents cite concerns that dispensaries would bring an increase in crime and that the stores don’t mesh with small-town values, among others.

The opposition has made it harder for MMJ entrepreneurs to do business in the state, and could signal additional hurdles should Massachusetts voters approve legalization of recreational cannabis on Nov. 8.

After a change in the state licensing process for dispensaries in 2015, business owners were forced to appeal to a local city council

…

MA dispensaries face strong opposition at local level is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs