A new bill introduced Wednesday in California would impose a 15% percent tax on medical marijuana sales to pay for state programs and enforce new regulations, according to SFGate.com.
But the Marijuana Value Tax Act, as the bill is known, may not be th…
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The Anchorage City Assembly finalized its regulations for the upcoming recreational marijuana industry on Tuesday night, tweaking buffer zone rules, prohibiting small-scale commercial grows and taking other steps.
The new rules reduce the required distance between marijuana retailers and schools from 1,000 feet to 500 feet. But the news is not as good as it seems because the distance won’t be measured by the shortest pedestrian route between entrances, but the shortest distance from property line to property line, according to the Alaska Journal of Commerce. That change means that some stores will be in violation of the new
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Anchorage Finalizes Recreational Cannabis Regs is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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The first state in the nation with retail adult use marijuana has set a new bar for cannabis revenue with nearly $1 billion in sales for the 2015 calendar year.
The state hit $996 million in sales last year between recreational and medical cannabis sales, according to calculations by the Denver Post. That’s an increase of nearly $300 million from 2014, the first full calendar year of rec sales in Colorado. That year, cannabis sales totaled just under $700 million.
The growth in sales signals that Colorado’s market may yet have not reached its
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Colorado Cannabis Sales Near $1B in 2015 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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By Omar Sacirbey
Cresco Labs CEO Charles Bachtell has been going to Mindy’s Hot Chocolate, a well-known Chicago restaurant a short walk from his house, for about 10 years.
Little did Bachtell know that one day he would team up with the restaurant’s owner – nationally known chef Mindy Segal (pictured) – on a cannabis-related endeavor.
Segal and Cresco are partnering to produce a line of marijuana-infused sweets. Cresco, which won three cultivation licenses in Illinois, will provide the extracted THC and other ingredients, while Segal will provide her baking skills and create the final product, branded under her
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Cannabis Company’s Deal With Celebrity Chef Part of Growing Trend is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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By Omar Sacirbey
Cresco Labs CEO Charles Bachtell has been going to Mindy’s Hot Chocolate, a well-known Chicago restaurant a short walk from his house, for about 10 years.
Little did Bachtell know that one day he would team up with the restaurant’s owner – nationally known chef Mindy Segal (pictured) – on a cannabis-related endeavor.
Segal and Cresco are partnering to produce a line of marijuana-infused sweets. Cresco, which won three cultivation licenses in Illinois, will provide the extracted THC and other ingredients, while Segal will provide her baking skills and create the final product, branded under her
…
Cannabis Company’s Deal With Celebrity Chef Part of Growing Trend is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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Just a few months after a marijuana legalization ballot measure failed miserably in Ohio, now it seems as though there’s competition for who’s going to lead the next charge.
Now, Marijuana Policy Project and a new bipartisan team of political power players in the state are vying for pole position to lead a statewide campaign, while the former leaders of ResponsibleOhio are trying to get the legislature to legalize MMJ. The newcomers, a group known as ARC Reaction, have put out a 22-page proposal detailing how it says it can help legalization supporters put a ballot
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New Legalization Effort in Ohio? is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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Florida lawmakers have revived a bill to possibly expand the state’s CBD industry to allow terminally ill patients to use full strength medical cannabis, according to the Miami Herald.
Florida’s current medical marijuana law, passed in 2014, permits only five cultivators, and CBD marijuana. The proposed new law, revived this week, would only allow five producers to sell regular MMJ to patients with less than a year to live.
But the bill, HB 307, introduced last November at year at the behest of African-American nursery owners who say they were unfairly excluded from the process, sought to expand the
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FL Lawmakers May Allow MMJ For Terminal Patients is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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By John Schroyer
The recent wave of local bans and moratoriums on cannabis businesses in California could have brutal repercussions for the state’s medical marijuana industry.
So far, 241 cities and counties have either approved some type of cannabis business ban or have one pending, according to the marijuana consultancy Sugarleaf Productions.That includes 20 of the state’s 58 counties and 221 of its 482 municipalities, leading some locals to dub the trend “banapalooza.” Some of the bans include well-known areas such as Napa Valley, Los Angeles County, Santa Barbara and Sonoma.
If the bans are allowed to
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California Marijuana Bans Threaten Thousands of Businesses is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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Lawmakers in Rhode Island plan to introduce bills this week that would legalize recreational marijuana in the nation’s smallest state.
The bills, one slated for the state’s House of Representatives and the other in the Senate, are in response to a proposal last week by Rhode Island Governor Gina Raimondo to track medical marijuana plants and charge patients an annual fee of $150 for each plant they grow, according to the Associated Press. Raimondo also proposed charging caregivers an annual fee of $350 for each plant they grow.
The sponsors of the bills, Rep. Scott Slater of Providence
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RI Lawmakers to Propose MJ Legalization Bill is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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It looks like New York’s five medical cannabis companies will have some more competition by the end of the year. At least, they will on Long Island.
The Shinnecock Indian Nation, which has a reservation on the eastern part of Long Island, has decided to get into the MMJ business, according to the Southampton Press. The tribe plans on growing and selling MMJ by the end of the year.
But the Shinnecocks won’t necessarily have a competitive advantage, since the ordinance the tribal council approved includes a requirement that the operation be governed by state law. That means
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New York Tribe to Grow, Dispense MMJ is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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