MMJ Business Daily

A Look Ahead: Marijuana Retail, Cultivation & Industry Trends to Watch in 2016

By John Schroyer

This is the second piece in a three-part series looking at key marijuana business developments in 2015 and examining what lies ahead for 2016.

The next 12 months are largely expected to be historic ones for the cannabis industry, both in the United States and abroad.

New markets will come online, an unprecedented number of states and countries could legalize either medical or recreational marijuana, and the number of business opportunities will be bigger and better than ever.

“Over the past six to eight years, we made a lot of progress in this industry, especially last year

A Look Ahead: Marijuana Retail, Cultivation & Industry Trends to Watch in 2016 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Marijuana Business Professional & Investor Survey Underway

Marijuana Business Daily has launched its annual survey of executives and major investors in the cannabis space, which will help the company provide key market, financial and operational data for businesses and entrepreneurs.

Executives from all industry sectors – including dispensary/retail stores, commercial cultivation, infused products manufacturing, testing labs and ancillary firms – as well as investors funding companies in the industry are invited to take the anonymous survey here.

Information gleaned from the survey will help cannabis companies build business plans, develop budgets, set key performance metrics, analyze competitive benchmarks and prepare for fundraising.

Survey data will be used in

Marijuana Business Professional & Investor Survey Underway is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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County Helps Marijuana Growers Reduce Electricity Costs

Marijuana growers who are worried about high utility bills and bad press generated by the industry’s enormous energy demands may want to check out Boulder County, Colorado, which has found some interesting ways to help cultivation sites reduce their electricity costs.

The county created a so-called “energy-impact offset fund” that marijuana growers can pay into if they can’t meet its renewable energy requirements, according to Al Jazeera.

Some of the money is spent on energy reduction education, while program participants also receive a monitoring device that allows them and county officials to measure real-time energy use.

The fund

County Helps Marijuana Growers Reduce Electricity Costs is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Legal Settlement Hands Marijuana Industry a Setback

An anti-drug group has prevailed in its legal fight against a Colorado cannabis store and several financial services companies, which could present new challenges for the marijuana industry down the road.

The settlement is tied to a lawsuit Safe Streets Alliance filed on behalf of a Holiday Inn in the town of Frisco, Colorado. The suit claimed that the hotel would suffer financially if a cannabis store – Medical Marijuana of the Rockies – opened across the street.

The lawsuit was dismissed last month after two defendants – Merchants Bonding Company and Accounting Specialists – settled for $50,000 and $20,000, respectively, according

Legal Settlement Hands Marijuana Industry a Setback is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Chart of the Week: Recreational Cannabis Surplus in WA Squeezing Growers

By Becky Olson

A big shakeout is materializing in Washington State’s recreational cannabis industry as businesses struggle to determine the ideal balance between supply and demand.

From July 2014 through November 2015, licensed growers produced about 16,000 more pounds of marijuana than the amount retail stores sold, according to state data.

That surplus equates to roughly two months of supply for the market, based on average cannabis sales through recreational shops recently.

Since the rec industry launched in mid-2014, Washington’s newly licensed cultivators have produced more marijuana than rec shops sold every single month. The cumulative production surplus stood at

Chart of the Week: Recreational Cannabis Surplus in WA Squeezing Growers is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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New York Cannabis Company Gets Kosher Certification

Vireo Health of New York, one of five medical marijuana companies licensed in the Empire State, announced Wednesday that all of the company’s products produced there have been certified as kosher by the Orthodox Union.

Vireo officials hope the kosher certification will help attract Jewish medical cannabis patients and reduce the stigma associated with marijuana use.

New York’s medical cannabis laws allow only non-smokable marijuana products.

The certification process included visits by Orthodox Union rabbis to Vireo’s New York cannabis cultivation and lab sites. Union officials also met with company executives to verify kosher standards were being met.

The Orthodox

New York Cannabis Company Gets Kosher Certification is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Year in Review: New Marijuana Markets, Booming Rec Sales and Banking Retreat

By John Schroyer

This is the first entry in a three-part series looking at key marijuana business developments in 2015 and examining what lies ahead for 2016.

The past 12 months have been a whirlwind for the cannabis industry, with new business opportunities popping up regularly in the United States and abroad. A half-dozen new markets came online, scores of cannabis businesses expanded across state lines, the nation’s largest MMJ market finally passed regulations and the future of the industry brightened considerably.

Yet for all the progress, the marijuana sector experienced several setbacks as well.

As 2015 comes to a close, here’s a look

Year in Review: New Marijuana Markets, Booming Rec Sales and Banking Retreat is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Third Michigan Marijuana Measure Clears Initial Hurdle

Michigan election officials have approved the language of a third ballot measure to legalize recreational marijuana in the state.

Abrogate Prohibition Michigan must now gather 315,000 legitimate petition signatures to get its ballot initiative in front of voters next November.

While the competing measures suggest strong interest in recreational marijuana legalization – with polls showing solid support – there are also concerns that having more than one measure on the ballot could undermine the effort by splitting the pro-legalization vote.

The proposal from Abrogate Prohibition Michigan is the least restrictive of the three measures. It wouldn’t assess taxes on cannabis cultivation, consumption

Third Michigan Marijuana Measure Clears Initial Hurdle is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Maine Dispensaries Could Get Boost From NH Patients

Dispensaries in Maine could start seeing an influx of patients from New Hampshire, at least temporarily.

New Hampshire decided to start issuing medical marijuana cards to registered patients this week even though the first dispensaries won’t open until spring of 2016 at the earliest.

Until those dispensaries open, registered patients can visit nearby Maine – which allows medical cannabis sales to visitors who have valid MMJ cards from other states – to purchase marijuana.

Maine medical marijuana officials said a small number of non-resident patients have bought medical marijuana in the state.

The move to issue cards in

Maine Dispensaries Could Get Boost From NH Patients is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Hawaii Dispensaries Could Get Tax Break

Medical marijuana dispensaries in Hawaii may not have to pay excise taxes under a state law meant to encourage businesses to set up in economically distressed areas, the Associated Press reported.

But a state representative may try and block the tax break.

Under Hawaiian law, businesses that locate in so-called enterprise zones are excused from paying excise taxes for seven years, according to the AP. They also receive sizable breaks on state income taxes.

Enterprise zones are areas with high unemployment or low average incomes.

A state tourism official told the AP that dispensaries would be eligible for enterprise zone

Hawaii Dispensaries Could Get Tax Break is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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