MMJ Business Daily

14 Oct 2014
Posted by Mary Jane
Category MMJ Business Daily

Company Plans to Launch ‘Full-Service’ Cannabis Bank

Marijuana companies in Colorado could soon have their very own bank. The consulting firm Advanced Cannabis Solutions has filed a letter of intent to purchase a 15,000-square-foot former retail bank in Denver. It’s goal: Use the existing infrastructure to create a “full-service bank that serves the cannabis industry,” Christopher Taylor, ACS’s chief financial officer, said […]

Company Plans to Launch ‘Full-Service’ Cannabis Bank is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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14 Oct 2014
Posted by Mary Jane
Category MMJ Business Daily

Massachusetts Dispensaries Play Waiting Game

Hurry up and wait. That’s the situation Massachusetts medical marijuana dispensaries find themselves in as they work through the licensing process. State inspectors are still conducting site visits for the 11 dispensaries that have received provisional approval, and there’s no word on when the businesses will get the green light to start serving patients. The […]

Massachusetts Dispensaries Play Waiting Game is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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13 Oct 2014
Posted by Mary Jane
Category MMJ Business Daily

Controversy Over Proposed MMJ Business Fees in Maryland

Will the cost of doing business in Maryland turn away potential medical marijuana entrepreneurs and disenfranchise 45,000 potential patients? That’s the concern of many MMJ advocates after a state commission suggested a $125,000 annual fee for cultivation licenses and a $40,000 yearly charge for dispensary permits. Entrepreneurs would also have to shell out up to […]

Controversy Over Proposed MMJ Business Fees in Maryland is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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13 Oct 2014
Posted by Mary Jane
Category MMJ Business Daily

Colorado Marijuana Sales Balloon 11% in August

Marijuana sales in Colorado are hitting new highs. Both recreational and medical cannabis revenues jumped 11% in August, according to the latest numbers released by the state. Cannabis consumers spent over $33 million on recreational marijuana and $32.2 million in medical cannabis during the month. That’s up from $29.7 million and $28.9 million, respectively, in […]

Colorado Marijuana Sales Balloon 11% in August is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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13 Oct 2014
Posted by Mary Jane
Category MMJ Business Daily

Insights Into the Cannabusiness Banking Situation: Q&A With Attorney Ned Frisius

By John Schroyer If you run a marijuana-related company, chances are you’ve experienced some difficulties opening – and keeping – a bank account. Finding a financial institution willing to work with the industry remains one of the biggest challenges cannabis companies face, despite moves by the federal government earlier this year to ease the situation. […]

Insights Into the Cannabusiness Banking Situation: Q&A With Attorney Ned Frisius is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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13 Oct 2014
Posted by Mary Jane
Category MMJ Business Daily

Investing in Canadian MMJ Companies Could Carry Legal Risks

American investors who funnel money into Canadian medical marijuana companies could run into legal issues with the United States government. In a recent report by Reuters, several experts warned that investing in Canadian businesses that grow and sell marijuana could be seen as a violation of money laundering and drug trafficking laws. A spokesman for […]

Investing in Canadian MMJ Companies Could Carry Legal Risks is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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10 Oct 2014
Posted by Mary Jane
Category MMJ Business Daily

Colorado Candidate Suggests Repeal of Amendment 64

Colorado Republican gubernatorial candidate Bob Beauprez (pictured) suggested during a debate Thursday evening that voters should be asked to repeal recreational marijuana. That assertion drew a swift condemnation from the Marijuana Industry Group, one of the leading state cannabis associations, which called Beauprez’s suggestion “misguided.” “Repealing Amendment 64 would kill tens of thousands of jobs, […]

Colorado Candidate Suggests Repeal of Amendment 64 is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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10 Oct 2014
Posted by Mary Jane
Category MMJ Business Daily

Week in Review: Fallout From Colorado Governor’s Comments on Marijuana Legalization

By John Schroyer Marijuana could prove to be a decisive factor in who moves into the governor’s mansion in Colorado. At no point was that more evident than this week, when Democratic Gov. John Hickenlooper was forced to offer an olive branch to the cannabis industry after calling the 2012 marijuana legalization vote “reckless.” Hickenlooper […]

Week in Review: Fallout From Colorado Governor’s Comments on Marijuana Legalization is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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10 Oct 2014
Posted by Mary Jane
Category MMJ Business Daily

Edibles Companies Marketing Low-Potency Products to Newbies

Several edibles companies in Colorado and Washington State are producing weaker marijuana-infused products for customers who aren’t regular cannabis consumers, catering to an increasingly large segment of the market. The Growing Kitchen in Colorado, for instance, has debuted the Rookie Cookie, which contains just 10 milligrams of THC. The company is also slowly ceasing production […]

Edibles Companies Marketing Low-Potency Products to Newbies is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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09 Oct 2014
Posted by Mary Jane
Category MMJ Business Daily

Businesses Laying Groundwork for New York MMJ Industry

Despite the fact that New York’s medical marijuana program is still in its infancy – and more than a year away from actually beginning to serve patients – marijuana cultivators are already getting ready to join the green rush. Businesses from as far away as the West Coast laying the groundwork to enter New York’s […]

Businesses Laying Groundwork for New York MMJ Industry is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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