MMJ Business Daily

28 Jan 2015
Posted by Mary Jane
Category MMJ Business Daily

Plan to Open 1st Alaska ‘Dispensary’ Draws Criticism

The former TV reporter who generated controversy last fall when she quit her job on-air to support Alaska’s recreational marijuana legalization effort is at it again. Charlo Greene plans to open a pseudo-dispensary in downtown Anchorage on Feb. 24, the day rec possession and consumption formally become legal in the state, according to the Alaska […]

Plan to Open 1st Alaska ‘Dispensary’ Draws Criticism 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

Guest Column: 5 Retail Design Tips for MMJ Dispensaries, Recreational Cannabis Stores

By Noel Remigio Many dispensaries and retail stores open in a rush, with the owners focused squarely on supply chain, regulatory and licensing issues. As a result, they overlook a critical element of success: retail design. I’ve seen some ineffective – and even truly awful – layouts in the cannabis industry. Very few dispensaries and […]

Guest Column: 5 Retail Design Tips for MMJ Dispensaries, Recreational Cannabis Stores is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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27 Jan 2015
Posted by Mary Jane
Category MMJ Business Daily

MBank Nixes Services for Colorado MJ Companies

Well that was quick. MBank, the Oregon-based financial institution that recently announced it would begin serving Colorado marijuana companies, changed its mind and announced on Monday that it doesn’t have the resources necessary to handle demand. Jef Baker, the bank’s chief executive officer, said inquiries for service had been “overwhelming,” and consequently the bank decided […]

MBank Nixes Services for Colorado MJ Companies is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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27 Jan 2015
Posted by Mary Jane
Category MMJ Business Daily

Florida Republican Files Proposal to Legalize Medical Marijuana

Entrepreneurs continuing the fight for medical marijuana in Florida have found an ally in Republican State Sen. Jeff Brandes, who has filed a measure to legalize MMJ. Senate Bill 528, called the Florida Medical Marijuana Act, would allow patients and caregivers to purchase and possess medical-grade cannabis and set up a system for the cultivation […]

Florida Republican Files Proposal to Legalize Medical Marijuana is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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27 Jan 2015
Posted by Mary Jane
Category MMJ Business Daily

California Tribe Inks MMJ Deal

It’s official: Native Americans are getting into the marijuana industry. The Pinoleville Pomo Nation announced that it has solidified a deal with FoxBarry Development Company to build a 90,000 square foot indoor cultivation center for medical marijuana on its land north of San Francisco, in Mendocino County. Construction is slated to begin next month, and operations […]

California Tribe Inks MMJ Deal is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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27 Jan 2015
Posted by Mary Jane
Category MMJ Business Daily

Delays, Uncertainty Leave Illinois Medical Marijuana Entrepreneurs in the Lurch

By John Schroyer Illinois’ budding medical marijuana industry has been reeling since former Gov. Pat Quinn’s last-minute and highly controversial decision to leave office without signing off on business licenses for cultivation and dispensary applicants. Quinn decided to leave the matter in the hands of his successor, Gov. Bruce Rauner, who said during the 2014 […]

Delays, Uncertainty Leave Illinois Medical Marijuana Entrepreneurs in the Lurch is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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26 Jan 2015
Posted by Mary Jane
Category MMJ Business Daily

Former Illinois Gov’s List of MMJ Finalists Revealed

Former Illinois Gov. Pat Quinn, who left office earlier this month without granting medical marijuana business licenses as initially planned, had a shortlist of companies ready to go. The list of several dozen businesses was released by newly-inaugurated Gov. Bruce Rauner’s office in response to a Freedom of Information Act request, and includes scores for […]

Former Illinois Gov’s List of MMJ Finalists Revealed is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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26 Jan 2015
Posted by Mary Jane
Category MMJ Business Daily

1,600+ Applicants for 10 Rec Licenses in Colorado County

How popular is the marijuana business in Colorado? Here’s one indication: A single county that plans on issuing a total of 10 business licenses received roughly 1,608 applications in a three-week period in January. Adams County officials accepted applications between Jan. 2 and 22 for three retail marijuana shops, three cultivation facilities, three infused products […]

1,600+ Applicants for 10 Rec Licenses in Colorado County is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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26 Jan 2015
Posted by Mary Jane
Category MMJ Business Daily

Report: Cannabis Sales Rise 74% in 2014

Medical and recreational marijuana sales jumped 74% last year to hit $2.7 billion compared with roughly $1.5 billion in 2013, ranking cannabis as the fastest-growing industry in the United States, according to a new report. The study estimates that sales will grow another 32% in 2015 and hit $11 billion annually by 2019, the Huffington […]

Report: Cannabis Sales Rise 74% in 2014 is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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26 Jan 2015
Posted by Mary Jane
Category MMJ Business Daily

Chart of the Week: Comparison of 2014 Investment Activity in Marijuana vs. Other Industries

By Jennifer Mann Last year was a significant one for cannabis investments. U.S.-based private equity firms, venture capitalists and major angel investors pumped $95 million into marijuana businesses in 2014 via 59 recorded deals, according to data from CB Insights. This represents a 940% increase over 2013, reflecting an average of $1.61 million per deal. […]

Chart of the Week: Comparison of 2014 Investment Activity in Marijuana vs. Other Industries is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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