MMJ Business Daily

30 Jan 2015
Posted by Mary Jane
Category MMJ Business Daily

San Diego’s 1st Legal Dispensary Prepares for Liftoff

After waiting more than three months for an answer, David Blair finally got the good news this week: his medical marijuana dispensary will be allowed to open – fully licensed and legal – in San Diego. Blair’s dispensary, A Green Alternative, will be the second in the county but the first in the city itself […]

San Diego’s 1st Legal Dispensary Prepares for Liftoff is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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30 Jan 2015
Posted by Mary Jane
Category MMJ Business Daily

Increased Demand for Organic Cannabis in SF

Growers and dispensaries in San Francisco are seeing a spike in demand for organic cannabis from medical marijuana patients worried about pesticides. To meet this demand, one local dispensary – the San Francisco Patient Resources Center (also called Sparc) – began selling a line of cannabis last year that’s grown outside using only organic nutrients […]

Increased Demand for Organic Cannabis in SF is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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30 Jan 2015
Posted by Mary Jane
Category MMJ Business Daily

Super Bowl a Boon for Washington MMJ Business

A cannabis company in Washington State is capitalizing on the Super Bowl in a big way. Solstice Grown, which produces cannabis flowers and infused products, has seen huge demand for its special-edition product named after the Seattle Seahawks’ notoriously loud fan base (dubbed “The 12th Man”). The Seahawks will play in the Super Bowl on […]

Super Bowl a Boon for Washington MMJ Business is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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29 Jan 2015
Posted by Mary Jane
Category MMJ Business Daily

Week in Review: Bank Axes CO Service, Contentious Biz Plan in Alaska & Concerns Over Potential AG

By John Schroyer An Oregon-based bank retreats from the Colorado marijuana market, an entrepreneur reveals plans to open an unlicensed dispensary in Alaska, and the nominee for U.S. attorney general comes out against cannabis. Here’s a closer look at several notable developments in the cannabis industry over the past week. Read MoreWeek in Review: Bank […]

Week in Review: Bank Axes CO Service, Contentious Biz Plan in Alaska & Concerns Over Potential AG is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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29 Jan 2015
Posted by Mary Jane
Category MMJ Business Daily

CO Rec Stores Unloading Edibles Inventory

In advance of new regulations for infused products in Colorado, many recreational stores in the state are slashing prices on edibles to avoid having to destroy them in a few days. One shop, for example, is selling a Dixie Elixirs infused drink that normally retails at $22.50 for just $7, according to the Cannabist. Starting […]

CO Rec Stores Unloading Edibles Inventory is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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29 Jan 2015
Posted by Mary Jane
Category MMJ Business Daily

AG Nominee Opposed to Cannabis Legalization

Cannabis businesses may face obstacles if Loretta Lynch is confirmed as the next U.S. attorney general. Lynch, who has been nominated to succeed Eric Holder, said during a confirmation hearing that she doesn’t support marijuana legalization and disagrees with President Barack Obama’s stance that cannabis is safer than alcohol. Lynch’s stance is important, as the […]

AG Nominee Opposed to Cannabis Legalization is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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29 Jan 2015
Posted by Mary Jane
Category MMJ Business Daily

SEC Gives Green Light to Marijuana Company’s Stock Registration

The U.S. Securities and Exchange Commission has approved a share registration by a company that will engage in the cultivation and sale of marijuana, which could encourage other businesses that deal directly with cannabis to go public. It marks the first time the SEC has signed off on a share registration by a company that […]

SEC Gives Green Light to Marijuana Company’s Stock Registration is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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29 Jan 2015
Posted by Mary Jane
Category MMJ Business Daily

IRS Memo Could Raise Cannabis Industry’s Tax Bill by ‘Millions and Millions’ of Dollars

By John Schroyer A new IRS memo about tax issues tied to cannabis companies could end up costing the marijuana industry millions of dollars annually, reducing already-slim profit margins for scores of businesses. Last Friday, the IRS sent a memo to a Denver lawyer in response to an inquiry regarding 280E, a section of the […]

IRS Memo Could Raise Cannabis Industry’s Tax Bill by ‘Millions and Millions’ of Dollars is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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28 Jan 2015
Posted by Mary Jane
Category MMJ Business Daily

Pennsylvania MMJ Efforts Get Big Boost From Governor

The chances that Pennsylvania could become one of the next states to legalize medical marijuana improved markedly this week. Gov. Tom Wolf (pictured), who took office this month, has come out in support of MMJ, saying he will sign a bill to legalize medical marijuana if it passes the state Legislature. That’s a big departure […]

Pennsylvania MMJ Efforts Get Big Boost From Governor is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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28 Jan 2015
Posted by Mary Jane
Category MMJ Business Daily

Prominent Investment Firm Pumps Money Into Cannabis Tech Company

Another mainstream investment firm is hoping to cash in on the cannabis industry. Tao Capital Partners, which pumped money into Tesla cars and space travel company SpaceX, announced it has made an investment in cannabis software company MJ Freeway. Financial terms of the deal – including the amount of the investment – weren’t disclosed. Still, […]

Prominent Investment Firm Pumps Money Into Cannabis Tech Company is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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